News
Retail FX poised for further growth in Asia, says Aite Group
Aite Group identified demographic trends, internet penetration and potential returns in financial turmoil as the key drivers for the strong performance of retail platforms
CME plans to clear all FX products, despite probable exemption
Swaps and forwards will be part of the exchange group's FX clearing initiative as banks will need to clear them if used to hedge an option
Standard Chartered hires Thorpe and Donnelly to head G-10 spot
Asian bank appoints G-10 spot trading heads from JP Morgan and BAML
MF Global hires Kemp and Olesen to drive fresh strategy
Citi veterans will take senior roles in New York and London as MF Global repositions itself as an investment bank
FX derivatives volume grew by 9% in H2 2010, says BIS
Total notional OTC volume across asset classes rose by 3%, having contracted by 4% in the first half of the year
BNP Paribas hires Nash from Barclays Capital
Move follows relocation of James Davison to New York in January
Haley leaves CIBC in London
Institutional sales head has left Canadian bank
BAML's John to join Citi in spot trading
Anthony John has left BAML alongside senior FX trader Graeme King
Swiss franc: safe-haven currency?
With banks widely recognising US dollar weakness and uncertainty over the eurozone as an ongoing trend in FX markets this year, Miriam Siers talks to currency strategists about the prospects for the Swiss franc
Duffie paper sparks debate over credit risk in FX swaps and forwards
Market participants respond to calls from academic Darrell Duffie for more analysis before finalising exemption of FX swaps and forwards from clearing requirements
State Street admits to SEC pricing probe
SEC is investigating State Street over its FX pricing as part of ongoing regulatory probe into overcharging by major custodians
Thomson Reuters rolls out Dealing Aggregator
FX aggregation service aimed at customers trading on the Thomson Reuters Dealing platform
Di Clemente quits UniCredit for Daiwa
Japanese bank hires Di Clemente to senior FX role in Hong Kong
CIBC appoints Mondedeu to senior trading role
Mondedeu will relocate from Madrid to London to take on new position
Credit Suisse hires Lawes from BAML
Spot trader joins Swiss bank as Oleg Grishin hired in Singapore and Magda Rakita departs in London
Basel III already raising costs for long-dated FX, argue corporates
Panellists at ACT annual conference express concerns about the knock-on effects of Basel III and OTC clearing rules
European Commission ‘unhappy’ with Dodd-Frank extraterritoriality
EC official voices concern at London conference over the long arm of US swaps regulations
Etherington joins BBVA from Lloyds
New addition to corporate FX sales team follows two other senior hires in January
FXall’s Nagel joins ADS Securities
Former Asia sales head at FXall takes on regional sales role at start-up brokerage firm in Abu Dhabi
Exemption clarity allows market participants to prepare for new regime
Banks, market infrastructures and industry associations prepare to move forward with regulatory preparation, now that swaps and forwards are set to be exempt
FX spot volumes drop back to normal
Thomson Reuters and Icap report more normal volumes in April after a spike in March
