News
Nomura’s former hedge fund sales co-head to join UBS
UBS has hired Louis Curran, formerly of Nomura, as co-head of institutional FX sales in Singapore
Mandelzis rings in the changes at EBS
The new chief executive unveils the make-up of his new management team, with several staff working across Traiana and EBS
Coutte departs SG CIB
Former co-head of flow fixed income and currencies has become the latest senior official to leave the bank's global markets business
HFT adds value to the forex market, says Bank of England
While the effects of high-frequency trading activity should continue to be monitored, the practice adds value to the FX market, a senior Bank of England official has argued
All FX derivatives will be cleared by 2014, say CCPs
Senior FX clearing officials expect strong demand to clear the full FX derivatives product set - within two years
South Africa’s Rand Merchant Bank goes live on TraderTools
The implementation of the technology vendor’s liquidity management platform has been completed in record time and is proving very effective, says senior trader
Citi’s Coyne secures top role at Traiana
Andy Coyne has resigned from Citi and will become the next chief executive of Traiana, following the move of Gil Mandelzis to EBS
Trading places, May 21, 2012
Jamie Rose departs e-FX role at Marex Spectron, while CIBC and Gain Capital make senior appointments
EU regulators prepare for frenetic countdown to Emir deadline
Senior officials expressed concern yesterday about the volume of work on derivatives reform that must be completed in a very short timeframe
FXSpotStream’s no-fee business model raises eyebrows
The new multibank aggregation service supported by six top-tier banks will not charge brokerage fees either to banks or clients – a model that has led to questions over longevity
Insight Investments installs interim management team for currency as Thomas leaves
Currency veteran leaves management firm
Greece will stay in the eurozone, says Deutsche’s FX strategy head
Alan Ruskin explains why a Greek exit is less likely than some have suggested, with several factors supporting the country’s future in the eurozone
Chinese yuan tracks regional sentiment, despite fixing
Spot onshore Chinese yuan (CNY) and offshore yuan (CNH) tracked regional sentiment despite USD/CNY fixing coming in at 28pip higher at 6.3233 today (May 17).
Emerging market central banks drive gold demand with reserve diversification
Mexico leads the way in reserve diversification in the first quarter
Saxo appoints Malamatinas to chair board
Dennis Malamatinas has replaced Kurt Larsen as chair of the board of Saxo Bank
Europe’s institutional investors look to alternatives and cost-effective exposure
Institutional investors in Europe favour fixed-income and alternative assets as they continue de-risking their portfolios, with a focus on cost-effective market exposure and downside protection
SurfacExchange expands with senior hires
SurfacExchange has recruited three senior business heads as the options platform looks to expand its global client base
BoE’s King says eurozone is ‘tearing itself apart’
Latest Inflation Report from the Bank of England lowers growth estimates for the economy; King says situation in eurozone continues to put pressure on the UK
Darbari quits senior options role at StanChart
Both Singapore-based Rahul Darbari and New York-based colleague Ragu Santhalingam have left their FX options roles at Standard Chartered
Natixis hires FX sales veteran
Darren Barker has joined Natixis from UniCredit to work in FX sales in London
Tradition-Icap hires business development head for Asia
Tim Johnson has joined Tradition-Icap from SurfacExchange, and will report to Terry Benson
Forex markets absorb political chaos in Europe
Participants reacted relatively calmly to political developments in Europe last week, and the absence of credible alternative currencies prevented a major sell-off
Trading places, May 14, 2012
New appointments at DTCC, LCH.Clearnet, Credit Suisse and Deutsche Bank
Gain Capital adopts StreamBase LiveView
Real-time analytics platform will enable Gain Capital to ensure its liquidity partners are providing consistent FX prices