Commerzbank
Has last look had its day in FX?
Last look remains a divisive issue in the foreign exchange market, but some platform providers believe it has had its day and is no longer necessary for banks
Aussie dollar remains strong after RBA rate cut
The Australian dollar rallied after the RBA rate cut on Tuesday and strategists expect interest rates to remain at 3% for the next six months, supporting further strength
Saxo Bank appoints new head of FX
The Danish bank has promoted internally to fill the role of global head of foreign exchange, following the departure of Ted Voorhees
Trading places, December 3, 2012
Commerzbank loses an options trader while StanChart hires in Asia and SEC's Schapiro announces she will step down next month
Buy side weighs risk mitigation against clearing costs
Buy-side firms look certain to bear some of the costs that result from mandatory central clearing, with some suggesting they might look to clear non-mandated products, were it not for the prohibitive costs
Wanted: the FX sales team of the future
Regulation is changing the job description of the FX salesperson, to the extent that the right candidate now needs a broader set of expertise than in the past
Banks welcome Ice Link’s selection of Traiana to expand into FX
Traiana's network of banks, clearing houses and buy-side firms in the FX market will enable Ice Link to quickly expand from CDS middleware into forex
360T hires Asia sales head from Commerz
Commerzbank's head of e-FX sales for Asia joined 360T in Singapore earlier this month
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
Banks weigh up CCPs as clearing deadline looms
The choice of clearing house in the FX market is currently between three firms, two of which are owned by exchanges. While some suggest exchange-owned clearers might be at a disadvantage, market participants suggest the choice ultimately comes down to…
Trading places, September 10, 2012
New hires at Commerzbank, Citi and FX Solutions
Trading places, August 13, 2012
Departures at Citi, Deutsche Bank, Nomura and RBS, while Barclays appoints Sir David Walker as its next chairman
FXSpotStream gathers pace with start of production trading
Start-up FX price-aggregation service is gaining increasing traction with clients, say liquidity providers
Carry makes a muted comeback as investors hunt for yield
The carry trade showed some signs of resurgence during the second quarter but currency managers remain lukewarm about the strategy in an uncertain economic environment
Best liquidity management system: smartTrade Technologies
SmartTrade Technologies wins the e-FX award for best liquidity management system, having gained increasing traction in the FX market with a number of large clients
Trading places, June 18, 2011
New appointments at Otkritie and Commerzbank, while SurfacExchange strategy head departs
FXSpotStream will cut costs and inefficiencies, say banks
The liquidity providers behind FXSpotStream believe the new platform adds genuine value to the FX spot market by directly tackling the challenges that exist on traditional spot platforms
FXSpotStream’s no-fee business model raises eyebrows
The new multibank aggregation service supported by six top-tier banks will not charge brokerage fees either to banks or clients – a model that has led to questions over longevity
Westpac continues FX hiring spree
Blake Jensen, formerly of RBS, has joined Westpac in institutional sales as the latest in a number of key hires across sales and trading globally
Commerzbank hires quant to head new FX solutions team
Jessica James joins Commerzbank from Citi, reporting to Nick Crawford and Gerald Dannhaeuser
Commerz promotes Hamberger to head e-Fic sales
Stefan Hamberger is based in London and reports to Rainer Ernst
Commerzbank revamps e-commerce platform to include FX structuring
The German bank will migrate existing clients this month from Click&Trade FX onto its rebranded Commander platform
Commerzbank taps smartTrade for liquidity management
The new technology creates a single liquidity pool at Commerzbank, with internal matching engines, external routing and execution, as well as clearing, settlement and pricing functionality
Hildebrand scandal leaves Swissie expectations broadly unchanged
Swiss National Bank expected to hold EUR/CHF floor following governor's resignation, but an increase from 1.20 might now be delayed