News
EBS takes aim at maligned aggregation practices
Icap’s EBS is setting out new best practices on aggregation and will only connect to aggregators that adhere to them, as it seeks to further overhaul the experience of its liquidity consumers
MAS overhauls benchmarking practices
Twenty banks found to have deficient procedures in place after a year-long review of benchmark submissions
BoE deputy Paul Tucker quits after 33 years
Deputy governor for financial stability will stay for Mark Carney's first few months as governor of the Bank of England, before leaving to spend a time in academia
BNP Paribas loses spot trader
Trader exits in London after less than two years
Further consolidation looms in retail FX
Retail FX continues to grow at a faster pace than the broader market, but brokers face the tough challenge of dealing with strict regulations and remaining competitive in an environment of aggressive consolidation. Miriam Siers reports
Goldman Sachs loses in FX sales
Marc Nicolas has left the FX bank sales team in London after more than 12 years
CLS hires RBS risk veteran
Peter Lightfoot has joined the FX settlement risk mitigation utility after more than 32 years at Royal Bank of Scotland
ParFX targets buy side inclusion by Q4
The platform will open its doors to non-bank market participants later this year in what will be the real test of its level-playing-field design
Nomura hires senior FX trader in New York
James Lanzilotti has joined the Japanese bank from Credit Suisse
SurfacExchange business development manager exits
Lina Zilenaite has joined Louis Capital Markets in London
CLS membership will allow more ‘flexibility’, says Natixis
Natixis became a full settlement member in May, as CLS continues its mission to expand the use of the central settlement risk mitigation utility
Rolling spot is a swap in retail market, says CFTC’s Chilton
Bart Chilton confirms rolling spot transactions in the retail market renders the contract a swap under the Dodd-Frank Act, but definitions still unclear in institutional FX
Trading places, June 10, 2013
New hires at Goldman Sachs, TraderTools, GFI, ECU and CRT Capital
Questions remain over finer details of Sef rules
The countdown to compliance with the Sef rules has begun following their entry in the Federal Register, but some platforms still have questions over the proposed model for a Sef
FXCM hits record trading volumes
Return of volatility brings traders back to market
MIG Bank launches subsidiary in Hong Kong under MIG Capital Asia
Online broker targets rapid growth in foreign exchange trading in Asia with the establishment of a licensed office in Hong Kong
CFTC files complaint against Banc de Binary for breaching off-exchange options trading ban
Regulator gets tough on online brokers of off-exchange options brokers
Deutsche’s Jason Shell takes sabbatical
David Wayne is relocating to New York to head FX in North America, while also retaining his current role as head of FX derivatives
BNP Paribas beefs up client clearing team
The French bank has made seven new hires to build out its new derivatives client clearing business, including three from JP Morgan
Year-end ‘congestion’ looms for European trade reporting
Buy-side must prepare to meet their FX reporting obligations in Europe, which will be more challenging than in the US, webinar participants warn
Ex-JP Morgan algo head joins BAML
Alex Shterenberg joins Bank of America Merrill Lynch in New York after six years with JP Morgan
Crédit Agricole hires in central bank FX sales
Former FX sales director at Barclays and Deutsche Bank has joined the French bank in London
GKFX backs Rising Sum
Retail broker expands into equity-linked contracts-for-differences with new trading tool
Buy-side vendor Charles River taps 360T for FX
360T to connect Charles River to FX dealers and regional banks, removing the manual processes currently required to trade currencies through its investment management platform