Articles by Farah Khalique
Trading Places, August 9, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
HSBC in second senior trading hire
LONDON & HONG KONG – HSBC has announced another senior trading hire this week, this time in Hong Kong, confirmed a bank spokesperson.
MS raids BarCap and Goldman for salespeople
LONDON & NEW YORK – Morgan Stanley is hiring from rivals Barclays Capital (BarCap) and Goldman Sachs in London and New York, respectively.
EBS Spot debuts fixing orders
LONDON - EBS will add fixing orders to the drop-down menu in its quote panel for banks only at the end of August, Rob Parr, senior sales manager for Europe, the Middle East and Africa and North America at Icap has told FX Week.
HSBC hires Deutsche vet as head of cash trading
LONDON – HSBC today announced the appointment of Mark Johnson in London as managing director and global head of foreign exchange cash trading.
Yield strategy delivers in July
LONDON - Currency managers using the yield strategy were the best performers in July, benefiting from improving European economic data and positive banking stress tests, shows research from Royal Bank of Scotland (RBS).
Citi hires Margolis from Goldman Sachs
LONDON – Citi has hired Adam Margolis from Goldman Sachs to its foreign exchange sales team in London, according to market sources
Thomson Reuters: Eurodollar rise will 'run out of steam'
Thomson Reuters - IFR topped the one-month currency forecast poll this week with expectations that the euro would bounce back from the European sovereign debt crisis.
CBA revamps FX business with Wall Street Systems
Commonwealth Bank of Australia (CBA) has selected Wall Street Systems to provide a full front-to-back multi-entity risk management system for its foreign exchange and money markets businesses globally.
BarCap expands in American FX sales
TORONTO & SAN FRANCISCO – Barclays Capital (BarCap) has hired two foreign exchange salespeople in North America, according to an internal source.
BNP Paribas promotes in spot and structuring
LONDON & HONG KONG - BNP Paribas has hired a new head of structuring for Asia, excluding Japan, and a new spot trader in London, said a bank spokesperson.
State Street hires two in London
LONDON – State Street has hired in its sales team and Currenex group in London, according to market sources.
ETF Securities to add 3x leveraged currency product
LONDON – ETF Securities is looking to add to its range of 58 listed currency exchange-traded products (ETP) by adding currency products that are leveraged by a multiple of three in September, said its chief operating officer in London, Nik Bienkowski.
Global forex growth on the up
GLOBAL - Global foreign exchange growth increased this year from October 2009, as investor confidence in the FX market has returned following the global financial crisis, despite concerns over the eurozone.
Trading Places, August 2, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
UBS nabs BarCap trio in e-FX
LONDON - UBS has hired an electronic algorithmic trading team from Barclays Capital (BarCap) in London, according to an internal announcement today (July 27).
RBC: Low Fed rates boost yen
RBC Capital Markets (RBC) topped the three-month currency forecast rankings this week with a focus on euro crosses against the yen and Swiss franc.
Trading Places, July 26, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
Sales head Héritier quits RBC
LONDON – François Héritier, managing director in foreign exchange sales, has left Royal Bank of Canada Capital Markets (RBC) in London, according to market sources.
CitiFX Pro to launch in Singapore
SINGAPORE & LONDON - CitiFX Pro, Citi’s margin foreign exchange trading platform, will launch in Singapore soon, targeting small institutional clients, said Kevin Wilson, director of margin FX trading for Citi's institutional clients group in New York.
Regulatory uncertainty hits US banks’ Q2 results
NEW YORK - Most US banks reported a slump in forex revenues in the second quarter this year versus last year, citing a drop in risk appetite and liquidity amid concerns over regulatory changes and the European debt crisis.
EBS chases competition with decimalisation launch
NEW YORK - EBS's plans to offer decimalisation at the end of August could lead to a fall in market liquidity, caution traders.
Trading shuffle at TD Securities
LONDON – TD Securities has made a spot hire but also replaced a recently departed options trader, confirmed Mark August in London, managing director and head of FX sales and trading for Europe in London.
Enforce clearing, catapult FX into the big league, say FX Week USA panellists
NEW YORK - Counterparty risk is preventing FX from becoming a major asset class and must be addressed, according to panellists discussing the future of the FX industry at the FX Week USA congress in New York last Tuesday (July 13).