News
Almost $1 billion in MF Global UK client assets recovered
Findings of six-monthly progress report published by special administrator of defunct broker
Newscape Capital launches quant FX fund
London-based Newscape believes investors have too much focus on fixed income and equities and should have more capital committed to the FX market
GKFX selects Gold-i Gate Bridge to connect to liquidity providers
Online broker expands product coverage with new connectivity to liquidity providers
FXall expands in London with three hires
FXall has made three appointments to its sales team in London, all reporting directly to James Watson, head of Europe, the Middle East and Africa
Credit Suisse EMFX options head to join Jefferies
Jefferies Bache has hired a senior trader from Credit Suisse to expand its FX options business in London
NFA takes enforcement action against KS Global Strategies and Khaled Salama
Retail regulator continues to crack down on fraudulent activity
FX e-commerce head departs BNP Paribas
Chester Boles has left the French bank in New York after seven years
Bloomberg launches CNY market data service through Cfets
New service provides live interbank rates on USD/CNY and eight other renminbi pairs, priced from 26 participating banks
Credit Suisse concentrates Asia FX in Singapore
The Swiss bank is seeking to focus its FX business for the region in one location, except for small teams in Tokyo and Hong Kong
Icap pushes into disclosed FX liquidity with EBS Direct
The launch of relationship-based pricing through EBS has attracted support from 19 named liquidity providers and will bring the platform into direct competition with ECNs and technology vendors
Saxo Bank cuts 266 jobs
Danish bank becomes latest victim of tighter regulatory controls on margin and contracts-for-difference trading
Thomson Reuters beefs up post-trade business with senior appointment
Former Bloomberg product manager for FX e-trading has joined rival vendor Thomson Reuters to head post-trade product strategy
Roger Hawes exits RBS
Former head of Ficc e-commerce has left the bank, a year after he spearheaded the relaunch of its trading platform, RBSMarketplace
Trading places, November 26, 2012
Credit Suisse restructures its senior management team, while State Street's chief financial officer will retire next year
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FX Week Europe: Aggregation here to stay, say tech providers
The growing fragmentation of trading venues and liquidity streams means the demand for aggregation is as strong as ever, say speakers at FX Week conference
FX Week Europe: Op risk requires greater focus in FX post-Sandy
Investment in business continuity and the robustness of electronic platforms is increasingly important in the light of Hurricane Sandy, say conference speakers
FX Week Europe: Corporates go back to basics in tough market conditions
Regulatory change and the increasing costs arising from credit risk mitigation measures on the sell side are a growing concern, according to four corporate treasurers that spoke at the FX Week Europe conference
Euro will survive and RMB will be convertible by 2017, say industry leaders
Speaking in the final panel discussion at the FX Week Europe conference, senior market participants made their predictions about how the FX market will evolve over the next five years
Credit Suisse e-FX sales co-head departs
The latest exit from Credit Suisse's FX sales team is its co-head of e-FX sales for the Americas
Deutsche creates Fic division under Amrolia and Felson
Zar Amrolia and Wayne Felson have been appointed co-heads of a new fixed income and currencies division at Deutsche Bank
Margin for longer-dated uncleared FX would be unpopular, FSA official admits
While the idea behind a maturity threshold for FX collateral requirements makes sense to regulators, FSA speaker at FX Week Europe recognises the industry's opposition
FircoSoft expands its solutions within India through its new partner Peocit
Transaction monitoring technology gains traction in India
Alpari registers in New Zealand, signalling pursuit for safe-haven markets
Retail brokers pushes out to New Zealand