News
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
New Change FX to supply mid-rates to LCH’s ForexClear
The mid-rate will be used for determining underlying spot rates at the point of expiry for FX options
Bank of China HK to provide liquidity on EBS Direct
The addition will provide deeper liquidity and more transparency in CNH, already a top-three currency on the venue
FastMatch to hike rates from July
Following its $153m acquisition by Euronext, the platform has a clear path to expand into Europe and Asia
Dinneny to drive b-next growth in Americas
He joins from Thomson Reuters, where he headed the compliance, surveillance and derivatives team
Platforms voice support for Code, but shy away from policing clients
While venues overwhelmingly say they will adhere to the Global Code, they won't turn away clients who don't
Bhatti joins Lloyds’ markets team
Omer Bhatti has held various positions in Ficc risk mitigation for several years
Silverman to lead first ECN launch in three years
The new spot FX venue, Fenics FX, comes from BGC Partners, with Hotspot co-founder Howard Silverman at the helm
Nomura hires Pio for sales role
Jeff Pio left Barclays in January