News
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
EU sparks hopes of securitisation margin reprieve
Optimism over EU Council amendment, but Parliament will still have to approve
ECB and 14 peers commit to the Code
Bank of England and rest of the European Union central banks set to follow suit in early 2018
ECU claim for data is not speculative, says judge
The details of which data will be handed over have not been determined
CME launches analytics tool with Kalahari
Shows pricing of CME FX futures compared with OTC prices; can be broken down into spot, forwards and swaps
Barracuda FX launches OMS Cloud
New cloud-based OMS will include many FX features such as connectivity to Barracuda’s Order Hub service
AWARDS JP Morgan crowned best bank for FX in 2017
JP Morgan overtakes Citi as best bank overall for FX dealing at the 2017 FX Week Best Banks Awards. We list all the award-winners and links to their interviews