United States (US)
Conlan moves to San Juan Mercantile Bank & Trust International
The industry veteran was global head of FX sales at INTL FCStone for over a decade earlier in his career
Rabobank: dollar to remain moderately strong
Despite recent Fed cuts, proactive G10 central banks and interest rate differentials still supportive for greenback
Byne joins Northern Trust
eFX sales specialist moves from Citi where he spent more than eight years
JP Morgan traded $250 billion via NDF algos this year
A fifth of all the NDF algo volumes conducted by JP Morgan’s clients is being internalised
CFTC fines BGC, GFI $25 million for FX options fraud
Regulator says emerging markets FX options brokers used fake bids and offers to induce clients to trade
Institutional crypto interest awaits infrastructure
Start-ups and entrenched players aim to bring over custody, execution and post-trade capabilities
Weisberg joins oneZero Financial Systems as executive vice-president
The FXall founder moved to the firm earlier this month
Tradepoint onboards 10 streaming NDF providers for broken dates
The firm sees greater use of algos to trade NDFs in increasingly electronified market
Informa: renminbi range trading likely the norm throughout 2019
Further escalation of trade tensions could send China’s currency to 7.25 in near term
Citi reshuffles FX management
Move intends to foster greater alignment of trading across the bank’s major product lines
BIS: FX volumes rise to $6.6 trillion, London trading soars
While the UK capital reinforces its prominence in FX markets, trading in Asian currencies heats up
City Index: yuan likely to weaken as US-China trade war drags
China could depreciate its currency further if tensions escalate
Spotex expands institutional offering with JP Morgan and NatWest
The banks’ prime brokerage desks seek diverse liquidity pools that could lead to better execution for their algos
Goldman Sachs shares algo analytics on FXGO
Bank teams up with Bloomberg for real-time algo order analytics to help client execution
Algo fears spark hunt for neutral checks on FX Code compliance
Banks seek third-party quantitative methods for confirming activities done in their names are aligned with the principles
Capitolis hires Molluso as CFO
Joseph Molluso is set to join the firm in October
Bock takes sales role at CLS in New York
John Bock joins the settlement utility firm from Societe Generale, where he headed e-commerce FX for the Americas
Yount takes up sales role at Euronext FX
Kelly Yount brings more than a decade’s experience in sales, prime brokerage and management to the platform
US senator calls for hearings on Fed’s role in 2020 elections
Republican accuses former NY Fed chair Dudley of trying “sabotage” Trump’s trade talks
Monex: Fed can’t curb dollar strength
Only improvement in global growth will end the strong dollar dynamic
MUFG hires Paster in FX and derivatives risk management push
Paster’s newly created role aims to strengthen MUFG’s markets arm in Americas
Danske overhauls FX technology to rebuff Tier 1 competition in Nordics
Bank inks partnerships on pricing engine, connectivity and algos; tests mobile solution for corporates
MUFG eyes financial institutions, pension funds in expansion
Japanese bank wants to build a broader client base beyond corporates
Crédit Agricole nabs Chow as head of FX sales
Based in New York, Chow will focus on financial institutions in the Americas