Articles by Robert Mackenzie Smith
Dollar bulls will have to wait, says Rabobank
Rabobank claims top spot in the three-month rankings as uncertainty in the US weighs on the dollar
FX desks ponder brokerage fee for fix trading
Allegations regarding manipulation of FX rates have prompted some banks to consider an agency-style model
StanChart loses in FX investor sales
Veteran salesman Paige Orr departs Standard Chartered's investor sales group
Barclays appoints McGowan to head FX trading
Former global FX options and forwards head Adrian McGowan receives second promotion in just over a year
FX options trader exits BAML
Ceemea trader Andrew Bailey departs the bank in London
Eurex delays launch of FX derivatives
Eurex has joined CME Europe in delaying the launch of FX derivatives, with no new dates set for launch by either exchange
Future of agency FX depends on size, says Chapdelaine chief
Douglas Borthwick, FX manager at Tullett Prebon's Chapdelaine agency desk, believes recent regulatory challenges show that size will be the key factor for agency intermediaries
Swiss regulator investigates FX rate manipulation
Switzerland's Finma this morning announced it is investigating manipulation of exchange rates, while UBS is reported to have dismissed its spot-trading heads
US government shutdown impacts on dollar expectations
The timetable for tapering of quantitative easing and the performance of the US dollar could both be impacted if the shutdown continues, say strategists
Saxo appoints Pedro Borges to head Saxo Bank Brazil
Saxo Bank has opened its third office in South America as it looks to expand its presence in the Latin American market
CFTC relief welcomed but concerns remain as Sef rules begin
A string of no-action relief letters issued ahead of today's deadline have been welcomed, but some participants believe they still don't go far enough
Meet the Sefs
The weeks leading up to the October 2 deadline for registration as a swap execution facility (Sef) under the US Dodd-Frank Act have seen a wave of new platforms receive approval from the Commodity Futures Trading Commission (CFTC). Robert Mackenzie Smith…
Sefs struggle with CFTC reporting rules
A lack of clarity over reporting obligations has left would-be Sefs struggling to adapt processes and workflows
Options platforms will miss Sef application deadline
Digital Vega and SurfacExchange do not expect to meet the CFTC's October 2 deadline to register as Sefs
High-frequency firm AienTech shuts up shop
Technology-focused hedge fund made its mark in FX as a top provider of volume to bank platforms
Monex Europe on top with strong EUR/USD view
An accurate view on Fed tapering - or lack thereof - has leapfrogged Monex Europe to the top of the one-month rankings
BAML hires FX options head from Goldman Sachs
Bank of America Merrill Lynch makes another FX trading hire from Goldman Sachs as it continues its FX expansion
FXCM buys majority stake in Faros Trading
FXCM continues its aggressive expansion as it acquires a 50.1% stake in FX agency firm Faros Trading, four years after it was established by Ray Kamrath
Citadel pushes fixed-income expansion into FX
Fixed-income business heads Derek Kaufman and Richard Mazzella explain their strategy in expanding Citadel's growing fixed-income business into foreign exchange. Robert Mackenzie Smith reports
Trade reporting is driving FX options out of the US, say dealers
FX options traders looking to avoid Dodd-Frank legislation have been deliberately changing their trading habits to avoid reporting regulation
BNP Paribas restructures fixed-income management
Changes see global head of fixed-income trading, Guillaume Amblard, become head of the new foreign exchange and local markets group
BAML loses co-head of Ficc trading
Gerhard Seebacher departs, leaving David Sobotka as sole head of the Ficc trading business
Currenex hires from Morgan Stanley FXPB
Robert Sagurton, who was part of the Morgan Stanley FX prime brokerage team that saw a recent reshuffle, has joined Martine Bond at State Street
Nomura hires in FX sales and trading
Bank gains spot trader from Credit Suisse and salesperson from Investec, but also sees a departure in FX sales