Icap
Trading places, April 16, 2012
Appointments at Man Group, Renaissance Capital, Icap, TD Securities and Tabb Group, while HSBC loses head of eFX sales for Emea
Currency floor breach raises questions over SNB policy
The Swiss National Bank should consider enlisting the help of top-tier banks to keep EUR/CHF above 1.20, forex traders suggest
FXall enters monthly volume contest with strong March results
Average daily volume on FXall in March was $90.4 billion, up 9% on March 2011
Depressed FX trading volumes continue in March
Average daily spot volume on EBS and Thomson Reuters remained low in March in comparison to previous years, both platforms have reported this week
Senior EBS product managers depart Icap
Departures of Brian Andreyko and Chip Defilippo are understood to be part of a broader restructuring of the electronic broking business
Gil Mandelzis to replace Rutter as EBS chief
David Rutter is to leave Icap, as the interdealer broker restructures its electronic broking business
FX market looks to Brazil for LatAm returns
Brazil is a key area of focus for FX banks and interdealer brokers this year, despite the erratic behaviour of the Brazilian real towards the end of 2011 and the challenges arising from the currency’s non-convertibility. Melanie White reports
Banks welcome Tradition-Icap’s volatility fix
The daily fix could pave the way to the creation of new volatility-based derivatives, say participants
Trading places, February 20, 2012
Appointments at MarketAxess, Esma, Iosco and the WMBAA
Algos must be prepared for risk events, experts warn
Safeguards are needed for algorithmic execution tools to navigate risk events such as platform outages
Icap's Spencer: 'not a prayer' of UK agreeing to FTT
Proposed EU trading tax would be vetoed by UK, says Icap's Spencer - if not, the broker will move its London HQ to New York
Growth of ruble spot market depends on settlement issues, say brokers
Average daily volume in the ruble spot market is estimated to be around $20 billion, but participants say it could grow by four times if institutions embrace real-time gross settlement and the ruble becomes a CLS currency
Erroneous Swissie price on EBS sparks anger among traders
Foreign exchange traders express concern after an incorrect EUR/CHF price found its way from the EBS training environment onto the live market
Trading places, January 23, 2012
New appointments at Icap, Henderson, CLS, CIBC and Cloud Trading Technologies
Icap targets Indian rupee fix on EBS by Q3
Investment in capabilities for currencies of Brazil, Russia, India and China is set as a top priority for 2012 by EBS senior management
Review of 2011
As 2011 draws to a close, FX Week looks back on a year in which the decisions of politicians increasingly came to define the direction of major currencies, while the progress of regulatory reform was stunted by missed deadlines and challenging technical…
Camilla closes record FX trade for Icap’s charity day
The Duchess of Cornwall closed a $27 billion FX trade between Barclays and Citi, believed to be the largest FX trade ever
Ex-EBS Toland to join LMAX
Icap's ex-head of EBS sales for Europe and North America will join LMAX as head of exchange strategy in January
FX Week Europe: Decimalised pricing gaining traction
The advent of decimalisation on the majority of FX trading platforms has led to a number of challenges for traders, conference speakers argue
FX Week Europe: Prepare for worst-case scenario in the eurozone
Panellists at FX Week Europe discuss the implications for the forex market of a possible exit of one or more eurozone members from the single currency
Icap, Tullett Prebon and Thomson Reuters come out on top in broker awards
All three brokers have invested in emerging markets as well as capacity and resilience, rendering them more successful in challenging market conditions
Emerging markets focus to boost NDFs despite clearing costs
The growth of the non-deliverable forwards market will not be hit by impending clearing laws
Eurozone crisis boosts September spot volumes
Falling confidence in the eurozone and the flight to and from commodities-based currencies has resulted in record volumes, platforms report