Foreign Exchange

The past week has seen senior appointments across equities trading and FX, as well as hires across institutional sales, spanning cash equities and ETFs.   

Individual has been with the firm for more than 15 years, most recently serving as head of FX voice trading.

The past week has seen a swathe of moves, including a head of trading departure and a head of market structure appointment, as well as hires across high-touch sales trading, FX and equity sales.  

Regulatory fragmentation, legacy infrastructure and limited RMB liquidity continue to constrain Hong Kong’s ambitions to become a fully integrated digital market and RMB hub, panellists at The Network Forum: Asia warn. 

The new additions span the firm’s corporate, institutional and trading teams for FX, and are expected to strengthen Citi’s footprint in the regions.  

The TRADE sits down with Ralph Achkar, head of digital currency strategy at Deutsche Börse’s 360T, to explore the role of cryptocurrencies in traditional markets, comparisons with FX and the challenges associated with the integration of this asset class.  

The service launch follows a successful proof of concept involving 13 sell-side FX options desks.  

The TRADE sits down with Christian Beinert, FX trader at MEAG, to explore the next stage of options trading including new automated strategies, clearing, and the need for greater collaboration between OEMS and trading platforms. 

Individual has worked extensively across FX at firms including Euronext, State Street, Santander and HSBC.  

Although FX options are gaining some traction across the industry, with electronification beginning to take shape, other instruments appear to be retaining dominance, panellists discussed at the TradeTech FX conference in Barcelona.