United States (US)
Tolat becomes TradAir chief executive
Viral Tolat, former CTO of EBS and Integral, becomes chief executive of the technology firm
BTIG adds Daly to FX team
Brendan Daly joins as a director
Thomas to lead Morgan Stanley’s e-macro sales team
Matt Thomas was previously in Credit Suisse’s FX and rates electronic sales team at Credit Suisse
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
FX Cartel loses bid to dismiss criminal case
Judge says SFO investigation was a sign the currency traders could be prosecuted somewhere
OTC derivatives values fall to 10-year low – BIS
The most recent slump continues the retreat from gains witnessed in the first half of 2016
360T hires three for senior FX roles
Randy Rupan, Robin Nicholas and Paul Lonsdale join the trading venue
Greenback to ease again after recent lift – CBA
But both the euro and sterling are set for appreciation due to policy tightening and dollar weakness
Goldman Sachs hit with $54 million NYDFS fine
Regulator slaps bank with fine for unsafe and unsound FX practices between 2008 and 2013
Zografos joins FastMatch in sales
Nicholas Zografos takes on sales role at FastMatch New York, swapping BNP Paribas for the trading venue
Bogucki hearing scheduled for May 23
Defence lawyers are set to argue that the charge is time-barred and not applicable to this case
Barings hires Smart for research role
Barings has named Christopher Smart as the head of the newly created macro and geopolitics research unit
Dollar rebound on cards, but no respite long term – ABN Amro
The greenback's prospects remain negative in the long run, but sterling may have a positive 2019
Johnson sentenced to two years in prison
Johnson was taken to prison immediately after the hearing, but lawyers are preparing for appeal argument
Kamrath joins crypto-tech company Rubicon
Ray Kamrath was previously the global head of FX at Jefferies
Former Wells Fargo FX trading head sues for wrongful termination
Simon Fowles claims he was fired days before he intended to alert regulators of a payment-incentive plan that fostered greed
CIBC is bearish on greenback for remainder of 2018
The firm says the dollar is overvalued, and facing a convergence of growth and monetary policy
NY attorney general launches inquiry into cryptocurrency exchanges
Thirteen major virtual-currency trading platforms must complete a questionnaire on their fees and operations by May 1
McDermott to join SocGen as Americas FXPB head
Brian McDermott is set to join Societe Generale on April 23, after resigning from Traiana
FRTB threatens dynamic FX hedging of capital ratios
Industry says recent Basel proposals are unclear and retain burden of pre-approval for hedges
FX veterans launch Global Code consultancy
Nick Downes and Julian Gladwin form Axiom Global Advisors to independently assess firms’ preparedness for adherence
CLS volumes dip in March, but it’s a record Q1
The settlement utility records average daily volumes of $1.87 trillion for Q1 2018
Pragma commits to FX Global Code
The vendor says it wholeheartedly supports the aims of the 55 principles
Mark Yallop joins OpenFin
He is appointed as a non-executive board director