News
UniCredit hires ex-BNP Paribas FX sales chief
The French bank's former head of institutional FX sales joined UniCredit in London on January 14
Peter Rading exits RBS
Co-head of fixed income, currencies and commodities and global trading is leaving RBS after 22 years
CLS squares up to member onboarding challenges
Having added Swedbank and Lloyds as settlement members in the past two years, CLS has committed itself to further expanding its membership as well as its currencies
Traders braced for further yen weakness ahead of BoJ meeting
Many market participants were caught unawares by the sharpness of the yen's fall in recent weeks, but all eyes will be on the currency's reaction to this week's Bank of Japan meeting
Trading places, January 21, 2013
New appointments at Oanda, Barracuda FX and Deutsche Bank
Axa IM to move FX execution to TradingScreen as it phases out FXall
Axa Investment Managers aims to be live for FX on TradingScreen TradeEMS in two months’ time, having decided it needed more sophisticated tools than it was getting from FXall
Management changes announced at Oanda, Gain Capital and speculated at CMC Markets
Retail-focused trading companies shift strategies to new market and regulatory environment, while Cruddas tipped to return to chief executive post at CMC Markets
Mexican peso futures trading up 24% on CME
Following an 8% rally against the US dollar last year, CME's Craig LaVeille says the unit should continue to provide trading opportunities in 2013
Gain Capital hires new chief for GTX
The former head of Knight Direct and founder of EdgeTrade is joining Gain Capital to head its institutional FX platform, GTX
DTCC threatens lawsuit over CME SDR plan
The Depository Trust & Clearing Corporation could take legal action to stop a proposed rule that would force CME clearing customers to report to its own SDR
Major online brokers publish fall in volumes and revenues
FXCM and IG Group retail and institutional traders cut activity amid market uncertainty and low volatility
Corporate sales head exits Citi
Head of FX sales to UK corporates has left Citi in London after 14 years with the bank
Swedbank’s head of FX to move to new role
The global head of FX and fixed income at Swedbank will become chief executive of the bank's asset management business on January 28
GFI Fenics repositions FX options platform as it targets Sef licence
Two years after it was launched, Fenics Trader is to be renamed GFI Direct and operated directly as a GFI subsidiary – a move intended to support its bid for Sef status
Saxo Bank launches FX prime brokerage for institutional clients
The Danish bank will launch FX Prime on January 23, having developed the service in collaboration with MarketFactory
Credit Suisse hires ex-Barclays e-FX salesman
New head of electronic sales for Emea joined Credit Suisse in London last week, reporting locally to Rob Maher
Banks invest in future of Traiana with 12% stake
Seven banks have bought a collective 12% stake in Traiana - which has been valued at $300 million - earning them a valuable seat on the company's new board of directors
C-View hires industry veteran to run new rates product
Nick Beecroft started at the UK-based currency manager today and will retain his role as non-executive chairman of Saxo Bank's London board
Mexican peso poised to dominate EM currency trading
Asian investors have been diversifying into EM currencies for some time, with the Mexican peso performing particularly well, but despite the potential for enhanced yield, emerging markets are not devoid of risk, banks warn
FX options clearing analysis in final stages
The GFMA's global FX division is understood to be close to completion of its analysis of five years of options trading data - a project that is intended to lead to a solution for options clearing
TraderTools preps new technology as it decouples from smartTrade
TraderTools will roll out a new platform by the end of Q1 in an effort to cut latency and ensure its independence as a forex technology vendor
Trading places, January 14, 2013
New appointments at Barclays, BlueMountain and the FIA, while Morgan Stanley FX prime brokerage co-head relocates to London
FXall trading volumes surpass EBS
Multi-bank trading platform bucks falling volume trend
US CFTC fines Chicago-based RJ O'Brien & Associates $300,000 for supervision failures
Futures broker pulled up for failing to uncover fraudulent activities of introducing broker, marking the extension of accountability