News
Lloyds hires in UK corporate sales
Andrew Stirling departs RBS after 10 years to join Lloyds in a London sales role. Meanwhile, Deutsche hires structurer from BAML, and City Index loses global head of trading
FX desks ponder brokerage fee for fix trading
Allegations regarding manipulation of FX rates have prompted some banks to consider an agency-style model
Banks push for greater adoption of two-way CSAs
The Bank of England's decision in 2012 to start using two-way collateral model fails to spur change, and traders are calling for more to adopt the model
US political gridlock puts EM currencies in stasis
EM currencies could still be badly affected by US default, say traders
Barclays appoints Cartledge to head new e-Ficc team
Management changes at Barclays globally after Cartledge takes on role leading the bank's new electronic Ficc trading team
RBI's shift in monetary policy welcome, say traders
The central bank’s reduction in its marginal standing facility is positive for India’s growth, but the rupee is still exposed to external risks
StanChart loses in FX investor sales
Veteran salesman Paige Orr departs Standard Chartered's investor sales group
Progress of RMB internationalisation ‘spectacular’, says SFC official
Speaking at the FX Week Asia conference, deputy chief executive of Hong Kong regulator highlights the importance of continuing to internationalise China's currency
Barclays appoints McGowan to head FX trading
Former global FX options and forwards head Adrian McGowan receives second promotion in just over a year
Portware to launch automated FX hedging tools
Trading software vendor launches new FX capabilities as it expands into increasingly electronic marketplace
BNP Paribas hires e-FX sales head for Asia-Pacific
Ex-Citi product manager Ashvin Parkash is the third senior hire made by BNP Paribas in recent weeks
FX options trader exits BAML
Ceemea trader Andrew Bailey departs the bank in London
Eurex delays launch of FX derivatives
Eurex has joined CME Europe in delaying the launch of FX derivatives, with no new dates set for launch by either exchange
FX salesman heads back to Barclays
Barry John Madden has moved back to Barclays after a short stint at National Australia Bank; other moves at Markit, SEB and the Bank of England
New chief executive brings multi-asset focus to ECU
ECU Group offers clients access to its high-powered investment committee as it moves into the global macro advisory space
Swiss regulator investigates FX rate manipulation
Switzerland's Finma this morning announced it is investigating manipulation of exchange rates, while UBS is reported to have dismissed its spot-trading heads
US Bancorp looks to build out FX options and technology
Jay Green, head of FX trading at US Bancorp in Chicago, has a mandate to expand into options after joining the bank from Morgan Stanley last year
Lack of Esma clarity delays progress on FX trade reporting
Questions raised by Isda concerning trade reporting workflows have not yet been answered, delaying preparations for the start of mandatory trade reporting early next year
US government shutdown impacts on dollar expectations
The timetable for tapering of quantitative easing and the performance of the US dollar could both be impacted if the shutdown continues, say strategists
CFTC shutdown leaves Sefs lacking clarity
Sefs and their clients question scope of no-action letters, but US government shutdown means no-one is able to provide guidance
FX Concepts teeters as clients exit and AUM plummets
Assets under management at FX Concepts have continued to fall and the fund's chief strategist confirms the board's ideas haven't worked so far
BNP Paribas hires UBS sales veteran
Sally Francis has joined UBS as head of FX investor sales for Emea, based in London
Saxo appoints Pedro Borges to head Saxo Bank Brazil
Saxo Bank has opened its third office in South America as it looks to expand its presence in the Latin American market
EBS and Thomson Reuters urged to rethink credit methodology
FX prime brokers say measurement of open positions on a gross rather than net basis exposes them to additional risk and reduces the effectiveness of controls such as the kill switch