News
WMBA rebrands as Evia
Decision reflects changes at the industry association following the implementation of Mifid II
Hotspot partners Celer Technologies
Celer’s bespoke trading GUI will enable customers to access Hotspot’s outright deliverable forwards liquidity
LMAX Exchange Group separates MTF and broker businesses
On the day that Mifid II goes live, the exchange separates services it offers to comply
Renminbi payments jump in November
The currency overtakes Swiss franc and Canadian dollar as sixth most used for global payments – Swift
Esma proposes crackdown on CFDs and binary options
Esma considers ban on binary options and tighter leverage limit rules for contracts for difference
CLS hires Danino-Lewis and Scott
The infrastructure provider gears up to broaden its range of services
BNP Paribas signs up to FX Global Code
The French bank is the third lender to sign a Statement of Commitment after Barclays and Saxo Bank
GFXC publishes final word on last look
The GFXC has released the new and final version of Principle 17 and added two examples to illustrate best practice
Thomson Reuters launches MTF
The new MTF will provide FXall and Forwards Matching users with a compliant source of liquidity
Shift towards futures inevitable, says Greenwich
To address the cost pressures associated with regulation, both buy- and sell-side participants have started analysing the impact of adopting futures in their trading habits
China FX reserves rise 10 months in a row
PBoC figures show $10 billion increase, bringing total reserves stockpile to 13-month high
RJ O’Brien hires two
Barry Marnane and Neil Tesi join from Marex Financial, where they spent six years as senior brokers
Nex promotes SanGiovanni
Brianna SanGiovanni takes on commercial officer duties, reporting to Tim Cartledge
Markets underpricing impact of tax reform, says BAML
“I think the market is not appreciating the risk of growth,” says David Woo, head of global rates and FX
HSBC finds ‘non-existent’ ECU data
The bank must hand over trade data for three 2006 stop-loss orders to ECU Group by January 19 – four weeks earlier than planned
Nudel joins Societe Generale in FX sales
French bank is understood to be building out its FX sales team
Gladwin exits CLS, joins consultancy
CLS relationship manager Julian Gladwin left CLS in October and has moved to Elixirr
BNY Mellon to become a systematic internaliser
The bank will become an SI under Mifid II, taking on post-trade reporting obligations for clients
Pragma calls for flash crash definition
Technology provider Pragma says systematically tracking flash crashes according to a set of criteria could help regulators
LBC selects Bloomberg’s FXGO for treasury
Philippine logistic company eyes further expansion and looks for seamless trade execution
Berner joins LBBW in sales
Steffen Berner was formerly Emea head of FX sales at ED&F Man
SmartTrade opens Milan office as client base grows
The company has onboarded new clients in several places, including Germany, Italy, Japan, North America, South Africa and Switzerland
ForexClear prints new record, clearing more than $100bn in one day
And recently launched G10 NDF service clears over $700m in a month
CIB revenues set to drop slightly in Asia – Coalition
Survey finds corporate and investment banking revenues are expected to be 4% lower in 2017 than the year before