News
BNP Paribas appoints global FX alpha head
15-year veteran joins BNP Paribas in New York in senior FX role
No Sef clarity required for chatroom trading
SuperDerivatives' claim that more clarity is needed by the CFTC on footnote 88 is dismissed by one US-based platform
Time for clock synchronisation - regulators
Global regulators assess the need for a central reference clock to help investigations into alleged abuse of financial markets
Deutsche Bank adds global head of compliance
With a hire from UniCredit, the German bank joins the ranks of other majors adding compliance personnel to their teams
UBS and Morgan Stanley hire FX spot traders
Both banks bring in FX spot traders in New York amid investigations into alleged manipulation of WM/Reuters benchmark
China's FX options reform to improve corporate risk management
Onshore corporates able to conduct a wider range of risk management approaches following relaxation of the rules surrounding option use
Salmond hammered over lack of ‘Plan B’ for Scottish currency
Yes campaign leader criticised over currency stance in live TV debate on August 5
UBS appoints senior algo trader in FRC division
Following a decade at Barclays, Pierre Vermaak joins UBS
Trading Places, 4 August, 2014
Changes at Credit Suisse, HSBC, EBS, RBS and Barclays this week
JP Morgan appoints senior executive to new compliance team
US bank creates new team within the FX and rates unit, responsible for regulation and compliance
CME Fenics purchase sheds light on broker struggles
Need for a cash injection to ride out current low volatility may lead to further sales, say participants
Cross-margining key for RMB futures market - SGX
Cross-margining contracts across asset classes will give SGX a competitive advantage, with up to 30% margin savings, the exchange claims
EM currencies offer hope amid low volatility
FX strategists say emerging market currencies still present opportunities in some regions, despite poor volatility in G-10
Spot volume retracts by one-third
Central bank surveys published on July 28, and public monthly data from EBS, Thomson Reuters and Hotspot highlight the decline
CLS appoints chief information officer
LCH.Clearnet CIO jumps ship after three years to take on a similar role at CLS
‘Artificial’ FX prime brokerage prices on the rise
Following a pullback from FXPB by some banks, prices are rising to reflect increasing capital requirements and CLS fees
FX treasurer exits Maple Leaf Foods
Risk manager at the Canadian food giant leaves his FX role and is understood to be looking for a new position in the industry
StanChart hires senior salesmen in New York
Recent hires at StanChart look to build on Kikis' new role in New York, following his relocation from Singapore in June
FX volumes up over six months, but down year on year
Spot and options turnover down significantly on April 2013, and are the main contributors to falling market volume
Pencil in a year-end parity party
Relative growth, commodity prices and valuation favour further declines in the cross, despite post-RBNZ knee-jerk spike
OTC market fragmentation rises in wake of Sef trading
Isda research highlights split between US and Europe in swaps trading
FX reserves hit historic highs
Growth in FX reserves continued last year, but at reduced speed
Reconciliation requirements threaten delegated reporting
Another regulatory deadline, another set of headaches for banks and buy-side participants