JP Morgan
Edgington quits Morgan Stanley
US bank loses its head of European IRCC sales, but hires senior marketers to its FX prime-brokerage business
Panellists divided over whether TCA cuts off execution venues
Buy-side traders are divided over whether the use of transaction cost analysis (TCA) tools materially influences their choice of execution venue, according to panellists at the FIX Protocol Trading Conference in London on March 1.
In Brief, March 7, 2011
Read this week's In Brief to stock up on the latest technology news around the FX world.
Algo trading could benefit from Sef rules, say participants
Algorithmic trading has gained traction in the FX markets in recent years and some providers say their platforms might comply with the criteria for swap execution facilities in the US. Could they face a growth opportunity when the regulations come into…
RBS hires O’Brien from BAML
New FX sales director will expand platform to real-money clients
FX options clearing will be challenging, Afme panellists warn
Conference speakers discuss the investment needed to meet requirements for central clearing of FX options.
Fourth-quarter results a mixed bag for US banks
US dealers reported widely differing results for the fourth quarter of 2010 as competition returned to the market.
ANZ gets Moore from Barclays Capital
ANZ has hired Paul Moore, a former Barclays Capital emerging markets trading head, alongside other FX appointments Christophe Massa and Thomas Mummert, according to market sources.
Post-restructuring movement at BarCap
Barclays Capital continues to reorganise its foreign exchange business with a promotion, while news of more departures from the business emerge.
Citi takes hit in rates and currencies
Citi and JP Morgan began the US quarterly results round, reporting a year-on-year drop in fourth-quarter fixed-income business revenues, with Citi citing falls in rates and currencies revenues.
Trading Places, January 17, 2011
Read this week's Trading Places to catch up on people moves across the FX world.
New year, new faces at RBS and UniCredit
Royal Bank of Scotland has hired Eric Robin to head FX bank and institutional sales for Europe, focusing on European asset managers and banks.
BNP Paribas continues sales build
BNP Paribas is continuing to build up its sales coverage with two hires in London, the bank confirmed.
South Korean regulators caution Barclays and JP Morgan on currency derivatives sales
South Korean financial regulator has issued an institutional warning to Barclays and a caution to an individual at JP Morgan for breaking local banking rules by selling inappropriate currency derivatives that are used in exporter hedging programmes
StanChart boosts financial institutions coverage
Standard Chartered has made a key hire from JP Morgan in Asia as it looks to boost its financial institutions sales coverage in South and Southeast Asia.
TD makes play for commodities market
TD Securities is targeting demand for precious metals trading with the launch of a new global precious metals (GPM) sales and trading business today (December 6).
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.
BAML hires new Russia FICC sales head
Bank of America Merrill Lynch (BAML) has lured a former Goldman Sachs managing director to strengthen its fixed-income, currencies and commodities (FICC) team in London.
JP Morgan offers streaming spot DXY
JP Morgan is pushing out streaming tradable spot prices for the US dollar index (DXY) over its electronic trading platform MorganDirect, with liquidity across a full forward curve and the ability to roll positions automatically.
Citi builds private banking with Schmeja
Former RBS and Deutsche chief joins US dealer in private banking push
Insurers, not banks, driving liquidity trade
Insurance sector's hunger for high yields, rather than banks' thirst for short-term funding, driving liquidity trade
smartTrade launches LiquidityConnect for FX
Liquidity management software vendor smartTrade Technologies has launched LiquidityConnect for FX, it announced on November 2.