FX Markets - Vol 25 No 14
Articles in this issue
No full disclosure on FX scandal in 2014, says FCA's Wheatley
Martin Wheatley, head of the UK's Financial Conduct Authority, says ongoing investigation unlikely to be concluded this year; laments prevailing culture of ‘ethical flexibility'
BAML chief dealer in New York departs
Milko Campusano has left Bank of America Merrill Lynch after 12 years, departing shortly after the head of spot for EMEA in London
Barrier options hedging could come under scrutiny in fixing probe
The way FX traders hedge barrier options in the lead-up to expiry has been called into question by former traders at major banks
FSB may publish FX benchmark recommendations before November
The FSB's foreign exchange steering group may recommend changes to infrastructure around benchmarks and wider infrastructure sooner than previously thought
Banks looking to back bitcoin with new exchange
Digital currency bitcoin is set to be launched on an NYSE-comparable exchange this year with the backing of the institutional market
EBS Direct suffers outage, trades unmatched overnight
Glitch started in Asian trading but did not affect EBS Market platform
BNP Paribas emerging markets strategy head departs
Global head of emerging markets strategy is moving to the buy side after nearly five years at BNP Paribas
Trading Places, April 7, 2014
Hedge fund sales hires at SEB; Icap loses Americas executive director; Rainer-Marc Frey to leave UBS board
European MTFs in limbo over CFTC compliance ahead of May 15 deadline
European platforms left hanging as CFTC compliance still in doubt despite rapidly approaching deadline in May
Lloyds Bank removed as defendant from FX lawsuit
Lloyds Bank is no longer a defendant in the FX class action lawsuit in the US, while BAML and BNP Paribas have been added to the case
CLS warns Alice ruling may impact all financial companies
Legal dispute with Alice Corporation over technology patent now with US Supreme Court
Manipulation suspensions reach salespeople
UBS and Deutsche have implemented further suspensions, with the German bank seeing the first salesperson suspended in the ongoing FX probe
Shuster replaces Leclercq as Crédit Agricole head of FX
Crédit Agricole rates trading chief in the US assumes Vincent Leclercq's former role at the bank
FastMatch NY suffers trading delays
'Short-lived slowness' affects HFT spot platform due to excessive activity
Buy-side firms approach BoE to take more active role on FXJSC
Large buy-side firms keen to take a more active role on FXJSC after allegations dealers manipulated foreign exchange benchmarks
Trading platforms hope for end to 'Truman Show Market'
Trading platforms are looking to expand into new areas and asset classes to combat stagnant volumes
