News
Deutsche hires FX forwards head for NY
Miro Vucetic has joined Deutsche Bank from BAML to head FX forwards in New York
Rutherford bows out of CME Group
Roger Rutherford, global head of FX at CME in London, has left the exchange
FX sales head departs Credit Suisse
Ben Shooter has left his role as head of sales for global currencies and emerging markets after less than six months in the role
FX Week China: RMB internationalisation will take time
Significant progress has been made since 2010 in opening up renminbi to international participants, but it has to be done gradually, say speakers at FX Week China
FX Week China: Asia not immune to euro crisis spillover, warns IMF
"Home-grown vulnerabilities" could be a threat to Asian countries, including China, says IMF official at FX Week China event
Trading places, June 11, 2012
New appointments at LCH.Clearnet and Neonet as Barclays e-FX salesman heads for UBS
Thomson Reuters rolls out China version of Eikon
The vendor will announce today that it has launched a new version of its Eikon desktop terminal for the benefit of users in China
Banks continue to ramp up in offshore RMB
Top-tier banks are continuing to invest in their offshore renminbi trading capabilities, despite the recent dip in Chinese growth and the challenge of persuading clients to use the new currency and boost liquidity
Mifid amendments lift barrier to brokers owning OTFs
Tweaks to Mifid text would allow owners of OTFs to engage in matched principal trading
Saxo boosts platform performance for Chinese users
The Danish investment bank has completed a programme of investment in its network to improve the SaxoTrader platform for users in China, cutting connection time by 60%
Gain Capital’s product head eyes growth for institutional platform
Muhammad Rasoul, who joined Gain Capital from GFT Markets last month, will be responsible for three of the firm’s key products and sees particular potential for growth in its institutional platform, Gain GTX
CCP resolution plans start to take shape
LCH.Clearnet's re-launched CDS clearing service adopts a loss-sharing mechanism - in line with a "last gasp of breath" approach outlined in an Isda letter to the Bank of England
Cloud-based delivery model hits the spot for Portware
Trading technology vendor believes the cloud is the delivery mechanism of the future in the FX market, after it launched its Pro suite of cloud-based technology in January
StanChart appoints capital markets head from Credit Suisse
Carsten Stoehr joins Standard Chartered as global head of capital markets, reporting to Lenny Feder
Ice’s Farley promoted to head of financial markets
Thomas Farley, formerly president of Ice Futures US, has been appointed senior vice-president of financial markets
Euro exit testing intensifies
Banks and FX market infrastructures are stepping up their efforts to prepare for a possible redenomination of eurozone currencies if Greece is forced to leave the currency union, but some investors would like to see new contracts to protect them from…
Trading places, June 4, 2012
FX sales moves from Credit Suisse, Bank of America Merrill Lynch and SG CIB, while former FxPro sales head moves to Citi
Canadian banks remain bullish, despite CAD weakness
While the Canadian dollar weakened significantly during May, banks believe there is still strong demand for the currency
BM&F Bovespa plans to integrate clearing houses
Plan to combine four clearing houses into one will result in margin efficiencies of 30-40%, the exchange estimates
Barclays reshuffles in FX sales as Howard steps up
Nick Howard has been promoted from head of FX and EM distribution to lead cross-asset distribution in Emea, while Jim Iorio will head global FX distribution
New-look EBS will drive out disruptive players, vows Mandelzis
Speaking for the first time about his plans for EBS, chief executive Gil Mandelzis says the platform will remain open to all participants that enhance liquidity
Citi boosts offshore RMB solutions in UK
Citi will offer renminbi accounts domiciled in the UK a part of its launch of cash management and trade solutions for the increasingly international trade in Chinese currency.
TraFXpure open-access model aims to eliminate tech-based competition
Interdealer broker Tradition claims the new bank-backed spot platform will provide fair access for all, regardless of technology
Wealthy Greeks turn to offshore securities to escape redenomination risk
The massive drop in deposits held in domestic banks in Greece is partly attributable to transfers of savings into overseas accounts or securities to mitigate fears of a Greek eurozone exit and a return to the drachma