United States (US)
BNY Mellon taps Moumdjian for global FX sales role
BNY Mellon unifies its global sales team under the leadership of Harry Moumdjian in the newly created role of global head of FX sales
Steck trades TD Securities for RBC
Currently on gardening leave, Tonia Steck is expected to start her new role in September
Central bank digital currency a ‘terrible idea’, US Congress told
Move to central bank cryptocurrency would make Fed “overwhelming credit allocator” – researcher
SEB: growth and commodity prices are key for emerging markets
If growth continues to slow, the EM FX sell-off will be prolonged
SGX is launching FX futures solution
New feature lets market participants trade customisable FX futures contracts in an OTC fashion
Peso volatility pulls millennials to currency trading
Interest is incentivising local and international companies to invest in education initiatives to meet budding demand
Patrick Pisapia leaves Nomura
Pisapia spent two years on the bank’s FX institutional sales desk
Awards: smartTrade
SmartTrade gains a highly commended mention for Best Liquidity Aggregation System Provider at the 2018 FX Week e-FX Awards
Awards: Kx Systems
Kx Systems has been voted Best e-Surveillance Provider at the 2018 FX Week e-FX Awards
Awards: Fenics
Fenics has been voted Best e-FX Software Provider at the 2018 FX Week e-FX Awards
Awards: Broadway Technology
Broadway Technology has been voted Best Liquidity Aggregation System Provider and was highly commended in the Best e-FX Software Provider category at the 2018 FX Week e-FX Awards
Awards: Citi
Citi has been voted Best e-FX Platform for Corporates and was highly commended for Best FX Prime Broker Bank at the 2018 FX Week e-FX Awards
Katz’s sentencing adjourned until January
Jason Katz is the first trader to admit to wrongdoing
Robert Bogucki loses motion to dismiss
But judge says the two counterparties to the trade have no standing to sue Bogucki or Barclays
Global slowdown is a growing worry, says CMC Markets
Signs of softening growth are accumulating, while trade tensions drag business confidence down further
Venue competition heats up as e-FX volumes plateau, says Greenwich
Following 74% growth in electronically executed FX in 2007-14, volumes flattened for four years
Mark Johnson out on $1 million bail, pending appeal
Former HSBC trader can visit the UK after putting up more cash
HC Tech: it’s time to speak up
Recent industry survey shows HC Tech is biggest liquidity provider in US by market share
China’s response to tariffs vital for EM units – City Index
US-China trade dispute could slow pace of hikes, leading to potential relief rally in EM currencies
NYDFS fines Deutsche Bank $205m for FX
Fines relate to practices between 2007 and 2013, when Deutsche was the world’s largest dealer by market share
Northern Trust partners Lumint for FX solutions
The partnership supports further innovations in hedging programme management and analytics
Phil Weisberg joins oneZero’s advisory board
The firm hopes to use his institutional market insight as it seeks new opportunities
Mark Johnson out of prison on bail
Former HSBC currency boss allowed out on bail while his appeal is pending
CIBC remains bearish on dollar for medium term
Canadian bank’s currency strategist reckons the issue of twin deficits will thwart the greenback’s march