News
Questions raised over trade reporting at CSFI round table
Concerns over the implementation and utility of trade reporting data dominate industry event
FXall sees record single-day volumes of $197 billion in January
FXall volumes hit single-day record at just below $200 billion
Trading Places, February 10, 2014
Deutsche replaces Felson as co-head of Fic, Morgan Stanley bolsters e-FX team
Buy side enjoys two consecutive quarters of narrowing spreads
Cut-throat competition for volumes brings good news for buy-side firms
Russian ruble pricing changes provoke FX market debate
Debate over price granularity in the ruble heats up as platforms consider changes
Citi's Prasad resignation unconnected to FX probe, source says
Citi's head of foreign exchange and local markets leaves bank for personal reasons
Argentine peso stabilises after turbulent few weeks
Central bank introduces new capital controls policy as foreign currency reserves dwindle
Icap revenues down 5% in four months
‘Challenging market conditions’ outweigh robust EM FX trading volumes
Steven Cho exits Goldman Sachs
Global head of G-10 spot and forwards trading has left Goldman Sachs to work on the buy side
Barclays appoints interim head of spot FX, cuts three in sales
Cuts hit Barclays' FX sales team, but bank appoints Dan Ryan as interim head of spot
Deutsche Bank traders let go as part of fix probe
FX regulatory probe heats up as four traders lose their jobs at Deutsche Bank
Eurex hopes to steal march on rival CME with FX launch
After delays, Eurex may launch FX futures and options by summer
Role change for Kinol as Credit Suisse plans new trading venture
Jon Kinol will lead a new electronic market-making project, leaving David Tait as sole head of the bank’s macro products group
EM currencies set for extended rout, say analysts
Current account deficits set to keep EM currencies under pressure
FCA hits State Street with transitions management fine
FCA fines State Street £22.9m for transition management failings, FX discussed but not a factor in fines
Deutsche suspends Mexican peso trader
Diego Moraiz placed on leave in New York; other people moves at HSBC, Wells Fargo, Standard Chartered and UniCredit
Revolving doors at State Street as Reilly exits
James Reilly has left State Street Global Exchange just two months after he and Mike Irwin joined from Morgan Stanley, while Andrew Lewis has joined from Deutsche
Hungary targets forint entry into CLS
Hungary's central bank has committed itself to bringing the currency into CLS, FX Week understands, and sources believe it could be added as early as next year
Banks reconsider prime brokerage models
Small and medium-sized clients find it harder to access interbank markets
UniCredit's FX derivatives chief exits
Peter Jerrom has left UniCredit after five years and is understood to have been replaced internally by Nick Gentle
Independent Scotland must cede some sovereignty to keep sterling
Bank of England governor Mark Carney warns of tough choices ahead for Scotland if it goes ahead with independence but looks to keep the pound
Disappointing Q4s cited as proof of Ficc regulatory squeeze
The pressure of regulation is making its mark on the profitability of the fixed income, currencies and commodities businesses of large banks, say analysts
FX traders break up USD/EM basket for first time in five years
The market has seen a shift in emerging markets trading as FX traders focus on currency differentials
Nomura’s Neal to join Deutsche
Michelle Neal has left her senior role at Nomura to join Deutsche Bank as global head of listed derivatives in the markets clearing and Fic market structure business