News
Phil Weisberg joins AxiomSL
Thomson Reuters' former global head of FX becomes a strategic adviser
Challenger platforms hot on the heels of legacy peers
FastMatch's volumes doubled year-on-year, while GTX saw volumes rise 50% over the same period
Saxo signs up to FX Global Code
The Danish bank is the second firm to commit after Barclays
UK clearing houses could be moved to European Union
European Commission proposal comes days before divorce negotiations are set to begin between UK and EU
‘Cartel’ three surrender as lawyers question efficacy of DoJ case
US DoJ presses on with Obama-era promises to prioritise prosecution of individuals and stop corporate wrongdoing
ADS Securities appoints Chui as head of brokerage risk
Abu Dhabi-based Fabian Chui joins from IG Group
Tibor Gergely joins UniCredit
Gergely joins the Italian bank after spending six years at Bank of America Merrill Lynch
Northern Trust launches FX algo suite
The bank aims to deliver greater transparency and flexibility to clients
Michael Davie returns to LCH to lead rates business
Davie takes over from Daniel Maguire, who became chief operating officer in April
Broadridge and Spence Johnson join forces
The strategic alliance enables asset managers to analyse retail and institutional data together
Nedeltchev sails to Credit Suisse
Kristian Nedeltchev will focus on FX and emerging market products for French-speaking clients
World Bank bets on compression for emerging market currencies
New York-based start-up LMRKTS gets backing to support illiquid markets
TradAir’s Geller steps down as chief executive
Illit Geller spent seven years at the helm of the front-office e-FX trading technology provider
Campbell Adams leaves ParFX
Adams is responsible for randomisation as a practice coming to financial markets
UK arrests Stuart Scott in HSBC FX front-running case
Ex-HSBC employee accused of wire fraud in case involving alleged front-running to make first court appearance on July 31
China FX reserves rise for fourth consecutive month
PBoC figures show $24 billion increase, resulting in fourth monthly reading above $3 trillion
HSBC hires two and moves to build out FX prime brokerage
Ferretti will be responsible for structuring and developing FXPB, while Miller joins as head of institutional sales, Americas
Nomura and options trader Jason Pealy part ways
It is understood the bank let him go in May
China tweaks the fix
CFETS announces intent to introduce a countercyclical adjustment factor to the USD/CNY pricing mechanism
Lulay becomes chief executive of GFT
The passionate technologist has been the firm's chief operating officer for 15 years
Jaatinen leaves Commerzbank
She provided structured FX solutions to global corporates and investors at the German bank
BSO expands Asian connectivity with new Singapore and HK routes
The provider has also boosted speeds by up to 10ms in certain segments of its network
Gentle out and Diehl in at UniCredit
Gentle follows a raft of traders who have left the Italian bank's FX business in recent years
Surprise renminbi strengthening prompts unwinds
“A lot of long [US$] positions were unsustainable and had to be re-evaluated,” says FX structuring head