Day: 25 November 2015

CLS, Markit Launch Settlement Service

CLS Group (CLS) and Markit today announced the launch of a new FX settlement service for cross currency swaps. The firms claim the service will streamline the process for trade payments by incorporating them into CLS’s existing payment-versus-payment (PvP) settlement service. CLS receives settlement instructions from cross currency swaps electronically confirmed using MarkitServ, an OTC […]

XTX Markets Provides Liquidity on TradAir

XTX Markets says it now provides liquidity on TradAir’s front-office solutions. TradAir offers an end to end trading infrastructure from price creation and dynamic distribution to trading optimization solutions. Jan Strømme, head of e-FX sales at XTX Markets says: “We are pleased to announce this partnership with TradAir, another step in broadening the reach of […]

CFTC Approves New Rules on Automated Trading

The US Commodity Futures Trading Commission (CFTC) has unanimously approved proposed rules in response to the evolution of automated trading on US designated contract markets (DCMs).  The proposed rules, known collectively as Regulation Automated Trading or Regulation AT, represent a series of risk controls, transparency measures, and other safeguards related to automated trading. Regulation AT […]

Pearson Leaves RBS?

James Pearson, the Royal Bank of Scotland’s (RBS) head of trading for currencies, Europe, the Middle East and Africa, has left the bank, according to Profit & Loss sources. Pearson joined RBS from Nomura in 2011 where he was global head of spot FX trading and emerging markets FX trading for Europe, Middle East and […]

Listorti Steps in at ANZ

As reported last week by Profit & Loss, Eddie Listorti has been appointed acting managing director global markets following the resignation of Steve Bellotti. ANZ says Listorti, whose appointment is effective immediately, reports to CEO international and institutional banking Andrew Géczy. “Steve has led our global markets business since 2010. I would like to thank […]

And Another Thing…

The events of the past couple of years have taught me to be wary when making statements about early investigations into one practice or another, but obviously the news that a US authority is investigating spoofing in FX markets needs addressing. It is easy to dismiss yet another investigation as yet another fund raising exercise […]