Citi
Wade becomes global head of treasury services FX at JP Morgan
Former head of eFX sales at Goldman Sachs joins this month
Kantox provides Citi’s commercial bank with enhanced FX payments
Corporate clients in US will see connectivity improvements as Kantox operates as “software layer”
Byne joins Northern Trust
eFX sales specialist moves from Citi where he spent more than eight years
Ramchandani files complaint against Citi in NY court
Complaint filed in US southern district court of New York claims false assertions made against him by bank
Singapore’s e-FX strategy blossoms as Apac competition heats up
Euronext FX launches matching and pricing engine today, while JP Morgan is latest to announce plans in the city-state
Citi reshuffles FX management
Move intends to foster greater alignment of trading across the bank’s major product lines
Yount takes up sales role at Euronext FX
Kelly Yount brings more than a decade’s experience in sales, prime brokerage and management to the platform
Winners of the 2019 FX Week Asia Awards
The awards acknowledge the growing importance played by market participants in Asia-Pacific in FX
FX class action could run into billions – UK class representative
Given London’s share of the FX market, the damages sought could be greater than those received in the US
FX last look: how non-banks stack up
Research shows patchy disclosures plus differences from banks on pre-hedging and rejected orders
Collective UK action brought against FX cartel banks
Banks targeted are those that took part in the ‘banana split’ and ‘Essex Express’ cartels
LMAX to launch matching engine in Singapore
London-based firm is latest to join plans to transform the island into global risk centre
US banks see Ficc earnings drop in Q2 2019
Results subdued due to depressed volatility and low client activity
Tariq Haider heads to Drax
Former BAML FX salesman returns to New York for post
JP Morgan tells HFTs: you’re ‘all finding homes’
But credit intermediation space has inefficiencies that more kill switches would address, conference hears
Bank e-FX initiative/Best e-derivatives platform of the year: Citi
Citi voted Bank e-FX initiative and Best e-derivatives platform
Citi shockwaves prompt rush for new PBs
BNP Paribas, Deutsche Bank, HSBC, JP Morgan and NatWest said to be onboarding Citi’s former clients
Record builds synthetic FXPB offering
Specialist currency manager will use tri-party model to move securities collateral between banks
Schmeja becomes associated partner at Management & Advisory Services
Former head of FX Emea at Citi Private Bank is advisory board member at FX Prime
Keeping the robots honest
Human overseers are in short supply in an arena where losses can be crippling within minutes
Citi culls HFTs from FXPB client list
HC Technologies, Jump Trading and Virtu Financial among those told to find new prime broker
FXPB fee jump unlikely, say dealers
HSBC and NatWest say client charges unlikely to rise significantly despite new margin costs
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