Trading
Morgan Stanley plays the Japan card
Morgan Stanley’s FX prime brokerage business has gained a strategic advantage in the Japanese market through a new partnership with Japanese heavyweight Mitsubishi UFJ Financial Group (MUFG).
Traders position for yen weakness
LONDON - The close of the Japanese financial year sparked a flurry of activity at options desks last week, as speculators and hedgers bought USD/JPY calls with expectations for the yen to continue its losing streak versus the greenback.
Deutsche in drive for US sales growth
Deutsche Bank has made two senior hires in its North America foreign exchange team: David Paster and Linda Crish.
BAML builds out UK corporate sales
LONDON – Bank of America Merrill Lynch (BAML) is expanding its UK FX corporate sales team with the hires of Matt Rolfe and Nick Hardy in London.
UBS loses three in sales
LONDON & STAMFORD, CT - UBS has lost three salespeople on both sides of the Atlantic in the past fortnight. All are due to set up shop at rival camps.
Ta Chong Bank to implement FinIQ structured products solution
TAIPEI - Ta Chong Bank, Taiwan (TCB) is going live with technology from FinIQ to manage currency-linked investment products sold through its treasury and branch network.
Informa: Yen set to regain funding crown
Informa topped the one-month currency forecast rankings this week with a dollar-bullish view.
Trading Places, April 5, 2010
Read this week's people moves in the FX market across London, New York and Hong Kong.
Sovereign debt and LatAm-related hedging key for Spanish dealers
Spanish dealers explain how hedging related to sovereign debt issuance and Latin America will be key revenue sources in 2010
BarCap loses Mihocko-Tierney to BAML
BAML gains in electronic commerce and investor sales
BNP Paribas: Liquidity withdrawal key to dollar recovery
BNP Paribas has topped the 12-month currency forecast rankings by focusing on the long-lasting effect of central bank liquidity measures.
Otkritie poaches MDM's FX Team
A new force in Russian FX is making its presence felt.
ABN Amro set to restart 24h forex business
ABN Amro is set to re-launch its 24-hour trading capabilities next month, as it aims to regain clients lost after the Royal Bank of Scotland (RBS) acquired its foreign exchange business in 2007.
Asia live with pooled reserves fund
HONG KONG – Asia took a crucial step towards regional independence with the introduction of $120 billion in reserve funds under the Chiang Mai Initiative Multilateralisation (CMIM) arrangement, last Wednesday (March 24).
EBS contemplates new direction
Interdealer broker Icap is continuing to evaluate ways to expand its business proposition, perhaps employing the more technology vendor-approach taken by rival platforms Currenex and FXall.
Greek bailout fails to inspire FX traders
The Greek bailout fails to appease forex traders
Weiss and Dechpokket depart Credit Suisse
Credit Suisse loses two more options traders
Nordea eyes retail FX
Nordic seeks uncorrelated flow
Trading Places, March 29, 2010
People moves
Currenex loses CTO
Gilman heads to pastures new