Foreign Exchange

The move is an internal promotion; previous head of trading Gary Prince remains with the firm in new role. 

The TRADE sits down with Peter Welsby, head of Europe FICC trading at Manulife Investment Management, to explore how trading desks are evolving with the times and continuing to add value, touching on harnessing data, leveraging artificial intelligence, and building trust with portfolio managers. 

Experts from LSEG, OSTTRA, DIGITEC and RTX Fintech & Research examine the 2026 landscape for foreign exchange, as electronic trading seems set to transform interdealer FX swaps in particular and modernise the market throughout the course of the year.  

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.