FX Markets - 12 Jun 2017
Articles in this issue
UK arrests Stuart Scott in HSBC FX front-running case
Ex-HSBC employee accused of wire fraud in case involving alleged front-running to make first court appearance on July 31
New Change FX to supply mid-rates to LCH’s ForexClear
The mid-rate will be used for determining underlying spot rates at the point of expiry for FX options
Bank of China HK to provide liquidity on EBS Direct
The addition will provide deeper liquidity and more transparency in CNH, already a top-three currency on the venue
Campbell Adams leaves ParFX
Adams is responsible for randomisation as a practice coming to financial markets
BSO expands Asian connectivity with new Singapore and HK routes
The provider has also boosted speeds by up to 10ms in certain segments of its network
HSBC hires two and moves to build out FX prime brokerage
Ferretti will be responsible for structuring and developing FXPB, while Miller joins as head of institutional sales, Americas
Gentle out and Diehl in at UniCredit
Gentle follows a raft of traders who have left the Italian bank's FX business in recent years
Jaatinen leaves Commerzbank
She provided structured FX solutions to global corporates and investors at the German bank
Nomura and options trader Jason Pealy part ways
It is understood the bank let him go in May
TradAir’s Geller steps down as chief executive
Illit Geller spent seven years at the helm of the front-office e-FX trading technology provider
Lulay becomes chief executive of GFT
The passionate technologist has been the firm's chief operating officer for 15 years
China FX reserves rise for fourth consecutive month
PBoC figures show $24 billion increase, resulting in fourth monthly reading above $3 trillion
China tweaks the fix
CFETS announces intent to introduce a countercyclical adjustment factor to the USD/CNY pricing mechanism
Surprise renminbi strengthening prompts unwinds
“A lot of long [US$] positions were unsustainable and had to be re-evaluated,” says FX structuring head
World Bank bets on compression for emerging market currencies
New York-based start-up LMRKTS gets backing to support illiquid markets
Sterling to move higher against dollar, despite election result – CIBC
Despite the hung parliament in the UK, the pound is in a better position than the greenback