Mark Cudmore has left Nomura’s London-based FX sales team, people familiar with the matter tell EuromoneyFXNews.

Currency managers should consider using option strategies to offset the impact of volatile markets on FX hedges, according to analysts at Credit Agricole.

Mark Webster, Bank of America Merrill Lynch’s head of European FX sales, has left the bank and is set to join RBS, EuromoneyFXNews understands.

Regulating how territories are governed in their FX market interaction will never be effective on a global basis, two thirds of respondents say in a poll.

China’s State Administration of Foreign Exchange yesterday announced that it would relax some regulations on banks’ FX conversion for their own businesses, effective July 1.

Fast-growing emerging markets such as Brazil and Turkey and their currencies could pose dangers for investors because of a lack of market infrastructure, according to Stephen Jen, a managing partner at hedge fund SLJ Macro Partners.

Cambridge Mercantile, a Canadian payment-services firm, has joined GFI Fenics Professional, the US interdealer broker’s FX options trading suite.

Unified Global Solutions has launched a new FX algorithm platform that is intended to bring higher-frequency currency trading to the masses.

Stewart Cameron, a euro/dollar forwards trader with Barclays Capital in London, has resigned, according to sources who spoke to EuromoneyFXNews.

Royal Bank of Canada has become the first Canadian bank to act as a market-maker through the RTFX FX trading platform, a marketplace of more than 650 financial institutions, as it seeks to expand its global coverage of foreign exchange, particularly in Asia.

Unified Global Solutions has launched a new FX algorithm platform that is intended to bring higher-frequency currency trading to the masses.

Richard Elliott, Bank of America Merrill Lynch’s head of electronic foreign-exchange options trading, has left the bank.

Richard Elliott, Bank of America Merrill Lynch’s head of electronic foreign-exchange options trading, has left the bank.

Hotspot FX, the multidealer platform owned by US broker Knight Group, has reported a 25% increase in average daily turnover for May.

Sellers of risk currencies over the past two years have tended to come unstuck as policy-makers responded to signs of slowing growth by adding liquidity, such as quantitative easing. However, all that may be about to change, according to analysts at Citi.

Imposing central clearing and exchange trading requirements on the foreign exchange swaps and forwards market might actually increase, rather than decrease, systemic risk, according to the Investment Company Institute, a trade association which represents US investment companies.

The share of daily foreign exchange turnover held by non-financial corporates has fallen sharply as a result of the global financial crisis and derivative accounting rules, the Bank of England said in a report published on Monday.

The yen declined early on Monday after economic reports suggested the Japanese economy is struggling to emerge from a downturn following March’s devastating earthquake and Tsunami.

FX volumes executed by Japanese banks have shown a marked improvement in recent years. The biggest improvers in market share in Euromoney’s FX survey this year were Nomura and Mizuho Financial Group, registering increases of 97% and 68% respectively. That saw Nomura rise four places to 14th and Mizuho rise 11 places to 23rd. This rapid improvement is due to one dominant factor: doing more business with real money clients.

Currency managers logged their worst performance of the year in May, as a sharp rise in the dollar against the euro and increasing concerns over the Greek debt crisis left many investors nursing a euro-denominated headache.

Faster inflation in Russia is likely to keep central bank hawks on the front foot, fuelling demand for the rouble, according to analysts at Deutsche Bank.

The euro fell against the dollar as investors downgraded expectations for European Central Bank rate hikes, amid concern that policy-makers are struggling to agree a solution to the Greek debt crisis.

FX volumes executed by Japanese banks have shown a marked improvement in recent years. The biggest improvers in market share in Euromoney’s FX survey this year were Nomura and Mizuho Financial Group, registering increases of 97% and 68% respectively. That saw Nomura rise four places to 14th and Mizuho rise 11 places to 23rd. This rapid improvement is due to one dominant factor: doing more business with real money clients.

The euro rose early on Thursday ahead of a European Central Bank (ECB) interest-rate decision later today at which policy-makers may signal higher rates in the months ahead.

Chris Leuschke, global head of FX sales at Royal Bank of Scotland, is leaving the bank, according to an RBS spokesperson.

Trade repositories will need to aggregate data in a way the U.S. Commodity Futures Trading Commission finds useful and is not overwhelming, the CFTC told the Association for Financial Markets in Europe in a recent meeting.

Yan Qin has been nabbed from Credit Suisse to take a senior FX role covering China at ANZ.

Hong Kong-based institutional investors are developing a strong appetite for diversified opportunities, AHL CEO Tim Wong tells EuromoneyFXNews.

Standard Chartered FX strategists are recommending investors sell one-month U.S. dollar/Chinese yuan non-deliverable forwards with an outright entry of CNY6.475 to take advantage of underpriced CNY appreciation at the short-dated end of the curve.

The latest trade recommendations for top banks in FX show analysts are split over predictions for the US dollar, after reports showing weakening growth in the world’s largest economy.