News
Sucden launches electronic trading for NDFs
London institutional broker plans to expand into Asia by leveraging commodities background
Haskins joins Nomura to head North American FX sales
Morgan Stanley's former head of emerging market and FX sales for the Americas moves to similar role at Nomura
Credit Suisse strategy head moves to BNP Paribas
Daniel Katzive to join BNP Paribas in New York as head of FX strategy for the Americas
MAS warns on fragmented clearing and reporting
Asian financial markets have made progress in setting up CCPs and trade repositories, but greater harmonisation is needed across borders, Singaporean regulator warns
Singapore eyes regional hub status for offshore RMB
Addressing ACI Congress delegates, deputy prime minister and chairman of the Monetary Authority of Singapore talks up Singapore’s ability to facilitate the growth of renminbi trading outside China
Commodity correlation returning to pre-2008 levels, say analysts
The tight link between commodities and equities is easing as firms become less worried about macro shocks, say analysts
Banks claim €300 billion hole in margin study
Banks call for Basel Committee and Iosco to re-run study on impact of uncleared margin rules after errors emerge
Nalm 2013: Debate rages over how to manage expanding reserves
Central banks enter into new asset classes and alternative currencies but Bank of Israel’s Andrew Abir rejects value of renminbi as a reserve currency
Central banks grapple with risks arising from FX reserves
Holdings of foreign exchange reserves at central banks has increased since the crisis, and market participants believe diversification into new currencies could now pick up
Saxo Bank and Gain Capital net profit collapses by 80% in 2012
Online bank and trading companies suffer as retail trading volumes fall amid stagnant markets
EDF Man appoints new global FX head
Ryan Schiff promoted to global head of foreign exchange at broker EDF Man Capital Markets
BoJ's inflation target unattainable, says Nomura
Panellists at Bloomberg event yesterday debated whether the yen will continue to weaken as the Bank of Japan pursues an ambitious 2% inflation target
StanChart revamps electronic trading management
New e-trading group for FX, rates and credit is headed globally by Raymond Koole, and regionally by Chris Knight in Singapore and Pascal Pipponiau in New York
JP Morgan reshuffles Emea FX sales team
Changes at US bank see Max Leffen and Michael Spencer, both take on senior roles in Emea institutional sales team
NAB loses global FX trading head
National Australia Bank's global head of FX trading, Tom Pragastis, is leaving after six years to move to the buy side
New York Fed demands better management of FX risks
Greater use of capital and collateral to mitigate all risks relating to FX trading is crucial, warns Jeanmarie Davis, head of financial market infrastructure at the NY Fed
Thomson Reuters matches EBS with revamped strategy
Icap's EBS and Thomson Reuters have initiated major structural changes over the past year; as they continue to evolve their new strategies, and ParFX prepares to launch with the aim of becoming a third primary venue, further structural shifts are set to…
CLS faces uphill battle to meet currency expansion targets
FX settlement system aims to add another 17 currencies within 10 years, but some caution that CLS membership doesn't make economic sense for certain emerging market currencies
Investors return to FX as volatility and volumes rise
Banks are reaping the benefits of the return of hedge funds to the FX market as a result of rising volatility, which in turn is driving volumes higher
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