HSBC
BBVA hires Horowitz from Marex Spectron
Sam Horowitz will split his time between trading emerging markets FX and developing BBVA's e-FX offering
Offshore RMB market booming in London, report finds
A study by the City of London Corporation reveals the City's efforts to become a global hub for renminbi business are paying off, with daily spot value reaching $4.8 billion last year
SG CIB expands in FX sales
Darren Charnock and David Brickell join Société Générale Corporate and Investment Banking in senior FX sales roles
FX Week Europe: 'Patchy' liquidity in FX a concern for the future
Concentration in the number of liquidity providers and the reliability of HFT market-making raises concerns for senior industry officials
HSBC loses FX derivatives chief Craignou
Vincent Craignou, global head of FX and metals derivatives, has left the bank after more than 10 years
HSBC retains EM and Asia-Pacific awards
HSBC wins best bank for emerging Asian and Emea currencies, as well as best bank for FX in Asia-Pacific
Corporates and investors need confidence to tap offshore RMB, say banks
As the internationalisation of renminbi continues to gain traction, buy-side engagement in the currency varies significantly across geographies and sectors
ECB speculation provides welcome diversion for investors
Currency investors are growing weary of QE tapering speculation and taking more of an interest in events in Europe, prompting big moves in the euro
Traders welcome latest UK-China deal on RMB
The extension of the RQFII scheme to UK investors will further grow London's position as an international hub for offshore renminbi business, say traders
FX indexes head exits HSBC
Tamas Korchmaros leaves the industry after 13 years in FX
Confusion reigns at dawn of Sef era, say participants
There is still uncertainty over the exact scope of no-action relief issued by the CFTC, and traders warn the same challenges will remain when the relief expires on October 30
HSBC loses in FX sales
David Brickell departs HSBC, while Oanda appoints a new CTO and FX vendor Advanced Markets builds in institutional FX
Dovish FOMC risks losing market trust
Federal Reserve's communication over tapering adds to market's growing mistrust of central bank information
FX options head exits Santander
Simon Manwaring has left Santander after a two-year stint and is expected to join a rival bank in a similar role
Inconsistency on FX among Asia CCPs worries banks
Indian authorities appear likely to mandate clearing of FX forwards while China is looking at clearing spot, leading to concerns over the potential for cross-border inconsistency on FX clearing
Rupee sell-off continues, despite repeated RBI efforts
Efforts by the Reserve Bank of India to stabilise the currency's depreciation have failed, as the rupee falls to a record low
FX platforms encouraged to consider liquidity enhancing pricing models
A proposal made to the FX Joint Standing Committee in July 2012 for a per-order fee that is rebated in proportion to actual executed volume has garnered support among market participants
Goldman Sachs hires in FX sales and trading
New hires at Goldman Sachs and Commerzbank while HSBC's prime-brokerage head relocates to Asia
Weaker franc leads to speculation over future of SNB floor
Volatility has picked up in EUR/CHF this year, but traders believe the franc needs to weaken a lot more before the Swiss National Bank would consider easing its policy
Corporates remain lukewarm on offshore RMB, despite reported growth
Data released from Swift this week suggests international trade settlement in RMB continues to grow, but corporates aren't so sure
Best trading technology vendor: Barracuda FX
Niche vendor Barracuda FX wins trading technology vendor of the year, having cornered the market for FX-focused order management technology
BAML hires transactional FX head
Mike Robertson joins Bank of America Merrill Lynch from HSBC, reporting to Chris Bae, Tom Gillie and Jim Coulton
Markets braced for dollar to rally post-FOMC
As Fed chairman Ben Bernanke is expected to confirm plans for tapering of bond purchases, FX traders say the dollar will rally in response
JB Drax hires ex-HSBC Sijbrandij
Former co-head of FX and commodities institutional sales joined London-based broker earlier this month