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Analysis
Day 2: Forex Magnates London Summit Concludes, Award Winners Revealed
2014-11-20T08:00:56.000+02:00
Day two of the 2014 Forex Magnates London summit finished yesterday, capping off a highly successful event that resulted in the coalescence of key executives from every corner of the industry.
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Executive Moves
Deutsche Bank Names Sam Wisnia as Newest London Head
2014-10-30T02:01:19.000+02:00
Deutsche Bank AG has announced the appointment of Sam Wisnia as its newest Head of Fixed Income & Currencies (FIC), Structuring, and Head of Strategic Analytics for Corporate Banking and Securities (CB&S).
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Executive Moves
ADS Securities London Appoints Philippe Ghanem as Chairman
2014-10-28T11:45:03.000+02:00
ADS Securities London Limited, a subsidiary of Abu Dhabi-based ABS Holding LLC has named Philippe Ghanem as its newest Chairman of the Board, helping complete a spectrum of changes since its acquisition of Pioneer Trader by ADS.
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Mikkel Thorup Joins CrescoCap's London Team as CIO
2014-10-15T08:55:31.000+02:00
Mr. Thorup explained his investment philosophy in creating risk-adjusted returns in the currency markets: “When evaluating individual trading strategies and how they perform over the medium to long term..."
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Exchanges
CFH Clearing Relocates Its Operations To London Equinix Data Center
2014-10-14T09:00:55.000+02:00
Interbank prime of prime solutions provider CFH Clearing has announced that it will be moving its matching, order, and execution operations to the London Equinix data center, in a move to help reduce latency and costs.
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Executive Moves
Rabobank Exiles Two London Staff Members Amid FX Probe
2014-10-08T02:01:34.000+02:00
On the heels of a lingering investigation into FX manipulation, Rabobank has placed two of its staff from its London branch on paid leave, in a bid to mitigate the intense regulatory pressure zeroing in on the bank.
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Exchanges
BATS Global Continues Onslaught on Trading Domination – Options Market Share at 5.8%
2014-10-06T20:08:25.000+02:00
Leading multi-asset exchange, BATS Global Markets has seen promising results across its US and European divisions. Trading volumes in September were up significantly with the venue increasing its overall market share.
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Executive Moves
Nomura Scales Back London FX Operations, Terminates Four
2014-10-02T02:04:26.000+02:00
The FX exodus from London by large banks has continued, with Nomura terminating the contracts of four FX employees, Darren Dempsey, Max Popov, Antoine Berger, and John Erratt, effective immediately.
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Technology
Colt Launches FX Liquidity Access Service Consolidating Industry Nexuses
2014-09-30T10:58:14.000+02:00
Colt Technologies has launched its new FX Liquidity Access Service, which effectively bridges FX market participants from global hubs such as London, New York, and Tokyo.
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Analysis
London FX Traders Face Dwindling Bonuses in Wake of Scandal
2014-09-18T09:06:07.000+02:00
Bonuses awarded to FX traders in London, a long held perk of the position, are slated for a massive decline of -43% this year, in wake of lingering scandals and regulatory crackdowns that have engulfed the industry.
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Executive Moves
BNP Paribas Prop Desk Shut down Prompts Senior Trader Exodus
2014-09-03T22:25:41.000+02:00
BNP Paribas has just announced the shut down of its emerging markets proprietary trading desk in London, leading to the key departures of senior traders Jean-Luc Alexandre and Philippe Fourcade.
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Brokers
Exclusive: FxPro and eToro File 2013 UK Annual Reports
2014-08-31T11:30:30.000+02:00
For FxPro and eToro, the UK remains a small but important piece of their overall operations. Gleaming information about their operations in the country, Forex Magnates takes a look at their 2013 UK reports.
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Analysis
Exclusive: Beeks FX VPS Offers Dedicated Servers, Moves to Equinix LD4/5 to Cut Latency
2014-08-25T12:27:40.000+02:00
The firm is expanding its cloud services offerings set with the introduction of a dedicated server offering and will be shortly releasing an API, which has been obtained as part of the acquisition of GallantFX VPS.
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Executive Moves
Societe Generale Restructures Its FX Operations, Leans on Newedge
2014-08-22T22:06:39.000+02:00
Societe Generale has closed its G-10 forex-trading desk in London, packing up shop and moving its operations to Paris as part of an initiative to reorganize its forex business and partner with the brokerage Newedge.
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Regulation
Citing London FX Broker Demand for Its EMIR Solution, Confisio Opens UK Office
2014-08-18T16:28:00.000+02:00
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Products
UK FinTech Sector Getting Big Boost with Launch of Innovate Finance
2014-08-10T16:44:39.000+02:00
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Innovation
Bitcoin and Digital Currencies have Strong Presence at Innovate Finance FinTech Launch
2014-08-10T13:44:37.000+02:00
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Executive Moves
Cantor Fitzgerald Appoints Eric Bourguignon As Its Newest Director
2014-07-24T16:36:26.000+02:00
Cantor Fitzgerald Europe, a leading financial services firm specializing in multiple asset-classes, has just appointed Eric Bourguignon as its newest Director in its Corporate Finance Division in London.
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Executive Moves
Citigroup’s Head of Prime Brokerage Sales, Martin Visairas, Relocates to London
2014-07-18T21:36:58.000+02:00
Citigroup Head of Prime Brokerage Sales and Capital Introduction, Martin Visairas is leaving his APAC role and moving to London in a bid to fortify the group’s prime brokerage division for Europe.
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Executive Moves
Chris Gibson-Smith to Step down as Chairman of London Stock Exchange Group
2014-07-16T23:36:34.000+02:00
The London Stock Exchange Group (LSE), the world’s fourth-largest exchange by market capitalization, has announced that longtime Chairman Chris Gibson-Smith will step down at the end of December 2015.
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Analysis
European Race for Yuan Clearing is Heating Up as Paris & Luxembourg Step In
2014-06-30T10:44:53.000+02:00
The Chinese central bank has signed agreements with two of its European counterparts to allow and set up Yuan clearing centers as part of its apparent recent drive to internationalise the currency.
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Executive Moves
Shift Forex Recruits FX Veteran Wayne Roworth to Head Its Liquidity Services Team
2014-06-20T01:04:12.000+02:00
Shift Forex, the host of the 2014 FXIC event in NYC, has just announced the appointment of forex industry veteran Wayne Roworth, to head its Liquidity Services team and establish a London presence for the company.
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Executive Moves
Daniel Skowronski Selected as Managing Director of OANDA Europe
2014-05-13T09:02:37.000+02:00
OANDA Corporation, a leading global forex service provider, has announced the recruitment of Daniel Skowronski
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Analysis
Singapore Surpasses London for Second Top Offshore Yuan Clearing Destination
2014-04-29T00:06:13.000+02:00
Hong Kong retains its top position by a huge margin, with 72.4% of transactions in offshore Renminbi, as Yuan volatility picks up and demand for FX clearing services keeps rising in South-East Asia.
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Technology
Barclays Live App for iPad Devices Launched to Help Institutional Clients Access Content
2014-04-22T22:11:13.000+02:00
Barclays Capital, part of Barclays Bank Plc, in London, has today announced its Live App on the iTunes App Store, for clients to access research in Foreign Exchange and other markets via Apple's iOS.
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