JP Morgan
Trading places, April 23, 2012
FX sales and trading departures from Morgan Stanley, JP Morgan Credit Suisse and Standard Chartered
Credit where it's due
The launch of NDF clearing by LCH.Clearnet marks a major development for the FX market that will ultimately change the shape of the post-trade landscape
A spot of bother
Traders exploiting the spread between CNH deliverable forwards and CNY NDFs got a nasty surprise in September last year, when the basis trade blew up amid a reversal of the spread. Georgina Lee looks at what investors can learn from this turn of events
Trading places, April 9, 2012
Departures from JP Morgan and Morgan Stanley, while Deutsche Bank appoints a salesman from Credit Suisse
JPM's Foster joins Nomura to head G-10 spot
Antony Foster joins the Japanese bank from JP Morgan
LCH’s ForexClear gets off to a solid start in NDFs
The launch of clearing of non-deliverable forwards on LCH.Clearnet's new ForexClear platform went smoothly last week, according to participants
CCPs need to provide margin efficiency, says industry panel
Central clearing will place a huge burden on end-users, forcing CCPs to consider how best to create operational and margin efficiencies
Trading places, March 12, 2012
New appointments at Société Générale and CIBC, as JP Morgan's prop trading head departs
Goldman Sachs loses three in FX sales
Artur Kuzma, Jonny Edelman and Jo Li have left Goldman Sachs
Banks welcome Tradition-Icap’s volatility fix
The daily fix could pave the way to the creation of new volatility-based derivatives, say participants
Spotlight on: Nigel Khakoo, Nomura
Nomura's newly appointed global head of FX options talks to Miriam Siers about why he chose to join the Japanese bank after a career at JP Morgan, Merrill Lynch and Citi, and how he is navigating the challenges facing the options market as a result of…
Bonus season sees mixed results for US bankers
Recruiters covering the foreign exchange market report better-than-expected bonus packages at Citi and JP Morgan
Trading Places, February 6, 2012
New appointments at Louis Capital Markets and Adrian Lee & Partners, and promotions at JP Morgan and Rosbank
Ben Homsy departs JP Morgan
Head of European hedge fund sales is relocating from London to Canada for personal reasons
Morgan Stanley cuts hit FX sales and trading
Job cuts at the US bank claim four salespeople and two traders in New York and London
BMO hires Richard Brook in spot trading
Ex-JP Morgan trader will start at Bank of Montreal in January
Babich departs HSBC as cuts hit FX
Dean Heiden, Chris Bolton, Ted Mermel and Lily Han have also left FX sales roles in London and New York as part of HSBC cuts
Eurozone deal brings relief in FX spot and options
Risk sentiment appeared to make a comeback in FX markets yesterday as options volatility fell from record highs and the euro rallied in response to the deal announced after the Euro Summit in Brussels
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
Central banks take aim at dollar-funding shortage
Co-ordinated action from five central banks eases the pressure on dollar funding for European banks, but EUR/USD cross-currency basis swap market remains under stress
Trading Places, September 19, 2011
New appointments at smartTrade, DealHub, CLS, Marex and JP Morgan
Options traders sense SNB running out of steam
Options traders are betting on further appreciation of the Swiss franc, following comments from the Swiss economy minister that Switzerland will have to put up with a strong currency
Options traders braced for further SNB intervention
Demand has switched from downside EUR/CHF options to upside options in anticipation of further Swiss franc weakening measures from SNB, say senior options traders