Deutsche Bank
Deutsche Bank takes offshore renminbi electronic on Autobahn
Deutsche Bank claims to be the first major dealer to offer offshore renminbi on an electronic trading platform
Malfunctioning algos could cause another flash crash, academic warns
Robotic foreign exchange trading systems could malfunction and lead to a repeat of the May 6 flash crash in the US, according to David Cliff, professor of computer science at the University of Bristol.
Brooks departs Société Générale in New York
French bank loses its head of FX options trading in New York
Deutsche Bank promotes Rodgers to new FX role
Former head of FX derivatives takes on expanded role as spot and options businesses merge
Deutsche Bank’s Q4 results show strong performance in FX
Deutsche Bank published its fourth-quarter results on February 3, revealing its sales and trading net revenues, which include FX, had increased to €1.6 billion from €1.2 billion in the fourth quarter of 2009.
Changing role of the FX salesperson sparks debate at Afme conference
The sell-side foreign exchange salesperson has a changing role to play in the industry as a result of an increase in high-frequency trading and the advent of new regulations, according to panellists at the European Market Liquidity conference in London…
London retains premier spot in FX, according to global volume figures
London remained the biggest financial centre for foreign exchange in 2010 according to semi-annual volume figures published in the UK and US on January 31, despite speculation it might be overtaken as a result of the UK government’s clampdown on bonuses.
Trading Places, January 24, 2011
Read this week's Trading Places to catch up on people moves across the FX world.
Delelis finds a new home
Former head of spot and proprietary trading at Credit Suisse Alain Delelis has been hired by proprietary trading firm First New York Securities in New York (FX Week, March 22, 2010).
Trading Places, January 17, 2011
Read this week's Trading Places to catch up on people moves across the FX world.
Deutsche targets Russian corporates with Autobahn FX
Deutsche Bank will roll out its electronic trading platform Autobahn FX in Russia in 2011 as part of efforts to generate more flow from local corporates, according to a senior official at the bank in Moscow.
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.
Custodians challenge FX prime brokers in clearing landscape
Custodian banks will become the biggest threat to FX prime brokers if clearing is introduced to foreign exchange, according to Jason Vitale, global head of dbClear FX - FX prime brokerage and clearing at Deutsche Bank.
BarCap reports further decline in FICC
Barclays Capital fixed income, currency and commodities’ (FICC) revenues fell to £1.9 billion in the third quarter, despite an improved performance in FX over the period.
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.
Citi builds private banking with Schmeja
Former RBS and Deutsche chief joins US dealer in private banking push
Nomura promotes Steck; builds LatAm coverage
Nomura has made three key promotions across sales and trading, as it builds up its global strategy.
Deutsche first client on Traiana Harmony for ETD
Deutsche Bank is the first bank to go live with Traiana’s new Harmony network to manage exchange-traded derivatives (ETD), it announces today (November 1).
Deutsche takes the top spot for FX in Q3
ZURICH & FRANKFURT – Deutsche Bank has proved its FX credentials by being the only bank so far to report higher FX year-on-year revenues for the third quarter, despite lower volatility and tight spreads.
Trading Places, October 11, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
HSBC FXPB preps Asia push
HONG KONG - HSBC plans to extend FX prime services to the Asian markets as it looks to take advantage of rising demand for prime brokerage in the region.
Kemp named managing director at Afme FX division
The Association for Financial Markets in Europe (AFME) has named James Kemp as managing director of its recently formed global foreign exchange division.