News
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
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).