News
Deutsche Bank makes senior hires and promotions in London and New York
Jennions and Winder resurface at Deutsche after resigning from Morgan Stanley, as Justin Gray joins from Barclays
SGX to clear FX forwards despite possible Treasury exemption
SGX to add new currencies and asset classes, including FX forwards, to OTC clearing service
Edgington quits Morgan Stanley
US bank loses its head of European IRCC sales, but hires senior marketers to its FX prime-brokerage business
Yen will strengthen as it did after Kobe, say currency strategists
The earthquake and tsunami that struck Japan on March 11 will not force a weakening of the yen, according to currency strategists focused on the region.
FX Invest Europe: Renminbi could overtake euro as alternative reserve currency
Panellists discuss the US dollar as the unquestioned reserve currency
CPSS-Iosco proposes risk standards for CCPs
Central counterparties should be ready for failure of one or two largest customers, regulators suggest
Afme global FX division calls for restraint on Sefs
Managing director James Kemp explains how Sef rules can be applied without putting the current liquidity and volumes of the FX market in danger
Alpari launches FX options platform
Platform launched on March 9 to execute vanilla options trading strategies
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