News
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
Ex-BAML Seebacher joins Brevan Howard
Gerhard Seebacher joins Brevan Howard in New York as co-head of global debt trading, after 18 years at Bank of America Merrill Lynch
FX volume resumes steady rise after yen-driven spike, surveys reveal
Turnover in the US and the UK declined between October and April, with a sharp fall in spot, but volume remains up year-on-year
Banks to shun FX platforms over transparency
Banks increase scrutiny of aggregation practices over transparency concerns
Credit Suisse’s Buckley joins FastMatch
Paul Buckley has left Credit Suisse after six years to join FastMatch, reporting to Dmitri Galinov
Lack of hedging options for RQFII ETF market-makers
Difficulty in accessing onshore market means liquidity providers are having trouble hedging China A-share exposure