News
Kellaway takes interim trading head role at Lloyds
Head of swaps trading steps up to new interim role following restructuring at Lloyds and the departure of Ian Firth from his previous role as head of treasury and trading
GFI Fenics hires LatAm sales head
Appointment of Deborah Bonfield in New York comes months after four new hires in Asia
Richard Gladwin quits Nomura
Japanese bank's global head of FX left last Friday
Investors caught out by strength of Swiss franc and yen
Intervention from Swiss and Japanese authorities last week to weaken currencies meets with mixed success and leaves trading desks facing uncertain environment
Our summer of discontent
July and August typically herald a quiet period for FX trading desks with low volatility and subdued investor activity. 2011 has been very different, with banks facing a number of challenges across major currencies in recent weeks. How have they managed…
BGC adds non-deliverable options to Thomson Reuters Trade Notification
Interdealer broker says addition of non-deliverable options will enable its clients to benefit from reduced risks and costs
Trading Places, August 8, 2011
New appointments at HSBC, Santander and BAML, while Nomura loses a strategist
Ex-BarCap corporate duo joins Banca IMI in Milan
Nicola Baiocchi Di Silvestri and Nicola Giaretta have joined Italian bank to drive growth in corporate FX, rates and commodities
CIBC hires Tan from WestLB in Hong Kong
Soo Chin Tan joins Canadian bank to focus on growth market currencies in Asia
Lloyds recruits Underwood to head US trading
Ex-StanChart trading head started at Lloyds on August 1 and will be responsible for forwards and options trading in the region
Japan’s new leverage limit will hurt carry trade, says Glenn Stevens
Japan FSA's 25:1 leverage limit implemented on August 1 could kill the popularity of the carry trade for retail investors, says Gain Capital's chief executive
Trading volumes soar in July, report EBS, Reuters and FXall
High volatility in FX markets as a result of eurozone sovereign debt issues and the US debt problems have resulted in record volumes, platforms report
State Street buys into Digital Vega
State Street stake comes weeks after Deutsche Börse bought a minority stake
Thomson Reuters launches CNH swap trading on Matching
First CNH swaps on Thomson Reuters Matching were traded on July 25 by two undisclosed banks, vendor reveals
Trading Places, August 1, 2011
CLS appoints CTO, SG CIB loses its head of institutional FX sales
Wilson-Taylor departs e-commerce role at UBS
Swiss bank loses its US-based head of e-commerce, an ex-State Street e-FX pioneer
Anshu Jain to become Deutsche Bank's co-chief executive
Anshu Jain and Jürgen Fitschen to succeed Josef Ackermann in May 2012
Saxo takes stake in Leverate
UK-based Leverate will retain its independence but benefit from Saxo's capabilities
Questions raised over UK’s FX volume surge
Market participants attribute a range of factors to the 23% rise in FX turnover in the UK reported by the Bank of England's FX Joint Standing Committee on July 25
FX Week USA 2011: Delegates talk regulation and technology
Farah Khalique talks to delegates and presenters at FX Week USA about the regulatory and technology trends driving FX markets in 2011
FX Week USA 2011: Delegates talk strategy
Farah Khalique talks to delegates and presenters at FX Week USA about the trends driving currency markets in 2011
Greece’s second bailout met with relief
Traders and strategists believe latest rescue package is a positive development, but expect further pain ahead as it is implemented
CNH deliverable forwards in Hong Kong could outgrow NDFs
Rising offshore renminbi interbank rates in Hong Kong have made its deliverable forwards market the cheapest way for corporates to hedge, compared with NDFs and onshore forwards, say bankers
Iranian public votes to switch currency name from rial to parsi
Early indicators from a survey on currency reform show Iranian public favours a change in the Iranian currency's name and denomination, senior official tells Central Banking, FX Week's sister publication