News
XTX to become equities SI under Mifid II
The non-bank market-maker will opt into the regime for European equities, regardless of its share of the OTC market
BidFX commits to Global Code
The TradingScreen-owned platform reviews and realigns practices to fully adhere to the principles
RBA appoints Jones as FX head
Bradley Jones will head international development, which is responsible for the RBA's foreign exchange operations
Cairn treasurer denies knowing HSBC would pre-hedge order
Yet neither the corporate nor its adviser instructed the bank how to deal with the $3.5 billion order
Fed fines HSBC $175m for unsafe FX practices
Bank ordered to improve practices
Weisberg launches new firm
Matzliach Capital seeks to help strengthen wholesale financial markets by providing leaders with objective advice on how to build and grow successful businesses
Deutsche settles FX rigging case for $190m
Credit Suisse now the only holdout defendant in the case that involves 16 major banks
Pre-hedging debate at centre of Johnson trial
For some, pre-hedging is common practice; for others, it is synonymous with front-running – a jury will need to decide
Integral introduces flat fees on OCX
The venue will charge $2.75 per million per side on its open currency exchange platform
ACI joins voices calling for changes to Principle 17
ACI finds “no firm evidence or specific situations” where there is any likely benefit to clients from trading in the last look window
FXSpotStream hires San Pietro; adds State Street
Tom San Pietro, former CEO of LavaFX, joins FSS in newly created role
Johnson trial to resume on Monday
Judge falls ill, trial to continue on Monday; on Wednesday, Dipak Khot, testifying for the prosecution, underwent six hours of questioning
Deutsche Bank's global head of FX forwards exits
Mark Lewis leaves after spending 12 years at the German bank
Nex Markets launches new analytics tool
Nex Quant Analytics will use benchmark data from the EBS ecosystem to deliver real, measurable insight for clients
FX Tape free until volumes hit $100bn a day, Galinov says
Data will be aggregated and slightly delayed
SGX hits records in rupee and renminbi futures
The exchange prints USD/CNH record on September 8 and sees INR/USD futures reach new highs on September 22
Prosecution witness Khot says he had concerns about Cairn order
Dipak Khot asked Johnson and his team to return some money to Cairn after seeing unexpected volatility
Bevan switches Citi for ING
Simon Bevan has resigned from Citi after more than six years to become lead electronic quant trader for FX at ING
Hotspot commits to FX Global Code of Conduct
CBOE-owned platform becomes the second FX venue to signal its commitment
FMSB warns of Ficc market vulnerabilities
In its annual report, the body representing the global Ficc market, highlighted areas of concern still needing attention
BGC Financial appoints McLoughlin as Americas CEO
Shawn McLoughlin joined BGC in 2012, bringing more than 30 years’ experience in the financial services industry
Cürex launches pre-trade time-stamping
The new capability will allow Cürex’s customers to prove their compliance with Mifid II
Johnson’s lawyer brands trial a ‘governmental mistake’
On the tense first day of Mark Johnson’s trial, the prosecution claims he saw dollar signs
RBC Capital Markets partners BestX for TCA
The Canadian bank is the latest FX dealer to sign up for the transaction cost analysis service