Feature/Wholesale
October 2006 - Flextrade to launch block trading platform
CHICAGO, NEW YORK AND LONDON – October was a month where new players looked to make their mark on the industry. Reuters CME joint venture FXMarketSpace announced 20 more banks signed to be clearing prime brokers while it emerged trading technology vendor…
February 2006 - Refco saga continues with veto of FXCM deal
NEW YORK – Refco creditors vetoed a deal that would have seen the remains of the unregulated business sold to Forex Capital Management.
August 2006 - ABN Amro trader faces execution in Vietnam
HAI PHONG – August saw an ABN Amro FX trader face possible execution in Vietnam after participating in activity that lost a state bank $5.4 million after participating in allegedly unauthorised prop trading.
April 2006 - FX business restructures
LONDON & HONG KONG – April was the month for business restructures, with ABN Amro, JP Morgan, HSBC and Royal Bank of Scotland (RBS) altering their FX business operations.
February 2006 - JP Morgan forex salesman arrested
NEW YORK – A JP Morgan FX salesman was arrested, making the US bank the latest to be embroiled in a trading scandal. Terrence Gumbs, a 17-year veteran of the bank, was arrested and charged with wire fraud, after placing a $385 million sell order on…
July 2006 - NAB saga heads towards closure
MELBOURNE – The final chapter of the National Australia Bank (NAB) trading scandal unearthed in 2004 drew close to its conclusion in July, with the last two forex options traders jailed.
Citigroup plays catch-up
Citigroup's recent investment in forex technology appears to be paying off, as demonstrated by the bank's resurgence this year
FXMarketSpace ups ante
LONDON – Twenty banks have committed to becoming clearing prime brokers on the FXMarketSpace platform, a senior official at the CME/Reuters venture told FX Week.
A capital adventure
Michael Spencer tells FX Week about how he turned Icap from a four-man business into a £3 billion FTSE 100-listed powerhouse in 20 years, and about his plans for EBS
All this and more
In the final multibank platform focus, FX Week looks at the prospects of FXall in its bid to continue the growth it saw in its first four years
The first to Connect
In the penultimate platform focus, FX Week assesses the prospects of pioneering platform FX Connect
360T moves beyond home territory
The fourth interbank platform profile sees Germany's 360T looking to expand
Keeping current at Currenex
In the second in a series of interbank profiles, FX Week looks at the prospects of Currenex
Fighting chance for new player
In the first of a series of profiles of the multi-bank portals, FX Week analyses the strengths and weaknesses of the players in this crowded market-place. This week: Lava FX
Top stories from 15 years of FX Week AIB losses a 'one-off'
LONDON – The foreign exchange industry is unanimous in its verdict that the disastrous $750 million FX loss announced by AIB last Wednesday was a one-off event.
Q&A: John Nelson
To mark 15 years of FX Week , we carry a Q&A with our first subscriber, look at three major pairs opposite and run three of the key stories shaping the industry