News
JP Morgan’s Rohrbaugh takes chair at Fed FX committee
Troy Rohrbaugh, global head of FX and rates at JP Morgan, succeeds Citi’s Jeff Feig as chair of the FX committee in the US
Bonuses will disappoint but job prospects encouraging, recruiters say
Headhunters say banks will look to replenish FX teams but bonuses will likely disappoint this year
FastMatch revamps matching engine to grab market share
Start-up platform has overhauled its matching engine to maximise fill rates and reduce response rates for clients as it seeks to grow volume
Chat room bans could drive traders back to the phone
Several banks have banned the use of chat facilities in response to the FX fix investigations, but some believe the ban may only make communication less transparent
Industry should be ready for reporting deadline, warns Esma
Despite ongoing challenges relating to European trade reporting, the industry has had 13 months to prepare and should be ready for the February 12 deadline, says European regulator
Saxo hires Matteo Cassina to head institutional business
New hire reflects Saxo Bank's determination to accelerate its push into the institutional market
Nomura hires Credit Suisse's Sandoz to head equities
Todd Sandoz has returned to the equity market at Nomura, having left his post as global head of FX and Stirt at Credit Suisse last year
Canadian FX committee chair retires
Donna Howard has retired from her role as CFEC chair and adviser to the governor of the Bank of Canada as Paul Chilcott takes over as CFEC chair
Deutsche hires Zinkin to co-head electronic trading
Martin Zinkin has joined the bank this month from BNP Paribas, reporting to markets electronic trading head Robert Mandeno
Mercury Forex diversifies from spot, takes over FX24
Swiss currency manager has collaborated with FX24 to launch a new discretionary trading programme
Newedge appoints co-heads for commodities and currencies
Franck Borgel and Francois Combes appointed to lead the firm's currencies and commodities business, following the departure of John Fay
Morgan Stanley veteran joins SG CIB in sales
Matt Miller moves to the French bank in New York, having been most recently at UBS after 23 years at Morgan Stanley
BAML's Bae promoted to top e-Ficc role
Christopher Bae becomes head of electronic trading for fixed income, currencies and commodities, with Denis Manelski stepping up to become global head of G-10 currency trading
HSBC expands in FX sales with senior hire
Mathijs Peeters joins HSBC as a director in FX sales to northern Europe after three years at Nomura
Revolving doors at Brevan Howard as Craignou joins
Ex-HSBC head Vincent Craignou joins Brevan Howard as a portfolio manager, while Neilan Govender returns to Credit Suisse after a short stint with the hedge fund
BBVA hires Horowitz from Marex Spectron
Sam Horowitz will split his time between trading emerging markets FX and developing BBVA's e-FX offering
RBS hires global FX options head from Santander
Simon Manwaring has joined Royal Bank of Scotland in London as global head of FX options, reporting to James Pearson
Nomura hires ex-SG CIB structurer
Benoit Duhil de Benaze has joined Nomura in London, where he reports to Tim Owens
BAML hires Asia FX trader in London
Andrew Young started at Bank of America Merill Lynch this week, reporting to Gavin Cook
FX clearing a priority for 2014, vows CLS chief
Working with banks and CCPs to facilitate central clearing of OTC FX options is 'high priority strategic initiative' for CLS this year, says chief executive David Puth
Offshore RMB market booming in London, report finds
A study by the City of London Corporation reveals the City's efforts to become a global hub for renminbi business are paying off, with daily spot value reaching $4.8 billion last year
Citi appoints institutional FX sales chief
Warsaw-based Misbah Shah is set to relocate to London to take over Okan Pekin's former role as global head of FX institutional sales in January
Extent of Sef-driven fragmentation revealed in Isda survey
Almost 80% of respondents indicate that Footnote 88, which required all platforms to register as Sefs by October 2, has resulted in fragmentation of liquidity in FX options and NDFs
Industry bets on clearer FX trends for 2014
As banks and investors cast their bets on the major currency movements to watch out for in 2014, FX Week presents the highlights of forecasts for the dollar, euro, yen and EM currencies