News/Wholesale
Brandon-Bravo quits GTX
FX veteran with more than three decades of experience leaves the ECN after six years
Houston understood to be seeking exchange role
Deutsche Bank's former FXPB head is believed to be eyeing a senior role at a major exchange
FXCM study underlines segregated pricing advantages
Retail clients gain better or equal prices than on interbank and futures platforms more than 90% of the time
Iorio departs Barclays after seven years
Jim Iorio, head of global FX and commodities distribution, leaves the UK bank
ECB takes steps to discourage trading on euro reference rate
The European Central Bank delays publication of the euro rate until 15:00 GMT and warns it may delay a whole day if trading activity linked to the rate does not decline
UBS pays $135 million in FX benchmark case
The Swiss bank is the latest to settle civil litigation in the US over the manipulation of FX benchmarks
RJ O’Brien snaps up The Kyte Group
The wholesale broker strengthens its European business as GFI Group offloads one of its subsidiaries following sale to BGC
Standard Chartered sees strong FX volume growth
But growth is offset by margin compression; fellow UK bank Barclays ups war chest for FX investigation to £1.25 billion
Conference delegates blast SNB for Swiss move
The SNB's decision to remove its minimum exchange rate in the franc should have been done with more notice, conference delegates say
Buy-side grapples with fix fee puzzle
Panelists at the 8th FX Invest Europe conference discuss benchmarks, last look and changing industry dynamics
Swiss franc move at forefront of BoE’s agenda
BoE official Andrew Hauser is set to give industry participants an insight into Ficc market reform at an industry conference today
BGC clinches GFI deal as hostile bid draws to a close
Broker succeeds in its quest for rival GFI after drawn-out takeover battle
BGC bolsters European business with RP Martin buy
BGC purchases RP Martin's UK assets, and plans to add Swedish and Dutch businesses to its portfolio as well, pending regulatory approval
Internalisation rates intact despite rising volatility
Extreme price swings could force some dealers to rethink their internalisation ratios, but conditions remain benign for now
More gloom ahead for FX dealers in next two years
Consultancy paints a far from rosy picture for the FX market in the years ahead as technology investment takes centre stage
Traders could face extradition to US in fixing lawsuit
FX participants could face extradition to the US on antitrust charges following a successful attempt to serve justice on an Italian national in April
Concerns mount over USD/RUB benchmark
USD/RUB benchmark methodology said to be open to market abuse while plans to launch a rival hit choppy waters
London RMB clearing bank likely to be Chinese, says RBS
Renminbi trading in London is likely to be run through a Chinese clearing bank, say market participants, following the agreement due to be signed on Monday
Foreign commodity exporters to China seek RMB settlement after US fiscal cliff fears
Foreign commodity firms operating in China are settling via RMB in order to circumvent a potential weakening of the dollar
Industry establishes STP guidelines for offshore yuan
Swift releases guidelines to improve processing for offshore yuan transactions
Read the new edition of FX Invest now!
If anyone needed any more reason to seriously think about employing a foreign exchange policy, then September should just about have done it.
Bank race for offshore renminbi gathers pace
RBC Capital Markets goes live with CNH platform as Deutsche Bank claims new records
HSBC ahead of the game with EM-to-EM focus
HSBC has maintained its lead in emerging market (EM) currencies by adapting its business to focus on the rise in trade between emerging market economies. But the trend sees EM-focused Standard Chartered hot on its heels.
HSBC FXPB preps Asia push
HONG KONG - HSBC plans to extend FX prime services to the Asian markets as it looks to take advantage of rising demand for prime brokerage in the region.