Trading
BNY Mellon opens Program Trading Desk in FX business reshuffle
Bank adds segregated execution desk to boost confidentiality for clients with high-level transactions
LMAX adds credit intermediation for spot FX trading
BNP Paribas and JP Morgan are working with the firm as credit intermediaries
IG opens for online FX trading in US
Retail FX broker launches new subsidiary after navigating regulatory hurdles
Taendler to retire from Goldman Sachs after 20 years
Recently named a partner, Christopher Taendler helped grow the FX franchise across EM and developed markets
Liquidity the biggest hurdle for traders in 2019 – JP Morgan survey
E-trading poll of 200 institutional traders highlights impact of Mifid II
Hope fades for threshold hike in new IM rules
Smaller buy-side firms could still escape compliance burden via expected regulatory guidance
Dollar looks set to hold its own in 2019 – Informa Global
It’s a struggle to find sustainable alternatives to the greenback among G10 peers, FX fundamentals manager says
StanChart to pay $40 million for attempted FX manipulation
UK bank says it now has appropriate control framework in place
Yuan shines as UK FX turnover slips
Average daily London trading was lower in October, as were the tallies in New York and Singapore
HSBC adds Cheesman to sales team
New York-based Jonathan Cheesman worked in FX sales at Goldman Sachs
Provenzano joins Edgewater Markets
New York-based Sal Provenzano appointed managing director of e-FX sales
US banks’ Ficc revenues nosedive in Q4 2018
Biggest drops seen between third and fourth quarters last year
Johnson’s counsels press DoJ to clearly explain his crime
Lawyers plan to argue the US’s “ever-shifting” theories show prosecutors are unclear what crime he committed
HSBC settles millions of FX transactions with DLT
The bank is exploring using the technology to help corporates manage FX flows better
ECN volumes make significant gains in 2018
Trading platform FXSpotStream experiences the greatest increase
OTCXN adds OSL as core liquidity provider
OSL is among the largest digital asset brokerage firms in Asia-Pacific
Concannon’s exit sparks management changes at Cboe
As Chris Concannon heads to MarketAxess, Cboe promotes Isaacson to COO
Yen volumes of 29 times normal on January 2 open – CLS figures
Soaring volumes coincide with higher volatility in yen crosses in early hours of Asian trading session
BNY Mellon: 2019 will see support-side innovation
Get excited about innovation, but don’t take your eye off the fundamentals
MarketFactory: fragmentation, credit innovation and Singapore matching
Mergers between FX trading venues have led fragmentation to spill into other asset classes
ParFX: transparency to drive trading practices as Code adoption grows
FX Global Code will spur market participants to amend execution terms and conditions
FireApps: digitalisation of financial markets will accelerate
Banks are no longer just talking about digitalising their business; they have allocated hundreds of millions to it, says Wolfgang Koester
Northern Trust: tailoring algos to suit client needs
Interest in algorithms is growing across the FX industry
CNH trading in London on the up in Q3
Amidst geopolitical tension,s offshore renminbi trading increased by double digits in Q3