Foreign exchange
Clearing saga threatens structured products
Citi has usurped Barclays Capital as best bank for structured products, a category that could be in the spotlight as regulations are clarified.
HSBC ahead of the game with EM-to-EM focus
HSBC has maintained its lead in emerging market (EM) currencies by adapting its business to focus on the rise in trade between emerging market economies. But the trend sees EM-focused Standard Chartered hot on its heels.
SEB climbs to top in Scandinavian currencies
SEB has taken the title of best Scandinavian currency dealer, leaping from fourth place last year to beat 2009 winner Deutsche Bank.
HSBC wins best bank in Asia-Pacific with strong liquidity
HSBC is the best bank for FX in Asia-Pacific for another year running, using its ability to internalise flow and warehouse risk to offer clients tight spreads in illiquid conditions.
QE2 drives Danske’s bullish stance on euro
Danske Bank has topped this week’s one-month forecast rankings with a bullish stance on the euro in the wake of further monetary easing (QE2) announced by the Federal Reserve on November 3.
Trading Places, November 15, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
Lloyds hires forex solutions director
Belinda Merrick has joined Lloyds TSB as director of major corporate FX solutions.
Citi builds private banking with Schmeja
Former RBS and Deutsche chief joins US dealer in private banking push
Christopher Street finds new global head
Steve Janjic has joined Christopher Street Capital as managing director and global head of e-FX sales and distribution in New York.
Gorra leaves RBS
Peter Gorra, head of G-11 foreign exchange spot trading for the Americas at Royal Bank of Scotland, has left the bank, according to market sources.
CCP costs keep creeping up
While US regulators consult the industry over the exemption of foreign exchange products, the systemic risks and increasing costs of using central counterparty (CCP) clearers continue to be highlighted.
RBS bucks downward FX trend
Royal Bank of Scotland (RBS) bucked the downward FX trend among dealers, reporting its first year-on-year rise in revenues in 2010 from its currencies and commodities division in the third quarter.
Forex booms across major platforms
Electronic brokers reported record-breaking trading volumes in October, reflecting a continued upward trend in FX and an interest in commodity currencies.
BarCap rebuilds after slew of departures
Barclays Capital is rebuilding its FX sales team after a series of high-profile losses earlier this year.
Citi appoints bank sales chief
Citi has restructured its FX sales desk with the promotion of Bapi Maitra to global head of bank sales in New York.
BNP Paribas live on Harmony Netlink by next week
BNP Paribas will go live on Traiana's Harmony Netlink by next week pending test results, according to Marco Baggioli, European head of FX prime brokerage at the bank in London.
Trading Places, November 8, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
RBS focuses on risk factors from emerging markets
Royal Bank of Scotland (RBS) has topped the 12-month historical index for the fourth week in a row by factoring in risks of a second round of quantitative easing and currency intervention in Asia.
Hong Kong will not abandon dollar peg: HKMA’s Chan
Hong Kong Monetary Authority chief executive Norman Chan says central bank will maintain dollar peg
CME hires from CLS
CME Group has found a new managing director and global head of FX, according to market sources.
BNP Paribas hires Sinsheimer
Allen Sinsheimer has joined BNP Paribas as head of the institutional client group for Europe in London. He reports locally to Arne Groes, global head of fixed-income sales.
Short-volatility strategy wins in October
Currency managers using the short volatility strategy were the best performers in October, indicates research from Royal Bank of Scotland.
Commerzbank continues global build in trading and sales
Commerzbank has boosted its rates division with a series of hires across sales and trading in London, New York and Singapore.
smartTrade launches LiquidityConnect for FX
Liquidity management software vendor smartTrade Technologies has launched LiquidityConnect for FX, it announced on November 2.