News
Soren Haagensen joins smartTrade
He joins as a sales director for the Americas
Kristin Zekis leaves FX sales role at Citi
Zekis joined the bank as a director of FX sales and trading in 2016
CLS to launch reporting tool for members
FX settlement utility gives members extra fields in end-of-day reports to help with reporting requirements
Capitolis secures $20m in extra funding
Led by former Traiana and EBS BrokerTec CEO Gil Mandelzis, Capitolis seeks to offer products that overcome capital market inefficiencies
Johnson’s sentencing pushed back to April 2
Mark Johnson is allowed to stay in the UK with his family until March 26
Mark Carney: crypto is not the future of money
The Bank of England governor says cryptocurrencies are unreliable and provide poor short-term value
Fed’s Powell expects strong US growth
Robust labour market likely to support income and consumer spending rises, Fed chair says
Wood trades Edgewater for Mirexa
Wood is a veteran EM currency specialist who began his career at Standard Bank in South Africa
Apac investment bank revenues at five-year low
Australasia was the best performing region across Apac in 2017, with Ficc and equities revenues remaining stable
TCA costs up to 12% of tech budgets – Greenwich
A survey of buy-side equity trading desks shows 86% use TCA, which can make up 12% of their technology budget
Bogucki lawyers call FX case a ‘well-disguised sham’
Defence says prosecutors misused international document request to extend statute of limitations
NatWest Markets commits to FX Global Code
The bank becomes the ninth dealer listed on the public register of adherence maintained by CLS
FCA: TCA ‘unlikely’ to fall under research
Third-party transaction cost analysis fees will be difficult to include in the spread if they do not count as research costs
RBC Capital Markets: all e-FX trades subject to last look
The bank commits to FX Global Code of Conduct and publishes Ficc client notice
Manuel Astaburuaga-Torres leaves HSBC
The New York-based FX cash trader has worked at the bank since 2011
TP Icap reshuffles institutional ranks
Mark Allen becomes the division’s chief operating officer
Stipe switches from Citi to BNP Paribas
Jason Stipe was head of electronic trading product and trading services for Emea at Citi
Nex appoints Jannece as head of mid-match
Kyle Jannece was formerly an eFix benchmark specialist at the trading platform
Nex and CFETS launch renminbi Clob
FX2017 allows anonymous execution on a central pool of liquidity and a public reference point for CNY pricing
BoE to authorise EU CCPs ‘at 00:01’ on Brexit day
Central bank hopes plan to preserve access for EU CCPs will be reciprocated
Peter Little to fight proposed Fed ban at trial
Lawyers for the ex-trader, who is looking at a potentially permanent ban from markets, say he is innocent and will be vindicated
Algos to blame for 2015 Swiss volatility
Bank of England staff paper analyses Swiss franc event of January 2015 and concludes algorithms were consumers of liquidity overall
Ficc revenues tank at US banks
Revenues were dampened by low volatility throughout most of 2017, among other factors
IA calls for more last look disclosures
Investment Association says venues must take more responsibility for monitoring behaviour and LP adherence to FX Global Code