News
Splits emerge in CFTC and SEC swap product definition rules
Agencies largely aligned, but conflicts remain after 10-month negotiation
Dovish Fed statement heightens dollar bearishness
April 27 FOMC statement confirms QE2 will end in June and interest rates will remain low for an extended period
Maxwell quits BAML for Standard Chartered
Appointment follows four senior departures from the Asian bank
Ashraf Laidi quits CMC for start-up consultancy
Intermarket Strategy to focus on analysis and consulting in FX and commodities
Payne leaves HSBC in London
Emerging markets FX official leaves HSBC, following a number of other senior departures in recent weeks
Barclays Capital signs up to CLS Aggregation
UK bank becomes the ninth CLS Aggregation participant since the platform launched in January 2010
Charitable sector gets savvy in FX hedging
Investment managers that serve the not-for-profit sector say charities have become more sophisticated in hedging their currency risk after experiencing increased volatility. How do charities typically hedge their FX risk? Chiara Albanese reports
Speculation surrounds FOMC meeting for clues on possible dollar rally
First-ever FOMC press conference on April 27 could give market some indication of the impact of the end of QE2 and the possible timing of rate hikes, strategists hope
Deutsche Bank sells dbFX to Gain Capital
German bank says further growth of the retail trading business requires a specialist like Gain Capital as it sells the dbFX offering it has built up since 2006
RBC hires Peter Hirsch from StanChart
Three others also understood to have left StanChart's FX sales and trading business
Ion Trading to acquire Wall Street Systems
Deal expected to close within months and makes a natural combination of specialities, according to industry observers
Pagano leaves BNP Paribas for UBS
Will become UBS's head of Italian corporate FX sales
Killen quits HSBC’s FX options desk
The bank has already lost Simon Manwaring and Howard Buckley in London
Wilkins replaces Wee in e-FX role
David Wilkins moves from Barclays Capital to Deutsche Bank to take up the role of head of electronic foreign exchange sales, Asia
US Treasury to move 'expeditiously' on FX exemption
Assistant secretary to the Treasury Mary Miller recognises the need to clarify the regulatory regime for FX swaps and forwards sooner rather than later
Progress Software extends FX connectivity on Apama platform
Vendor has added connectivity to FX platforms of Nomura, JP Morgan, BNP Paribas and Commerzbank through its Progress Apama Capital Markets platform
TraderTools steps into the light with Citi Prime Finance
Vendor plans to pilot fully transparent aggregation tool to rival FX ECNs by the end of April
Lars Olesen quits Saxo
Former Citi veteran to be replaced by Conor Ringland at Saxo Bank
Deutsche and Barclays sweep into CNH derivatives
Banks both now offer offshore renminbi trading in spot, forwards and swaps on their FX platforms after new launches over the past fortnight
Testing the limits
Thomson Reuters Spot Matching suffered a major outage last month, with trading unavailable on any currency pairs for four hours. Chiara Albanese speaks to FX trading platforms to assess how they test their technology to prevent such outages
BMO appoints Nicholson, expands in Hong Kong
Ex-Barclays Capital hedge fund salesman to join Bank of Montreal in London next month