Trading
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
Bogucki lawyers subpoena HP’s trading data
Effort comes after the court denies another attempt to dismiss the superseding indictment against Bogucki
Cartel lawyers zoom in on government witness
They claim their clients are entitled to understand precisely what the government did to mitigate such risks for its witness
Platform volumes up in August amid EM woes
Trading was higher than in the same period of 2017, with the euro and some emerging market currencies hitting yearly lows
Sabia joins Wells Fargo
Robert Sabia joins the spot FX desk in San Francisco
Sargeant joins Cürex London
Glen Sargeant is responsible for developing customer relationships throughout the UK and Europe
Hold times collapse on EBS Direct as LPs cut last look
Hold times down 67% and reject rates drop to 3.15%, as FX Global Code of Conduct forces liquidity providers to step away from last look
Mateus joins Societe Generale in Paris
Alexandre Mateus joins Societe Generale as G10 FX spot trader, based in Paris
NatWest bids for order-book management business
The UK dealer's frosted glassbox serves as segregated order execution desk for fixings and stop losses
Singapore aims to become e-FX hub for Asia, says Loh
Speaking at FX Week Asia, MAS’s Jacqueline Loh says Singapore wants more price discovery to take place
Thomson Reuters adds JPY/THB to Matching
Trading the yen and baht directly will increase market liquidity and transparency
Strømme launches crypto prop shop
Jan Strømme, former global head of e-FX distribution at XTX Markets, sets up Alphaplate, a cryptocurrency trading firm
Bogucki lawyers seek dismissal for third time
Defence attorneys ask court to look into instructions given to grand jury about the nature of Barclays and HP’s relationship
Nomura hires Agarwal to head EMFX trading
Arvind Agarwal moves to new role at the Japanese bank from Bank of America Merrill Lynch
Iqbal returns to Goldman to head exotics trading
Adam Iqbal left Goldman in November 2017 for a portfolio manager role at Pimco
Hudson joins BGC’s Fenics as global head of e-FX
Liam Hudson was previously the global head of electronic FX at BAML
Michelsen joins Handelsbanken
Otto Michelsen moves to Handelsbanken from Arion Bank as an FX options trader
Elgarf joins ADS Securities in London
He moves to the firm from retail broker IG
CLS onboards Japanese funds
Japan-domiciled funds gain access to settlement through CLS as third-party participants for first time
Scott wins extradition appeal
Stuart Scott wins extradition appeal as the October 2017 verdict is overturned
FX turnover hits new record high in UK
All global currency trading centres register growth in April, compared with previous semi-annual survey
Fred Boillereau leaves HSBC, Badhwar moves up
HSBC separates FX & commodities from global markets corporate services, with replacement for Boillereau to be announced
Dollar will be tested if stocks correct – City Index
High risk of major stock market correction in US will dampen dollar strength, says broker
Nex revenues rise in Q1 2018
The firm reports 7% rise in first quarter of fiscal year and confirms CME transaction on track