News
Citi’s Jones to relocate to London
Simon Jones to head up FX e-trading across G-10 and emerging markets
Drysdale joins RBS from Goldman Sachs
Trader will work in currency options in London, reporting to Richard Fawcett
Corporates fear move to platform trading for FX options
Despite being exempt from clearing and exchange trading requirements in the US and Europe, some corporate treasurers fear they might have little choice but to execute FX options on electronic platforms
US dollar set for safe-haven flows in 2012, according to industry poll
According to 36% of respondents to FX Week’s latest online poll, the US dollar is the only real safe-haven currency, while 33% suggest there is still some promise in Nordic currencies
Chad Smith joins Faros Trading from RBS
Former bank sales head joined Faros on December 1 and reports to Brad Bechtel
BMO hires Richard Brook in spot trading
Ex-JP Morgan trader will start at Bank of Montreal in January
Global FX division kicks off outreach programme on trade reporting
Industry outreach sessions focus on preparing institutions to meet reporting requirements for FX contracts, as final CFTC reporting rules expected next week
Bank of Tokyo-Mitsubishi UFJ expands in FX sales
Moritz Knickrehm and Matthieu Gloux have joined the Japanese bank in London
Wiedmann departs Credit Suisse as FX merges with EM fixed income
Merged unit, known as global currencies and emerging markets, will be established on January 1 under the leadership of Chris Corson and Todd Sandoz
BBVA hires FX strategist in London
Peter Frank joins from Société Générale and reports to Dustin Reid
FX business at Thomson Reuters falls under new management
Matching platforms will no longer fall under the remit of Shanker Ramamurthy, who joined Thomson Reuters from IBM in June
BNP Paribas preps launch of Cortex single-dealer platform
French bank expects to launch its new platform early in the first quarter of 2012, following a 14-month development period
Banks dare to hope for calmer FX markets in 2012
Barclays Capital expects greater stability in the eurozone in Q1, but believes the euro will continue to depreciate
Trading places, December 12, 2011
Promotions and appointments at Advent Software, LCH.Clearnet, SGX and RBC Dexia
WEBINAR: Cloud computing a 'transformational technology'
New technology allows barriers to be broken down and new communities to be created, says Integral's Harpal Sandhu
Camilla closes record FX trade for Icap’s charity day
The Duchess of Cornwall closed a $27 billion FX trade between Barclays and Citi, believed to be the largest FX trade ever
Ex-EBS Toland to join LMAX
Icap's ex-head of EBS sales for Europe and North America will join LMAX as head of exchange strategy in January
ING appoints Hudd from BarCap for FX sales
Caroline Hudd will be based in London and report to Emeryc Kpenou
UniCredit FX under new management with Laffineur and Broeker
Bernd Broeker, formally global head of FX options at Nomura, becomes global head of G-10 FX and deputy head of FX
FX repository aiming for mid-2012 launch, says DTCC
Following the launch of the interest rate derivatives trade repository yesterday, the Depository Trust & Clearing Corporation confirms FX and commodities are the next priority
Saxo Bank reshuffles staff to drive platform development
Erik Bjørn Jensen is promoted from regional commercial officer to head of content strategy
FX Week Europe: FX clearing has taken an illogical course, panellists warn
Non-deliverable forwards are the current focus for FX CCPs and banks, but panellists point out the risk in those products is negligible
FX Week Europe: Algos prove their worth in volatile markets, say banks
By locating the best sources of liquidity and benchmarking execution to the rest of the market, algorithmic strategies add value in difficult markets, according to pioneers at Credit Suisse and Citi
FX Week Europe: Investors warned to be prudent on EM currencies
Senior strategists and currency managers warn emerging market currencies are no panacea to the troubles in the eurozone