News
Fleschler departs Goldman Sachs
E-commerce VP leaves the bank in New York
Curran departs hedge fund sales head role at Nomura
Cost-cutting measures at Nomura hit forex sales and structuring, claiming Louis Curran, Mark Stafford and Peter Larsson
Guillaume Huteau joins BAML
Credit Suisse's former head of local markets FX options trading started at Bank of America Merrill Lynch yesterday
Absa Capital unveils five ETNs based on precious metals and currencies
Absa Capital has launched five exchange-traded notes, providing investors with exposure to precious metals and currencies.
Lloyds hires Deutsche’s Cassidy to head e-commerce and clearing
Joe Cassidy joins Lloyds in London today, reporting to Clare Francis, head of sales
Gil Mandelzis to replace Rutter as EBS chief
David Rutter is to leave Icap, as the interdealer broker restructures its electronic broking business
GFI soft-launches NDF risk-mitigation platform
GFI Group recently extended its ForexMatch Liquidity Swaps platform to new currency pairs, including USD/TWD and USD/CNY
Trading places, March 12, 2012
New appointments at Société Générale and CIBC, as JP Morgan's prop trading head departs
Bank focus on new options platforms intensifies
Tradeweb recently became the latest technology provider to launch a multibank trading platform for FX options, as a handful of new platforms compete to harness liquidity in the product. More than a year since the first platforms went live, which ones…
Bank Sarasin: Swiss franc is under control
The Swiss private bank's chief economist believes the threat of further intervention from the SNB will prevent further appreciation of the franc
Saxo turns in 6% income growth, despite tough Q4
Annual results for 2011 reveal a 4% fall in net profit, but Saxo claims that is due to a 12% increase in staff and admin costs to support expansion
European regulators undecided on initial margin rules for uncleared swaps
Counterparties will have to post variation margin on uncleared trades – but questions remain over which firms will have to post and collect initial margin
Banca IMI hires Citi’s Salcioli to head FX sales
Gianmarco Salcioli joins the Italian bank in Milan, having worked previously at Citi and Barclays Capital
Esma under pressure to opine on asset-class specifics in Emir
A public hearing on Emir draft technical standards earlier this week leaves market participants with ongoing concerns over asset-class specifics and implementation timeframe
Goldman Sachs loses three in FX sales
Artur Kuzma, Jonny Edelman and Jo Li have left Goldman Sachs
Move to electronic trading will increase hedge fund use of futures
Competition among buy-side companies and repercussions of Dodd-Frank will push hedge funds to trade electronically, says research from Tabb. Futures trading, mainly electronic, will also increase.
BNP Paribas rolls out Cortex FX single-dealer electronic platform
The French bank today unveiled its long-awaited e-commerce platform, which replaces the white-label FX eTrader offering it launched in late 2009
Marex Spectron continues FX expansion
New hires include Willie Sim as head of FX for Asia-Pacific, as well as ex-Lloyds pair Kelvin Jouhar and Hetal Patel
Nomura expands in Dubai
FX traders Hyeonmuk Mun, Hatem Jerad and Ali Debbagh join Nomura to focus on Mena region
Rule Financial expands to meet demand for expertise on regulation
The consultancy has made three key hires in London and New York, all with an investment banking background
Trading places, March 5, 2012
New appointments at Portware, Credit Suisse, FIA Asia and Pictet Asset Management
FX market looks to Brazil for LatAm returns
Brazil is a key area of focus for FX banks and interdealer brokers this year, despite the erratic behaviour of the Brazilian real towards the end of 2011 and the challenges arising from the currency’s non-convertibility. Melanie White reports
MarkitServ unveils middleware connectivity service for FX clearing
New middleware tool is launched today after MarkitServ won competitive tender process with the top banks and was certified by three FX clearers
Commerz promotes Hamberger to head e-Fic sales
Stefan Hamberger is based in London and reports to Rainer Ernst