News
Deutsche suspends Mexican peso trader
Diego Moraiz placed on leave in New York; other people moves at HSBC, Wells Fargo, Standard Chartered and UniCredit
Revolving doors at State Street as Reilly exits
James Reilly has left State Street Global Exchange just two months after he and Mike Irwin joined from Morgan Stanley, while Andrew Lewis has joined from Deutsche
Hungary targets forint entry into CLS
Hungary's central bank has committed itself to bringing the currency into CLS, FX Week understands, and sources believe it could be added as early as next year
Banks reconsider prime brokerage models
Small and medium-sized clients find it harder to access interbank markets
UniCredit's FX derivatives chief exits
Peter Jerrom has left UniCredit after five years and is understood to have been replaced internally by Nick Gentle
Independent Scotland must cede some sovereignty to keep sterling
Bank of England governor Mark Carney warns of tough choices ahead for Scotland if it goes ahead with independence but looks to keep the pound
Disappointing Q4s cited as proof of Ficc regulatory squeeze
The pressure of regulation is making its mark on the profitability of the fixed income, currencies and commodities businesses of large banks, say analysts
FX traders break up USD/EM basket for first time in five years
The market has seen a shift in emerging markets trading as FX traders focus on currency differentials
Nomura’s Neal to join Deutsche
Michelle Neal has left her senior role at Nomura to join Deutsche Bank as global head of listed derivatives in the markets clearing and Fic market structure business
Ex-BAML Seebacher joins Brevan Howard
Gerhard Seebacher joins Brevan Howard in New York as co-head of global debt trading, after 18 years at Bank of America Merrill Lynch
FX volume resumes steady rise after yen-driven spike, surveys reveal
Turnover in the US and the UK declined between October and April, with a sharp fall in spot, but volume remains up year-on-year
Banks to shun FX platforms over transparency
Banks increase scrutiny of aggregation practices over transparency concerns
Credit Suisse’s Buckley joins FastMatch
Paul Buckley has left Credit Suisse after six years to join FastMatch, reporting to Dmitri Galinov
Lack of hedging options for RQFII ETF market-makers
Difficulty in accessing onshore market means liquidity providers are having trouble hedging China A-share exposure
Morgan Stanley promotes Wright and Diamantini
Managing director title awarded to David Wright and Stefano Diamantini; other hires at BCS and Brown Brothers Harriman
Icap sees steady NDF volume on Sef
Reported data shows Icap's Sef trading roughly $6 billion daily volume in non-deliverable forwards but other Sefs have fared less well, including Integral, with just one trade
Currency fund performance still stuck in ‘perfect storm’
Currency funds continue to under perform other asset classes, but investment managers see improvements in 2014
Regulators urged to extend benchmark probe to the buy side
Investigations into FX reference rate manipulation should extend to the activities of large buy-side firms as well as FX sales desks, say market participants
Savage launches multi-strategy hedge fund
Former FX Concepts executives Robert Savage and Ron DiRusso launch Citic Capital Holdings
Volume data creates distorted view of liquidity
As the six main FX committees prepare to release the results of the latest semi-annual FX turnover surveys this week, Joel Clark looks at volume trends in the industry over the past three years
BNP Paribas hires in e-FX sales
Amish Naik joins the French bank in New York, having previously been at Citi for more than three years
OTF transparency waivers survive final Mifid debate
European disclosure regime for derivatives platforms diverges from that in US
FX Focus trade repository Q&A
Alongside derivatives counterparties and regulators, trade repositories form the final part of a triumvirate that must work together if the European Market Infrastructure Regulation’s trade reporting regime is to begin smoothly on February 12. Leading…
February 12 trade reporting deadline – Failure warning
With the European Union’s February 12 trade reporting deadline fast approaching, few give the market any chance of being fully ready. Participants point to the significant challenge posed by complex reporting rules, and the shortened timeline to…