News
ThinkForex registers under new Asic rules in move to target large accounts
Broker abandons lax registration in New Zealand to gain larger clients in Asia-Pacific
Fidelity Management and Research hires Hawes
Foreign exchange industry veteran joins the buy side
US volumes dive after Sandy hits FX survey data
Average daily FX volume fell again in the US, UK and Canada in October 2012, but the fall was sharpest in the US, partly due to the effects of Hurricane Sandy
Jefferies hires e-FX sales head
Former head of e-FX sales for the Americas joined Jefferies in New York last week to build out its e-FX business
Further exits at Morgan Stanley as US sales head departs
Thomas Haskins and Juha Sternberg have left the US bank in New York and London, as cuts continue to bite into the FX business
Bank of China (Hong Kong) designated as market maker for CME USD/CNH futures
Market maker named for CME offshore Chinese yuan futures set for launch in February
Senior salesman exits Deutsche
Former Morgan Stanley FX sales head leaves Deutsche Bank in New York
CME launches three-year CNH futures contract to meet dim sum bond hedging demand
CME to offer CNH futures from February 25; becomes second provider after HKEx launched CNH futures contract last September
LCH approved for client clearing on ForexClear
The clearing house expects to begin client clearing for FX NDFs during the first quarter, and has now surpassed $500 billion in cleared volume for interbank NDFs
Could FX volumes bounce back in 2013?
As the central bank FX committees prepare to publish their semi-annual turnover surveys today, trading volumes are expected to have remained depressed in October 2012, but many now expect a recovery in volumes this year
Exchanges converge on INR/USD futures to boost Indian rupee
This month's launch of Indian rupee futures on CME and Ice has been welcomed by traders as an important step in boosting liquidity in the currency
Trading places, January 28, 2013
New hires at SurfacExchange and EBS, while CFTC commissioner Jill Sommers steps down
Global margin standards face further delays
Proposals to collateralise non-centrally cleared derivatives could now be subject to further consultation and impact assessment, having missed the original end-of-2012 deadline
Standard Bank continues e-commerce build with Caplin Trader
The implementation of a new single-dealer platform at Standard Bank will initially cover FX and precious metals, across spot, forwards, swaps and orders
MarkitServ hires senior relationship manager for FX
Jane Collins started at MarkitServ on Monday, having previously worked at Thomson Reuters for seven years
Citi prepares to go mobile with Velocity platform
The bank is testing a trading component for the mobile version of its Velocity platform, which will allow users to manage orders, and eventually execute on live rates, remotely
FXCM enables cross-asset margining via Phoenix
Online broker to roll out new trading platform to access exchange-traded and foreign exchange products
Saxo opens office in Istanbul
The Danish bank solidifies its presence in Turkey with a new office, headed by Egemen Kaya, formerly head of emerging markets and precious metals
360T licenses GFI Fenics for options pricing on Tex platform
The Fenics ePricer engine will support options trading on 360T's Tex platform as GFI Fenics broadens out its client base to multibank platforms
Five down in FX at Morgan Stanley
Spate of departures from the FX business in London coincides with the bank's cull of 1,600 jobs
Institutional sales head exits Alpari
Mark Davison is leaving Alpari in London after just over two years as global head of institutional sales
UniCredit hires ex-BNP Paribas FX sales chief
The French bank's former head of institutional FX sales joined UniCredit in London on January 14
Peter Rading exits RBS
Co-head of fixed income, currencies and commodities and global trading is leaving RBS after 22 years
CLS squares up to member onboarding challenges
Having added Swedbank and Lloyds as settlement members in the past two years, CLS has committed itself to further expanding its membership as well as its currencies