After seven weeks in the dock, ex-Tullet broker Roy Young was acquitted by the jury at Southwark Crown Court on all seven charges of money laundering (Ex-Tullet broker in court) on Tuesday this week.

After a lazy summer, October volumes were expected to soar. Reuters, CLS and EBS all benefitted from autumn’s fruitfulness – even FXall reported a record day – to beat September numbers. CME’s season was clouded by Keat’s mist: its number fell slightly on the month.

Traiana has hired Patrick Thornton-Smith as director, market development of exchange-traded derivatives, which coincides with the expansion of the Harmony network to cover ETDs.

We try not to repeat ourselves at theweeklyFiX, but sometimes the temptation is too great – especially for one as good as this in the week that Lloyds announced its replacement for Eric Daniels as CEO.

When Santander Chile priced a $1.2 billion triple-tranche bond in September, one of the tranches was a 10-year peso bond, worth an equivalent $500 million. It was the region’s first Europeso corporate bond since the global financial crisis and an illustration of how investors, especially from overseas, want to capture the yield and carry from Latin America’s local assets.

Constipation may better describe the situation of the US economy than champagne cascades, and the risk investors face is that relief may come in too big a dose!

The EU’s plans to tighten measures to prevent eurozone instability and discipline transgressors are admirable in theory. But implementation will be a tough task and is not in any case achievable until 2013.

The easy environment is pushing asset prices in Latin America to boiling point.

Spate of interventions boosts volumes; Emerging countries seek to stem capital inflows

Second rise in as many weeks; Analysts sceptical of its effectiveness

Betfair, the online sports betting exchange, has launched a retail CFD and FX platform this week. It allows customers to trade rolling spot FX contracts and CFDs in equity indices, commodities, bonds and interest rates.

Some banks are quicker at adding up their revenues than others. The US banks invariably publish their results first , while the rest follow on in their own sweet time: Barclays and HSBC figures won’t be out until November 9 and 10 respectively. This week, though, we have the two big Swiss firms and the leader of the Euromoney FX survey for the last six years, Deutsche.

It has been a busy week for the launch of indices and synthetic currencies, which points to plenty of vibrancy in the market. I thought Mansoor Mohi-uddin, UBS’s head of FX strategy, was going a bit far in predicting average daily volumes in the FX market of $10 trillion by 2020, but I can’t deny that it feels like the market is expanding very rapidly at times. If Mansoor is including the use of products such as these in his figures, he might not be too wide of the mark:

Industry veteran Brad Leek has started his own recruitment company, EngageSearch (http://www.engagesearch.com, as you might have guessed). Having worked these last 30 years at UBS, Bankers Trust, RBC and most recently RBS, where he was global head of financial institution FX and prime brokerage sales, Leek shouldn’t be short of contacts. Nevertheless his fellow partners in the venture are seasoned recruitment professionals Peter Harwood and Alex Beresford.

Commerzbank has announced the appointment of Tan Kok Wee as head of fixed income and currencies sales Asia.

The National Futures Association announced on Thursday that they have ordered Gain Capital to pay a $459,000 fine as a result of an NFA complaint issued on June 30 (National Futures Association serves complaint to Gain Capital).

Not that I know anything about Shariah law, but I would have thought a Shariah-compliant FX trading platform would be a long way off. But no, Bank of London and The Middle East (BLME) has announced “the launch of BLMEFX, one of the world’s first Shariah-compliant web-based FX trading platforms to provide clients with direct access to multiple currencies in order to undertake overseas transactions.” Note the words: “one of the first” – it’s obviously been done before; shamefully, your correspondent doesn’t know any more than that.

Swiss retail broker ACM had been vying for a precious Swiss banking license for over a year until it was denied one by Finma, the Swiss Financial Market Supervisory Authority, last month. Sources within ACM said at the time that they expected the firm to be sold up by Christmas – it seems it has happened quicker than expected.

Lloyds TSB has appointed Robert Garwood as MD and head of FX sales, reporting to Clare Francis, head of sales and derivatives structuring.

FXall has relocated to its new corporate headquarters in New York, just down the road to the Post Office building at 909 Third Avenue.

Word reaches the weeklyFiX that Darren Coote, UBS’s global head of G10 spot FX trading has left the bank. Coote is well regarded as a trader and manager and has a reputation as one of the more e-savvy FX heads around, which makes it a little strange that his departure coincides with the arrival of what was the Barclays algorithmic trading team. Perhaps the role of head of spot trading might appear undermined if the plan is to run all of UBS’s flow through a black box.

The G20 meeting is now in progress in Gyeongju, South Korea, with the central bank governors and the finance ministers all in session – presumably this is the part where all the work is done.

Gain Capital has acquired the retail FX customer accounts of Capital Market Services in the US, Bermuda, UK and Japan, and has already begun moving them to its retail site, Forex.com, the company officially announced this week.

We heard that Jeremy Adam joined Lloyds last Monday as a director in the structuring team and Lloyds have confirmed that this is indeed the case.

Traiana, the post-trade processors, have just opened a new representative office in Tokyo.

Icap will have a new group finance director after Matthew Lester announced that he is leaving for Royal Mail Group next month as their chief financial officer.

The small steps towards yuan convertibility continue this week with Standard Bank’s move to offer settlement in the Chinese currency.

Our rummage through the quarterly earnings reports of the US banks shows, with one exception, less money made out of FX in this quarter than the last. This isn’t a surprise, the European sovereign debt crisis (whatever happened to that?) of the second quarter was a godsend for volatility and volumes; the third quarter, while it ended with a flourish, was more noted for the depth of the summer slumber.

A truncated roundup this week as it’s all too much up in the air for any clarity - especially this morning which is of the ‘after the night before variety’. It was off to the Shooting Star in Middlesex Street last night to celebrate the 50th birthday of Mark Hansell. I’m getting to old for all this celebrating.

We did say that positions were too polarized to expect anything meaningful out of last weekend but didn’t expect absolutely nothing to result. And we didn’t expect the polarization to grow even more acute during the week.