News
XTX moves to zero hold times
The liquidity provider eliminates discretionary latency buffers in the last look window when trading with direct counterparties on a disclosed basis
China FX reserves rise for sixth consecutive month
PBoC figures show $24 billion increase, bringing the total stockpile of reserves to a nine-month high
Davison to head Emea sales at Quantitative Brokers
Tony joins from technology provider Celer Technologies
FX e-trading near saturation, says Greenwich
But the next stage in the success story is due, the financial consultancy says
EBS Direct is moving to automatic full-amount for some orders
Manual orders of five million base currency or more will be automatically executed as full-amount tickets from September 5
FreemarketFX appoints Crosswell to the board
Charlotte Crosswell becomes a non-executive director at the peer-to-peer currency exchange
ACI seeks new managing director, extends deadline
Taylor’s contract is set to expire; new deadline of August 21 for applications
Giancarlo confirmed as CFTC chairman
US Senate also confirms two commissioners
Former Deutsche COO Ritchotte invests in Cobalt
Deutsche Bank’s former chief operating officer bets on tech firm’s future success
ING launches EM-USD indices on Bloomberg
The indices are tradeable benchmarks covering 12 emerging market currencies
Pragma launches triangulation algo for crosses
New functionality will enable clients to achieve better execution when trading illiquid currency pairs
BoE appoints Ramsden as deputy governor for markets and banking
He replaces Charlotte Hogg, who resigned in March
EBS FX Benchmarks are a unique proposition, says Taylor
Usage scenarios could include benchmark replication, portfolio management and structured products, says Nex Data MD
Standard Chartered hires in London and Singapore
Patodia becomes head of G10 FX options for Asia; Suave joins the London corporate sales team
Currenex and EBS mull venue-hosted last look
Platforms consider becoming third-party operators of last look to separate the function from liquidity providers
Investors must sue outside US to recoup FX losses, urge lawyers
Lawyers say the extent of collusion is clear, following recent settlements by five banks
Thomson Reuters completes Mifid II desktop enhancements
The firm starts onboarding clients to its improved multilateral trading facility
Deadline for compensation claims in FX benchmark settlement nears
“You will not simply receive a cheque in the mail, even if the actions of the banks harmed you,” says Battea chairman
Nasdaq boosts surveillance offer with Sybenetix acquisition
This will significantly expand the US stock exchange’s monitoring solutions for the buy side
ECB outlines approach to implementing FX Global Code
Adherence to the code of conduct will be a prerequisite for membership of the ECB’s Foreign Exchange Contact Group
London FX trading at three-year high, despite Brexit
Turnover hits daily average of $2.44trn in April, 12% higher than in October 2016 and up 10% on a year ago – Bank of England
CFH promotes Holst to chairman, Maloney to chief executive
The prime-of-prime broker reshuffles its senior ranks
Stromme exits XTX Markets
One of the first employees in Gerko's FX team at GSA Capital, and later XTX Markets, heads off to ventures new
Deutsche Bank promotes Altunis to ICG co-head
Kenan Altunis previously headed the institutional FX sales team