News
FX Week Europe: Prepare for worst-case scenario in the eurozone
Panellists at FX Week Europe discuss the implications for the forex market of a possible exit of one or more eurozone members from the single currency
FX Week Europe: TCA key to effective algo execution, says Shell
Paul Downie, Shell's head of liquidity and FX, explains how thorough analysis of all available execution data has been key to the firm's trialling of FX algo tools over the past year
Miles joins FirstForex as director of sales
Simon Miles was previously head of deliverable FX at Mint Partners
Maher to join HSBC in FX strategy
Daragh Maher recently departed Crédit Agricole CIB, where he was deputy head of FX strategy
Credit Suisse cuts hit Asia sales, structuring and research
Alan Thomas, global head of FX structured products sales in Singapore, is made redundant from the Swiss bank
RBS confirms Corbett appointment in spot
Nomura's ex-head of G-10 spot in London will report to former colleague James Pearson at RBS
CLS pushing 'transformation' agenda, says Bozian
Central settlement utility is feeding greater resources into expanding its universe of currencies, according to chief executive Alan Bozian
DealHub launches proximity hosting for FX trading systems
Co-location in Equinix data centres has already gone live for customers in London, and will go live in New York in the coming weeks
Best Banks 2011: Deutsche Bank and Citi top poll
Deutsche Bank is voted best bank overall for FX for the third successive year, but Citi and UBS have powered back up the rankings to claim second and third place
Trading places, November 28, 2011
Changing roles at Nomura, Deutsche Bank, Citi and the FOA
Standard Chartered to roll out enhanced core custody platform
STANDARD CHARTERED IS upgrading its client offering by developing an enhanced core custody, settlement and safekeeping system. According to Standard Chartered, the core platform will give greater automation, customisation, direct market interfaces and…
FX Invest December 2011 edition now LIVE!
With no real solution in sight for the eurozone sovereign debt crisis, volatility of volatility in currency markets is likely to remain elevated, driving up requirements to manage currency exposures in international portfolios.
Bank of England sets out code of practice on electronic trading
Members of the FX Joint Standing Committee comment on the recently reviewed Nips code, which includes a new section on electronic trading
Lloyds appoints Coote head of spot
UBS's former global head of spot will join Lloyds on December 1
FXall stays on top as it moves towards IPO
FXall is ranked best professional e-trading venue for the second successive year as it prepares to go public in 2012
ANZ holds top spot for Aussie dollar
The Australian bank has invested both in people and technology over the past year, with a focus on growing its operations in London
Morgan Stanley Smith Barney increases managed futures allocation
Managed futures have low correlation to markets and perform well in difficult times, says MSSB. Choppy markets and frequent trend reversals created a difficult environment for the strategy this year.
Hedge fund redemptions rising for year end although in line with previous years
Despite the impact of turbulent markets and poor performance, hedge fund redemptions remain similar to 2010 levels. There are no signs of unusual investor activity, GlobeOp reports.
StanChart’s global head of Ficc departs
Remy Klammers has left Standard Chartered and is understood to be starting his own business
RBS adds bank sales to US e-commerce role
Matt Thomas, head of Ficc e-commerce in North America, is to take on responsibility for aligning the bank’s electronic product with the needs of bank clients
BNP Paribas hires Boehler to head institutional sales
Adrian Boehler will join in mid-December, having left HSBC in June
Upadhyaya to leave BAML
Strategist joined US bank from Putnam Investments in 2010 and will return to the buy side next month
4Cast hires six to work in London sales
New salespeople will report locally to head of sales Scott Bayliss
Simone Andre leaves HSBC sales role
Andre's departure is part of the bank's cost-reduction exercise, which has already made a number of FX sales and trading roles redundant