News
US super-regionals step up FX game
Citizens Bank and SunTrust Bank have been expanding and investing more in their FX platforms and talent
LCH SwapAgent completes first trades
Citi and Deutsche Bank executed the first trades, a Swiss franc-denominated interest rate swap and euro-denominated inflation swap
TraderTools adds RMB and MXN to EM liquidity pool
The platform provider has launched 16 currency pairs in its Unique Liquidity Network in the last six months
Bogue and Hamilton exit FastMatch
The head of operations for the trading platform and the head of sales for Emea leave the recently-acquired venue
Dave Reid to join Deutsche Bank as global head of FXPB
He spent more than 10 years at Citi in a similar role
XTX appoints Niki Beattie as non-executive chairman
She is the founder and managing director of Market Structure Partners, an independent consultancy
PBoC scraps reserve requirements as capital flows ease
Renminbi slides against dollar as Chinese central bank reversed two measures it put in place to fight speculation
Employees get deposition stay in FX antitrust case
Depositions and interviews with bank staff in benchmark rigging case delayed until December 8
Asian corporates bullish on euro and sterling
Research by East & Partners shows a bullish case for EUR/USD and GBP/USD from business across Hong Kong, Singapore, Malaysia and the Philippines
TradAir upgrades full-amount functionality
Changes will provide direct relationship-based liquidity to clients and optimise the execution between sweepable and full amount liquidity
FlexTrade hires Wolf to run FX business development
Wolf joins the firm from EBS BrokerTec
Integral’s OCX to operate as MTF
Market participants using OCX will be able to comply with Mifid II, including banks under the systematic internaliser regime
R3 unveils DLT regulatory reporting prototype
Technology provider works with Financial Conduct Authority and RBS to build continuous regulatory reporting solution
Post-trade transparency is the next focus – Chris Salmon
After September 21, the closing date of the last-look review, post-trade transparency may require further guidance
CFH Systems opens regional office in Singapore
The office will be headed by Alex Mackinnon, who gains overall responsibility for Asia
Severi joins Curex’s business development team
Andre Severi will be responsible for developing the firm’s client base in Europe and the Middle East
GTX to launch full-amount trading on its ECN
Gain Capital’s trading venue offers full-amount execution as it seeks to reduce market impact
Saywell to lead institutional market research sales at BNP Paribas
In this newly created role, he will focus on the French bank’s top institutional clients
Fischer resigns from Fed board
Vice-chairman of Board of Governors will leave on or around October 13
James Taylor joins BNY Mellon
Taylor is a key hire for the bank whose markets business is undergoing an FX transformation
Active managers outperform in first half of 2017
Moderate risk portfolios outperform 60/40 portfolio represented by S&P 500 & Bloomberg Barclays US Aggregate Bond Index
Former RBS staffers Barnes and Richardson launch FX consultancy
Mark Barnes and Jason Richardson set up FX Xperts, focusing on front-office services in EMFX
G10 FX revenues sink to lowest since 2006 – Coalition
Revenues in H1 2017 fell to their lowest level since Coalition launched its Investment Banking Index in 2006
IS Prime reports stunning results
Prime-of-prime provider experiences 900% rise in profits