Foreign Exchange

Bank of America's trading income down 20% in Q4

Bank of America’s Global Markets division saw sales and trading income fall by a fifth in the fourth quarter of 2014, according to results today, excluding accounting adjustments.

Citi parts with head of EMEA execution

Citi’s head of EMEA execution sales (electronic trading) has left the group after five and a half years, The TRADE understands.

Fixed income dominates buy-side tech spend in 2014

Buy-side firms spent more than US$12 billion globally on their trading desks last year, investing primarily in technologies and people, according to research from consultancy Greenwich Associates.

ESMA publishes second MiFID II consultation

The European Securities and Markets Authority has published its consultation on draft regulatory technical standards for the Markets in Financial Instruments Directive II.

FX added to SunGard TCA offering

SunGard has launched a new transaction cost analysis solution for foreign exchange trading to help its clients better understand the quality of FX execution.

Innovation spotlight: Europe’s FX futures

The introduction of exchange-traded foreign exchange derivatives in Europe has proved to something of a saga, but the new products were launched earlier this year on CME Europe and Eurex.

Trading's brightest and best honoured

Last night saw the very best in the industry honoured at The TRADE’s annual Leaders in Trading awards ceremony at the Savoy Hotel in London.

Buy-side becoming dominant player in FX markets – research

FX markets are witnessing an explosion in buy-side to buy-side trading activity as banks increasingly enable their clients to directly access the market, according to research from consultancy GreySpark Partners.