Europe
Dealers sour on Mifid’s systematic internaliser label
SI decisions will take account of tougher pre-trade rules, client demand and Brexit
Dewhurst to head FX and EM sales at SocGen
Alexandre Dewhurst joined the firm in 2009
EU talks on prop firms leave door open for harsher pay rules
Final law could subject many firms to bonus cap, but even those that escape could struggle
Sargeant joins Cürex London
Glen Sargeant is responsible for developing customer relationships throughout the UK and Europe
Thomson Reuters launches SI reporting service
The solution provides market participants with data, analytics and reporting tools if they qualify as systematic internalisers
Daniels to join Nomura in e-FX sales
Ian Daniels is a former head of e-FX sales at NatWest Markets
Caxton FX to provide open banking payments
Customers will be able to make international payments directly from its platform
European corporate FX losses triple
Currency losses at their highest since the first quarter of 2017, reports FiREapps
State Street appoints co-heads of Emea global services
Ambrosius and Fontaine have worked at the US bank for more than a decade
Nomura hires Parkash as global head of e-FX distribution
Ashvin Parkash set to join the Japanese dealer in Singapore as global head of e-FX distribution
Algo supervision is paramount, says Rahmouni-Rousseau
Banque de France’s director of markets notes the rise of algorithm usage carries a high level of responsibility
Euronext dismisses Galinov lawsuit as ‘baseless’
The exchange operator says legal complaint is an attempt at retaliation from Galinov
Sterling to recover by year’s end – ABN Amro
Despite Brexit-related pressures, sterling’s prospects remain positive, says the bank
Funda Bor joins Solid FX
Bor moves to Solid FX from ABN Amro’s prime brokerage business
BoJ yield cap a risky move, says Saxo Bank
Bank of Japan shift drives biggest bond-yield jump in two years
Record’s Wood-Collins: more disclosures needed
The UK-based currency manager’s chief says some asset managers appear to use only one counterparty for FX trading
Peso volatility pulls millennials to currency trading
Interest is incentivising local and international companies to invest in education initiatives to meet budding demand
Awards: smartTrade
SmartTrade gains a highly commended mention for Best Liquidity Aggregation System Provider at the 2018 FX Week e-FX Awards
Katz’s sentencing adjourned until January
Jason Katz is the first trader to admit to wrongdoing
Global slowdown is a growing worry, says CMC Markets
Signs of softening growth are accumulating, while trade tensions drag business confidence down further
Flow Traders goes live to make FX splash
With 700-plus approved counterparties and significant in-house flows from its ETP business, Flow Traders prepares to realise its FX ambitions
CIBC remains bearish on dollar for medium term
Canadian bank’s currency strategist reckons the issue of twin deficits will thwart the greenback’s march
European corporates hit by FX in final quarter of 2017
Currency losses at their highest for corporates in Europe since Q3 2015
Krueger joins Saxo from Barclays
Eric Krueger will take up newly created role of global head of client services