United States (US)
Northern Trust: algos give power to clients
The release of an FX algorithm suite in June ushered in a new era for the custody giant
Johnson’s lawyer brands trial a ‘governmental mistake’
On the tense first day of Mark Johnson’s trial, the prosecution claims he saw dollar signs
Rodgers to testify in support of Johnson
Deutsche Bank’s former global head of FX believes Johnson followed industry practice when executing the large order
StanChart sees some EM weakness next year
Concerns remain over the political situation in Brazil
US super-regionals step up FX game
Citizens Bank and SunTrust Bank have been expanding and investing more in their FX platforms and talent
TraderTools adds RMB and MXN to EM liquidity pool
The platform provider has launched 16 currency pairs in its Unique Liquidity Network in the last six months
Employees get deposition stay in FX antitrust case
Depositions and interviews with bank staff in benchmark rigging case delayed until December 8
TradAir upgrades full-amount functionality
Changes will provide direct relationship-based liquidity to clients and optimise the execution between sweepable and full amount liquidity
Fischer resigns from Fed board
Vice-chairman of Board of Governors will leave on or around October 13
James Taylor joins BNY Mellon
Taylor is a key hire for the bank whose markets business is undergoing an FX transformation
Mark Johnson's trial to start on September 25
Jury selection to begin in alleged front-running case; judge postpones original date by a week at status conference hearing
DoJ fears FX civil suit may compromise criminal cases
It moves for judge to stay staff depositions at seven banks for fear of witness intimidation
EM currencies to appreciate against dollar, says Wells Fargo
Emerging markets units could firm up as greenback experiences trend weakness
TD Securities adds North to e-FX trading team
Martyn North will manage the bank’s e-FX platform in Europe
O’Hara promoted to head of PB and clearing, Americas at SocGen
John O’Hara will retain FXPB and clearing responsibilities
StanChart hires Greiner for G10 trading
David Greiner recently worked at Nomura
Cahill trades KCG for Hotspot
Mike Cahill brings a wealth of sell-side experience to his new role as a FX sales director
Euronext completes FastMatch acquisition
Exchange operator receives regulatory and anti-trust approval to continue muscling its way into FX
FX forwards users drop EU banks over margin rule
Other dealers do not have to collect margin on physically settled forwards
Giancarlo confirmed as CFTC chairman
US Senate also confirms two commissioners
Currenex and EBS mull venue-hosted last look
Platforms consider becoming third-party operators of last look to separate the function from liquidity providers
Investors must sue outside US to recoup FX losses, urge lawyers
Lawyers say the extent of collusion is clear, following recent settlements by five banks
Thomson Reuters completes Mifid II desktop enhancements
The firm starts onboarding clients to its improved multilateral trading facility
Deadline for compensation claims in FX benchmark settlement nears
“You will not simply receive a cheque in the mail, even if the actions of the banks harmed you,” says Battea chairman