News
ADS Securities to provide liquidity through Integral
Start-up brokerage has connected its API to Integral and expects to execute first trade with an Australian client within days
Trading places, November 21, 2011
New appointments at ANZ, ICI Global and Bats Europe, while Gain Capital's CFO departs
Barclays Capital loses two FX traders
John Erratt and Reg Mehta leave the bank in London
Babich departs HSBC as cuts hit FX
Dean Heiden, Chris Bolton, Ted Mermel and Lily Han have also left FX sales roles in London and New York as part of HSBC cuts
Riccardo Rebonato quits RBS for Pimco
Ex-head of front-office risk management and quantitative research will join Pimco on December 1 as head of rates and FX analytics
Maher departs Crédit Agricole
Deputy head of FX strategy had been with the French bank in London since 2004
Political crisis in Europe brings volatility back to FX options
Volatility returned to eurodollar last week as FX traders priced further downside risk into euro options
Gold-i partners with Vision Solutions for disaster recovery
Systems integration vendor has started to resell Vision Solutions' disaster recovery technology, Double-Take Software
Trading places, November 14, 2011
New appointments at CBA, Integral and RBS while top roles are reshuffled at Isda, Esma and the FSB
FX sales focus: Banks go multi-asset in growth markets
Both top-tier and second-tier banks opt for dedicated FX sales forces in locations where they have a large presence, but tend to go multi-asset in countries where they are seeking to grow
Japanese corporates count costs of further yen strength
Japanese companies have been hit hard by the strength of the yen and are now revising down their profit forecasts in anticipation of further appreciation
CME vows to expand NDF clearing by year-end
Expansion of the exchange’s nascent NDF clearing platform to include a broader range of NDFs is set to begin within weeks, according to Roger Rutherford
ADS expands sales effort with senior hire
Ex-HSBC Hassan Hannouf joined ADS Securities in Abu Dhabi last month
Ex-RBS de Wulf joins HSBC in FX sales
Ruth de Wulf will be based in London and cover Scandis and the Netherlands
Credit Suisse layoffs claim Nick Barker
London-based head of FX e-commerce is made redundant from Credit Suisse, having joined from UBS in March 2010
UniCredit restructures institutional sales force under Groot
Six product lines for institutional sales at UniCredit include foreign exchange, interest rates, credit, central and eastern Europe sales, solution sales and cash equity sales
Credit Suisse hires head of FX trading
David Tait will join Credit Suisse from UBS in January, reporting to global head of FX Todd Sandoz
The eurozone is not 'Hotel California', says BNY Mellon strategist
Simon Derrick stresses eurozone membership is not interminable and believes the likelihood of Greece leaving the eurozone is now the most plausible option following the events of last week
European banks report tough Q3 in Ficc
Q3 results at Barclays Capital, Credit Suisse and BNP Paribas suggest a difficult third quarter in Ficc, offset by strong FX performance
Regulators plan co-ops as answer to OTC fragmentation
CLS Bank-style regulatory council could be applied to trade repositories and CCPs to avert market fragmentation, but French regulators are not convinced
Eurobase debuts Evo single-bank platform
New single-bank platform will have enhanced user experience and the flexibility to trade asset classes other than just FX and money markets, officials at Eurobase tell FX Week
Dow Jones pitches news-based algo trading to FX traders
News providers including Dow Jones and Thomson Reuters report widespread interest in news feeds that scan keywords in news stories to forge trading strategies, but some remain sceptical about whether they can genuinely add value for traders. Farah…
MF Global bankruptcy leaves FX expansion in limbo
US broker-dealer had pursued an aggressive push into foreign exchange over the past six months, the future of which is now unclear following its bankruptcy last week
Eurozone members expected to decrease, Bloomberg survey finds
The results of the vendor’s latest industry poll suggest the number of countries in the eurozone will fall within the next five years