JP Morgan's chief currency trader in London, Richard Usher, has left the bank, a source familiar with the matter said on Tuesday. Usher, the head of spot G10 currency trading at the U.S. based bank in London, had been put on leave by the bank since October last year. It was unclear at the time whether…
Read moreLeapRate Exclusive…LeapRate has learned, via a series of filings made with the U.S. Securities and Exchange Commission (SEC), that Lucid Markets principal Matthew Wilhelm has sold about $4.3 million worth of FXCM (NYSE:FXCM) shares during the month of October (see table below). Wilhelm unloaded 268,530 shares so far in October for an average price of about…
Read moreThe UK is set to become the first foreign country to print an offshore renminbi bond, a move that points to the currency's growing global appeal and the UK's desire for London to be the major offshore renminbi hub.
Read moreAs industry dialog continues to gain weight since the onset of the global investigation into the alleged practice of FX rate manipulation by banks, order management system provider Barracuda FX's CEO has spoken publicly on how to resolve the matter.
Read morePost trade processing in the global OTC derivatives markets has been the subject of much regulatory scrutiny of late, beginning with North American reform as a result of the Dodd-Frank Act. ICAP's specialist post-trade division TriOptima has now cited a noteworthy change in procedure in the Asia Pacific region.
Read moreNew Forex Brokerage Service to Serve Needs of Professional and High-Net-Worth Investors
Read moreEmerging venues in Asia are a hive of activity and attracting a great deal of infrastructural development, the latest example of which is ADS Securities' Hong Kong division establishing a colocated server at Equinix's TY3 Tokyo
Read moreIn the advent of quarterly earnings announcements from major US firms, IG Group is allowing traders access to stocks when announcements are made after the close of the US market
Read moreCFH Clearing has responded to growing demand for electronic trading which is originating from clients at the higher levels of the market.
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