News

Saxo launches Webtrader

COPENHAGEN - Saxo Bank plans to introduce version 2.0 of its web-based platform, Saxo WebTrader, at the end of the second quarter.

Musical chairs at Goldman Sachs

LONDON - Goldman Sachs is seeing a number of changes at its foreign exchange sales and trading team in London, sources tell FX Week .

RBS announces new GFI sales force

LONDON, SINGAPORE & GREENWICH, CONNECTICUT - The Royal Bank of Scotland has outlined its sales structure following the acquisition of ABN Amro at the end of last year.

Global remit for Deutsche pair

LONDON & NEW YORK - Deutsche Bank has promoted Ivor Dunbar and Richard Byrne to share the role of head of global capital markets in London and New York, respectively, filling the role left vacant by Thomas Gahan.

Deutsche Bank continues ETN issues

NEW YORK - Deutsche Bank has launched four commodity-linked exchange traded notes (ETNs), in response to growing demand from retail and institutional investors for exposure to the commodity markets.

Global managers negative on sterling

LONDON - Despite experiencing its largest devaluation in 16 years, sterling is still overvalued, according to respondents to a Merrill Lynch global fund manager survey.

CFTC fines firm $260,000 for lack of capital

WASHINGTON & VIRGINIA - The Commodity Futures Trading Commission (CFTC) has ordered a US retail foreign exchange trading company to pay $260,000 to settle charges relating to undercapitalisation.

BNP looks to the long term

LONDON & PARIS - BNP Paribas has restructured its Paris-based central bank and official institutions foreign exchange sales desk by bringing in a new co-head responsible for long-term interest rate product sales.

Banks vow to improve transparency

WASHINGTON, DC & FRANKFURT - The Institute of International Finance (IIF), a banking industry trade group, has promised to improve transparency over risk exposure and executive pay in the wake of the credit crisis.

SuperD offers exit pricing

LONDON - Market turmoil and increased regulation has prompted data and software vendor SuperDerivatives to add liquidation, or exit, pricing to its portfolio revaluation services.

Swiss retail FX rules spell consolidation

BERN - Recent amendments by the Swiss Federal Banking Commission (SFBC) to the banking ordinance concerning foreign exchange dealers could lead to consolidation of the retail FX market in the country.

BarCap aims to capture FX volatility

LONDON - Barclays Capital has launched three foreign exchange volatility indexes, the BetaVol, Smart BetaVol and AlphaVol. The indexes, which are designed to provide portfolio diversification and event hedge protection against sudden market downturns,…

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