Seegers Exits Jefferies

Bryan Seegers, senior vice president responsible for global eFX trading, algo execution and liquidity management at Jefferies in New York, has left the firm. His next destination could not be confirmed by press time. Seegers joined Jefferies in mid-2017 from ADS Securities, where he spent nearly five years, last as co-head of global e-FX coverage […]
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Frank Joins InTouch Capital Markets

InTouch Capital Markets, which provides real-time institutional FX market intelligence, has added Peter Frank to its team of analysts. Based in London, Frank will report into Lee Oliver, head of InTouch FX. Prior to this role, he was most recently the global head of FX strategy at BBVA, while he has also held senior director […]
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BidFX Opens Two New Offices

BidFX Systems, a division of TradingScreen (TS), is opening offices in Italy and Australia, with new hires heading each location. Carlo Scotto will run the Italian office, which will be based in Milan. He joins from Refinitiv, where he was responsible for sales and business development in Southern Europe for FXall. Scotto has also worked […]
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Elwood Partners with Invesco Japan for New Fund

Elwood Asset Management, an investment firm specialising in digital assets, has partnered with Invesco Asset Management (Japan) to help it launch a new fund. The newly launched Invesco Global Blockchain Equity Fund will be managed by Invesco Capital Management, with a delegation from Invesco Japan, and will track the performance of the Elwood Blockchain Global […]
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Caplin Adds Three

Caplin Systems has announced three senior appointments to support its continued growth in EMEA, Scandinavia and Asia with the appointments of Keith Hill, Campbell MacPherson and Claus Holmark Asved to the roster. Hill joins as an advisory board member, based in London, with responsibility for global business development strategy. He has worked in the FX industry […]
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ACI UK, STA, Sign MOU

ACI UK, the UK chapter of ACI – The Financial Markets Association, which represents the interests of individuals engaged in professional trading, broking, operations, regulatory and compliance activities in the foreign exchange, money and derivative markets, has signed a Memorandum of Understanding (MOU) with the Society of Technical Analysts (STA), the not for profit organisation […]
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GFXC Updates on Working Group Progress

The Global Foreign Exchange Committee (GFXC) has released materials from its last meeting in Tokyo, including progress reports from its various working groups, a new illustrative example on “cover and deal” trading activity and a presentation on flash crash events in foreign exchange markets. The new cover and deal example, to be included in the […]
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Global FXC Names New Vice Chair; Details Review

The Global Foreign Exchange Committee (GFXC) has released further detail from its 22-23 May meeting in Tokyo, during which the committee discussed its mandate to consider the case for a comprehensive review of the FX Global Code at least every three years. “The FX Global Code has been in place for a few years now […]
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Survey Highlights Treasurers’ Concerns Over Visibility of FX Exposures

A new survey from Citi shows that gaining visibility of their FX exposures remains a core concern for corporate treasurers. In the survey, which includes responses from 400 corporates of varying sizes, industries and geographies, improving cash forecasting was cited most frequently as the top priority amongst these firms. “Firms are recognising that they still […]
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CFTC Clarifies Uncleared Swap Margin Rules

The Commodity Futures Trading Commission (CFTC) has issued an advisory noting that under its uncleared swap margin rules, the documentation of initial margin will not be required until the initial margin threshold amount exceeds $50 million. The CFTC says that this advisory was issued in furtherance of the March 2019 statement by the Basel Committee […]
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