News
Gulf currency volumes improve on TR Matching
Gulf Co-operation Council (GCC) currency volumes on Thomson Reuters' Spot Matching Service are picking up, but more market-makers are needed on the system, according to bank sources in the region.
Currency ETPs kick off
ETF Securities saw assets under management (AUM) in its currency exchange-traded products (ETPs) rise by 16% to $240 million in the week of November 15, as investors moved to hedge euro risk.
smartTrade upgrades clients with StudioAir
smartTrade is migrating clients from smartTrade Studio to StudioAir, an upgraded version of its front-end trading application that enables traders to customise desktop views.
BarCap loses emerging markets chief in New York
Barclays Capital has lost its emerging markets trading chief in the US, amid speculation of a replacement.
SDX expands exotics options
SuperDerivatives is capitalising on increased risk appetite for exotic options with the launch of new correlation products on its multi-asset pricing system, SDX, in the first quarter of 2011.
Trading Places, November 29, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
'Barracuda trading' swims to the fore in Europe
French finance minister Christine Lagarde yesterday told a parliamentary committee that high-frequency trading (HFT) should be regulated "very strictly", and even banned in "exceptional" circumstances.
FXecosystem gets Series A funding
Trading infrastructure vendor FXecosystem has completed a Series A funding round from New York and London-based investors.
CME’s CCP to clear Middle East products and reduce 'black swans'
The Chicago Mercantile Exchange's (CME) bid to eliminate 'black swan' events in the commodity derivatives arena received a boost with the announcement that the world's largest derivatives exchange will start clearing a new range of Middle Eastern and…
EU Prips consultation document accepts one size does not fit all
The European Union has published its consultation document on the legislative steps for the Packaged Retail Investment Products (Prips) initiative. The document contains few surprises and is available for final comments until January 31, 2011.
British bankers lobby Banking Commission
British Bankers’ Association chief executive Angela Knight warns against breaking up banks; argues Basel III does not need to be buffered by national measures
Dodd-Frank slows down full implementation of Basel II
Contradictions in the US regulations slowing down exit from Basel II parallel run
RBC rebuilds sales team, adds FX veteran Baune
Royal Bank of Canada is continuing to bolster its global sales force, with the hire of an industry veteran in London.
First offshore renminbi swaption accomplished in Hong Kong
The first offshore renminbi OTC swap option was carried out this week between BNP Paribas and HSBC in Hong Kong, brokered by Icap.
Pinto returns to Goldman Sachs
Goldman Sachs continues to build in electronic commerce sales in New York.
BAML hires Vamvakidis as new strategy head for Europe
Athanasios Vamvakidis has joined Bank of America Merrill Lynch (BAML) Global Research, London, as head of European G-10 foreign exchange strategy, reporting globally to David Woo, head of global rates and currencies research in New York.
Digital Vega launches multibank FX options trading platform
LONDON - Digital Vega has become one of the first vendors to fill a gap in the market for a multi-bank forex options trading platform, with the launch of Medusa last week.
Trading Places, November 22, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
Market endorses 'elegant' CFTC proposal on margin
The Commodity Futures Exchange Commission (CFTC) tabled four proposals on segregation for client margin in cleared over-the-counter derivatives trades, and early feedback from the industry indicates a clear front-runner.
UBS hires in options trading
Swiss bank UBS has hired two new options traders to its Stamford trading floor, the bank has confirmed.
HSBC wins Schaeffer from BAML in new US options role
HSBC has hired Burt Schaeffer as its North America and Latin America currency options trading chief.
Morgan Stanley loses options trader in London
Andrew Mayer, an executive director at Morgan Stanley and member of the bank's options business in London, has left the bank, according to market sources.