News
Micex-RTS pushes ruble growth with FX swaps initiative
Participants push the growth of the Russian ruble, but frustrations remain over the slow adoption of real-time gross settlement
FX trading volumes remain in decline
Icap and Thomson Reuters both report further declines in trading volumes in April
MIG Bank opens for business in London
The Swiss online trading specialist has received approval from the FSA to open a subsidiary in London, just weeks after it opened in Hong Kong
No need for Sef Clarification Act, says CFTC's Gensler
Dodd-Frank requires transparency for derivatives trading, CFTC chair says - and final Sef rules will reflect that
China-focused hedge fund gains on domestic bets
Hedge fund CSV Capital Partners sees Chinese domestic sectors rising even as economic growth slows. The fund backs companies with exposure to the Chinese consumer as retail sales continue to grow.
CME to launch portfolio margining on interest rate swaps and futures
Dealers will be able to cross-margin interest rate swaps, and eurodollar and Treasury futures, from May
CME kicks off client clearing ahead of competitors
CME stole a march on rivals when it cleared its first NDF last week, as the Brazilian real contract was a client trade
LCH.Clearnet splits default fund
UK-based clearer gets member approval to break up default fund - part of a package of measures responding to CFTC limits on clearing house membership criteria
Ex-Credit Suisse e-FX head joins RBS
Nicholas Barker, who left Credit Suisse in November 2011 and had previously worked at UBS for 10 years, has joined RBS
Buy side looks to cloud-computing for price transparency
Interest in cloud-based trading technology by buy-side institutions is rising as a way to improve price transparency, in the wake of lawsuits brought against US custodian banks over the mispricing of foreign exchange trades, say market participants
Shake-up in UK council pension schemes’ currency mandates
UK local government pension schemes are focusing attention on currency exposures in overseas assets, resulting in a shake-up in currency mandates
HSBC hedge fund sales head to join JP Morgan
Michael Spencer, who has resigned from HSBC, is expected to join JP Morgan to work in hedge fund sales
FX repository moves to production ahead of October launch
The DTCC began user testing of its new trade repository on May 1, and plans to have full regulatory and public reporting up and running by the fourth quarter to meet CFTC deadlines
Morgan Stanley loses European e-commerce head
Jeremy Smart has resigned from Morgan Stanley after seven years, having served on the bank's fixed-income management team
Eurozone crisis is a 'bomb about to explode', says Neil Record
The founder and chairman of Record Currency Management believes the euro has been mortally wounded and will struggle to survive in its current form
Credit Suisse expands FX sales in Moscow
Tatiana Minayeva, formerly of Citi, will join Credit Suisse next month to focus on financial institutions sales
UBS appoints EMFX options head for Asia
Manu Tripathi, who left Deutsche Bank in January, joined UBS in Singapore last week
Saxo’s Maasland joins Knight Capital
Albert Maasland, formerly London chair at Saxo Bank, is to head Knight Capital's international business
Trading places, April 30, 2012
New appointments at Standard Chartered, Crédit Agricole, Pictet Asset Management and the DTCC
US Treasury’s FX exemption hangs in the balance
A year after the US Treasury's proposed regulatory exemption for FX swaps and forwards, the position has never been confirmed - and some believe it may be reconsidered
Investors flock to the Mexican peso
Following significant appreciation of the Mexican peso during the first quarter of 2012, the currency has become a favourite emerging market bet for investors, and market participants believe it will stay that way. Melanie White reports
Overcrowded market for forex options platforms will lead to consolidation
With at least six new multibank options platforms now competing for market share, differentiation is crucial for participants, but some believe consolidation of platforms is also inevitable. Chiara Albanese reports
ITG rolls out forex TCA
New York-based technology provider ITG launched its new transaction cost analysis tool for FX earlier this week
FX Invest North America: Technology delivery poses 'huge conundrum'
A difference of opinion between technology experts on the merits of cloud-based platforms emerges at FX Invest conference in Toronto