Spot market
Credit Suisse cuts staff in FX sales and trading
Five employees are leaving Credit Suisse in London, including the head of European hedge fund FX sales, two spot traders and an options trader
Icap lands emerging markets award as NDF volumes grow
Icap has topped the spot-broking category once again and has also picked up the award for best broker in emerging markets, in recognition of its strength in NDFs
Citi bumps up awards tally to scoop eight categories
The launch in January of Velocity 2.0, the latest incarnation of Citi’s FX platform, has been a key driver of its success in a number of different areas this year, according to the bank’s FX management team
New FX roles under Rohrbaugh at JP Morgan
JP Morgan last month appointed a new head of spot and a new head of forwards as part of a management reshuffle under Troy Rohrbaugh
The platforms of 2012: Hotspot FX
Knight Capital, the parent company of Hotspot FX, has endured a torrid month following a software glitch on August 1 that cost it $440 million, but Hotspot appears to have weathered the storm. In the second of a series of articles assessing the…
Volcker rule could hurt liquidity in FX spot market, participants warn
Foreign exchange swaps and forwards should be exempted from the Dodd-Frank ban on prop trading, or else liquidity in the spot market could suffer
Oanda unveils new social networking-based spot platform
Oanda's fxUnity platform, unveiled this week, is aimed at making FX trading simpler and more user-friendly for aspiring currency traders
BNP Paribas rolls out Cortex FX single-dealer electronic platform
The French bank today unveiled its long-awaited e-commerce platform, which replaces the white-label FX eTrader offering it launched in late 2009
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
FX swap cost could rise from €279 to €2,779 under EU tax, warns Oliver Wyman
Research published today on behalf of the GFMA global FX division highlights the potentially punitive impact of the financial transaction tax on the FX industry
BMO hires Richard Brook in spot trading
Ex-JP Morgan trader will start at Bank of Montreal in January
RBS confirms Corbett appointment in spot
Nomura's ex-head of G-10 spot in London will report to former colleague James Pearson at RBS
Citi proves trading mettle in tough year for spot
Citi picks up six awards this year and climbs into second position overall, having effectively navigated the volatility that resulted from intervention in the yen and the Swiss franc
The renminbi's road to success
The renminbi is on the up, but is it climbing fast enough? Farah Khalique talks to currency strategists and a global head of FX structuring about the performance of the currency and future trends
Two FX traders depart Nomura
Sami Amara and Yoshi Koska have both left the bank in London
Loizou joins Anello Asset Management
Stavros Loizou joins from Lewis Charles Securities and will manage the Mantis Program, which will invest across equities, fixed income and G-10 currency pairs
Options traders sense SNB running out of steam
Options traders are betting on further appreciation of the Swiss franc, following comments from the Swiss economy minister that Switzerland will have to put up with a strong currency
Pearson joins RBS to head spot trading
Royal Bank of Scotland confirms high-profile hire of spot trader James Pearson from Nomura
Feller replaces Cousins as Westpac’s head of spot
Reto Feller joins the Australian bank from BlueCrest Capital Management
Best retail platform: Citi
Citi wins top spot in retail category, in recognition of the success and growth of CitiFX Pro since its launch in 2008
Best electronic broker: EBS
Icap Electronic Broking has consistently introduced new innovations to meet the demands both of manual and high-frequency traders, says chief executive David Rutter
HSBC recruits Thursfield in EM spot
Emerging market FX trader joins from UBS
Hong Kong fixing sets benchmark for CNH spot
Hong Kong interbank participants have created the first US dollar/offshore renminbi price fixing, giving the city first-mover advantage in renminbi products such as derivatives
Spotlight on: Jas Singh, Thomson Reuters
The global head of treasury at Thomson Reuters talks to Joel Clark about the challenges of managing the firm’s flagship FX matching platform and the decisions he has had to make relating to high-frequency trading, options matching and decimalised pricing