FX Markets - 20 June 2016
Articles in this issue
Fauset joins COEX
He trades one hedge fund for another
XTX picks Abide Financial for transaction reporting
Non-bank market-maker chooses post-trade partner
Bats Hotspot prepares outright FX forwards launch
New product could get rolling in the autumn
Russell Investments expands execution platform
RFX is now connected to the private financial Charles River Network, which has more than 600 global liquidity venues
Renminbi is more flexible and market-based, says IMF
Fund praises the progress made by China's authorities in giving markets greater influence over its currency
TradAir cuts issue diagnostic times by 90%
The technology provider has implemented a series of diagnostic tools provided by Elastic
Benda leaves Deutsche
VP for corporate sales is understood to have left the bank last week
Lew exits Deutsche
Kai Lew, director for FX institutional sales, is understood to have been made redundant
Integral launches client-to-client matching venue
Customers will be able to match off opposing interest on Integral's midpoint
Silcock moves to ICBC
James Silcock heads to the Chinese bank after 10 years at BTMU
BNY Mellon settles FX case with SEC
US bank agrees to pay $30 million over alleged client overcharging for FX trading services
Brexit spurs caution from brokers and platforms
"Nobody in the industry wants a repeat of the SNB, whereby clients suffered heavy losses and effectively became debtors," says ADS Securities' James Watson
NAB grabs top spot on pound weakness
Much of central bank policy for the foreseeable future is contingent on the results of this week's UK referendum
Spencer joins Mirexa
Michael Spencer moves back to London after spending a year in Geneva
Dexeus hops over to Toronto Dominion
Former Credit Suisse FX sales director joins the Canadian bank in London
Marley heads to Western Union
John Marley is an FX and options veteran
TJM hires two for sales team
Foreign exchange intermediary firm pulls talent from Jefferies and CIBC as it embarks on FX business diversification
'What they do with your money' – could do better
A recent book about financial systems and reforms reveals a worryingly academic approach
Delay US non-cleared margin rules, industry tells Congress
“This puts the US banks at a huge disadvantage relative to the European banks,” says CME’s Duffy