Nomura
EM stress prompts investors to turn to options
As the crisis in Syria continues, the Turkish lira this week became the latest victim of the emerging market sell-off, leading to an increased interest in options
EM exodus continues ahead of imminent QE tapering
The Indian rupee and Indonesian rupiah have continued to fall this week as tapering of quantitative easing in the US looms in the coming months
Ian Axe steps down from top role at LCH.Clearnet
Chief executive to leave LCH after two years; other moves at JW Partners, Goldman Sachs and Nomura
Nomura expands with senior FX hires
Adam Redland has joined in FX sales in London, while Glenn Phillips joins in options trading in Singapore
Nomura loses e-FX sales head in New York
Ralitza Fortunova has left the Japanese bank after three-and-a-half years
Trading places, July 1, 2013
Exits in FX trading from Credit Suisse and Goldman Sachs
Nomura's European strategy head departs
Geoffrey Kendrick has left the Japanese bank after almost three years
Nomura hires senior FX trader in New York
James Lanzilotti has joined the Japanese bank from Credit Suisse
Trading places, June 3, 2013
New hires at Icap, Danske Bank, Nomura and HSBC
Hedge fund sales head to leave Commerz
Mark Cudmore will leave the German bank at the end of August, after two years in the role
China's red tape reduction could lead to wider CNY trade band
Chinese regulator Safe's efforts to simplify investment into the country seen as a further sign of renminbi liberalisation
Resilience in the euro fails to dent krona strength
A hands-off policy on the part of Sweden's central banks and good fundamentals mean the krona's ascendance will continue throughout 2013, say Swedish trading heads
Market complacency over Korean won ‘staggering’
Traders have been slow to react to heightened tensions between North and South Korea
Northern Europe FX sales head exits Nomura
Two departures from the FX sales team at Nomura in London
Haskins joins Nomura to head North American FX sales
Morgan Stanley's former head of emerging market and FX sales for the Americas moves to similar role at Nomura
BoJ's inflation target unattainable, says Nomura
Panellists at Bloomberg event yesterday debated whether the yen will continue to weaken as the Bank of Japan pursues an ambitious 2% inflation target
Natixis expands FX sales in London
Peter Larsson has joined the French bank in London, having left his former role at Nomura last year
Euro outlook 'unpredictable' after recent strength
Despite the resurgence of confidence in the euro since the turn of the year, participants appear to be following the caution expressed by Mario Draghi yesterday over whether the trend is sustainable
Japan institutional investors start unwinding dollar/yen hedge after steep yen drop
While foreign hedge funds have been driving down the value of the yen, now Japan insurers may strengthen the trend
Increased risk appetite causes spike in relative value FX trades
Investors are turning to relative value trades to provide low-premium, guaranteed downside and good leverage to the upside, traders say
TraFXpure adds Nomura and BTMU ahead of launch
Tradition's new platform now has 11 founder members and has been renamed ParFX as it moves towards 'imminent' launch
Banks invest in future of Traiana with 12% stake
Seven banks have bought a collective 12% stake in Traiana - which has been valued at $300 million - earning them a valuable seat on the company's new board of directors
Mexican peso poised to dominate EM currency trading
Asian investors have been diversifying into EM currencies for some time, with the Mexican peso performing particularly well, but despite the potential for enhanced yield, emerging markets are not devoid of risk, banks warn
Review of 2012: July - September
FX Week looks back on the biggest stories of 2012, continuing with the third quarter. To read the original stories, click on the links in black