News
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
Otting becomes comptroller of the currency
Joseph Otting takes over from Keith Noreika, who has served as acting comptroller since Thomas Curry stepped down
CFTC approves CME and Cboe bitcoin futures
But warns investors it has limited statutory authority over the underlying cash markets and exchanges for bitcoin, which are largely unregulated
LCH SwapAgent processes first cross-currency basis swap
It is the first non-cleared trade to be transacted as LCH STM, SwapAgent’s settlement-to-market legal and operational framework
Renminbi's share of payments drops 19% in October
Chinese currency slips behind Swiss franc and Canadian dollar as seventh most-used currency for global payments – Swift
R5FX launches renminbi connection with Shanghai Clearing
Connect will enable Shanghai banks to trade spot FX offshore via R5FX
Buy side should create central tape, panellists say
Internalisation and analytics were the focus of discussion for an occasionally tense panel
Regulations often neglect FXPB, panellists say
Post-crisis regulatory efforts tend to focus on core market-making, leaving credit intermediators in a confusing limbo
Cost of credit no longer about the end-client, panellists say
Instead, it reflects the cost of major participants taking risk amongst themselves due to margin rules
DuCharme joins Mesirow
The Russell Investments veteran joins as director of currency solutions
Fluent partners Moex for FX integration and testing
Low-latency provider will streamline secure access to Moex UAT integration and testing environment
Binny replaces Crownover as SSGA FX head
Collin Crownover has been appointed global head of Ficc multi-sector solutions, leading a newly created team
Citi raises $6.25 million through 'E for Education' campaign
The bank’s FX and local markets business raises more than $22.5m since the campaign's launch in 2013
Lucera hires Van Zegveld to lead European growth
Frank Van Zegveld was previously head of sales and business development at Solid Trading
TCA isn't a box-ticking exercise, panellists say
Mifid II has brought workflow and analytics to the forefront, delegates hear at FX Week Europe
Finn joins Citi as global co-head of FX options
Rob Finn will share the position with Nathan Venkat Swami
Currencycloud appoints Ziv as compliance officer
Tanya Ziv joins the international payments platform from UK mobile telecoms firm Lebara
Central banks to stay dovish, but messaging is key
Paying attention to what central banks say is the way to anticipate their moves in 2018
BitFlyer launches US-based platform
BitFlyer USA is designed for professionals trading $100,000-plus in virtual currency each month