News
Broeker joins Unicredit to craft FX strategy
Former head of options at Nomura joins Italian bank following the recent departure of its global head of FX, Nick Crawford
FX Week Asia: Options clearing on hold, prime brokers confirm
FX clearing will be restricted to non-deliverable forwards as US authorities discuss whether settlement risk can be properly managed for cleared FX options, according to speakers at the FX Week Asia conference in Singapore
FX Week Asia: Corporate hedgers rattled by volatility
Tumultuous foreign exchange market in September has left some hedging strategies in disarray and led to more timely exposure monitoring in one treasury department, say corporate treasurers speaking at FX Week Asia
FX Week Asia: World economy 'needs alternative reserve currency'
Chinese renminbi looks poised for reserve status, but still no consensus on when it will happen due to forces beyond "anyone's control", senior academic tells FX Week Asia conference in Singapore
BAML expands FXPB presence in London
Janet Thomas has joined Bank of America Merrill Lynch in FX prime brokerage in London
Emerging markets focus to boost NDFs despite clearing costs
The growth of the non-deliverable forwards market will not be hit by impending clearing laws
Pace of renminbi appreciation will slow, says Deutsche
Jens Scharff-Hansen, co-head of FX and short rates trading for Asia at Deutsche Bank, talks to Farah Khalique about the growth of offshore renminbi trading, recent dislocations in the onshore and offshore markets and how corporates can take advantage
Multiple repositories will protect against technological failure
Regis-Tr will roll out its reporting services for foreign exchange in mid-November
The renminbi's road to success
The renminbi is on the up, but is it climbing fast enough? Farah Khalique talks to currency strategists and a global head of FX structuring about the performance of the currency and future trends
RMB’s rise to reserve currency status accelerates
The possibility that renminbi will become a reserve currency in its own right appears to be becoming a reality, as a number of central banks have begun to diversify into the Chinese currency. Chiara Albanese reports
Trading places, October 17, 2011
Read about hires at Lloyds, UBS, Société Générale, Anello Asset Management
Crawford heads to Commerzbank
German dealer names new trading chief as it continues to bolster its FX franchise in light of regulatory changes and challenging market conditions
US banks at a disadvantage in face of Volcker rule
Non-US banks will have an advantage over US counterparts when it comes to prop trading, according to one legal expert
Two FX traders depart Nomura
Sami Amara and Yoshi Koska have both left the bank in London
BNP Paribas promotes Famery to replace Chase
Fabrice Famery assumed role of head of European corporate rates and FX in September
Bourget to join UBS from SG CIB
Regis Bourget will join the institutional sales desk in December, reporting to Richard Longmore
Nomura loses chief economist
Peter Westaway, former head of the Bank of England's research division, has resigned from Nomura
CME Group recruits Knottenbelt from RBS
Industry veteran Willian Knottenbelt appointed to lead the exchange group’s Emea operations
Drysdale departs Goldman Sachs
FX options trader's departure is understood to be part of Goldman's global headcount-reduction exercise
Sterling: hamstrung by the latest round of QE?
With the announcement from the Bank of England on October 6 of a further round of quantitative easing, the consensus view of contributors to FX Week’s currency forecast index is that cable will remain around 1.55 for the next three months, despite being…
Profile: Credit Suisse Advanced Execution Services
Credit Suisse is one of a number of banks to have invested heavily in its algorithmic trading capabilities over the past decade. Clive Davidson talks to the bank’s algo trading team to find out how it plans to leverage its success in equity and FX…
G-10 troubles fuel sell-off in EM currencies
Declining risk appetite and a flight to quality have driven a sell-off in some emerging market currencies and pushed up the cost of hedging, say participants
Central banks shy away from euro reserves
New data from the IMF’s currency reserves database suggests reserves accumulation has slowed during 2011 and the appetite to hold euro reserves has also waned, particularly on the part of emerging market central banks
Trading places, October 10, 2011
Appointments announced last week at London Stock Exchange, UBS, GFI and Société Générale CIB