News
Stater appoints Agha as strategic adviser
Ashraf Agha spent eight years at Saxo Bank and co-founded CFH Markets
Outstanding OTC FX derivatives notional at all-time high – BIS
Clearing of FX contracts and gross market value of over-the-counter FX rises in H1 2018
BCS Global hires five senior analysts
Firm begins expanding analytical coverage to central Asia and Caucasus
XTX Markets goes for Paris as European hub
Liquidity provider applies to French regulator for authorisation
US banks’ Ficc earnings drop in Q3
Only Citi managed growth versus second quarter and Q3 2017
Advanced Markets launches London operation
Nina Baksh will lead the London office for the FCA-regulated firm
CME to retire Nex, revives EBS as sub-brand
The deal between the two firms will go ahead after full regulatory approval in all jurisdictions
Deutsche Börse launches reg reporting service
Market participants will be able to detect errors in regulatory reports before submitting them
FlexTrade integrates data-sharing app into EMS
FlexTrade clients can automate data workflow across various platforms and systems
Chance of hard Brexit on the rise, says Rabobank
Political uncertainty in post-Brexit period could limit pound gains
FX Cartel traders found not guilty
“We all came to the conclusion that we didn’t think the prosecution had enough evidence,” a juror tells FX Week
Fix participation shifted after scandal, says FCA
Lengthening the benchmark window in 2015 made manipulation less likely, but the fix price is harder to obtain
Hurdles remain for euro as international reserve currency
Dollar’s incumbency, institutional deficiencies and rise of renminbi hamper progress of single currency
MarketFactory partners Elysium
MarketFactory's API Whisperer integrates with Elysium and its cloud-based enterprise solution, Mission Control
Jurors begin deciding fate of FX Cartel
UK nationals face 10 years in prison if convicted of alleged price-rigging
Flow Traders to open London office
Amsterdam-based liquidity provider says new premises are part of Emea expansion strategy
Judge denies FX Cartel mistrial request
Judge Berman reserves making decision on defence’s motion for acquittal due to lack of evidence
Societe Generale gains two in institutional FX sales
Neel Mehta and Susan Henschel join New York office
Morgan Stanley hires Haber and Falkovitch in sales
Mark Haber joins in New York while Simon Falkovitch is based in London
US attorney: all avenues exhausted for Scott’s extradition
UK Supreme Court denies appeal on behalf of US to consider overturning decision to let Stuart Scott stay in country
‘You can’t game the fix,’ jurors hear in FX Cartel trial
Melvin says if the three traders wanted to game the fix, they couldn’t have chosen a worse time because the market is too liquid then
Timmons set for UK return
Laurence Timmons is due to finish his two-year secondment to Asia and head back to London
HC Tech recruits Puma and Powers
Richard Puma joins as COO and Eric Powers as head of infrastructure
Refinitiv expands data delivery with Amazon cloud
The service is improving access to real-time financial data globally