News
Newns promoted to chief operating officer at Currenex
David Newns has been promoted to chief operating officer at Currenex, as Chip Lowry moves on to a new role within State Street Global Markets
Ex-Saxo Seitz promoted to head MIG Capital
Bertram Seitz has been promoted to interim chief executive of MIG Capital, following the departure of Damien Francis
ADB economist moots idea of common currency in Asia
Principal economist at Asian Development Bank says common currency possible in ‘long run’; panellists outline possibilities for greater Asian economic integration
Institutions using renminbi payments up 60% year-on-year
Renminbi adoption continues to gather pace
Next economic crisis to come from pension funds
Unregulated pension fund industry will be a systemic concern
Trading places, July 23, 2012
New appointments at Digital Vega, smartTrade Technologies, Bats and MarketPrizm
Saxo appoints Nick Beecroft to chair London board
Saxo Capital Markets UK has appointed market veteran Nick Beecroft as chairman in London to replace Albert Maasland, who quit in May to join Knight Capital
Molten Markets expands with senior hires
Rich Wenzel and Peter Frucht have joined Molten Markets as the firm pushes forward with its new FX ECN
BNP Paribas strategist returns to Sydney with NAB
Ray Attrill has joined National Australia Bank in Sydney, having left his role as head of FX strategy for North America at BNP Paribas
De Lambilly moves to new role at BNP Paribas
Hubert de Lambilly has switched roles at the French bank and will now head the company's fixed-income business for Ceemea
TraFXpure beefs up with Rutherford appointment
TraFXpure has hired Roger Rutherford and Campbell Adams to drive the new platform's strategic vision
Deutsche Bank unveils hybrid blotter on revamped Autobahn FX platform
Deutsche’s new single-dealer forex platform centres around a trade blotter that allows users to manage their voice and electronic business through a single interface – a first for the industry, the bank says
Barclays reshuffles FX derivatives management team
Adrian McGowan has relocated from Singapore to London to head FX options and forwards, prompting several FX management changes
Del Missier renews pressure on BoE over Libor scandal
Former chief operating officer of Barclays Bank says he was told instruction to submit lower Libor rates came from Bank of England; directly contradicts Bob Diamond’s testimony
UBS appoints EM FX options head
Robert Diehl, formerly of Royal Bank of Scotland, will join UBS in September, initially in Zurich before moving to Singapore early next year
PFGBest bankruptcy fuels calls for stronger protection of customer funds
The collapse of Peregrine Financial Group, which comes just nine months after the bankruptcy of MF Global, has raised the pressure on US regulators to boost protection of customer funds held by futures commission merchants
Trading places, July 16, 2012
New appointments at Deutsche Bank, Barclays and FxPro
Bloomberg connects to CME for NDF clearing
Bloomberg has connected its FXGO platform with CME Group to enable NDFs traded on its platform to be cleared through the exchange
FX clearing clock ‘ticking’ following CFTC-SEC swap ruling
Speakers at FX Week USA expect this week's agreement on swap definitions by the CFTC and SEC will drive a rush to comply with FX clearing mandates
EBS clamps down on disruptive behaviour with new dealing rules
The platform will more closely monitor practices such as flashing of orders as part of an effort to incentivise liquidity enhancement and drive out disruptive behaviour
Nomura creates new FX correlation business
Emerging market options head Will Johns is promoted to run FX correlation in London
Oakley to leave Thomson Reuters
Financial regulatory head will leave Thomson Reuters at the end of this month after 12 years
FX sales veteran departs Nomura
Jake Rue, who most recently worked in structured FX sales, has left Nomura in New York
FXall fills gap in Thomson Reuters’ forex portfolio, says Jas Singh
Speaking at FX Week USA conference, Thomson Reuters FX head says the acquisition of FXall has been on his personal agenda for four years, but has taken time to push through