News
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
Questions raised over LatAm growth potential
Former head of FX macro sales at Goldman Sachs believes growth in Latin America may have reached its limit, despite widespread focus on currencies such as the Brazilian real
Corporate treasurers plan for euro break-up
The Association of Corporate Treasurers is advising its members to review their processes and contracts to make sure they are prepared for a euro breakup. Many are taking the association's advice, reports Chiara Albanese
Westpac continues FX hiring spree
Blake Jensen, formerly of RBS, has joined Westpac in institutional sales as the latest in a number of key hires across sales and trading globally
GFI targets generalist salespeople with latest Fenics release
Version 12.2 of Fenics Professional, launched earlier this week, aims to make the system more accessible to non-specialist salespeople
Aussie demand surges following RBA rate cut
The Reserve Bank of Australia’s decision to cut interest rates on May 1 led to a sharp fall in the Australian dollar, but has also caused an uptick in demand for the currency, according to FX traders and strategists in the region
Dodd-Frank rule-making will drag to Q4, says CFTC's O’Malia
CFTC commissioner raises doubt over time line for Dodd-Frank Act – despite a proposed five-month delay
UBS to roll out new currency product to global clients
UBS has been granted a licence from FTSE Group to use its recently launched currency product, FTSE WPU (Wealth Preservation Unit).
CBA’s Salter promoted to global head of FX
Kieran Salter took up the new role in London in March, having previously held it in an acting capacity for three months
Moore and Francis step up at Lloyds
Richard Moore and Clare Francis have been promoted to new management roles in the wholesale banking and markets division at Lloyds
TradingScreen rolls out real-time TCA for FX
New functionality includes a heat map to enable buy-side traders to benchmark their execution in real time
Taiwan’s trade repository setting up reporting agreement with DTCC
Taiwan's new trade repository for over-the-counter derivatives is looking to ink a reporting agreement with DTCC
Eurodollar caught in range-bound tug of war
Currency strategists are divided over whether EUR/USD will break out of the 1.30-1.35 range it has traded in since late January
Trading places, May 7, 2012
New appointments at Barclays, BNP Paribas, Nomura and Goldman Sachs, while Isda adds three to its board