News
FX volumes set for more modest rise in October 2011 survey results
The 23% rise in UK turnover in April 2011 was a one-off, according to market participants, but further increases expected in October 2011 survey results
Banca IMI expands sales team in London
Italian bank recruits two salespeople to work across asset classes in London
French banks switch forex strategists
Lauren Rosborough joins SG CIB from Westpac, following the departure of Michael Sneyd for BNP Paribas
Mike Burton quits SG CIB
Departure of the bank's head of FX sales follows that of David Knott, who he reported to, earlier this month
Erroneous Swissie price on EBS sparks anger among traders
Foreign exchange traders express concern after an incorrect EUR/CHF price found its way from the EBS training environment onto the live market
Trading places, January 23, 2012
New appointments at Icap, Henderson, CLS, CIBC and Cloud Trading Technologies
FXall expands in Asia and New York
Indu Maheshwari joins from Thomson Reuters in Singapore, as FXall confirms the appointment of Susan Gammage in New York and a new chief human resources officer, Jody Tracey
Corporate hedgers count costs of volatility
Recent volatility in foreign exchange markets has created a tough hedging environment in major currencies, says British American Tobacco's dealing room manager
Brevan Howard appoints Juma from UBS
Former prop trader will join Brevan Howard in Hong Kong in March
Citi seeks to 'revolutionise' FX trading with platform upgrade
Latest version of Velocity seeks to compete on speed, cost and enhanced user experience
Offshore RMB remains a challenge for corporates
UK chancellor George Osborne is pushing hard for London to become the next financial centre for the trading of renminbi, but despite the blaze of publicity surrounding his visit to Asia this week, some corporates remain daunted by the new currency…
Boisson departs FX sales role at BNP Paribas
Francois Boisson is understood to be leaving the industry to focus on an entrepreneurial project
Nomura names Ashley as global head of fixed income
Steve Ashley has been promoted to global head of fixed income at Nomura, with Georges Assi as his deputy
Exemption for FX swaps and forwards should hold, says GFMA’s Kemp
James Kemp, managing director of the global FX division, talks to FX Week about the biggest regulatory challenges of 2012
FX swap cost could rise from €279 to €2,779 under EU tax, warns Oliver Wyman
Research published today on behalf of the GFMA global FX division highlights the potentially punitive impact of the financial transaction tax on the FX industry
Identifiers will place significant technology demands on industry, say dealers
Progress to create a new set of industry standard codes to identify institutions, products and transactions is moving forward as regulatory reporting deadlines loom, but it remains one of the biggest market structure challenges of 2012 for FX banks,…
Trading places, January 16, 2012
New appointments at TriOptima, MarketPrizm, Celent, the FSA and the Futures Industry Association
Mandell quits Standard Chartered
US institutional sales head has previously held senior FX roles at RBS and Bank of America
Icap targets Indian rupee fix on EBS by Q3
Investment in capabilities for currencies of Brazil, Russia, India and China is set as a top priority for 2012 by EBS senior management
CME gives green light to Traiana for FX clearing
Traiana's clients will now be able to clear FX derivatives directly through its Harmony CCP Connect network
Lloyds appoints Moore as head of trading
Former Citi fixed-income head and MF Global chief executive for Europe will join Lloyds on March 1
Hildebrand scandal leaves Swissie expectations broadly unchanged
Swiss National Bank expected to hold EUR/CHF floor following governor's resignation, but an increase from 1.20 might now be delayed
ACI FX committee adds corporate members
Representatives from Google and Ericsson join the FX industry association
Ex-RBS options trader moves to Crossbridge Capital in Singapore
Galen Murphy left RBS last year with Nick Gentle and Pauric Hanna, who are now at UniCredit and CIBC respectively