News
BBVA and Bancomer deploy DLT-based FX matching pilot
Launch follows successful proof-of-concept in collaboration with Calypso Technology and R3
Johnson under cross-examination
Prosecution attorneys argue HSBC went beyond its executing bank role when it advised Cairn on order execution
Knott leaves Nex Group
Global chief operating officer Ken Pigaga will replace Jenny Knott
IBM to launch blockchain-based payment solution
Initially available in the Pacific region for KlickEx clients, IBM plans to expands the network across the globe in 2018
SGX sees 75% of listed CNH futures volume, Lam says
Singapore Exchange boasts 200% growth year-on-year in renminbi in August; hits two consecutive records for Indian rupee in September
CLS settled volumes rise 11% in September
Spot, forwards and swap volumes picked up pace compared with August and September last year
‘Gus thinks we’re buying 6.5bn’ – Johnson trial
Mark Johnson’s trial reveals how HSBC faced significant difficulties with the Cairn order as other banks knew of the deal and tried to benefit from the information
Global Reach Partners appoints Mike Buckland as IT director
He will take responsibility for the management of the firm’s technology department and report to its CEO Mark Smith-Halvorsen
ADS promotes Chow to head Apac business development
Matt Chow joined ADS Securities in 2012 as a senior vice-president
Ed Monaghan to retire from RBC
The global head of FX at RBC Capital Market is set to retire from the bank where he spent 25 years, with Sian Hurrell taking over his role
Reilly becomes global head of Currenex, Newns promoted
Global head of FX sales and trading at Cantor Fitzgerald for over three years, Reilly is now the global head of Currenex
Judge allows Rodgers’ ‘Russian name’ analysis into case
Judge does about-turn and allows Rodgers – whose $1,100 hourly fee riles prosecution – to enter his findings in court
Johnson: ‘It was fair all around’
Embattled former trader says execution of Cairn Energy order produced better than expected outcome
Infante joins Goldman Sachs in New York
Gabriel Infante previously worked at Citi for more than seven years
Salmon warns of algo risks
BoE's Chris Salmon cautions against lack of transparency brought in by automated high-frequency trading
Johnson set to take stand today
Mark Johnson will testify in his own defence today following day of high drama on October 10 around Rodgers’ analysis
China FX reserves rise for eighth month running as yuan fortifies
PBoC figures show $17bn increase, bringing total stockpile of reserves to 11-month high
Earthport to provide cross-border payment services to SECB
Headquartered in Frankfurt, SECB Swiss Euro Clearing Bank is a major euro payments-clearing hub for Swiss banks
GE’s FX managing director retires, launches advisory
As banks downsize their sales teams, David Rusate is looking to lend his currency expertise to small- to medium-sized firms
September brings bumper month for platforms
Some create new records, while others see growth of more than 20% compared with August and 50%-plus year-on-year
Johnson’s defence to present case on Tuesday
Rodgers expected to take stand during course of the week
Bank of Israel appoints new MPC members
The two appointments follow a lengthy three-year process
Nex lowers Optimisation margins for first half of the year
Operating profit margins for the Nex Optimisation business division in the six months to September 30 are set to be 20% rather than 29% as previously forecast
R3 launches Corda 1.0
It follows the open-source release of the platform in late 2016