News
Hotspot falls under new oversight in Knight/Getco reshuffle
New management structure gives Albert Maasland and Joseph Mazzella oversight of Hotspot FX, which continues to be run by the same team
MIG Capital targets retail FX traders in eastern and southern Europe, says CEO Cirulli
Margin foreign exchange broker leverages demand for alternative trading assets and algorithmic trading
FX Solutions exits US retail foreign exchange market; sells clients to Gain Capital
City Index-owned US broker to focus on retail trading in Europe, Middle East and Africa
CLS hires ex-New York Fed veteran to head regulation
Management changes at CLS continue with the appointment of Dino Kos, former head of FX at the New York Fed, as head of global regulatory affairs
Paul Allmark departs Thomson Reuters
The FX management reshuffle at Thomson Reuters continues as the head of marketplaces for Europe exits
Lloyds veteran spot trader departs
After 23 years at Bank of Scotland, HBOS and Lloyds, spot veteran Stuart Moss has left the bank
RBS's Ahmad joins JPMorgan Asset Management in emerging markets debt and currencies
Appointment signals demand for investments in emerging markets debt and currencies
EBS and Thomson Reuters merge input prices for FX fixing
The rival platforms have merged the sources for the 30-minute fixing in an effort to raise transparency and accuracy of reference data
Basel Committee and Iosco reopen FX exemption debate
A second consultative document from the Working Group on Margining Requirements gives the industry until March 15 to make its case again for an exemption from mandatory margin
Trading places, February 18, 2013
Recent departures at Aspen Trading, Morgan Stanley, Barclays and UniCredit
Managing the costs of liquidity fragmentation
The increase in electronic trading venues in the FX market has created the potential for further fragmentation of liquidity. Banks say the challenge creates an opportunity for technology vendors, but what solutions are on offer? Robert Mackenzie Smith…
Natixis expands FX sales in London
Peter Larsson has joined the French bank in London, having left his former role at Nomura last year
Cyprus cracks whip on margin foreign exchange brokers
EToro settles charges of weaknesses in its organisational structure
Emerging markets to drive retail foreign exchange growth in 2013
Asia, Africa, Middle East and Latin America are expected to see a rise in retail foreign exchange trading as stringent rules in developed markets come into force
FX volumes poised for growth, say panellists
Foreign exchange trading volumes will soon come to reflect the underlying changes in global economies, according to strategists at this week's Afme conference
Mifid obstructing cloud computing at European banks
Vendor contracts may not be flexible enough to satisfy outsourcing rules
First OTC clearing wave to catch 77 fund managers
List reveals 77 managers have funds that will be required to start clearing on March 11 - and dealers say up to a third are not ready to start
Options clearing pushed to 2014 as solution search begins
As the search for a viable clearing mechanism for FX options begins, market participants suggest clearing won't begin before 2014
Mifid transparency rules must be properly calibrated, warns ECB board member
Central banks will have to deal with liquidity shocks in financial markets, so must ensure post-trade transparency rules are well calibrated, says Peter Praet
‘Near-final’ margin rules to be issued within days, says Iosco chief
Secretary general of Iosco confirms that further work is needed to assess the economic impact of margin requirements for uncleared derivatives
FX trading chief to leave Goldman Sachs
Nick Burgin, global head of FX trading, is leaving Goldman Sachs after 16 years and will be replaced by Guy Saidenberg, head of emerging markets trading for Emea
DTCC powers ahead with FX trade repository
Dealers are on-track to meet a February 28 deadline to report FX trades to a repository, a DTCC official said earlier today
Retail volumes bounce back at FXCM; active traders drive up volumes at FXall
Margin foreign exchange broker sees a reversal of fortunes, while active traders drive up volumes at FXall
MarkitServ partners with Misys to boost FX clearing
Users of the Misys Confirmation Matching Service will be able to use MarkitServ's clearing connectivity to route FX derivatives to clearing houses