News
‘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
Currency managers divided on net foreign assets as an indicator
Net foreign assets have a greater role to play in weighing up currency strength, says Stratton Street portfolio manager - but others disagree
Digital Vega to add spot to Medusa options platform
FX options platform to add spot trading functionality this week in response to client demand, assisted by State Street-owned Currenex platform
Trading places, February 11, 2013
New hires in FX at Brevan Howard and Stone Milliner, while EBS appoints a sales manager in London and the WMBA elects a new chair for the Americas
Ruble poised for growth after bond market liberalisation
As the bond market continues to open up and Moscow Exchange prepares to go public, FX market participants are eyeing potential opportunities for the ruble
FXCM recruits ex-sales head after Alpari stint
Mark Davison has rejoined FXCM after two years at rival Alpari where he headed institutional sales globally
Euro outlook 'unpredictable' after recent strength
Despite the resurgence of confidence in the euro since the turn of the year, participants appear to be following the caution expressed by Mario Draghi yesterday over whether the trend is sustainable
US National Futures Association adopts recommendations from an independent analysis of NFA's Peregrine Financial Group audits
Futures industry regulator to roll out new procedures to tighten scrutiny of futures brokers following report
SurfacExchange in acquisition talks
Multibank FX options platform confirms it has seen an 'uptick' in conversations over a potential acquisition, as rivals make tweaks to their ownership structures ahead of Sef registration race
New Zealand to increase supervision of margin foreign exchange brokers, says government official
180 companies come under fire by regulators for failing to meet rules for operating as a financial services provider
Exchanges poised for further volume growth in FX
Both exchanges and ECNs have reported an uptick in FX trading volumes in January, but some suggest exchanges might be the biggest winners as activity rises in forex futures and options
Barclays staff cuts claim FX roles
At least eight staff members have left the FX division at Barclays this week as part of the latest round of cuts at the bank
UK institutional sales head exits UniCredit
David Rosenberg has left UniCredit after six years and will take time out of the industry
CLS appoints chief financial officer
Alexander Filshie will become chief financial officer at CLS, starting February 6, the settlement risk utility announced today
Japan institutional investors start unwinding dollar/yen hedge after steep yen drop
While foreign hedge funds have been driving down the value of the yen, now Japan insurers may strengthen the trend
FX Concepts moves execution to MarketFactory aggregator
New York-based currency hedge fund switched from Thomson Reuters to MarketFactory last month as it seeks to rationalise and simplify the process of aggregating liquidity
Trading places, February 4, 2013
Morgan Stanley hires in FX sales, while Legal & General unveils a management reshuffle
Increased risk appetite causes spike in relative value FX trades
Investors are turning to relative value trades to provide low-premium, guaranteed downside and good leverage to the upside, traders say
Traders prepare for HFT shift into emerging markets
Better infrastructure and deeper liquidity is attracting high-frequency traders to exploit EM currencies, say traders and technology providers
Currency managers up in December
Index of 43 managers makes minor gains as political uncertainties and accommodative pro-growth monetary policies drove FX trends