Citi
Corporates cover their backs with longer-dated options
Corporate hedgers buy longer-dated options amid increased volatility in foreign exchange markets, say market participants
Trading Places, August 22, 2011
Nomura loses its head of FX options, while Goldman Sachs hires a salesman from JP Morgan
Banks departs BNP Paribas
BNPP's global head of FX and local market sales left the bank last week and is expected to leave the industry altogether after 24 years
Best liquidity distribution system: Saxo Bank
Saxo wins liquidity distribution award after adopting a prudent approach to sourcing the best liquidity for its white-label offering
Trading Places, August 1, 2011
CLS appoints CTO, SG CIB loses its head of institutional FX sales
Best liquidity management system: TraderTools
TraderTools wins liquidity management award for its exclusive focus on FX and strong growth over the past year, including the launch of LightFX in partnership with Citi in April
Best retail platform: Citi
Citi wins top spot in retail category, in recognition of the success and growth of CitiFX Pro since its launch in 2008
Best vendor for post-trade services: Traiana
Traiana wins the vendor category for post-trade services in recognition of the multiple initiatives it has launched to tackle the challenges experienced in the FX market
Société Générale to provide options liquidity to FX Bridge
French bank is integrating systems with US-based vendor’s ProTrader Plus platform
Gammage leaves Citi amid slew of FX layoffs
Global head of G-10 e-commerce sales has been made redundant, 18 months after joining, along with around 20 others in FX globally
Brian Schlosser to join BAML from Citi
Options trader will report to Rob Ettinger, who joined from JP Morgan in March
All in accord on high-frequency risks
In late June four prime brokers and six ECNs allied together in a major new initiative to better monitor and manage the risks posed by high-frequency trading in the FX market. What motivated the collaborative effort? Farah Khalique reports
Brides joins Citi from Goldman Sachs
FX spot trader will report to Rohan Ramchandani
BNP Paribas confirms research appointments
Saywell and Attrill will head FX strategy in Europe and North America respectively, following departures earlier in the year
FX Invest: EIB signs Citi for collateral management
Citi gains key client for third-party collateral management service
FX Invest: Rise of the super-Sefs
The Dodd-Frank Act created a multitude of would-be swap execution facilities (Sefs) – trading platforms that will aggregate dealer liquidity. Now, dealers want to hoover up the Sefs by building their own aggregation services, but it’s a strategy that…
Spotlight on: Lars Seier Christensen, Saxo Bank
Saxo’s co-founder and chief executive talks to Joel Clark about the Danish bank’s growth over the past 19 years, the challenges of retail foreign exchange and the importance of strong technology
Hiring frenzy
After a typically busy hiring season during the first half of the year, Chiara Albanese takes stock of some of the biggest appointments and talks to headhunters about the trends driving FX recruitment in 2011
Nigel Khakoo to leave Citi
US bank's global head of G-10 options trading has been made redundant
Banks and ECNs join forces to prevent FX flash crash
Citi, JP Morgan and Morgan Stanley join Deutsche Bank on Traiana's enhanced CreditLink service
Westpac recruits Townsend and Cameron in FX forwards
Townsend joins from Commerzbank and Cameron from Barclays Capital
European corporates wary of RMB settlement
UK government pushing for London to become a centre of offshore renminbi trading, say conference speakers
E-platforms must expand product range or lose out, say banks
Webinar participants from banks and technology vendors discuss the implications of regulation for single-dealer electronic platforms