Foreign Exchange Prime Brokerage
Banks rethink clearing structures under CFTC pressure
CFTC rules on conflicts of interest mandate clearer separation between OTC clearing and execution, prompting some banks to restructure their operations
Icap's EBS prime-brokerage head departs
David Faulkner, a nine-year veteran of Icap's EBS, has left the interdealer broker
ABN Amro hires Duff to build FX clearing business
Dutch bank hires industry veteran to launch clearing business in North America
Credit Suisse FXPB sales director departs
Martin Bradford has left Credit Suisse, months after the exit of the bank's global head of FXPB
Mifid amendments threaten HFT platform access
A set of parliamentary amendments to the Mifid review threaten to ban ‘sponsored access’ – a popular route for high-frequency traders to access platforms without going through a prime broker
Best FX prime broker: JP Morgan
JP Morgan wins FX Week’s first e-FX award for best foreign exchange prime broker, having set an emphasis on prudent risk management – both in its approach to high-frequency trading and to over-the-counter clearing
Deutsche hires Paul Houston in FXPB
Paul Houston, formerly global head of FX prime brokerage at Credit Suisse, is to join Deutsche Bank as European head of FXPB
Spotlight on: Raymond Kamrath, Faros Trading
Faros Trading has made a number of senior appointments to its sales team in recent months as it eyes global expansion from its headquarters in Stamford, Connecticut. Chief executive Raymond Kamrath talks to Chiara Albanese about the growth of the firm…
Credit Suisse loses head of FXPB
Paul Houston, Credit Suisse's London-based global head of FX prime brokerage, has left the bank
Peter Klein joins BAML to head FXPB
Klein replaces Tony Dalton, former global head of FX prime brokerage, who will take on a senior FXPB sales role
BAML expands FXPB presence in London
Janet Thomas has joined Bank of America Merrill Lynch in FX prime brokerage in London
Spotlight on: Tony Dalton, Bank of America Merrill Lynch
Bank of America Merrill Lynch’s global head of foreign exchange prime brokerage talks to Joel Clark about the growth of the bank’s FXPB offering since the 2009 merger and the challenges of preparing for clearing of FX options and non-deliverable forwards
FX Week USA: Niche services rather than volume set to dominate FX
Conference speakers discuss the changing nature of the foreign exchange market, and agree successful providers in future are likely to be those that can offer a range of niche services rather than those with the highest volumes
FX Invest: Newedge hires in prime brokerage
Four join multi-asset brokerage to build prime-brokerage offering
FX Invest: Implications for collateralisation under new CCP model
Saima Farooqi looks at the wave of upcoming regulations relating to central counterparty clearing, and what it means for collateral management
BAML to become clearing broker on FXall Order Book
Partnership answers client demand for direct access to Order Book ECN
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
Deutsche merges OTC and listed derivatives clearing
Markets Clearing will combine the bank's existing clearing capabilities across FX, rates, credit, commodities and equities
Gain Capital targets mid-tier investors with prime-brokerage offering
Online FX broker steps into prime brokerage with GTX Direct platform
Spotlight on: Felix Adam, ACT Currency Partner
The founder and chief executive of Zurich-based currency hedge fund ACT Currency Partner talks to Joel Clark about the history of the fund and the changes he has witnessed in the FX market over the past 30 years
FX options clearing will be challenging, Afme panellists warn
Conference speakers discuss the investment needed to meet requirements for central clearing of FX options.
Trading Places, January 24, 2011
Read this week's Trading Places to catch up on people moves across the FX world.