News
Deutsche reorganisation sees commodities stripped from FX
LONDON – Deutsche Bank has restructured its forex capabilities, promoting global head of currencies and commodities Jim Turley to head the institutional client group.
FXdirekt expands eastern European footprint
Krefeld/Oberhausen – Online forex bank FXdirekt Bank is targeting its foreign exchange trading platform FEXtrader to Polish and Czech investors.
Merrill Lynch swoops on top Dresdner Kleinwort trio
LONDON – Merrill Lynch raided Dresdner Kleinwort last Thursday to take the bank’s most senior foreign exchange personnel.
Calypso upgrades technology
SINGAPORE – Calypso Technology has made several enhancements to its FX and FX derivatives software in response to client demand, officials told FX Week.
Calyon up almost 50% in Q2
PARIS – Revenues from the capital markets business of French bank Calyon rose almost 50% in the second quarter of 2006 versus the same period last year, according to the bank’s interim report.
Strategists in demand
GLOBAL – Forex strategists are en vogue this month, with a number of hires at major banks in the US and Europe.
FNX launches margin trading and client management solution
PHILADELPHIA – Trading technology vendor FNX has rolled out Cayman, a real-time FX and cross-asset solution designed for high-volume margin trading and client management.
Saxo Bank continues hiring spree
LONDON – Saxo Bank has made another series of hires as it continues to beef up its London operations.
Sammann resurfaces at CME
CHICAGO – Derek Sammann, former managing director and global head of FX options and structured products at Calyon, has resurfaced at the Chicago Mercantile Exchange (CME).
ABN Amro rebuilds Swedish desk in London
LONDON – ABN Amro has re-established its multi-product Swedish coverage desk in London, as it continues to hub sales and trading in the city.
Barclays Capital continues global build-up
NEW YORK – Barclays Capital (BarCap) has made two senior hires to its US operations, as it continues to expand its global FX franchise.
Reuters’ system failure disrupts FX trading
ASIA – Reuters suffered a temporary systems failure in its currency matching system Reuters Dealing 3000 Matching Host, causing disruption to trading in Asian hours last Friday. The outage acted as a firm reminder of the competitive landscape for…
Bear adds more in London
LONDON – Bear Stearns has made two new additions to its London forex desk, in what continues to be an aggressive year of hiring at the US investment bank.
FXall boosts global team
GLOBAL – Multibank platform FXall has made six new hires and two promotions on three continents in an aggressive push in sales and client services.
Reuters’ system failure disrupts FX trading
ASIA – Reuters suffered a temporary systems failure in its currency matching system Reuters Dealing 3000 Matching Host, causing disruption to trading in Asian hours last Friday. The outage acted as a firm reminder of the competitive landscape for…
Technical glitch mars CME RMB futures debut
CHICAGO & HONG KONG – A technical glitch caused disruption to the introduction of the Chicago Mercantile Exchange's (CME) Chinese renminbi (RMB) futures contracts last Monday.
More hires for Standard Chartered
LONDON – Standard Chartered has followed its recent senior management restructuring ( FX Week , August 21) with two new hires in sales and structuring in London this week.
Cantor Market Data signs distribution deal
LONDON – Forex market data provider Cantor Market Data (CMD), a subsidiary of Cantor Fitzgerald, has signed an agreement with Quick Global Information(QGI) to deliver Cantor Eye across the Quick ActiveManager Treasury Package platform.
Turnover continues at RBS in sales and structuring
LONDON & GREENWICH – Royal Bank of Scotland (RBS) has seen two changes in sales and structuring in London, with one hire and a departure.
Fimat enhances risk management
WHITE PLAINS, NY – Fimat Group, a division of French bank Société Générale, has enhanced its real-time currency risk management offering in conjunction with technology vendor TwoFour Systems.
Last chance to vote for Best Banks
The poll for this year's FX Week Best Banks Awards is set to close this Friday. The awards, which celebrate the top performers in the foreign exchange industry, are voted for by banks, corporates and investors.