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  • Icap has confirmed that it is to introduce a new brokerage (bro) tariff on EBS from January 1. The charges, detailed below, will replace the current $25 per deal charge.
  • For years people have debated whether or not FX will move to an exchange. I was of the view that it would, but now I’m of the view that it won’t. So I was slightly shocked to hear that Icap is intending to apply to UK regulator the FSA for the status of a regulated market.
  • I have to express admiration for Goldman Sachs – it really does do things differently.
  • Citi and Saxo; Results of Refco's FXCM stake auction
  • Shinhan Bank has become the third South Korean shareholder of CLS Group.
  • Kenya's retail FX sector is taking off.
  • Each dispersal of the fog reveals greater sub-prime losses, contagion to other markets and more reasons to expect a continually falling dollar. And bond market liquidity is again worsening.
  • David Puth, who quit his role as head of global currencies and commodities at JPMorgan in November 2006, has joined Icap as a non-executive director. Puth has become a member of the broker’s audit and remuneration committees. In an official statement, Icap’s chief executive Michael Spencer says: “David brings significant experience at a very senior level in markets in which we operate. I am sure that we will benefit from his broad knowledge of the foreign exchange, commodities and emerging markets.”
  • There is a lot of buzz swirling around the retail FX community that Citi is about to enter the market.
  • It was off on Tuesday evening to Société Générale Corporate and Investment Banking’s winter press party, which the bank has far too much class to call its Christmas bash.
  • It was inevitable.
  • Most readers know that I am a keen cyclist. But, professional cycling’s reputation has been tarnished by the issue of performance enhancing drugs.