News
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
BBVA expands in London with key hires
The Spanish bank has appointed Malcolm Day, formerly of HSBC, as global head of emerging markets FX sales
Grexit bets intensify on election fears
Forex strategists remain divided on the political fallout from landmark Greek elections, and the likely effect on the euro
BNP Paribas rolls out FX algos
Cortex iX algorithmic execution suite will officially launch this week, aiming to provide better anonymity than existing FX algos
Trading places, June 18, 2011
New appointments at Otkritie and Commerzbank, while SurfacExchange strategy head departs
Volcker rule could hurt liquidity in FX spot market, participants warn
Foreign exchange swaps and forwards should be exempted from the Dodd-Frank ban on prop trading, or else liquidity in the spot market could suffer
FXSpotStream will cut costs and inefficiencies, say banks
The liquidity providers behind FXSpotStream believe the new platform adds genuine value to the FX spot market by directly tackling the challenges that exist on traditional spot platforms
Deutsche moves to simplify RMB under PBoC scheme
Deutsche Bank today completed the first renminbi cross-border transaction under a simplified scheme designed to ease the documentation burden for corporate users
Hausman departs Thomson Reuters as Singh takes new role
Andrew Hausman has left Thomson Reuters after eight years, while Jas Singh is taking on new responsibility for innovation
FX Week China: CNH/CNY forward divergence threat has stabilised
A reversal of the spread between offshore deliverable forwards and onshore NDFs that caused pain for speculators last year is unlikely to recur, say economists