BNY Mellon poaches forex operating chief from HSBC
Paresh Shah joins BNY Mellon as global FX operating chief, after leading FX and commodities operations for HSBC in the Americas.
Foreign Exchange
BNP Paribas plans launch of FX trading engine in Singapore
BNP Paribas follows JP Morgan and Citigroup in establishing an FX pricing and trading engine in Singapore.
Buy-side rejects “redundant” move to expand MAR to spot foreign exchange
Asset managers have poured cold water on plans to expand MAR to include spot FX due to the impact of the FX Global Code of Conduct.
FX futures reach new record at CME Group
CME Group said clients are increasingly looking for FX products to manage exposure.
360T launches FX swaps limit order book with midpoint matching
360TGTX MidMatch provides traders with the ability to electronically exchange risk at the mid, with ANZ and Commerzbank the first to use the new service.
Northern Trust expands global FX sales team with two US hires
David Byne and William Hartlett join the sales team for the global foreign exchange solutions business at Northern Trust for North America.
Instinet expands Newport with launch of spot FX trading platform
Instinet reaches beyond equities to incorporate foreign exchange through launch of new agency trading business.
Nomura taps Pico for new FX and rates trading platform
Pico to develop, host and manage new platform for Nomura's global FX and rates trading businesses.
Citi integrates Rapid Addition platforms to boost electronic currency trading
Citi has deployed Rapid Addition’s Hub and FIX engine to bolster pricing technology for clients in London, Tokyo, New York and Singapore.
Deutsche Börse 360T completes first trade in streaming NDFs
FX marketplace 360T has launched streaming NDFs in response to market demand for an alternative hedging venue.