News
FX platforms divided on management of costs and speed
Officials at EBS, LMAX Exchange and State Street Global Exchange debate key issues facing new and incumbent platforms during a live webinar
FXCM hires Middle East head
Other people moves at CLS, Morgan Stanley and Portware
Traders welcome latest UK-China deal on RMB
The extension of the RQFII scheme to UK investors will further grow London's position as an international hub for offshore renminbi business, say traders
Barclays restructures European FX sales management
UK bank has moved from a geographically organised sales force to focus on its three core client segments
Chaotic birth of Sefs drives NDF trading off platforms
The first two weeks of Sef trading have seen some trading volume in non-deliverable forwards migrate to single-dealer platforms and voice brokers to avoid the rules
Internalisation to blame for EBS volume decline
Low volatility in major currency pairs has created an environment in which many banks prefer to internalise trades rather than trading on anonymous platforms such as EBS
KCG Europe loses chief executive
Robert Smith departs the recently merged company in Europe
Clearing of physical FX in China and India a concern, says GFXD’s Ngai
Global FX division managing director David Ngai warns of the challenges associated with centrally clearing physically delivered FX products
BAML hires from Deutsche in prime brokerage
Luciana Miranda has joined Bank of America Merrill Lynch in New York to run futures and FX prime brokerage marketing
Banks eye new protocol to streamline platform connectivity
A working group backed by seven banks is looking to create an automated protocol to streamline the process by which clients connect to FX trading platforms
SGX hires KC Lam ahead of FX futures launch
Former CME Group sales head joins the Singapore Exchange as it looks to expand its offering into FX futures
CBA appoints spot FX trader in London
Industry veteran Andre Katz joins from Bank of America Merrill Lynch
FX indexes head exits HSBC
Tamas Korchmaros leaves the industry after 13 years in FX
StanChart hires Wintersgill in FX sales
Graham Wintersgill and Mark Webster together again, this time at Standard Chartered
BBVA hires Mark Warms to head US FX sales
Former FXall salesman Mark Warms takes charge of FX sales for BBVA Compass in Houston, Texas
Lloyds hires in UK corporate sales
Andrew Stirling departs RBS after 10 years to join Lloyds in a London sales role. Meanwhile, Deutsche hires structurer from BAML, and City Index loses global head of trading
FX desks ponder brokerage fee for fix trading
Allegations regarding manipulation of FX rates have prompted some banks to consider an agency-style model
Banks push for greater adoption of two-way CSAs
The Bank of England's decision in 2012 to start using two-way collateral model fails to spur change, and traders are calling for more to adopt the model
US political gridlock puts EM currencies in stasis
EM currencies could still be badly affected by US default, say traders
Barclays appoints Cartledge to head new e-Ficc team
Management changes at Barclays globally after Cartledge takes on role leading the bank's new electronic Ficc trading team
RBI's shift in monetary policy welcome, say traders
The central bank’s reduction in its marginal standing facility is positive for India’s growth, but the rupee is still exposed to external risks
StanChart loses in FX investor sales
Veteran salesman Paige Orr departs Standard Chartered's investor sales group
Progress of RMB internationalisation ‘spectacular’, says SFC official
Speaking at the FX Week Asia conference, deputy chief executive of Hong Kong regulator highlights the importance of continuing to internationalise China's currency
Barclays appoints McGowan to head FX trading
Former global FX options and forwards head Adrian McGowan receives second promotion in just over a year