Articles by Robert Mackenzie Smith
LMAX chief executive predicts FX volumes to double by 2020
LMAX has added offshore renminbi and the Russian ruble to its growing list of currencies as it hopes emerging markets will spark dramatic growth in FX volumes
Credit Suisse hires FX options trader
The Swiss bank is set to take on FX options trader Lotfi Bensassi in a senior role at the firm after he left UniCredit at the end of last year
Regulators take differing views on reporting fines
National regulators set penalty rates on Emir non-compliance, with confusing results
Citi and Deutsche take action against staff as FX probe continues
Chief dealer Rohan Ramchandani has been dismissed from Citi, having been on leave since October, while Deutsche has also suspended traders in the US
Chat room bans could drive traders back to the phone
Several banks have banned the use of chat facilities in response to the FX fix investigations, but some believe the ban may only make communication less transparent
Long-term bet on euro and yen lands CBA on top
The Australian bank accurately forecast at the start of 2013 that the euro would strengthen and the yen would weaken in the long term, putting it at the top of the 12-month rankings
Nomura hires Credit Suisse's Sandoz to head equities
Todd Sandoz has returned to the equity market at Nomura, having left his post as global head of FX and Stirt at Credit Suisse last year
Deutsche hires Zinkin to co-head electronic trading
Martin Zinkin has joined the bank this month from BNP Paribas, reporting to markets electronic trading head Robert Mandeno
Mercury Forex diversifies from spot, takes over FX24
Swiss currency manager has collaborated with FX24 to launch a new discretionary trading programme
BAML's Bae promoted to top e-Ficc role
Christopher Bae becomes head of electronic trading for fixed income, currencies and commodities, with Denis Manelski stepping up to become global head of G-10 currency trading
HSBC expands in FX sales with senior hire
Mathijs Peeters joins HSBC as a director in FX sales to northern Europe after three years at Nomura
RBS hires global FX options head from Santander
Simon Manwaring has joined Royal Bank of Scotland in London as global head of FX options, reporting to James Pearson
Perspectives on 2014: Gil Mandelzis, EBS
Last year was one of both innovation and frustration for EBS, as it continued to push new initiatives amid falling trading volume, but chief executive Gil Mandelzis is bullish for the future and believes the volume will recover
BAML hires Asia FX trader in London
Andrew Young started at Bank of America Merill Lynch this week, reporting to Gavin Cook
Citi appoints institutional FX sales chief
Warsaw-based Misbah Shah is set to relocate to London to take over Okan Pekin's former role as global head of FX institutional sales in January
Extent of Sef-driven fragmentation revealed in Isda survey
Almost 80% of respondents indicate that Footnote 88, which required all platforms to register as Sefs by October 2, has resulted in fragmentation of liquidity in FX options and NDFs
Industry bets on clearer FX trends for 2014
As banks and investors cast their bets on the major currency movements to watch out for in 2014, FX Week presents the highlights of forecasts for the dollar, euro, yen and EM currencies
Citadel hires ex-BAML options chief
Guillaume Huteau has moved to the buy side as risk officer at Citadel after leaving Bank of America Merrill Lynch earlier this year
Deutsche promotes Vos to senior Fic role
Adam Vos, formerly global head of FX forwards, has been promoted to co-chief operating officer of fixed income and currencies
Perspectives on 2014: David Tait, Credit Suisse
By integrating FX, rates and commodities under a single umbrella, global macro products, Credit Suisse hopes to embed a radical change of culture that will cater more directly to the cross-asset needs of its clients, says business co-head David Tait
Perspectives on 2014: James Kemp, global FX division
As the regulatory pendulum shifts from the US to Europe next year, there will be new challenges ahead, particularly as new trade reporting requirements come into force in February, says James Kemp, managing director of the GFMA’s global FX division
Contrarian view on dollar weakness lands SEB on top
The Swedish bank forecasted against the consensus in early September that the dollar would weaken against both the euro and sterling
EBS to consider latency floor extension within weeks
Analysis of the randomised pause applied to AUD/USD and USD/CHF is almost complete, allowing EBS to consider an extension to other currency pairs, says platform chief
Head of FX structuring exits Citi
Michele Ghidoni has left Citi after eight years, most recently as global head of FX structuring, while FX structurer Francesco Tonin has also left in New York