News
Advanced Markets exits US retail market
Margin forex brokers continue to exit US market to focus on institutional business
FX to remain a 'cornerstone' of streamlined UBS
Swiss bank admits FX revenues declined during Q3 but vows FX will be a core business in its downsized investment bank
Integral hires Reuters veteran in New York
Douglas Sidnam joins the technology vendor as global head of solutions
TraFXpure accelerates as three more banks sign up
Bank-backed spot platform now has the support of nine banks as it reveals further details of its matching logic, which it believes will eliminate technology and latency arbitrage opportunities
CFTC could force funds to break US or European law
The CFTC's broad definition of a US person could leave European hedge funds facing conflicting rules
NAB beefs up institutional FX sales team
National Australia Bank has made three additions to its sales team in recent months from ANZ, JP Morgan and Morgan Stanley
Trading places, October 29, 2012
New hires in FX sales at Crédit Agricole and Commonwealth Bank of Australia
Hong Kong dollar could be re-pegged, say traders
Recent intervention by the Hong Kong Monetary Authority to stem the strength of the Hong Kong dollar has prompted speculation the currency could be re-pegged
BAML expands in FX sales
BAML has made three appointments to its FX sales team in Europe, including Tariq Haider who joins from SG CIB
UBS veteran takes top FX sales role at RBS
After a year-long break from the industry, Ed Hulina joins Royal Bank of Scotland to head up FX and emerging markets sales in the Americas
China to widen RMB trading band again before end-2012
Further liberalisation of renminbi is on the cards in the near future, says senior RBS strategist
SurfacExchange to move into emerging market currencies
The start-up currency derivatives platform will add the Brazilian real and the Mexican peso by the start of 2013 as it responds to investor demand for emerging market currencies
Deutsche reshuffles institutional FX sales management
Deutsche Bank has appointed four institutional sales heads in Europe under global head Kenan Altunis, following his recent promotion
Barclays reshuffles in FX strategy
The UK bank's head of global FX strategy has moved to a new role, to be replaced by Jose Wynne
Brevan Howard partner departs
Klaus Oestergaard has left the hedge fund
FX Week launches iPad edition
Joel Clark introduces FX Week's brand new iPad edition and explains how it will deliver extra value to subscribers
Trading places, October 22, 2012
New appointments at Rimes Technologies, the SEC, the London Stock Exchange and the British Bankers' Association
Wells Fargo beefs up in FX e-commerce
Wells Fargo recently completed the implementation of a new pricing platform developed by Integral. Robert Mackenzie Smith talks to head of FX e-commerce Stephen Godfrey about the bank's e-FX capabilities
Faros Trading moves into options
Faros Trading, which was established in 2009, has added FX options to its product suite
Bank of England FX committee hears corporate concerns
Rolls-Royce's assistant treasurer presented at the last meeting of the central bank's FX industry committee on the impact of derivatives regulation on non-financial companies
CLS aims to double currency coverage by 2022
New chief executive David Puth answers the pressure on CLS to add to its 17 currencies by setting a goal of doubling its coverage over the next 10 years
Saxo creates new client office after two key departures
Saxo Bank has opened a new department focused on products and services, following the departure of its heads of marketing and platforms
Banks welcome Ice Link’s selection of Traiana to expand into FX
Traiana's network of banks, clearing houses and buy-side firms in the FX market will enable Ice Link to quickly expand from CDS middleware into forex
FX Week Asia: Emerging markets FX moving electronic, say bankers
Client demand for electronic trading in emerging market currencies has risen in recent years, but more progress must still be made, according to senior traders in Asia