Articles by Robert Mackenzie Smith
StanChart hires Darwell from Morgan Stanley
Eric Darwell will join Standard Chartered in New York next month to head up Asian FX trading in the region
MarkitServ upgrades CCP interfaces to enable FX reporting
Middleware provider has revamped the FX clearing interface with LCH.Clearnet and CME Group, to meet CFTC rules requiring CCPs to report
Ex-Goldman Sachs salesperson joins Jefferies in Singapore
Stephane Targui has joined the US bank in Singapore, taking up a senior sales position in the region
EBS appoints head of market surveillance
Simon Friend joins from the UK Financial Services Authority as EBS continues to expand its global management team
Goldman Sachs hires in Australian FX sales
Catherine Rich joins from Deutsche Bank to cover real-money sales, based in Sydney
Weakening euro lands RBS on top
Royal Bank of Scotland forecast in mid-February that the euro would continue its weakening trend, landing the bank at the top of the one-month rankings
Trade reporting hits hurdles as regulators overwhelmed by data
The CFTC last week admitted it is having trouble making sense of the masses of OTC derivatives data now being reported to repositories, casting doubt on the stability of the new reporting regime
ACI on the hunt for its first chief executive
ACI president Manfred Wiebogen is to step down, once a full-time chief executive has been appointed later this year
Goldman Sachs loses Asia sales head in Hong Kong
Peadar Ward has left Goldman Sachs, having relocated from London to Tokyo in 2006, and later moving to Hong Kong
FX sales director departs SG CIB
Julia Westcott-Hutton, a director in FX sales in London, is leaving the bank after 15 years
Northern Europe FX sales head exits Nomura
Two departures from the FX sales team at Nomura in London
Complexity and costs of clearing continue to cause concern
Mandatory clearing of OTC derivatives could lead buy-side firms to leave a greater portion of their risks unhedged, warn speakers at a buy-side conference in London
Lloyds hires ex-SG CIB Christophe Coutte
The former co-head of Ficc at SG CIB is joining Lloyds to run the bank's rates business in London
Russia remains slow to adopt real-time settlement
Participants believe the development of Russian ruble trading could be in deadlock as a result of the slow adoption of real-time gross settlement by Russian banks
CFTC rules on mid-market disclosure put banks under pressure
With just six weeks to go until the deadline for banks to disclose the mid-market price on certain FX trades, banks face considerable technology hurdles to comply
Diverging regulation greatest threat to FX market, say clearers
Speakers from LCH.Clearnet and CME Group at Bloomberg event say differences in regulatory approaches in the US and EU are the biggest threat to growth in FX
Central banks grapple with risks arising from FX reserves
Holdings of foreign exchange reserves at central banks has increased since the crisis, and market participants believe diversification into new currencies could now pick up
JP Morgan reshuffles Emea FX sales team
Changes at US bank see Max Leffen and Michael Spencer, both take on senior roles in Emea institutional sales team
BAML on top with view on Swiss franc weakness
The US bank has hit top spot in the 12-month rankings after forecasting a fall in the Swiss franc's value as eurozone sentiment improved last year
Investors return to FX as volatility and volumes rise
Banks are reaping the benefits of the return of hedge funds to the FX market as a result of rising volatility, which in turn is driving volumes higher
360T eyes further growth as volumes rise
Forex multibank platform 360T has expanded in recent years and now trades average daily volume of $50-55 billion, but chief executive Carlo Kölzer sees room to grow further
Deutsche gains ex-Credit Suisse hedge fund sales head
Thomas Farrer will join Deutsche Bank in London next week, reporting to Brian Sweetnam
360T expands Americas presence
Platform has appointed a new institutional sales manager in the US, following two senior hires last year, and the departure of former regional head Philip Harris
FX Invest Europe: buy side diverges on value of e-trading
Speakers at FX Invest Europe conference in Zurich last week questioned the benefits of the increasing number of choices when it comes to electronic platforms and trading technology