News
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
Newedge hires Roper in FX sales
Andrew Roper joins Newedge from UniCredit, where he worked in FX institutional sales
Tarun Jotwani to leave Nomura
Global head of markets is made redundant from the Japanese bank
Morgan Stanley cuts hit FX sales and trading
Job cuts at the US bank claim four salespeople and two traders in New York and London
Rabobank hires FX strategist in London
Christian Lawrence joins from RBC Capital Markets, and reports to Jane Foley
LCH.Clearnet hires options technology head from BAML
Emanur Rahman will report to CIO Tom Zschach, who also joined from BAML last year
David Knott departs SG CIB
Co-head of flow fixed income and currencies is to leave the French bank, according to memo circulated this morning
Markets braced for tough 2012 in FX
Market participants share their expectations for a challenging year ahead in the foreign exchange industry
Increase in Swissie floor still on the cards, say strategists
Currency analysts expect the EUR/CHF floor could rise 1.25 or 1.3 by the end of March
Fidessa rolls out FX trading on execution platform
Users of Fidessa's buy-side workstation can now trade more than 1,300 currency pairs, following integration of FX trading in Q4
Trading places, January 9, 2012
New appointments at Alpari, FXecosystem and LCH.Clearnet, while SG CIB unveils a new management structure
UniCredit appoints Gentle in FX options
Nick Gentle joins from RBS and will report to Peter Jerrom and Bernd Broeker
Scott Fitzpatrick departs GFI Group
GFI's brokerage client relationship director is relocating to New York with his family, but his professional plans are not yet known
ING moves US-based FX trading desks to Europe
The reorganisation will affect roughly 40 employees and is part of the bank’s preparation for new capital requirements