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
Deutsche merges OTC and listed derivatives clearing
Markets Clearing will combine the bank's existing clearing capabilities across FX, rates, credit, commodities and equities
CME plans to clear all FX products, despite probable exemption
Swaps and forwards will be part of the exchange group's FX clearing initiative as banks will need to clear them if used to hedge an option
BAML's John to join Citi in spot trading
Anthony John has left BAML alongside senior FX trader Graeme King
Credit Suisse hires Lawes from BAML
Spot trader joins Swiss bank as Oleg Grishin hired in Singapore and Magda Rakita departs in London
FX technology spend will double by 2013, says Celent
Research estimates total spend across both the buy and sell sides will rise from $1.23 billion in 2010 to $1.83 billion in 2013
Spotlight on: Kevin Rodgers, Deutsche Bank
Deutsche’s global head of FX spot, e-trading and derivatives talks to Joel Clark about how the bank is positioning the different elements of its FX business to satisfy the changing demands of its clients and the evolving regulations
Deutsche Bank makes senior hires and promotions in London and New York
Jennions and Winder resurface at Deutsche after resigning from Morgan Stanley, as Justin Gray joins from Barclays
Brooks departs Société Générale in New York
French bank loses its head of FX options trading in New York
Deutsche Bank promotes Rodgers to new FX role
Former head of FX derivatives takes on expanded role as spot and options businesses merge
Citi to provide PB services to brokers on FX Bridge options platform
Citi has become the second bank to provide foreign exchange prime brokerage (PB) services and options liquidity to brokers that use the FX Bridge Pro Trader Plus platform to offer FX spot and options trading to their clients.
Eight pilot SurfaceExchange FX derivatives platform
SurfaceExchange is piloting its anonymous FX derivatives trading platform with eight traders and plans to go live at the end of the first quarter.
BoE: High-frequency traders raise risks of liquidity event
The foreign exchange market needs to address the increasing role of high-frequency traders as market-makers to insure against a liquidity event, says Michael Cross, head of the foreign exchange division at the Bank of England (BoE).
Gorra leaves RBS
Peter Gorra, head of G-11 foreign exchange spot trading for the Americas at Royal Bank of Scotland, has left the bank, according to market sources.
Exchange volumes continue rise in August
CHICAGO – Volumes in foreign exchange products on the Chicago Mercantile Exchange were up 15% in August, with 11.7 million contracts traded a day on average, the exchange said last week.
Turnover reaches $4 trillion
Trading between banks and the non-bank financial institutions surpassed interdealer volumes, reveal preliminary statistics from the Bank for International Settlements' (BIS) triennial foreign exchange survey.
CLS year-on-year volumes up in July
NEW YORK - CLS experienced a year-on-year rise in volumes settled over the system in July, but reported a decline from June, reflecting a drop in market volatility.
Yield strategy delivers in July
LONDON - Currency managers using the yield strategy were the best performers in July, benefiting from improving European economic data and positive banking stress tests, shows research from Royal Bank of Scotland (RBS).
Global forex growth on the up
GLOBAL - Global foreign exchange growth increased this year from October 2009, as investor confidence in the FX market has returned following the global financial crisis, despite concerns over the eurozone.
Spot activity levels up year-on-year in June
LONDON - Electronic brokers reported a marginal rise in trading activity in June versus the same period last year.