Articles by Farah Khalique
FX industry creates lobby group
BRUSSELS - The Association for Financial Markets in Europe (AFME) is establishing a representative group for foreign exchange participants, amid the threat of increased forex regulation.
TwoFour expands global sales team
LONDON & NEW YORK – Two Four, an FX and treasury cash management technology vendor, has hired two sales managers to expand its business globally, it was announced on June 3.
JP Morgan, Merrill Lynch fined for segregation and supervision failures
LONDON & HONG KONG – The UK Financial Services Authority (FSA) and the Hong Kong Securities and Futures Commission (SFC) have fined JP Morgan and Merrill Lynch, respectively, for accounting failures.
In Brief, May 31, 2010
Read this week's In Brief to catch up on the latest FX technology news.
Trading Places, May 31, 2010
Read this week's Trading Places to catch up on the latest people moves across the FX world.
Aspen wins with technical analysis in murky conditions
Aspen Trading topped the one-month currency forecast index for the first time ever with a sole focus on technical analysis.
BarCap beefs up in the US, but loses in Europe
NEW YORK - Barclays Capital has boosted its sales coverage in the US with the hires of Mike Testa, Marlena Demenus, James White and David Weiss in New York and San Francisco.
Sijbrandij calls time at Goldman Sachs
LONDON - Robbert Sijbrandij, vice-president and head of European real-money FX sales at Goldman Sachs in London, has left to join HSBC in the City.
Thomson Reuters Spot Matching launches new Arab currencies
DUBAI – Thomson Reuters launched three new Gulf Co-operation Council (GCC) currencies in April on its Spot Matching system, in response to customer demand.
Rinehart quits Standard Chartered
NEW YORK – Paul Rinehart has resigned from Standard Chartered in New York, where he was a vice-president and head of institutional FX sales for the US.
Beriot in shock move to Citi from SocGen
LONDON & NEW YORK - Citi has made a key hire from Société Générale in institutional sales, a week after the departure of Jan Bak, head of non-UK European institutional sales in London.
Hogan calls it a day at Nomura
Canice Hogan, head of fixed-income flow sales for Europe, Middle East and Africa at Nomura, retired on Friday, May 14.
Informa: Dollar miles ahead of flagging euro and sterling
Informa topped the one-month currency forecast rankings with a bullish dollar view amid turmoil over the euro and sterling.
Trading Places 17.5.10
Read Trading Places for this week's movers and shakers in the global FX space.
Briefs 17.5.10
Read this week's Briefs section to catch up on technology news.
Downes steps down at Citi
LONDON & HONG KONG – Nick Downes, head of FX bank sales for Europe, Middle East and Africa at Citi in London, resigned last week, according to market sources. Meanwhile, in Hong Kong, Stephenni Xie is reported to have joined Citi in FX sales.
Headhunters report temporary hiring freeze in wake of volatility
Headhunters on both sides of the Atlantic have reported a distinct slowdown in foreign exchange hiring as banks take advantage of the high level of volatility to make some much-needed profit, thus halting candidate interviews.
Glory Sky sees potential with GFI Fenics
NEW YORK & HONG KONG - Glory Sky Group, a Hong Kong brokerage house, has chosen GFI Fenics’ Professional to help manage its FX and commodities derivatives business.
UniCredit hires new head of FX cash
LONDON - UniCredit has hired Beat Nussbaumer as European head of FX cash. Based in London, he will start on May 17, reporting directly to Nick Crawford, global head of FX in London.
BNP Paribas: pound is going down
BNP Paribas topped the 12-month currency forecast rankings and made a top five appearance in the one- and 12-month year-to-date index, by focusing on changing global liquidity conditions.
BAML woos David Woo and more…
LONDON & SINGAPORE – Bank of America Merrill Lynch (BAML) is adding to its sales and rebuilding its research capabilities with five hires made globally.
Rieunier takes on options head role at Saxo
COPENHAGEN - Saxo Bank has hired Gustave Rieunier in a newly created position, global head of FX options and forward trading.
Trading Places 10.5.10
Read this week's people moves in the FX space across the globe.
Option prices rocket over euro crisis and UK hung parliament
LONDON – Options prices shot up dramatically last week as liquidity fell, amid long-term concerns over the European Central Bank’s (ECB) handling of the eurozone deficit crisis and uncertainty about the outcome of the UK election.