News
Tarns gain favour as investors seek to exploit range-bound pairs
Target accrual redemption notes have regained some popularity after losing favour during the crisis, but investors are keeping a firmer eye on the risks, say dealers
Ex-RBS Asia strategist moves to the buy side
Woon Khien Chia left RBS in late January and will join Singapore-based hedge fund JL Capital in May
Ex-Goldman Sachs salesperson joins Jefferies in Singapore
Stephane Targui has joined the US bank in Singapore, taking up a senior sales position in the region
EBS appoints head of market surveillance
Simon Friend joins from the UK Financial Services Authority as EBS continues to expand its global management team
Goldman Sachs hires in Australian FX sales
Catherine Rich joins from Deutsche Bank to cover real-money sales, based in Sydney
Foreign exchange market set for growth in 2013
Drop in global asset correlation and regulation set to favour foreign exchange
Thomson Reuters Dealing expands into Nepal
Vendor reveals that 21 dealers in Nepal are live on its conversational dealing platform
Depositors will trust EU guarantee despite Cyprus, says BdF official
Policy-makers have incentive to accelerate deposit guarantee plans, says Sylvie Matherat of the Banque de France
Trade reporting hits hurdles as regulators overwhelmed by data
The CFTC last week admitted it is having trouble making sense of the masses of OTC derivatives data now being reported to repositories, casting doubt on the stability of the new reporting regime
Rolling spot faces inclusion in Dodd-Frank
FX spot is expected to be exempt from US clearing and exchange trading rules, but rolling spot could be classified as a CFD and so included within the scope of Dodd-Frank
Broader US person definition could cause clearing avalanche, participants warn
A large number of offshore funds could be classified as US persons once a CFTC exemption expires in July, subjecting them to Dodd-Frank transaction-level rules
Sberbank CIB appoints FX trading chief
Steven Weller, who formerly headed FX for Asia-Pacific at Barclays, joins Russia's Sberbank in Moscow
ACI on the hunt for its first chief executive
ACI president Manfred Wiebogen is to step down, once a full-time chief executive has been appointed later this year
CFTC ‘neglect’ of Sef rules angers platform providers
After missing numerous deadlines to finalise the criteria for Sefs, the CFTC will not publish the rules until late April at the earliest, much to the frustration of market participants
ADS Securities sales head resigns
Patrik Nagel, head of sales for Mena, is leaving the Abu Dhabi-based brokerage, having joined from FXall in 2011
Goldman Sachs loses Asia sales head in Hong Kong
Peadar Ward has left Goldman Sachs, having relocated from London to Tokyo in 2006, and later moving to Hong Kong
FX sales director departs SG CIB
Julia Westcott-Hutton, a director in FX sales in London, is leaving the bank after 15 years
Northern Europe FX sales head exits Nomura
Two departures from the FX sales team at Nomura in London
Complexity and costs of clearing continue to cause concern
Mandatory clearing of OTC derivatives could lead buy-side firms to leave a greater portion of their risks unhedged, warn speakers at a buy-side conference in London
Client funds are safe, claim Cyprus-based FX brokers
Cyprus has become a haven for retail FX brokers in recent years, but the crisis that has arisen from the rejected bailout package this week has unsettled the market
FXall re-hires sales director in Singapore
Shaun Tan will re-join FXall in Singapore next month after two years at ADS Securities, weeks after Wyman Shing left FXall for RBS
‘Easy’ stage of yen decline is over, says Jim O’Neill
Further weakening of the Japanese yen may be more gradual than in recent months, but the yen and the Swiss franc are the only G-10 currencies worth trading, says GSAM chairman
Lloyds hires ex-SG CIB Christophe Coutte
The former co-head of Ficc at SG CIB is joining Lloyds to run the bank's rates business in London
Trading places, March 18, 2013
CRT Capital makes two senior hires in equities, while Esma elects a new board member