News
Informatica to launch messaging management tool in Q2
California-based data integration software vendor Informatica will launch a new messaging management system in the second quarter, according to officials at the firm.
In Brief, February 21, 2011
Read this week's In Brief to stock up on the latest technology news around the FX world.
Morgan Stanley loses six in London and New York
Morgan Stanley has seen six departures in New York and London since the beginning of February, with all understood to be moving to hedge fund Brevan Howard.
FX platforms ponder implications of Sef rules
Market participants might need to wait until July before the full implications of swap execution facilities on FX trading platforms are fully known.
Trading Places, February 21, 2011
Read this week's Trading Places to catch up on people moves across the FX world.
Isda working group to draw up new, standardised CSA
Derivatives market set for shake-up as confusion over how to price multi-currency CSA trades drives a push towards a standardised collateral agreement
Securities regulators at odds over OTC shift to trading platforms
Iosco members fail to agree on whether organised trading platforms for derivatives should source liquidity from multiple institutions.
Swiss banks report modest FX revenue rises in Q4
The two largest Swiss banks unveiled their financial results for the fourth quarter of 2010 last week, revealing modest increases in foreign exchange revenues.
Dustin Reid installed at BBVA as head of FX strategy
BBVA has hired Dustin Reid as its global head of foreign exchange strategy in the market and client strategy team based in New York, the bank has confirmed.
Trading Places, February 14, 2011
Read this week's Trading Places to catch up on people moves across the FX world.
IMF should draft rules on foreign exchange intervention, says BoI's Fischer
Bank of Israel governor Stanley Fischer calls on IMF to draw up international rules on foreign exchange intervention
Citi to provide PB services to brokers on FX Bridge options platform
Citi has become the second bank to provide foreign exchange prime brokerage (PB) services and options liquidity to brokers that use the FX Bridge Pro Trader Plus platform to offer FX spot and options trading to their clients.
Digital Vega plans Sef licence to boost options platform
London-based forex technology vendor Digital Vega will attempt to benefit from new regulations by applying to become a swap execution facility (Sef), the firm has told FX Week.
CLS committed to settlement risk mitigation under new regulations
68% of respondents to FX Week online poll believe CLS should be central clearer for FX products, but CLS insists it remains focused on mitigating settlement risk
Merchant Capital offers alternative for FX prop traders
Merchant Capital, a UK-based provider of asset management and advisory services, is courting foreign exchange traders departing global banks to establish their own enterprises, according to a senior official at the firm.
Meinnel emerges at State Street to run FX options
Loic Meinnel has joined State Street Bank and Trust Company in the new position of senior managing director, head of global markets foreign exchange options for Europe, the Middle East and Africa.
Saxo to launch streaming exotic binary options
Danish bank to add new options functionality to its trading platform in the second quarter
European Parliament and Council on collision course over FX exemption
The top European Union institutions in Brussels have found themselves at odds over the crucial question of whether foreign exchange contracts should be subject to new rules for mandatory clearing and reporting of over-the-counter derivatives in the…
European Parliament has neglected FX exemption question, says UK MEP
Kay Swinburne criticises colleagues in the European Parliament for failing to tackle the question of whether forex contracts need to be subjected to new clearing and reporting requirements
Proof of exposure required before Indian companies can trade FX derivatives
New regulations in India will require companies to prove they have an exposure that needs to be hedged.
FX options clearing will be challenging, Afme panellists warn
Conference speakers discuss the investment needed to meet requirements for central clearing of FX options.
Deutsche Bank’s Q4 results show strong performance in FX
Deutsche Bank published its fourth-quarter results on February 3, revealing its sales and trading net revenues, which include FX, had increased to €1.6 billion from €1.2 billion in the fourth quarter of 2009.
Nomura hires Roger García Bertrand as Constantinou departs
Roger García Bertrand, former head of Iberian flow rates and FX sales at Société Générale (SG), moved to Japanese bank Nomura in January to head Iberian flow rates sales.