News
FXall hires CIO as Asia sales head departs
Kevin Lupowitz has joined electronic foreign exchange platform FXall and will take the role of chief information officer (CIO), starting today (March 14).
Thomson Reuters Matching hit by four-hour outage
Banks and competitors react to the lengthy blackout on the FX trading platform on March 9.
Morgan Stanley loses two FX traders
Morgan Stanley has lost two senior foreign exchange traders in London, Steve Jennions and Steve Winder. Jennions is understood to be considering a new position with a European bank. Winder’s plans are unknown.
Trading Places, March 14, 2011
Read this week's Trading Places to catch up on people moves across the FX world
Nomura appoints corporate FX chief in London
Daniel Kinnear has joined Nomura as head of European corporate foreign exchange.
The euro: Up or down?
Nearly a year after the eurozone sovereign debt crisis erupted, we talk to four currency strategists to ascertain the prospects for the European currency over the coming year and identify the euro bears and bulls
Icap decimalised pricing off to steady start
Interdealer broker Icap moved smoothly to decimalised pricing on major currency pairs on March 7, with almost half of all transactions in the first two days executed using decimals, according to the broker.
Jakobsen returns to Saxo as chief economist
Steen Jakobsen will return to the role of chief economist at Saxo Bank on March 17 after a two-year hiatus.
FX Invest Europe: Sell the dollar and sterling, warns senior Swiss economist
Foreign exchange investors should sell the dollar and sterling as both currencies are structurally vulnerable and on a downward path, according to warnings from the chief economist at a Swiss private bank.
Thomson Reuters Matching hit by four-hour outage
Banks say liquidity was affected by the service outage but it was fortunate to occur at a quiet time for the market
FX Invest Europe: Get into emerging markets, say managers
Foreign exchange investors should look to emerging markets to realise the best returns in today’s market, according to senior buy-side practitioners speaking at the FX Invest Europe conference in Zurich on March 8.
CIBC appoints Yeoh, Lee and Downing
Canadian Imperial Bank of Commerce (CIBC) has made three senior hires to its Hong Kong and Toronto offices.
Spot fixes tie-up will benefit the market, say Icap and Thomson Reuters
Interdealer broker Icap and Thomson Reuters are now delivering benchmark spot foreign exchange fixes for six major currency pairs, a development both companies say will improve pricing for FX market participants.
FX off the agenda at European Parliament meeting
The Economic and Monetary Affairs Committee (Econ) of the European Parliament has continued to ignore the treatment of foreign exchange in European derivatives legislation, according to Kay Swinburne, a British member of the European Parliament (MEP) in…
Panellists divided over whether TCA cuts off execution venues
Buy-side traders are divided over whether the use of transaction cost analysis (TCA) tools materially influences their choice of execution venue, according to panellists at the FIX Protocol Trading Conference in London on March 1.
Gold-i unveils improved Gold-i Gate Bridge
Vendor launches version 2.5 of flagship system with improved functionality
Wall Street Systems up for sale
Technology vendor Wall Street Systems is up for sale after US private equity firm Warburg Pincus, which acquired the vendor in 2006, undertook a tender process in late 2010 to gauge market interest in its holding. Wall Street Systems declined to comment.
In Brief, March 7, 2011
Read this week's In Brief to stock up on the latest technology news around the FX world.
Trading Places, March 7, 2011
Read this week's Trading Places to catch up on people moves across the FX World
Saxo reports record 2010 with strong FX volumes
FX made up 70% of the bank's income last year, but 2011 strategy is to diversify into other asset classes
Ex-BAML DeLorenzo installed at SocGen
French bank hires FX trader as head of short-term interest rate trading
TD Securities hires Steve Smith in FX sales
Former Credit Agricole salesman joined Canadian firm on March 1
Hoornweg takes on new role at UBS after senior departures
Global head of FICC and head of securities both understood to have left the bank in February
RBS hires O’Brien from BAML
New FX sales director will expand platform to real-money clients