Articles by Saima Farooqi
BarCap loses a further two to UBS
LONDON - UBS is continuing to lure FX staff away from Barclays Capital, with two additions from the UK bank in London.
HSBC completes first US cross-border renminbi trade settlement
NEW YORK - HSBC USA completed its first US cross-border renminbi settlement, following the extension of China’s renminbi trade-settlement pilot programme in June.
GFI Fenics in end-to-end FX options automation
GFI Group aims to transform the electronic FX options business by automating the entire workflow process of pricing, risk management, bilateral trading, structuring and sales, through version 12.1 of Fenics Professional.
Listorti takes top FX role at ANZ
SYDNEY - Eddie Listorti, former global head of fixed income, currencies and commodities at Dresdner Kleinwort, has returned to Sydney to head foreign exchange and commodities at ANZ.
CFH hires from CMC and Saxo
LONDON & COPENHAGEN – CFH Markets has made two key hires in London and Copenhagen, as it continues to expand its presence in the margin FX trading business.
Wertheimer takes top e-sales role at HSBC
HSBC has confirmed the appointment of Jeff Wertheimer as senior vice president and head of electronic sales for North America.
BMo shakes up London FX
LONDON - Bank of Montreal Capital Markets (BMo) has reorganised its FX business, seeing the return of Lorne Gavsie, managing director in FX, to Toronto from London.
In Brief, September 13, 2010
Read this week's In Brief to stock up on the latest technology news around the FX world.
Retail brokers evolve to meet regulation
NEW YORK - Retail brokers in the US continue to shape up internal business practices to abide by best practices introduced by industry regulator the National Futures Association (NFA).
Morgan Stanley hires trading head in Asia
David Hong has joined Morgan Stanley as a managing director and head of FX and emerging markets trading for Asia, based in Hong Kong.
Voting now open for the FX Week Best Bank Awards!
Submit your vote for the 2010 Best Bank Awards, organised by FX Week.
RBS hires in prime brokerage from BarCap
STAMFORD, CT - Royal Bank of Scotland is expanding the Americas coverage of its prime-brokerage business with the hire of Matthew Shuman to its fixed-income, currencies and commodities (FICC) prime brokerage team.
Turnover reaches $4 trillion
Trading between banks and the non-bank financial institutions surpassed interdealer volumes, reveal preliminary statistics from the Bank for International Settlements' (BIS) triennial foreign exchange survey.
Retail brokers win US leverage battle
The US Commodity Futures Trading Commission (CFTC) buckled to pressure from retail traders by abandoning a proposal to reduce leverage to 10:1 from 100:1, in new rules published last night (August 30).
Alpari US live with Morgan Stanley FXPB
Retail trading company Alpari US has dropped Newedge in favour of Morgan Stanley as its foreign exchange prime broker, as part of plans to reduce trade sizes and auto-hedge its retail flows.
SEB FXPB targets Q4 live date on EBS and Reuters
SEB will go live with three prime brokerage clients on EBS Spot and Thomson Reuters Matching for Prime Brokerage at the start of the fourth quarter.
Thomson Reuters veteran to leave
Mark Redwood, president, sales and trading, in the markets division at Thomson Reuters in London, is due to leave by the end of the year, the company confirms.
Malaysia liberalisation sparks ringgit rise
KUALA LUMPUR - The Malaysian ringgit reached 13-year highs against the dollar last Thursday, as officials relaxed currency controls on corporate hedging and international trade settlement on August 18.
Best at FX Bridge
ATLANTA, GEORGIA – Stephen Best joined FX Bridge Technologies as chief executive this month.
Bringing exchange values to OTC
The International Organisation of Securities Commissions (Iosco) published its principles for direct electronic access to markets last Friday (August 13). The guidelines don’t affect foreign exchange but raise some interesting points.
FXall adds head of global trade support
NEW YORK - Quito Zuba joins FXall as senior director and global head of trade support, as of today (August 16), in New York.
Credit Suisse gets green light in India
MUMBAI - Credit Suisse has received a licence from the Reserve Bank of India (RBI) to establish a bank branch in Mumbai, it said last week.
Deutsche in sales build-up
LONDON - Deutsche Bank has boosted its sales coverage of corporate and institutional clients with eight hires in recent weeks.
RBC hires European e-distribution chief from Citi
LONDON - RBC Capital Markets has hired Katherine Krebser as head of e-commerce distribution for Europe from Citi in London.