Trading
Trading Places, November 15, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
$300m net inflow to Asia hedge funds in Q3, says HFR
Net assets invested in Asian hedge funds rose by more than $300 million during the third quarter, according to research by Chicago-based Hedge Fund Research
Citi indexes offer low-cost forex exposure
Citi has launched the CitiFX Beta Indexes series, aimed at providing investors with an inexpensive, flexible means of accessing foreign exchange as an asset class.
Banks could circumvent Volcker rule by gaining hedge fund exposure synthetically
Volcker rule may contain loophole that allows banks to invest in hedge funds
Concern over scarcity of high-quality assets forces CCPs to broaden eligible collateral
Ice Clear Europe accepts gold for margin, while LCH.Clearnet is also working on extending eligible collateral
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
RBC targets Asian wealth management clients
Royal Bank of Canada (RBC) has acquired Fortis Wealth Management Hong Kong as part of an effort to build up its private banking business in Asia.
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.
Dealer concern over proposed change to client margin segregation
Ice Trust estimates it might have to increase initial margin by 63% to cover risk.
Insurers, not banks, driving liquidity trade
Insurance sector's hunger for high yields, rather than banks' thirst for short-term funding, driving liquidity trade
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.
In Brief, November 8, 2010
Read this week's In Brief to stock up on the latest technology news around the FX world.
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.
BGC's forex revenues rise in Q3
BGC Partners reported a 24% rise in brokerage revenues from foreign exchange to $44.4 million in the third quarter versus the same period last year, it announced last week.