News

Lehman Brothers in Asia-Pacific rollout

SINGAPORE – Lehman Brothers is expanding its coverage of the Asian market with the planned extension of FX into Singapore, Richard Gladwin, global head of FX at the bank told FX Week.

List of e-FX Awards finalists drawn up

The shortlist for the FX Week e-FX Awards has been decided. This year we received an unprecedented number of submissions, each of a high degree of quality, demonstrating the increasingly competitive landscape for e-FX.

F&C gathers assets for FX volatility hedge fund

LONDON – F&C Alternative Investments has begun raising funds for its F&C Garnet Fund, a hedge fund targeting absolute returns by investing and trading in FX volatility and forward rate bias (FRB). The move indicates the growing prominence of volatility…

Senior management shifts for ANZ FX sales

LONDON – ANZ has promoted David Wilkinson to a newly created role of head of currency and currency option trading for Europe and America. Wilkinson will be responsible for overseeing FX and FX options trading at the bank and will relocate from

RBNZ uses Reuters to intervene in spot market

AUCKLAND – The Reserve Bank of New Zealand (RBNZ) used Reuters’ spot matching system on June 11 to intervene in the spot Kiwi market for the first time, market sources say. The RBNZ intervened in the FX market to sell New Zealand dollars on June 11. This…

FIXI expands with RCG FX

LONDON – Broker FIXI has acquired the London-based foreign exchange business of Chicago-based broker Rosenthal Collins Group (RCG).

JP Morgan's reshuffle of management continues

Chris Willcox and Matt Zames have been named co-heads of global rates and currency trading at JP Morgan, excluding Asia, including Japan. The pair will also co-manage JP Morgan’s North American corporate marketing, commercial bank marketing and global e…

BIS report notes low volatility

LONDON – FX markets were characterised by high levels of turnover and historically low volatility in 2006, according to the Bank for International Settlements' (BIS) 77th annual report, released today (June 25).

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