Citi
Post-restructuring movement at BarCap
Barclays Capital continues to reorganise its foreign exchange business with a promotion, while news of more departures from the business emerge.
Citi takes hit in rates and currencies
Citi and JP Morgan began the US quarterly results round, reporting a year-on-year drop in fourth-quarter fixed-income business revenues, with Citi citing falls in rates and currencies revenues.
Saxo hires Citi vet
Saxo Bank has hired Citi’s former global head of client management as it expands its front-office business in London.
CLS volumes and values up year on year in 2010
Average daily volumes settled over CLS in 2010 were up 33% on 2009, with 792,900 instructions settled. Average daily values were also up, by 22%, with $4.1 trillion settled.
Icap to launch decimalised pricing on majors in February
Interdealer broker Icap will launch decimalised pricing on major currency pairs on EBS Spot on February 14, the broker told FX Week.
Citi FX survey: Crisis prompts companies to alter counterparties, risk management approach
A Citigroup foreign exchange survey revealed that, as a result of the financial crisis, many companies have adjusted their mix of counterparties, increased their use of options relative to forwards and changed their approach to credit risk management.
Citi taps Treadwell to lead derivatives clearing in Asia
Citi prime finance Asia-Pacific is building up a derivatives clearing team in response to moves by regulators to improve supervision of over-the-counter clearing services
Santander live as settlement member
Banco Santander went live as a settlement member of CLS Bank on November 15, bringing the total number of banking and financial institutions comprising CLS's members up to 61.
FXall releases Trading version 4.0
FXall is today (December 13) announcing the release of FXall Trading 4.0, which aims to bring together key benefits for all client segments including active traders, asset managers, banks and corporate treasurers.
Global FX Division establishes FXPB
The Global FX Division (GFXD) of AFME/SIFMA/ASIFMA announced the formation of a working group to focus specifically on the challenges and issues surrounding global FX prime brokerage (FXPB) and to implement over-the-counter FX clearing for clients.
BAML promotes Rolfe as London FX sales chief
Matthew Rolfe has been promoted to head of FX sales to UK corporates at Bank of America Merrill Lynch (BAML), following the resignation of Paul Hart earlier this month.
UBS regains top spot for CLS
UBS swings back into the lead as the top provider of CLS third-party services, as demand for access to the industry utility continues to rise.
Regulation: The great unknown
The biggest risk going into the New Year is the impact of regulations on the forex industry.
In Brief, November 15, 2010
Read this week's In Brief to stock up on the latest technology news around the FX world.
Deutsche retains lead but BarCap surges up
Deutsche Bank maintains its lead in this year’s FX Week Best Bank awards, as Barclays Capital surges into second spot, relegating Citi into third in this year’s industry survey.
Integral strengthens sales team new MD
NEW YORK - Bruce Wolf has joined technology vendor Integral as managing director of FX sales in the US.
Clearing saga threatens structured products
Citi has usurped Barclays Capital as best bank for structured products, a category that could be in the spotlight as regulations are clarified.
Citi indexes offer low-cost forex exposure
Citi has launched the CitiFX Beta Indexes series, aimed at providing investors with an inexpensive, flexible means of accessing foreign exchange as an asset class.
Citi builds private banking with Schmeja
Former RBS and Deutsche chief joins US dealer in private banking push
Citi appoints bank sales chief
Citi has restructured its FX sales desk with the promotion of Bapi Maitra to global head of bank sales in New York.