News
Goldman Sachs appoints Sydney-based Ficc sales head
The US bank promotes 15-year veteran Nell Hutton to run Ficc sales in Australia, reporting to Simon Rothery and James Houghton
Sigma Broking appoints FX desk head
Former UniCredit FX derivatives head moves to Sigma Broking after several months away from market
FX benchmarks manipulated 10-30% of times, MPs told
Scope of manipulation also similar in other asset classes such as gold markets
Kotecha quits Credit Agricole for Barclays
FX strategy veteran Mitul Kotecha has left the French bank after 14 years to work under David Fernandez at Barclays
Markit to launch electronic service for FX options
Together with Barclays, Citi, HSBC, JP Morgan, Morgan Stanley, Nomura, RBS, UBS and Citadel
Integral makes senior management changes
Jon Barker will run the products division while his sales role has been filled by Richard Farrell in New York
Ex-Threadneedle chairman joins LCH.Clearnet board
Davies has more than 30 years of experience in the asset management industry
Thomson Reuters publishes Matching rule book
Follows draft published in March, ending a year-long consultation with clients
Access to collateral may prove problematic
Academic study warns of ‘immoblised’ inventories
Worries rise over senior exits
Subdued FX markets are a result of senior traders exiting banks and a tighter risk appetite being adopted by remaining participants
Corporates get ready to hedge renminbi risk
Uptick in renminbi volatility brings more corporates to hedging market
Corporates revise hedging strategies, survey reveals
Wells Fargo's biennial survey marks an ongoing trend among corporates to hedge significant portions of their balance sheet
Beach Horizon loses general operating manager
The hedge fund has seen a senior manager leave in London, as well as its US feeder fund close down after more than four years
Sagurton moves up the ladder at State Street
Changes at the US custodian continue as Rob Sagurton joins from Currenex in New York, reporting to Peter Williams
Citi e-FX sales director departs
Departures in New York continue as an e-FX sales director exits Citi shortly after G-10 FX head Jeff Feig moves to the buy side
Weng Cheng replaces Currie as head of eFX sales
Currie was responsible for eFX sales in the Asia-Pacific region
Fidessa appoints Polen as global head of e-execution services
The appointment reflects changing market conditions, says Fidessa
CCIL-cleared forex forwards volumes double after mandate
European banks begin clearing in India, despite lack of an EU equivalency ruling
Citi appoints Bindler to replace Feig
Following Feig's departure to Fortress Investment Group
Central bank reserve managers downbeat on euro
Managers down on euro, but see improving prospects for USD, GBP and Commonwealth currencies
Barclays cuts FX sales staff in New York
Banking giant streamlines FX sales
Paired delivery floated as options-clearing solution
A paired-delivery model proposed by CME has not been looked upon favourably by the US regulator, with further industry talks expected in July