FX Markets - 15 May 2017
Articles in this issue
JP Morgan tops Greenwich market share rankings
Citi falls into second place, as market share among top dealers is redistributed for second year in a row
BNY Mellon looks to re-enter FX prime brokerage, say sources
FX Week understands the US custodian is set to step back into the sector, as Jason Vitale joins the firm
Cobalt signs Citadel Securities and XTX, and gears up for go-live
Distributed ledger technology firm hires support staff, suggesting launch is approaching
360T launches ECN and announces new record volumes
Platform confirms launch of 360T ECN in April; hits all-time high on April 18 and sets record ADV
Sucden Financial launches OTC options tool for FX
Broker partners SuperDerivatives to provide clients with pricing tool and independent data
Hotspot gears up for NDFs following forwards launch
Venue set to list NDFs on-Sef in the coming weeks, after completing the first anonymous outright forwards trade
Cobalt hires three and opens New York office
Darbari joins as COO and head of US operations, Light leads product, and Nelson heads solution delivery and support
Molly Duffy moves to Standard Chartered as head of sales
Duffy, who was previously at Credit Suisse, will also serve as co-head of financial markets in the Americas
European FXPB head resigns from Deutsche Bank
Mike Cooper stepped into the role in February 2016
Pushack ditches JPM for Mandelzis
James Pushack has left JP Morgan's FXPB and clearing solutions sales team
John Gaudino trades Barclays for Citi
He will be a G10 spot trader in New York
MarkitServ sees tenfold hike in NDF clearing volumes
The firm is in a test environment with FX options and believes they are a candidate for Q4
China FX reserves rise for a third straight month
PBoC figures show increase of $20.4 billion, resulting in the third consecutive monthly reading above $3 trillion
Thomson Reuters Matching celebrates 25-year birthday
The first electronic broking platform was born on April 29, 1992
Euro could make a charge at $1.13 in the summer – IGM
But only if ECB president Mario Draghi turns hawkish and details of QE exit are revealed