News
Renminbi’s share of global payments rises slightly in July
China's currency retakes fifth place, but its overall share shrinks again, Swift says
Nippon Life gains third-party access to CLS
The life insurer is the first non-bank financial institution to settle FX trades with CLS in Japan
ADS Securities rolls out bitcoin CFD trading, upgrades platform
Product available to broker's Mena clients on MT4 platform; new version of Orex includes spread-betting for UK clients
ForexClear exceeds $1 trillion of monthly cleared FX trades
Milestone reached ahead of the second tranche of uncleared margin rules taking hold in September
BNP Paribas partners BestX
The French bank is the latest FX dealer to sign up to the firm's TCA services
JP Morgan clears first client NDF trade on ForexClear
The trade comes ahead of this month's widened bilateral margin rules
Clearing will grow, but co-exist with PB, panellists say
CCP fees need to come down, NDF clearing expected to grow, but structured products will remain the domain of prime brokers
Van Zegveld to exit Solid Trading
The Dutch ECN's head of business development leaves after four years
Michelmore to become Apac head of buy-side sales at EBS
Based in Singapore, Michelmore will continue to report to Patrik Nagel, global head of buy-side sales
Watson joins Tradition as global head of market data sales
The former chief executive of ADS Securities Europe moves to broker Tradition in London
Mark Johnson's trial to start on September 25
Jury selection to begin in alleged front-running case; judge postpones original date by a week at status conference hearing
Woods swaps BNP Paribas for Morgan Stanley
Ciaran Woods remains in FX sales, but moves from London to Hong Kong
Trade barriers could see RMB weaken in retaliation – panellists
China dealt with unpredictability of US administration by letting RMB appreciate, but a trade barrier could reverse this trend
SocGen appoints Dumas for institutional sales role
Florian Dumas joins Societe Generale from BNP Paribas in newly created Asia-Pacific role
Singapore to play leading role in GCC adherence, Loh says
Speaking at FX Week Asia, Jacqueline Loh stressed the importance of adherence to the FX Global Code of Conduct
DoJ fears FX civil suit may compromise criminal cases
It moves for judge to stay staff depositions at seven banks for fear of witness intimidation
FCA grants APA approval to Abide Financial
Authorisation allows Nex Regulatory Reporting, powered by Abide, to provide enhanced services ahead of Mifid II
TD Securities adds North to e-FX trading team
Martyn North will manage the bank’s e-FX platform in Europe
O’Hara promoted to head of PB and clearing, Americas at SocGen
John O’Hara will retain FXPB and clearing responsibilities
StanChart hires Greiner for G10 trading
David Greiner recently worked at Nomura
Cahill trades KCG for Hotspot
Mike Cahill brings a wealth of sell-side experience to his new role as a FX sales director
ECB minutes reveal concerns over euro strength
Single currency has risen almost 6% over last three months, touching $1.1906 - highest since January 2015
Malaysian central bank slams Ice and SGX over ringgit futures
Making them available offshore goes against foreign exchange rules, says Bank Negara Malaysia
Patel takes sabbatical, Swami named global options head at Citi
Chirag Patel to take sabbatical after short transition period; set to return next year in a 'senior' trading role