Currency
Northern Trust promotes Arteta to head of Americas sales
Based in Chicago, Arteta brings a wealth of FX and fixed income experience to the role
LCH brings automation to ForexClear
Firm collaborates with Genesis to automate exercise and options expiry
LMAX reports 21% increase in trading volumes
Activity in New York and Asia reportedly boost activity across group’s exchanges
Where prosecutors stumbled in Bogucki and Cartel cases
Courtroom losses suggest failure to read the FX industry correctly before jumping into action
Robert Bogucki acquitted of fraud charges
Judge throws out case against former Barclays trader, citing insufficient evidence to convince a jury
The ‘Cartel’ three: not guilty, but still paying a penalty
Despite their acquittal, the former FX traders face obstacles in trying to rebuild their careers – meaning the DoJ didn’t fail, says one expert
Wells Fargo: US-China trade spat still a drag for Aussie
Dispute will keep trade-sensitive currencies under pressure, with a deal unlikely before March 1 tariff deadline, says strategist
Zimbabwe sets up interbank FX market with new dollar-pegged currency
Central bank governor pledges stability, but analyst says initiative is “cancerous”
JP Morgan rolls out algo workflow tool on Bloomberg App Portal
The integration should make the bank’s Algo Central software and FX trading services more accessible
BNY Mellon opens Program Trading Desk in FX business reshuffle
Bank adds segregated execution desk to boost confidentiality for clients with high-level transactions
Yuan takes key international step on Myanmar move
Yuan and yen added as trade-settlement currencies, as dollar use falls
North American corporates lose $11bn on FX volatility
Almost six times as many companies reported currency headwinds in third quarter, FireApps analysis shows
Taendler to retire from Goldman Sachs after 20 years
Recently named a partner, Christopher Taendler helped grow the FX franchise across EM and developed markets
Dollar looks set to hold its own in 2019 – Informa Global
It’s a struggle to find sustainable alternatives to the greenback among G10 peers, FX fundamentals manager says
StanChart to pay $40 million for attempted FX manipulation
UK bank says it now has appropriate control framework in place
Johnson’s counsels press DoJ to clearly explain his crime
Zooming in on the trade contracts, lawyers plan to argue the US’s “ever-shifting” theories show prosecutors are unclear what crime he committed
HSBC settles millions of FX transactions with DLT
The bank is exploring using the technology to help corporates manage FX flows better
Dovish Fed improves conditions for EMFX – Morgan Stanley
Weakening investment outlook for US suggests economic performance falling back in line with rest of world
OTCXN adds OSL as core liquidity provider
OSL is among the largest digital asset brokerage firms in Asia-Pacific
BNY Mellon: 2019 will see support-side innovation
Get excited about innovation, but don’t take your eye off the fundamentals
FireApps: digitalisation of financial markets will accelerate
Banks are no longer just talking about digitalising their business; they have allocated hundreds of millions to it, says Wolfgang Koester
Northern Trust: tailoring algos to suit client needs
Interest in algorithms is growing across the FX industry
US will not argue fiduciary duty in Bogucki case
Judge orders the issue is irrelevant and the US cannot attempt to prove its case on that theory
Fed’s room to hike spells trouble for EMs – Scotiabank
Central banks’ interest rate tightening will make it hard for emerging markets with large deficits