News
FX Invest July-August edition now live
Managing currency risk in markets dominated by central bank monetary policy
FX sales veteran moves to recruitment
Mike Burton, SG CIB's former head of FX sales, has joined ex-colleague Canice Hogan at recruitment firm Shadowhound
Jerry del Missier resigns in wake of Libor scandal
Barclays COO and long-time derivatives industry figure steps down hours after resignation of chief executive Bob Diamond
Faros appoints Campbell & Co trader to replace Borthwick
Douglas Borthwick, head of trading and strategy at Faros Trading, has left the firm and will be replaced by Michael LaVina
CBA expands in FX sales
Commonwealth Bank of Australia has made two additions to its FX sales team in London
Lloyds combines mid-market and commercial sales management
Matthew Lawrence steps up to run both sales teams as mid-market sales head Kathryn Ball returns to Australia
Esma exemption provides corporate relief
Corporates relieved at Esma clearing exemption, but express concern about uncertainty over uncleared derivatives
FXall enables users to access bank algorithms
New functionality allows clients to route algorithmic and limit order requests to selected banks
FTSE Cürex FX indexes will help transparency, participants say
FTSE and Cürex enter FX index space – and market participants say the indexes will help improve transparency in the foreign exchange markets
QE3 will be positive for GBP
A new bout of quantitative easing might be positive for sterling, but will likely lead to dollar depreciation, argues Adam Cole
Trading Places, July 2, 2012
RBS loses EM research head, BAML appoints new EMEA investment banking co-heads and the New York Fed promotes Potter to markets group head
Nomura shakes up global FX role
The Japanese bank moves David Steck into a client relationship position, while introducing a co-head partnership for FX sales in the Americas
Libor manipulation lawsuits could cost banks ‘tens of billions’
Barclays' $450m settlement gives lawyers smoking gun evidence of attempts to tamper with benchmark rates
Investors seek alternative forex hedges for euro crisis
Australian dollar, renminbi and CE3 currencies touted as alternative macro hedges for European debt woes
RBS loses FX UK corporate coverage head
Andy Stocker understood to be moving to Santander, alongside two other sales staff
Barclays begins e-IRS trading in Middle East currencies
UK bank continues to expand electronic capabilities in the Middle East
Renminbi payments continue to grow, according to Swift
Swift says the currency is now the 16th most actively used in trade settlement
Northern Trust names new FX chiefs
Gloyne to retire after 18 years of service
Trading Places, June 25, 2012
RBS execution sales head Curran moves to SG CIB, RBC Capital loses Pomper, and Winder departs Deutsche
Banks hope for CCP capital concessions at Basel meeting
Banks and CCPs are pressing for changes to method of calculating default fund capital
Bank of England to post collateral in OTC derivatives trades
BoE thought to be the first major central bank to change policy on collateralisation as it seeks to reduce dealer funding charges
Devani to join Gu at Capula
Former Goldman Sachs FX options chief to set up dedicated FX team at London-based Capula Investment Management
Global FX division moves forward on options clearing
The data-collection stage of a major project to enable clearing of forex options is close to completion, according to the GFMA's Mandy Lam
JP Morgan combines FX and rates management
Troy Rohrbaugh is to relocate to New York to head up rates and FX, while Chris Willcox moves to asset management