News
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
Trading Places, July 25, 2011
Appointments at TwoFour, SecFinex, DealHub, Berenberg and Alexander Forbes, while Credit Suisse reshuffles private banking heads in Asia
Credit Suisse recruits Amanti to run FX structuring in Asia
Amanti joined Swiss bank in Singapore earlier this month after leaving Barclays Capital
Société Générale to provide options liquidity to FX Bridge
French bank is integrating systems with US-based vendor’s ProTrader Plus platform
FX Week USA: Prime brokers braced for change under mandatory clearing regime
FX prime-brokerage heads at BAML and UBS confirm their intention to ease operational challenges for clients under new regulations by offering a single point of entry both for cleared and non-cleared trades
Gammage leaves Citi amid slew of FX layoffs
Global head of G-10 e-commerce sales has been made redundant, 18 months after joining, along with around 20 others in FX globally
Nomura loses Corbett and Selby
Departures follow that of James Pearson earlier this year
Lloyds hires Chatterton from Thomson Reuters
Richard Chatterton joins Lloyds Bank to run its FX electronic platform.
FX Week USA: Regulation both good and bad for the end-investor
Panellists agree mandated use of CCPs and exchanges could attract investors but will also raise costs
Brian Schlosser to join BAML from Citi
Options trader will report to Rob Ettinger, who joined from JP Morgan in March
FX Week USA: Niche services rather than volume set to dominate FX
Conference speakers discuss the changing nature of the foreign exchange market, and agree successful providers in future are likely to be those that can offer a range of niche services rather than those with the highest volumes
FX Week USA: Recovery has taken a nose dive, IMF warns
Monetary and capital markets deputy director Christopher Towe tells conference delegates that ongoing vulnerabilities could sow the seeds of the next crisis
Multibank options platforms proliferate
Alpari’s Daniel Skowronski admits sourcing liquidity has been a challenge since the firm’s options trading platform went live in March
Trading Places, July 18, 2011
Departures from RBS and BNP Paribas in London and New York as Credit Suisse hires in AES sales in London
DTCC, Swift reveal details of repository plans
Swift will provide its existing FX derivatives messaging traffic while DTCC will leverage its expertise in the provision of repository services, the two firms have told FX Week