Royal Bank of Scotland
Richards exits Credit Suisse in search of new opportunities
Richards spent four years at Credit Suisse, following a long stint at RBS, working with Mark Barnes
RBS hires FX options head for North America
David Katalan has made the switch back to the sell side with RBS in the US while the bank has seen two FX salespersons leave the firm in London
Credit Suisse a named defendant in FX antitrust law suit
Credit Suisse is one of 11 named defendants in a US class-action lawsuit that alleges a breach of antitrust laws, but says it hadn't been part of Weko's preliminary investigation and is astonished to be named as part of probe
RBS internalisation levels hit 90% in EUR/USD
The Royal Bank of Scotland has revealed details of the extent to which it internalises certain currency pairs, which it claims is a better deal for clients
RBS on top with spot-on EUR/USD view
A strong euro and sterling rally has helped Royal Bank of Scotland climb from 14th place to take top spot in the three-month currency forecast rankings
UniCredit's FX derivatives chief exits
Peter Jerrom has left UniCredit after five years and is understood to have been replaced internally by Nick Gentle
Nomura’s Neal to join Deutsche
Michelle Neal has left her senior role at Nomura to join Deutsche Bank as global head of listed derivatives in the markets clearing and Fic market structure business
RBS hires global FX options head from Santander
Simon Manwaring has joined Royal Bank of Scotland in London as global head of FX options, reporting to James Pearson
Former EBS Prime head Faulkner takes R5FX role
David Faulkner has joined R5FX as head of open market, following recent hire of Stuart Crooks, Ed Nelson and Anne Pounds
Nomura hires former RBS FX sales director
Jonathan Harding resurfaces at Nomura after leaving RBS alongside Graham Wintersgill in July
Esma repository approvals fire starting gun for EU trade reporting
Mandatory trade reporting for all asset classes will begin on February 12, but the FX industry is still grappling with the challenges of dual reporting
SEB hires spot trader in Asia
Commerzbank spot trader joins SEB in Singapore; other moves from RBS, BAML and Barclays
US pension fund sues seven dealers over FX benchmark rigging
Massachusetts-based pension fund Haverhill Retirement System is suing seven FX dealers for manipulation of the WM/Reuters benchmark rates
Economies of scale create two tiers in FXPB
The high cost of operating in prime brokerage is the biggest challenge for less-established players looking to gain market share
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
Banks eye new protocol to streamline platform connectivity
A working group backed by seven banks is looking to create an automated protocol to streamline the process by which clients connect to FX trading platforms
StanChart hires Wintersgill in FX sales
Graham Wintersgill and Mark Webster together again, this time at Standard Chartered
RBS reshuffles Emea FX sales management
Toby Cole and Robert Godber are promoted to head institutional FX sales in Emea, following recent departures
Goldman Sachs hires ex-Citi salesman
New hire in FX sales at Goldman Sachs; other moves at Barclays, RBS, UBS and Credit Suisse
Trade reporting is driving FX options out of the US, say dealers
FX options traders looking to avoid Dodd-Frank legislation have been deliberately changing their trading habits to avoid reporting regulation
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
Russia's ruble expected to become major currency by 2015
Market participants are bullish about the ability of the ruble to quickly penetrate the group of top global currencies, but settlement issues remain the biggest obstacle
FX platform pricing needs a rethink, say banks
Greater transparency on fees at some new trading platforms is a welcome development, with banks calling on incumbent platforms to rethink their fixed costs, as well as the discounts they offer to incentivise volume