Liquidity
‘You can’t game the fix,’ jurors hear in FX Cartel trial
Melvin says if the three traders wanted to game the fix, they couldn’t have chosen a worse time because the market is too liquid then
HC Tech recruits Puma and Powers
Richard Puma joins as COO and Eric Powers as head of infrastructure
Gurcuoglu joins Stater Global Markets
Ayhan Gurcuoglu was previously regional manager for Turkey at Sucden Financial
Marex Spectron re-enters FX with new platform
After a four-year hiatus, the broker rolls out offering geared at smaller players that large banks find relatively unattractive
360T expands algo suite for corporates
The platform offers 60 strategies from 13 banks, with four more dealers to come online before the year-end
Central banks adapt to faster markets, says BIS report
Fast pace of today’s markets means central banks must change approach to fulfil responsibilities
Last-look class certification fails against Deutsche Bank
US District judge Lorna Schofield denies two class certifications, saying market participants were aware of liquidity providers using last look
Bria joins LiquidityEdge as COO
Andy Bria joins LiquidityEdge, founded by ex-Icap chief David Rutter and headed by Nichola Hunter
Johnson appeal supported by two amicus briefs
Criminalising legitimate pre-hedging when the dealer acts as principal will lead to rising costs and decreased liquidity
FXall launches analytics tool
FXall launches the Trade Performance Analytics tool, which will be rolled out on other Thomson Reuters platforms in future
Edgewater launches Latam FX venue
LatamFX.Pro will aid price discovery in the Mexican, Chilean, Colombian and Argentine peso, the Brazilian real and Peruvian sol
Hold times collapse on EBS Direct as LPs cut last look
Hold times down 67% and reject rates drop to 3.15%, as FX Global Code of Conduct forces liquidity providers to step away from last look
NatWest bids for order-book management business
The UK dealer's frosted glassbox serves as segregated order execution desk for fixings and stop losses
Singapore aims to become e-FX hub for Asia, says Loh
Speaking at FX Week Asia, MAS’s Jacqueline Loh says Singapore wants more price discovery to take place
Thomson Reuters adds JPY/THB to Matching
Trading the yen and baht directly will increase market liquidity and transparency
Elgarf joins ADS Securities in London
He moves to the firm from retail broker IG
CLS onboards Japanese funds
Japan-domiciled funds gain access to settlement through CLS as third-party participants for first time
SGX’s Lam in bid to bring together two worlds
SGX set to launch FlexC FX Futures in August, with the aim of combining the best that OTC and futures have to offer
Awards: Cboe FX
Cboe FX has been voted Best FX ECN at the 2018 FX Week e-FX Awards
Awards: Standard Chartered
Standard Chartered has been voted Best FX Prime Broker Bank at the 2018 FX Week e-FX Awards
Awards: CME Group
CME Group has been voted the winner of two categories at the 2018 FX Week e-FX Awards
Awards: XTX Markets
XTX Markets has been voted Best FX Liquidity Provider and Best Non-bank Market Maker at the 2018 FX Week e-FX Awards
Gill joins IS Prime in institutional sales
Terry Gill joins the prime-of-prime firm in a newly created role
BNY Mellon launches FX options trading
The move fills a strategic gap in the bank’s big push into foreign exchange