Europe
ECB’s Mersch attacks Facebook’s ‘cartel-like’ libra structure
Senior ECB official accuses currency project of “treacherous promises”
ExodusPoint recruits Jim Iorio
Nex’s former global head of sales and head of FX Americas joins hedge fund
Gavin Bambury appointed new Oanda CEO
Former Integral CTO replaces Narasimha, who stepped down in February
Bayle de Jesse appointed adviser to ECB executive board
He is set to become chief executive officer of CLS in December
David Ireland set to join XTX as CFO
Former CFO of Nex Optimisation starts his new role next month
ECB to assess Croatian banks in euro membership prep
Croatia could join the eurozone by 2024
Tradepoint’s passive triangulation algo for synthetic crosses
Product allows regional banks to show passive interest in non-existent pairs where there is no direct market
Collective UK action brought against FX cartel banks
Banks targeted are those that took part in the ‘banana split’ and ‘Essex Express’ cartels
Esma warns retail brokers over ‘pro’ push
Regulator warns brokers not to promote professional status to unqualified investors
Dual IM relief may slash 2020 docs burden by 90%
Isda sees around 8,000 counterparty relationships lifted from phase-five repapering
IM big-bang split confirmed with new $50bn threshold
Addition of sixth compliance phase looks set to slash September 2020 in-scope entities by more than half
Best FX ECN of the year: Cboe
Cboe voted Best FX ECN
Best FX market data provider of the year: CLS
CLS voted best FX market data provider
Gölitz joins SocGen Securities Services
Klaus Gölitz moves from FX sales and trading role at State Street
Targui promoted to co-head role at UBS
Jefferies’ former head of FX Apac sales takes new post after four years at UBS
Swiss regulator hunts for hints in Credit Suisse FX probe
Five banks fined, two acquitted as Comco closes market-rigging probes
FX surveillance gets personal in hunt for market abuse
Algorithms underpinning today’s platforms are learning traders’ habits – even their voice won’t escape detection
Nomura grows digital wholesale office with global e-trading strategy team
Bank accelerates expertise in electronic trading space with group of 100 international specialists
CLS names Marc Bayle de Jesse as new CEO
ECB director set to join the FX settlement firm in December
Austria imposes permanent restrictions on CFDs, bans binary options
In making Esma’s curbs on CFDs lasting, the regulation follows action by the Netherlands and others
Swift announces trials with ECB instant payment system
Linking ‘Swift gpi’ to ECB’s Tips will greatly reduce settlement delays, consortium says
Mario Draghi dismisses crypto assets
Head of European Central Bank warns of high risks
Currency losses at North American corporates rise to nearly $21 billion
Currency gyrations from geopolitical events continue to create headwinds for some businesses
Data reveals Emir swaps report matching rates at 40%
Figure is better than some feared, but still calls into question the value of dual-sided reporting