News
BarCap reports further decline in FICC
Barclays Capital fixed income, currency and commodities’ (FICC) revenues fell to £1.9 billion in the third quarter, despite an improved performance in FX over the period.
In Brief, November 15, 2010
Read this week's In Brief to stock up on the latest technology news around the FX world.
Deutsche retains lead but BarCap surges up
Deutsche Bank maintains its lead in this year’s FX Week Best Bank awards, as Barclays Capital surges into second spot, relegating Citi into third in this year’s industry survey.
UBS resurges to take first prize for Swiss franc
UBS has taken top honours in the Swiss franc dealer category, in a spectacular comeback from fifth place last year to first.
Murex is first choice for risk management vendor
Murex has been ranked top vendor for risk management and options pricing software after jumping two places from third last year, taking the throne from 2009 leader Thomson Reuters.
Integral strengthens sales team new MD
NEW YORK - Bruce Wolf has joined technology vendor Integral as managing director of FX sales in the US.
BarCap still number one for e-FX
Barclays Capital held onto its crown as best bank in electronic trading for the third year running, while also moving up to first place for currency options and post-trade services categories.
FXall shines as professional electronic trading venue
FXall has claimed the top spot for electronic trading venues, ousting FXConnect, which drops to second place this year.
Clearing saga threatens structured products
Citi has usurped Barclays Capital as best bank for structured products, a category that could be in the spotlight as regulations are clarified.
HSBC ahead of the game with EM-to-EM focus
HSBC has maintained its lead in emerging market (EM) currencies by adapting its business to focus on the rise in trade between emerging market economies. But the trend sees EM-focused Standard Chartered hot on its heels.
SEB climbs to top in Scandinavian currencies
SEB has taken the title of best Scandinavian currency dealer, leaping from fourth place last year to beat 2009 winner Deutsche Bank.
HSBC wins best bank in Asia-Pacific with strong liquidity
HSBC is the best bank for FX in Asia-Pacific for another year running, using its ability to internalise flow and warehouse risk to offer clients tight spreads in illiquid conditions.
Trading Places, November 15, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
Extra capital needed for institutions deemed too big to fail, FSB warns
FSB sets out broad direction for special treatment, but admits the possible need for national discretion.
$300m net inflow to Asia hedge funds in Q3, says HFR
Net assets invested in Asian hedge funds rose by more than $300 million during the third quarter, according to research by Chicago-based Hedge Fund Research
Citi indexes offer low-cost forex exposure
Citi has launched the CitiFX Beta Indexes series, aimed at providing investors with an inexpensive, flexible means of accessing foreign exchange as an asset class.
Banks could circumvent Volcker rule by gaining hedge fund exposure synthetically
Volcker rule may contain loophole that allows banks to invest in hedge funds
Concern over scarcity of high-quality assets forces CCPs to broaden eligible collateral
Ice Clear Europe accepts gold for margin, while LCH.Clearnet is also working on extending eligible collateral
Lloyds hires forex solutions director
Belinda Merrick has joined Lloyds TSB as director of major corporate FX solutions.
Citi builds private banking with Schmeja
Former RBS and Deutsche chief joins US dealer in private banking push
RBC targets Asian wealth management clients
Royal Bank of Canada (RBC) has acquired Fortis Wealth Management Hong Kong as part of an effort to build up its private banking business in Asia.
Christopher Street finds new global head
Steve Janjic has joined Christopher Street Capital as managing director and global head of e-FX sales and distribution in New York.
Gorra leaves RBS
Peter Gorra, head of G-11 foreign exchange spot trading for the Americas at Royal Bank of Scotland, has left the bank, according to market sources.
Dealer concern over proposed change to client margin segregation
Ice Trust estimates it might have to increase initial margin by 63% to cover risk.