Foreign exchange
RBC goes macro with Severi
TORONTO – Andre Severi has joined RBC Capital Markets (RBC) as head of Canadian macro foreign exchange sales in Toronto, from State Street.
Hervé Ferhani: EM countries in capital controls dilemma
NEW YORK - Emerging market (EM) countries that enforce capital controls will trigger a domino effect across neighbouring countries, according to Hervé Jacques Ferhani, deputy director of monetary and capital markets at the International Monetary Fund in…
RBS adds in e-sales
STAMFORD, CT – Royal Bank of Scotland (RBS) is increasing coverage of electronic sales to financial institutions with a hire from Barclays Capital in the US.
BNPP: Europe looks to liquidity and austerity
BNP Paribas (BNPP) has topped the 12-month currency forecast rankings for the third time in a row, having focused on the implications of liquidity and austerity measures on currency markets.
Trading Places, July 19, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
RBC: Japanese limits on margin trading will weigh on Aussie/yen cross in August
Japanese plans to limit leverage on margin trading to a maximum of 50 times collateral in August could affect Australian dollar/yen cross rates.
CBA gains Plesser in senior sales hire
NEW YORK – Commonwealth Bank of Australia (CBA) has appointed Paul Plesser from HSBC as its new head of foreign exchange sales for the Americas in New York, confirmed a spokesperson.
Exshaw signs up former colleague
NEW YORK - Christian Exshaw, head of distribution and global derivatives at CIBC, has recruited former Dresdner and Deutsche Bank colleague Ricardo Zulliger in New York.
Short volatility up in June
LONDON - Currency managers going short volatility would have been top performers in June, benefiting from European market stress, indicates research from Royal Bank of Scotland (RBS).
BIS: Output loss not due to currency collapse
BASEL – Amid speculation from some corners of the market that the euro could collapse, the Bank for International Settlements (BIS) published its most recent paper, 'Chronicle of currency collapse: Re-examining the effects on output' on July 6. The paper…
BlackTree live on dbSelect
LONDON - BlackTree Investments, a London-based currency manager founded by an ex-Lehman Brothers fixed-income team, has gone live on Deutsche Bank’s multi-manager managed account platform, dbSelect.
Banks show demand for strategists
LONDON & NEW YORK - Banks are boosting their foreign exchange research coverage, with prominent senior hires announced last week at Deutsche Bank and Société Générale.
UniCredit gets Mohr from Commerzbank
MUNICH – UniCredit has boosted its coverage in Germany with the hire of Martin Mohr in Munich as head of institutional FX sales for Germany.
Spot activity levels up year-on-year in June
LONDON - Electronic brokers reported a marginal rise in trading activity in June versus the same period last year.
Citi builds out European FX sales
LONDON & PARIS - Citi is increasing its coverage of European clients with hires in Paris, London and Milan.
RBS loses two in sales
LONDON & FRANKFURT - Royal Bank of Scotland (RBS) has lost two members of its sales team in London and Frankfurt, according to market sources.
GFT: US dollar set for a fall
GFT topped the one-month currency forecast rankings this week with expectations for the European debt crisis to supersede US fiscal shortcomings as a driver of US dollar moves.
Trading Places, July 12, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
BarCap loses two in vanilla options
LONDON – Barclays Capital (BarCap) has lost two from its vanilla options team in London, the UK bank confirmed.
China's yuan de-pegging: implications for Asia and the world
Callum Henderson, global head of FX strategy and Thomas Harr, senior FX strategist, at Standard Chartered in Singapore, predict the effects of China's yuan de-pegging on Asian currencies
Skowronski takes the lead at Alpari
LONDON & NEW YORK – Daniel Skowronski has joined the executive management team of Alpari, a provider of online FX trading services
CME posts record June FX volumes
CME posted record average daily FX volumes in its lastest monthly figures
Lutton and Yi resurface at Nomura
NEW YORK - Chris Lutton and Christina Yi are tipped to resurface at Nomura in New York, according to market sources