Citi
Trading places, October 1, 2012
New hires at Barclays and Citi, while Gain Capital loses its CIO and Knight Capital reorganises its management team
FXSpotStream adds Morgan Stanley as liquidity provider
The US bank becomes the seventh liquidity provider on FXSpotStream, which is now live and trading after it was first announced in May
Credit to remain a dominant theme in FX, says Traiana’s Coyne
Closer scrutiny of credit relationships has become a major trend in the FX market, leading to initiatives such as the Kill Switch, which has already been used to shut off the activity of a prime broker’s client, reveals Traiana chief executive Andrew…
CME’s new swap future uses Goldman Sachs patent
Licensing agreement could be worth up to 20% of revenues from patented contract, and is seen as an attempt by Goldman Sachs to hedge its bets as new rules threaten OTC market profits
Barclays FX salesperson quits for JP Morgan
A second member of Barclays' northern Europe and Switzerland FX sales team has left the bank to join JP Morgan
The platforms of 2012: TraFXpure
When it launches next year, TraFXpure hopes to become a primary trading platform in the FX market, alongside EBS and Thomson Reuters. While that’s a tall order in today’s environment, Tradition’s Daniel Marcus, Campbell Adams and Roger Rutherford believe…
Who picks up the tab for regulation costs?
Many buy-side firms expect their banks to absorb the costs associated with clearing and reporting of non-deliverable forwards and eventually forex options. But banks have other ideas, with some already quantifying fairly substantial hikes in…
Trading places, September 10, 2012
New hires at Commerzbank, Citi and FX Solutions
RBS head of FX strategy departs
Robert Sinche, global head of FX strategy at RBS in Stamford, has left the bank this week
Credit Suisse hires options trading head for Asia
Former Citi trader has relocated to Singapore to join the Swiss bank
Trading places, August 20, 2012
New appointments at CIBC and Citi, while SunGard's Cristóbal Conde takes on a new role at a start-up technology provider
Trading places, August 13, 2012
Departures at Citi, Deutsche Bank, Nomura and RBS, while Barclays appoints Sir David Walker as its next chairman
Spotlight on: Nick Beecroft, Saxo Bank
Saxo’s newly appointed UK chairman and FX industry veteran Nick Beecroft talks to Robert Mackenzie Smith about his priorities in seeking to grow the Danish bank’s presence in the UK, as well as the challenges facing the FX market
FXSpotStream gathers pace with start of production trading
Start-up FX price-aggregation service is gaining increasing traction with clients, say liquidity providers
Morgan Stanley poaches trading head from Citi
Citi's co-head of FX auto trading has left the bank to join Morgan Stanley
Insight appoints FX strategy veteran as head of currency
Paul Lambert, head of currency at UBS Global Asset Management, will join Insight Investment in September
Trading places, July 30, 2012
New appointments at Rule Financial, Deutsche Bank and Bats Chi-X Europe while BAML loses a strategist and Citi loses an options trader
Saxo appoints Nick Beecroft to chair London board
Saxo Capital Markets UK has appointed market veteran Nick Beecroft as chairman in London to replace Albert Maasland, who quit in May to join Knight Capital
E-FX Awards: Graduation of the class of 2000
Citi, JP Morgan, Saxo Bank, MarkitServ and Icap's Gil Mandelzis are among the winners of the 2012 e-FX awards, which recognise excellence and innovation in FX technology
Citi wins double whammy for algos and Velocity platform
A combined effort to enhance Citi's standing in e-FX lands the bank awards for best algo trading technology and most innovative bank e-trading platform
Trading places, July 16, 2012
New appointments at Deutsche Bank, Barclays and FxPro
Standards multiply as FX TCA takes hold
Increased choice in FX transaction cost analysis (TCA) is giving asset owners more tools to measure the performance of liquidity providers, custodians and trading algos. However, with more opportunities for real-time data capture driving a diversity of…
Trading places, July 9, 2012
John Moorhouse joins Traiana after leaving FXall, while Citi adds Paula Fry to its e-FX sales team
Currency manager platforms expand coverage of CTAs
Multi-manager platforms are expanding coverage of commodity trading advisers (CTAs), as clients look to gain exposure to this rapidly growing segment, say platform officials.