Robert Mackenzie Smith
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Articles by Robert Mackenzie Smith
Agency execution model gains favour for FX trading
Under pressure from new regulations that will constrain balance sheet usage, the agency model is becoming increasingly popular with banks, but agency desks won't escape forthcoming hikes in cost
Barclays wins with forecast of yen weakness
A forecast that the yen would weaken during November ahead of forthcoming Japanese elections lands Barclays at the top of this week's one-month currency forecast rankings
Newscape Capital launches quant FX fund
London-based Newscape believes investors have too much focus on fixed income and equities and should have more capital committed to the FX market
Credit Suisse EMFX options head to join Jefferies
Jefferies Bache has hired a senior trader from Credit Suisse to expand its FX options business in London
FX e-commerce head departs BNP Paribas
Chester Boles has left the French bank in New York after seven years
Credit Suisse concentrates Asia FX in Singapore
The Swiss bank is seeking to focus its FX business for the region in one location, except for small teams in Tokyo and Hong Kong
Icap pushes into disclosed FX liquidity with EBS Direct
The launch of relationship-based pricing through EBS has attracted support from 19 named liquidity providers and will bring the platform into direct competition with ECNs and technology vendors
FX Week Europe: Disaster in the eurozone still plausible, warns Neil Record
Founder of Record Currency Management favours a new type of hedging product that protects investors from the exit of eurozone members
Euro will survive and RMB will be convertible by 2017, say industry leaders
Speaking in the final panel discussion at the FX Week Europe conference, senior market participants made their predictions about how the FX market will evolve over the next five years
Credit Suisse e-FX sales co-head departs
The latest exit from Credit Suisse's FX sales team is its co-head of e-FX sales for the Americas
Deutsche creates Fic division under Amrolia and Felson
Zar Amrolia and Wayne Felson have been appointed co-heads of a new fixed income and currencies division at Deutsche Bank
FX Week Europe: Global consistency essential for FX regulation
Regulators in Europe must follow the Treasury's lead in exempting FX swaps and forwards from new regulatory requirements, argue speakers at FX Week Europe
Denmark’s Jyske Bank to roll out Progress/Caplin FX platform
Jyske Bank is implementing a new single-dealer platform for FX, based on technology developed by Progress Software and Caplin Systems
FX sales manager exits Credit Suisse
The head of the premium solutions and banks team in Zurich is the latest departure from Credit Suisse's FX sales team
US dollar remains the safe haven of choice, says CMC Markets
CMC Markets forecast in mid-October that the US dollar would appreciate narrowly against the euro and the yen, landing it at the top of the one-month rankings
Danske ends four-year hiatus to reclaim Scandi award
In addition to its natural focus on Scandi currencies, the Danish bank is seeking to expand its global footprint, particularly in emerging markets
Citi bumps up awards tally to scoop eight categories
The launch in January of Velocity 2.0, the latest incarnation of Citi’s FX platform, has been a key driver of its success in a number of different areas this year, according to the bank’s FX management team
Thomson Reuters and FXall still on top
As two become one, FXall and Thomson Reuters have both topped their individual award categories again this year
SuperDerivatives and Bloomberg scoop vendor awards
SuperDerivatives has risen gradually to the top spot for risk management and options pricing, while Bloomberg has again won best market data provider for FX
Tullett Prebon hires ex-Faros trading head
The interdealer broker is expanding its resources as it seeks to use the Chapdelaine business it acquired to build an agency desk
CLS adds Swedbank as a settlement member
The Swedish bank is the latest bank to become a settlement member of CLS, after Lloyds was added in September 2011
Citi hires Ceemea options trader from RBS
Citi has added Daniel Mitchell to its FX options team and made a number of hires in FX sales
Barclays Asia FX strategy head departs
Head of FX strategy for Asia ex-Japan has left Barclays after just 15 months at the bank
Bearish euro view pays off for Wells Fargo
Wells Fargo forecast a year ago that the euro would weaken substantially in the long term, landing the bank at the top of the 12-month forecast rankings