News
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
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