News
Trading places, March 11, 2013
New appointment at BNY Mellon Asset Management, while Morgan Stanley loses a sales head in Asia
GFI eyes expansion into PHP through Manila office
Interdealer broker hopes to offer forwards and NDFs in the Philippine peso by year-end, after it opened an office in Manila in January
Fenics partners with Traiana for post-trade connectivity
Fenics Software will use Traiana's Harmony network to connect its clients to trade repositories and central counterparties as mandatory reporting and clearing looms
FXCM share price drops 4.33% on results
Retail broker sees collapsing share price following weak earnings
Oanda discontinues social networking platform
Online broker shuts fxUnity within a year of launch amid fears of extensive risk taking
Dukascopy boosts coverage of Japanese and Turkish markets
Swiss bank forms partnership to expand footprint in Middle East and Asia
Credit Suisse prime services head to change roles
Philip Vasan, formerly head of global FX and now head of prime services, will move on to run the private banking division in the Americas next month
Deutsche gains ex-Credit Suisse hedge fund sales head
Thomas Farrer will join Deutsche Bank in London next week, reporting to Brian Sweetnam
UBS salesman returns after three years at Barclays
Swiss bank has re-hired an institutional FX salesman in Stamford who left the bank in 2010 to join Barclays in New York
360T expands Americas presence
Platform has appointed a new institutional sales manager in the US, following two senior hires last year, and the departure of former regional head Philip Harris
FX Invest Europe: buy side diverges on value of e-trading
Speakers at FX Invest Europe conference in Zurich last week questioned the benefits of the increasing number of choices when it comes to electronic platforms and trading technology
Senior trader departs Faros
Michael LaVina exits FX agency trading firm Faros Trading after less than a year in the role
EBS hires US sales head from Integral
EBS hiring season continues with the appointment of Integral's head of US sales, and the business has also appointed co-heads for the anonymous platform, EBS Market
Credit Suisse's US trading head departs
James Lanzilotti is leaving Credit Suisse in New York after less than a year as head of FX trading for the US
TraderTools adds order management to hosted aggregation service
New functionality is aimed at regional banks without 24-hour trading desks that need a third party to manage resting orders overnight
Trading places, March 4, 2013
Major new hire at LCH Clearnet, while a sales trader exits Bank of America Merrill Lynch in London
Sub-Saharan African currencies gain traction
The search for yield in currency markets is leading investors into new emerging market currencies in sub-Saharan Africa, according to banks focused on the region
FxPro exits Australia as retail rules come into force
Margin foreign exchange brokers in Australia come under increasing regulatory pressure
Let swap platforms trade futures – Icap’s Spencer
Icap's chief executive says proposed derivatives rules are reinforcing exchange monopolies
Saxo Capital Markets expects Latam retail trading revenues to grow 30% in 2013
Mexico, Colombia and Chile cited as key markets by director, Luis Pereira
Sterling expected to slide further after UK downgrade
FX traders and strategists believe the pound still has further to fall, having already depreciated significantly against the dollar since January
EBS launches Indian rupee fix and spot USD/INR
FX platform adds Indian rupee capabilities as it seeks to break the monopoly held by rival Thomson Reuters in the region
Goldman Sachs loses 15-year FX veteran
Managing director and head of EM FX trading for Emea has left the US bank in London
Lufthansa treasury manager exits for RBS
Douglas Pelton is leaving the German airline to join Royal Bank of Scotland in corporate FX sales