News
Thomson Reuters Spot Matching launches new Arab currencies
DUBAI – Thomson Reuters launched three new Gulf Co-operation Council (GCC) currencies in April on its Spot Matching system, in response to customer demand.
Sijbrandij calls time at Goldman Sachs
LONDON - Robbert Sijbrandij, vice-president and head of European real-money FX sales at Goldman Sachs in London, has left to join HSBC in the City.
Tullett Prebon extends post-trade with Thomson Reuters
LONDON - Thomson Reuters is capturing a larger slice of the post-trade market for forex derivatives, through a deal extension with Tullett Prebon.
April a pleasant month for ParkerFX
STAMFORD, CT – The Parker FX Index is reporting a 0.52% return for the month of April as managers benefited from the continued decline in European currencies.
BarCap beefs up in the US, but loses in Europe
NEW YORK - Barclays Capital has boosted its sales coverage in the US with the hires of Mike Testa, Marlena Demenus, James White and David Weiss in New York and San Francisco.
Trading Places, May 31, 2010
Read this week's Trading Places to catch up on the latest people moves across the FX world.
In Brief, May 31, 2010
Read this week's In Brief to catch up on the latest FX technology news.
Risk Europe: Euro volatility and regulatory uncertainty biggest concerns, say CROs
Buy-side chief risk officers voice their concerns about the effects of regulatory inconsistency on volatility.
Banks starting to think local after crisis, BIS finds
Banks around the world are slowly shifting to rely on local retail funding, says the Bank for International Settlements
German short-sell ban snares long euro FX derivatives
Long euro derivatives positions caught up in proposed legislation, while doubts remain over the exemption of market-makers
Beriot in shock move to Citi from SocGen
LONDON & NEW YORK - Citi has made a key hire from Société Générale in institutional sales, a week after the departure of Jan Bak, head of non-UK European institutional sales in London.
Naked euro currency swaps face same fate as CDSs in Germany
Germany broadens shorting ban scope
Euro to continue decline
LONDON – Analysts are predicting further euro weakness, expecting the unit to return to 1.2135, with the short covering correction be short-lived.
Hotspot extends reach
JERSEY CITY, NJ - Agency broker and market-maker Knight Capital Group has connected foreign exchange and fixed-income trading platforms - HotSpot FX and BondPoint, respectively - to the Secure Financial Transaction Infrastructure (SFTI) network from NYSE…
Non-banks drive up Hotspot volumes
JERSEY CITY, NJ - HotspotFX reported a 107.9% rise in average daily volumes to $35.2 billion - double count - in April, versus $16.9 billion last year.
FXall targets Japan expansion
TOKYO – FXall continues to expand its presence in the Asia-Pacific region, with a key hire from Deutsche Bank in Tokyo.
Citi sales reorg after Jan Bak departure
LONDON – Citi has reorganised its institutional sales team with the departure of Jan Bak, head of non-UK European institutional sales in London.
SEB targets Asia growth
SINGAPORE - SEB has relocated Seppo Leskinen, chief investment officer of the SEB Multi-Manager Currency Fund, to Singapore from London, to leverage demand for currency management by investors in the Asia Pacific region.
Bank FX price feeds fall short
LONDON - Banks must improve their foreign exchange pricing and trading infrastructure or risk losing order flow, according to currency traders.
Nexaweb melds FX pricing, trading on new platform
Burlington, MA-based Nexaweb Technologies, a provider of web-based business applications, has released a trading and price-discovery platform for foreign exchange markets, with pre-configured data connectivity, aimed at banks seeking to deploy a web…
SmartTrade bows OTC pricing tool
French trading systems vendor SmartTrade will this week announce a new component to its liquidity management system for dealers to distribute customised prices on over-the-counter instruments to clients.
Controversial swaps legislation survives as US Senate passes bill
WASHINGTON, DC - Foreign exchange swaps and forwards counterparties are being included in new rules blocking swaps dealers and major swap participants from federal government support.
Venezuela cracks down on 'parallel' currency market
Venezuelan government stops trading in foreign government bonds in bid to stifle unofficial currency markets; plans for central bank to provide central platform