Gill Exits Barclays?

Market sources tell Profit & Loss that Singapore-based Pritpal Gill, head of FX cash and options trading for Barclays in Asia-Pacific, has left the bank. Gill joined Barclays at the start of 2019 as part of a build out of the bank’s FX business, following the hire of Fabio Mudar as global head of FX […]
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Goldman Sachs Launches FX Swaps Axe UI

Goldman Sachs has launched a new Axe UI on its Marquee single dealer platform that allows clients to access dynamic axes streamed by the bank in FX swaps. With the launch, the bank is aiming to disrupt the traditional voice driven delivery of axes and create a more efficient trading infrastructure for FX swaps. The […]
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In the FICC of It

The podcast has a nice positive vibe to it this week as Colin Lambert is joined by Ayesa Latif, head of EMEA e-commerce FX sales at Citi to discuss the eighth annual “e-for-education” campaign by the bank, which kicks off this week. Latif explains how the campaign works, what channels are likely to generate the […]
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HSBC Launches NDFlex Algos

HSBC’s FX Alternative Execution Services has launched a new NDF algo offering called NDFlex – initially available in five currency pairs using a number of strategies. The new algo suite is offered in the dollar against IDR, INR, KRW, PHP and TWD, and Implementation Shortfall, Liquidity Seeking, TWAP, VWAP, Get Done and Liquidity Plus strategies […]
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CFTC Clobbers Bank of Nova Scotia with $127 Million Spoofing Fine

The US Commodity Futures Trading Commission has issued three Orders filing and settling charges against Bank of Nova Scotia for spoofing in precious metals futures, making false statements to US regulators and  for compliance and oversight failures. The bank has been fined a total of $127.4 million. The first two orders require Scotia to pay […]
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Goldman Live on ForexClear

Goldman Sachs has become the latest bank to go live on LCH’s ForexClear service, offering clearing services to its clients under the ForexClear FCM (futures commission merchant) and international clearing broker model. Goldman clients can access the FX derivatives clearing service in NDFs, the clearinghouse also offers dealer-to-dealer clearing services for deliverable FX options, spot […]
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Barclays Launches NDF Algos

Barclays has become the latest bank to extend its FX algo execution product site to NDFs, adding one-month NDFs across multiple algorithms to Gator, its liquidity aggregation and algo platform. The algos are available in seven Asian currency pairs, USDCNY, USDIDR, USDINR, USDKRW, USDMYR, USDPHP, USDTWD and the bank says the launch is in response […]
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UK Court of Appeal Dismisses SNB Day Claim

The UK Court of Appeal has dismissed an appeal by CFH Clearing to have a judgement in favour of Merrill Lynch International (MLI) overturned – the original case relates to 27 trades submitted to MLI’s trading platform by the broker in the immediate aftermath of the Swiss National Bank removing the EUR/CHF floor at 1.20. […]
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SocGen Live on FXSpotStream

Societe Generale (SocGen) has gone live and is trading with clients via its price streaming service on FXSpotStream, which it joined as a liquidity provider in May. SocGen is the 15th LP on the service, which also includes Bank of America, Barclays, BNP Paribas, Citi, Commerzbank AG, Credit Suisse, Goldman Sachs, HSBC, JP Morgan, Morgan […]
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ACI FMA, NYCDL, File New Amicus Curiae in Johnson Case

As former HSBC FX cash trading head Mark Johnson takes his case to the US Supreme Court, ACI – The Financial Markets Association (ACI FMA) has filed a second Amicus Curiae to support his efforts to have his case heard and conviction overturned. Additionally, the New York Council of Defense lawyers (NYCDL), a not-for-profit professional association […]
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