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Trayport launches Global View 8
Prosecutor calls for Trichet conviction
PARIS -- Jean-Pierre Bernard, the French state prosecutor in the trial of Bank of France governor Jean-Claude Trichet, said last week that Trichet should be convicted.
Rabobank invests in Italy’s e-Mid
MILAN -- Dutch bank Rabobank has become the 43rd shareholder in Italy’s e-Mid, which provides electronic markets for treasury products, the firm said last week.
Zero-coupon woes for DZ
FRANKFURT -- DZ Bank, the largest central co-operative bank in Germany, has announced e140 million losses from its zero-coupon interest rate swaps positions due to a mis-keying error.
Analysts mull Iraq FX fallout
LONDON -- With geopolitical tensions continuing to dominate FX markets, analysts are now looking beyond any potential conflict at the possible fallout and its impact on currencies.
Toronto Dominion drives into funds and emerging currencies
TORONTO -- Toronto Dominion Securities is breaking into new markets in institutional FX sales and emerging LatAm and European currencies, a senior official told FX Week .
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Deutsche Bank Brazil appoints head of global markets
Currency managers up in December
STAMFORD, CT -- The majority of currency managers on the Parker Global Strategies’ FX index saw positive returns in December, according to data from the firm released last week.
Heavyweights tackle rising un-named counterparty risk
NEW YORK -- Top FX banks are joining forces with central banks and industry groups to eliminate un-named counterparty risk.
BoA HK focuses on debt capital raising
HONG KONG -- Bank of America has hired Abidin Siregar in a newly created role as head of global markets, Hong Kong. He will cover sales, trading and research, and build the bank’s debt capital raising business across the region.
Attain uses COESfx to enter FX arena
NEW YORK -- US equities day-trading firm Attain Services has started trading forex, using a new online FX electronic communications network (ECN).
SuperDerivatives adds benchmarking tool
LONDON -- UK forex options pricing vendor SuperDerivatives last week announced the launch of a new buy-side interface for its benchmark FX options model. The firm hopes the move will encourage more buy-side users to price and use options to hedge their…
New Fimat platform targets exchange clients
PARIS -- Fimat Group, the brokerage arm of French investment bank SG, will launch an online FX dealing platform this week in a bid to snare clients from major futures exchanges.
Barclays merges FX/FI prime brokerage
LONDON -- Barclays Capital will complete the merger of its FX and fixed-income prime brokerage businesses by the end of March, a senior official told FX Week .
JP Morgan signs 20th CLS client
NEW YORK -- JP Morgan Treasury Services announced last week that it has signed up the 20th client for its Continuous-Linked Settlement (CLS) service. Madrid-based Banco Popular Español now joins Israel’s Bank Leumi and Danish bank Sydbank as clients of…
Mystery vendor asks $29,000 for FX Connect domain name
LONDON -- The internet domain name FXconnect.com was briefly up for sale last week -- but confusion reigns over who may have bought it.
Market stumped on BoJ plans to replace governor
TOKYO -- Masaru Hayami, governor of the Bank of Japan (BoJ), completes his four-year tenure at the start of April, but candidates to replace him in one of the most prestigious jobs in central banking are few.
Venezuela eyes fixed rate for the bolivar
CARACAS -- Venezuelan foreign exchange markets were closed last week, but a plan has been hatched to stabilise the bolivar.
Bank Julius Baer reshuffles for cross-product FX drive
ZURICH -- Bank Julius Baer reorganised its trading and sales businesses in January to foster greater cross product co-operation, Mark Linnan, global head of trading at the bank in Zurich, told FX Week .
Amex Bank’s FX revenues rising
BOSTON -- American Express Bank last week announced an uptick in its FX revenues for 2002. Amex reported foreign exchange income and other, undefined, trading revenues for full-year 2002 of $170 million, up 18% from $144 million in 2001.
Shift in risk sentiment shores up Australian options market
SYDNEY -- A change in risk sentiment, coupled with major underlying spot moves in local currencies, is bringing extra FX options business to Australia, according to local dealers.
Egypt floats pound
CAIRO -- The Egyptian pound remained stable last week at 5.41 per dollar after it was freely floated for the first time last Wednesday (January 29).
TD Securities sets up London options desk
LONDON -- Toronto Dominion Securities has bucked a trend among Canadian banks by setting up a European options trading desk in London. The bank completed a restructure of its FX options business to focus on European clients from the City, said Cliff…
Tech briefs
New FXall interface