Risk management
Rokos hires new risk chief
Gianluca Squassi is replacing Nick Howard as the $8 billion hedge fund’s CRO
Bloomberg brings alternative data to online platform
Enterprise Access Point goes beyond traditional data with geopolitics and financial sentiment feeds
BNY Mellon opens Program Trading Desk in FX business reshuffle
Bank adds segregated execution desk to boost confidentiality for clients with high-level transactions
North American corporates lose $11bn on FX volatility
Almost six times as many companies reported currency headwinds in third quarter, FireApps analysis shows
MarketFactory secures funding from Silicon Valley investment firm
Accel-KKR’s strategic investment will facilitate MarketFactory’s expansion into new markets and services
Nasdaq default came at time of mass margin breaches
CCP's clearing members incurred 49 margin breaches as of end-September
CLS: mitigating settlement risk is crucial as volatility rises in 2019
Geopolitical factors expected to drive markets this year
Northern Trust: tailoring algos to suit client needs
Interest in algorithms is growing across the FX industry
Day one of a no-deal Brexit: swaps and chaperones
Banks, platforms and repositories tee up EU entities – and dread the repapering crunch that would follow
FlexTrade integrates pre-trade model into EMS
Modelling tool helps users plan trades, cashflow and hedging ahead of time
Record launches FX guide for pensions industry
It gives pension managers insights into the risks and opportunities currencies present
Gain Capital chooses Eventus for market surveillance
The broker will use the technology provider’s Validus platform to monitor trading in its futures business
Johnson appeal supported by two amicus briefs
Criminalising legitimate pre-hedging when the dealer acts as principal will lead to rising costs and decreased liquidity
European corporate FX losses triple
Currency losses at their highest since the first quarter of 2017, reports FiREapps
CLS onboards Japanese funds
Japan-domiciled funds gain access to settlement through CLS as third-party participants for first time
EMFX plays small role in portfolio allocation
While FX provides low potential returns on a fully risk-adjusted basis, carry trade makes emerging market currencies more attractive
SGX is launching FX futures solution
New feature lets market participants trade customisable FX futures contracts in an OTC fashion
LCH launches FX options clearing
The first clearing service for deliverable FX is available initially for eight currency pairs
FMSB publishes Ficc standards
The 12 core principles set out in the final standard outline expected conduct during new bond issuances
PRA chief sends ‘Dear CEO’ letter on crypto
Regulator warns of financial and reputational risks that exposure to such assets could have on their firm
Towner and Scott move to JCRA from HiFX
The two men join the independent FX adviser as the buy side increasingly seeks impartial FX management advice
MarketFactory launches pre-trade limit tool
Reflector monitors and balances the limits and positions across all trading venues
FX veterans launch Global Code consultancy
Nick Downes and Julian Gladwin form Axiom Global Advisors to independently assess firms’ preparedness for adherence
More than 100 participants commit to FX Global Code
Global Foreign Exchange Committee plans to launch Global Index of Registers before June meeting