News
Nomura hires ex-RBS corporate risk business head
New appointment follows the departure of Georges Assi last month from his role as deputy global head of fixed income
Morgan Stanley e-commerce head joins RBS
Jeremy Smart last week joined Royal Bank of Scotland as global head of electronic distribution
Pressure mounts on Esma over clearing exemption
Responses to Esma's draft technical standard on Emir call for the agency to clarify its position on FX clearing - with some suggestion NDFs could be exempt
FX mobile trading apps move from retail to institutional
The use of mobile applications to access foreign exchange trading platforms has been a growing phenomenon among retail users for some time, but top-tier banks are also now competing to offer the full range of trade-related services through mobile devices…
Sef connectivity hurdle looms for bank platforms
Many single-bank platforms have elected to connect to swap execution facilities, where they can route regulated products rather than losing that business altogether. But the new model requires connectivity to multiple platforms, which could be costly and…
Trading places, August 13, 2012
Departures at Citi, Deutsche Bank, Nomura and RBS, while Barclays appoints Sir David Walker as its next chairman
BNP Paribas former forex options head joins StanChart
Standard Chartered has appointed a 17-year veteran of BNP Paribas as head of FX options for Asia
Central banks working on liquidity support for CCPs, says BoE’s Tucker
International regulators and central banks trying to avoid "nightmare" of fragmented clearing system
Bank of Montreal adds FX strategy head in London
Audrey Childe-Freeman has joined BMO Capital Markets in London as head of FX strategy
Morgan Stanley adds macro monitoring tool to strategy toolkit
New analytics tool identifies currency pairs that show both strong fundamentals and a resilience to risk shocks, says Morgan Stanley strategist
HSBC hires from Deutsche to fill hedge fund sales role
Appointment is the latest in a series of hedge fund sales moves after JP Morgan hired Michael Spencer from HSBC earlier this year
Deutsche merges structuring teams across asset classes
As part of a broader structural reorganisation, Deutsche Bank is bringing its structuring teams together into a single business headed by Ram Nayak
Local currency trading head departs BAML
Alex Axentiev’s responsibilities have been assumed by new recruit Guillaume Huteau
Morgan Stanley adds Ortus and Quaesta to FX Gateway
US bank continues expansion of currency manager platform
Global FX division hires Asia-Pacific MD
David Ngai joined the division in Hong Kong on August 1, reporting locally to Mark Austen and globally to James Kemp
Ex-Marex Rose joins Xenfin Capital
FX market-maker Xenfin has appointed Jamie Rose as head of e-FX, starting today
Trading places, August 6, 2012
New appointments at LCH.Clearnet, WMBAA, Forex Club and Calypso Technology
Relief for dealers as Basel reins in capital for cleared trades
Basel Committee addresses long-standing complaints over default fund exposures and client clearing
FXSpotStream gathers pace with start of production trading
Start-up FX price-aggregation service is gaining increasing traction with clients, say liquidity providers
Decline in spot volume driven by low volatility and HFT controls
The fall in FX spot volumes revealed in this week’s semi-annual survey data has been driven by low volatility and new controls on HFT behaviour, according to members of the FX JSC
Deutsche’s FX volumes continue to grow, despite tough Q2
Deutsche Bank’s profits fell from €1.4 billion to €661 million during the second quarter, but the bank’s FX revenue recorded only a small year-on-year decline
Morgan Stanley poaches trading head from Citi
Citi's co-head of FX auto trading has left the bank to join Morgan Stanley
Swift to roll out structured messages for bilateral trade netting
Industry messaging provider aims to streamline netting of non-CLS currencies
Credit Suisse FXPB sales director departs
Martin Bradford has left Credit Suisse, months after the exit of the bank's global head of FXPB