Middle East

• Awards

FX Markets Best Banks Awards 2020: Best bank for FX algos, forwards and swaps, and Europe – BNP Paribas

Despite the uncertainty wrought by the Covid-19 pandemic, BNP Paribas‘ history of sensible decisions has allowed it to thrive among the chaos through initiatives such as its interactive algo trading assistant Alix, which allows users to speak and receive…

• 15 Feb 2021

• Tech and data

FX data shows hold, reject divide in G10 vs the rest

Use of analytics can help reduce last look and improve FX Code adherence, says EBS executive

• 24 Mar 2020

• Foreign Currency

Renminbi internationalisation gathers pace

China is continuing its drive to make the renminbi an international currency, as well as opening up its onshore financial system to international investors, thus increasing opportunities to hedge investments in China. Volkan Benihasim, head of FX cash…

• 08 Jul 2019

• Exchanges

Moscow Exchange expands Asia and Middle East presence with Avelacom

Co-operation with tech firm lets exchange improve PoP in London, reducing latency by five milliseconds

• 28 May 2019

• People

Alasdair Macdonald heads to ED&F Man

Newedge veteran will focus on sales for the Mena region

• 01 May 2019

• Awards

Best Banks Awards: Citi

Citi comes second overall, picking up seven accolades, at the 2018 FX Week Best Banks Awards

• 26 Nov 2018

• Emerging Markets

ACI partners ICA to promote FX Global Code in Mena

Financial market association joins forces with Interarab Cambist Association

• 09 Nov 2018

• Trading Systems

Refinitiv expands in Mena, launches sentiment feed in Japan

Clients can access range of markets in Middle East and North Africa

• 08 Nov 2018

• People

Flow Traders to open London office

Amsterdam-based liquidity provider says new premises are part of Emea expansion strategy

• 25 Oct 2018

• People

Olesen to head Emea at Integral

Lars Olesen set to join Palo Alto-based firm in November

• 09 Oct 2018

• People

Sargeant joins Cürex London

Glen Sargeant is responsible for developing customer relationships throughout the UK and Europe

• 06 Sep 2018

• People

State Street appoints co-heads of Emea global services

Ambrosius and Fontaine have worked at the US bank for more than a decade

• 23 Aug 2018

• People

Katz’s sentencing adjourned until January

Jason Katz is the first trader to admit to wrongdoing

• 06 Jul 2018

• Trading

DoJ asks for discovery stay in benchmark case until ‘Cartel’ case ends

US tries to balance need to protect ongoing criminal investigations and lawsuits with civil attorneys’ desire for additional testimonies

• 07 Jun 2018

• People

FX lawsuits: the roundup

The number of cases related to conduct in foreign exchange markets has multiplied. Here is our handy guide to developments so far

• 22 May 2018

• People

Broadway taps Evelina Rosenstein as head of Emea sales

Rosenstein joins from FXSpotStream where she handled sales and new business

• 16 May 2018

• People

DoJ indicts another FX trader on price-rigging charge

US says Akshay Aiyer conspired with other New York-based traders at rival banks to fix prices in Ceemea currencies

• 16 May 2018

• People

360T hires three for senior FX roles

Randy Rupan, Robin Nicholas and Paul Lonsdale join the trading venue

• 09 May 2018

• People

Johnson sentenced to two years in prison

Johnson was taken to prison immediately after the hearing, but lawyers are preparing for appeal argument

• 26 Apr 2018

• People

Irons joins State Street as head of sales for global exchange

Richard Irons brings more than 30 years’ experience in financial services and technology

• 24 Apr 2018

• People

Saleh joins ADS Securities to run Mena retail FX sales

Nael Saleh joins from GKFX where he was director of operations for Mena

• 12 Apr 2018

• Retail

ADS Securities adds more cryptocurrencies to Orex platform

The firm reduces spreads on bitcoin and ethereum to lower clients’ trading costs

• 10 Apr 2018

• Trading Systems

FXSpotStream adds State Street as LP

Execution venue records highest-ever average daily volumes in January

• 07 Feb 2018

• Regulation

BNP Paribas pleads guilty to FX price-fixing

French bank regrets the misconduct and will pay $90 million to resolve investigations into its currency trading practices

• 01 Feb 2018