Trading
trueEX to shut; deal done with crypto venue
Would-be disruptor will exit swaps business on July 19
Record builds synthetic FXPB offering
Specialist currency manager will use tri-party model to move securities collateral between banks
Lawmakers try to halt Facebook’s Libra over privacy and security fears
Swiss-based financial system potentially storing trillions of dollars could be target for hackers
360TGTX to unveil new NDF streaming to aid bank algos
Complementary offering set to go live next quarter
Quinif touches down at HSBC
Brian Quinif left Nomura as it downsized emerging markets FX team
E-FX specialists highlight algo limits
Algos and automation said to struggle in pricing complex macro events
Swiss regulator hunts for hints in Credit Suisse FX probe
Five banks fined, two acquitted as Comco closes market-rigging probes
StanChart to become third bank to set up Singapore pricing engine
UK bank’s e-FX pricing engine in 2020 could consolidate Singapore’s position as Asia’s FX centre
Credit Suisse adds Tretola and Osterman to FX team
Bank says recent hires signal ongoing investment in FX platform and strategic importance of markets franchise
Buy side said to target sell side with Code compliance
Two years in, buy-side participation remains low, as some cite barriers to the adoption of conduct principles
Court considers ‘Wild West’ practices in HSBC frontrunning case
Seeking to overturn Mark Johnson’s conviction, his attorneys argue he violated no laws or industry norms when trading on behalf of Cairn
FX surveillance gets personal in hunt for market abuse
Algorithms underpinning today’s platforms are learning traders’ habits – even their voice won’t escape detection
Curex to launch new market impact tool in June
Aims to give clients a deeper look at the impact of their trading
Simon Potter exits New York Fed
Ray Testa will step in to lead the markets group while a successor is found
GFXC seeks deeper understanding of anonymous platforms
Committee elects Guy Debelle as new chair to replace Potter
HSBC looks to AI to unearth data patterns around commercial activity
As DLT initiative brings forth more data, the bank is looking to improve services for corporate clients
BNY Mellon loses global head of FX options
Sam Osterman joined in January 2018 and ran the newly launched FX options business
Citi revamps algos to improve sweep impact predictions
Bank works to make some aggressive strategies more intelligent when handling liquidity and filling orders
Tradepoint’s ‘all-you-can-eat’ pricing model challenges FX algo market
Fixed-fee for unlimited usage lets clients design algos or pick from existing ones that mimic established offerings
US-China trade war: market complacent in underpricing ‘no deal’
Options or swaps said to still be cheap to hedge if tensions persist
Spot volumes on ECNs nosedive to multi-year lows in April
Volatility reaches levels not seen since 2014
TraderTools to allow banks to white-label forwards and swaps
Firm gears up to give regional banks an algo suite in coming weeks to help market-making abilities
SocGen promotes two as it restructures
Sylvain Cartier heads to Paris as head of fixed income and currencies
European Ficc earnings bounce back in Q1, FX subdued
Nearly all banks saw quarterly Ficc income rise in double digits on increased client activity