News
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
Fleschler returns to Hotspot FX
Industry veteran moves back to ECN
FX Week China: Post-trade forex utilities are crucial in crisis times
CLS and FX clearing platforms are becoming a crucial part of the FX market, but they will need to co-operate closely in future, say FX Week China speakers
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