News
Currency managers down in April, says Parker FX
Index of 52 programmes hit by fiscal and political uncertainty
Traiana appoints sales head from Thomson Reuters
Michael Verkuijl joins Traiana's executive team as global head of sales, based in London
FXecosystem hires US salesman
FX sales veteran Robert Dantone will join FXecosystem from FlexTrade on June 1
RMB third top currency for trade finance, says Swift
Value increases in yuan trade finance
MAS tests new rules for margin FX trading
Singapore looks to reduce over-leveraging by retail FX traders
smartTrade rolls out hosted liquidity management system
Vendor targets regional banks with hosted price aggregation and smart order routing technology
HKEx to launch RMB futures in Q3
Exchange to add RMB currency derivatives as part of internationalisation process
Aussie banks join e-FX arms race
Ramping up single-dealer platforms and connectivity to multibank portals is a key priority for Australian banks, as they seek to ensure their forex business is not poached by global banks with superior technology
DealHub rolls out reporting and clearing platform
FX technology vendor is this week launching its so-called Smart Trade Reporting platform to help clients meet new regulatory requirements
CBA nears completion of three-year tech overhaul
Commonwealth Bank of Australia recently completed ‘Transforming FX’, a key phase of its technology plan focused on improving the bank’s e-FX capabilities and connectivity with multibank platforms
Trading places, May 28, 2012
Appointments at Bank of America Merrill Lynch and Credit Suisse, while Deutsche loses a trader and Swift appoints a new chief executive
Mandelzis hands Traiana baton to Coyne
Gil Mandelzis tells the industry Andy Coyne was his 'immediate no-brainer choice' to succeed him as chief executive of Traiana
DTCC expands repository footprint into Asia
The DTCC this week unveiled a data centre in Asia to support global reporting but the October launch of its FX repository may slip as a result of CFTC delays, the firm has warned
Dealers pitch loan format for swaps as CVA dodge
Banks are offering to replicate the economics of OTC swaps in loan format - avoiding new capital and clearing rules
Wiltshire County Council switches out Record for Berenberg Bank
More UK councils switch currency mandates to participate in sterling upside
Global inconsistency remains a challenge for would-be Sefs
An ongoing lack of clarity and the potential for extraterritoriality in swap execution facility rules is creating a bumpy ride towards registration, according to three putative Sefs
Citi promotes retail head to replace Coyne
Sanjay Madgavkar will replace Andy Coyne as Citi’s global head of FX prime brokerage
Citi salesman jumps ship to Deutsche
Craig Schultz will join Deutsche Bank in New York in July, reporting to Maria Prata
ANZ’s Yetsenga promoted to head global research
ANZ promoted Richard Yetsenga in April, less than a year after he joined the bank from HSBC as head of FX research
Ex-UBS sales head to join Barclays
James Neale, former head of UK real-money FX sales at UBS, is moving to Barclays
UBS beefs up FX sales team in Europe
The Swiss bank has made three appointments to its FX sales teams in London and Zurich
Oanda promotes Asia head to CEO
K Duker, head of Oanda's Asia-Pacific division, is to relocate to Toronto to succeed Michael Stumm as chief executive
StanChart boosts CNH liquidity in European timezone
Landmark issuance to drive up liquidity out of London
HSBC builds out offshore renminbi crosses
Rates continuously streamed on interbank platform for direct offshore renminbi crosses for the first time