Day: 20 July 2016

Webinar: Will Buy Side FX Activity Shift to Order Books?

Whether more buy side FX trading activity will shift into order books, and how long this shift could take, was a key discussion point in a webinar examining FX market structure on Tuesday. During the webinar, hosted by Greenwich Associates, data was presented showing that between 73-76% of buy side FX trading takes place electronically, […]

Wilkoff Exits Standard Chartered

Andrew Wilkoff has left his position on the voice FX sales desk at Standard Chartered. A spokesperson for the bank confirmed his departure from the bank earlier this week.  Market sources are now indicating that Wilkoff is set to join Hathersage Capital Management, a global macro investment manager that specializes in G10 FX. Hathersage had […]

Reports: HSBC Executive Arrested in Currency Investigation

A senior HSBC executive has been arrested in New York in connection to the US Justice Department’s FX rigging investigation, according to various news outlets. These reports are naming the person arrested as Mark Johnson, global head of FX cash trading in London, and claiming that he was picked up by US authorities at New […]

US Fed Bans Former FX Trader From Banking

The US Federal Reserve Board has banned former Barclays and UBS FX trader, Matthew Gardiner, from working in the banking industry for his manipulation of FX pricing benchmarks. The board says that from January 2008 until at least January 2013 that Gardiner “routinely engaged in unsafe and unsound conduct” that included disclosing confidential customer information […]