News
Goldman Sachs hires in FX sales and trading
New hires at Goldman Sachs and Commerzbank while HSBC's prime-brokerage head relocates to Asia
Weaker franc leads to speculation over future of SNB floor
Volatility has picked up in EUR/CHF this year, but traders believe the franc needs to weaken a lot more before the Swiss National Bank would consider easing its policy
Russia's ruble expected to become major currency by 2015
Market participants are bullish about the ability of the ruble to quickly penetrate the group of top global currencies, but settlement issues remain the biggest obstacle
FX markets in mid-year lull as yen volatility dries up
The yen has become more range-bound following its dramatic fall earlier in the year, creating a lull in FX market activity during the western summer weeks
ANZ expands in corporate sales
As part of the Australian bank's European growth strategy, ANZ has appointed two heads of corporate multi-asset sales in London
Thomson Reuters reduces price granularity in three currencies
Mexican peso, South African rand and Russian ruble are now priced at a minimum tick size of five pips rather than single pips, taking Thomson Reuters Matching a step further away from decimalisation
Guillaume Huteau departs BAML
Head of Ceemea FX trading is leaving BAML after 18 months at the bank in London
UBS FX quant head moves to Citi
Mark Meredith departs UBS to co-head Citi's Autotrader platform in London
CLS to open Hong Kong office in bid for Asia expansion
Asia operation will open on August 20 under the leadership of Rachael Hoey, who relocates from London to become head of CLS Asia
Jefferies hires Chris Eagle to head institutional FX sales
Marex Spectron's former global head of FX joined Jefferies in London yesterday to head institutional FX sales in Europe
UBS makes senior appointment in FX prime brokerage
Andrew Rosoman started at UBS today, having joined from rival Credit Suisse
Relationship management head to leave CLS
Steve Scully is leaving CLS in New York, where he had worked since 2010, and will join ParFX
Sef regime begins, but platforms concerned over 'permitted' rule
Multi-dealer platforms are worried that, although they have to register as Sefs now, clients might be deterred from using them until they have to
Flight from EUR/USD leads to record low volume on EBS
Summer downtime and poor dollar performance combine to give EBS its worst set of figures for seven years
ACT hires two from Citi to run platform for high-net-worth clients
Patrick Haberstock and Thomas Walcher have joined ACT Currency Partner in Zurich to get a new platform off the ground
Dion rolls out RFQ system for FX options
Technology vendor aims to help clients, particularly second-tier banks, meet new regulatory requirements for options
FX platform pricing needs a rethink, say banks
Greater transparency on fees at some new trading platforms is a welcome development, with banks calling on incumbent platforms to rethink their fixed costs, as well as the discounts they offer to incentivise volume
Dollar weakness bet puts Danske on top
The weakening of the US dollar will reverse as a result of economic strength rather than safe-haven flows, Danish bank predicts
LMAX hires ex-Citi salesman
Gareth Bowles has joined the new FX exchange in London
Ivan Ritossa joins Icap board
Former global head of FX left Barclays last year and recently took up the non-executive position on the board of interdealer broker Icap
CIBC hires ex-State Street sales head
Gerard Dodd joins Canadian bank in London, having left State Street last year after 12 years in senior sales roles
Integral sought investment from EBS, court documents reveal
During preliminary talks, EBS chief executive refused to sign a non-disclosure agreement, which would have prevented it from hiring Integral executives, according to testimony in the legal battle between Integral and its co-founder, Viral Tolat
Gain GTX makes senior hire in London
UBS veteran Peter Cronin will join Gain Capital on Monday, reporting to Joe Wald, head of GTX in New York
Corporate FX sales head exits Credit Suisse for Deutsche
Bryan Morales will join Deutsche Bank in New York in September, reporting to Dean Bellissimo