Articles by Joel Clark
MarkitServ beefs up FX offering with Logicscope acquisition
Tie-up of two vendors will accelerate MarkitServ's push to offer FX clearing services including trade matching and connectivity to clearing houses
FX veteran Hulina departs UBS
Co-head of Ficc distribution Ed Hulina will take time out of the industry before pursuing new opportunities next year
FXall launches EQA benchmarking tool
Execution Quality Analysis is formally rolled out for institutional FX traders, following a 12-month period of development and client testing
Afme global FX division hires Lam from CLS
Mandy Lam has been appointed managing director for North America, reporting to James Kemp in London
Multiple repositories must adhere to common standards, says CPSS-Iosco
International coalition of regulators recognises the likelihood that multiple trade repositories will be set up along global, regional or national lines and sets out recommendations for minimum standards
Saxo secures major private equity shareholder
TPG Capital takes 30% stake in Saxo Bank, with the option to increase to 40% by October
Spotlight on: Philippe Ghanem, ADS Securities
The Abu Dhabi-based brokerage’s managing director talks to Joel Clark about the launch of ADS Securities, and his hopes that it will compete internationally with electronic brokers across FX, commodities and other asset classes
SG’s O’Sullivan relocates to New York
Co-head of global FX trading has also appointed Rob Philbin as chief dealer in the US
Lloyds continues hiring spree with Rarity and Khattak
Malcolm Rarity joins FX trading team today, while Asif Khattak will join corporate sales desk in October
Banks departs BNP Paribas
BNPP's global head of FX and local market sales left the bank last week and is expected to leave the industry altogether after 24 years
Focus on: Remuneration
The UK Financial Services Authority implemented its revised Remuneration Code at the start of this year, putting new rules in place around salaries, bonuses and retention payments. Joel Clark talks to Andrew Young, a solicitor in the employment practice…
Sefs lose their painful bite
The prospect of swap execution facilities under the Dodd-Frank Act initially struck fear into the operators of single-dealer platforms facing a possible loss of business. The appearance of the Sef Clarification Act last month, coupled with a changing…
Thomson Reuters extends Elektron hosting to FX
Thomson Reuters Matching will be the first platform to be available through the Elektron proximity hosting service, but independent platforms will be added in due course, the vendor tells FX Week
Kellaway takes interim trading head role at Lloyds
Head of swaps trading steps up to new interim role following restructuring at Lloyds and the departure of Ian Firth from his previous role as head of treasury and trading
GFI Fenics hires LatAm sales head
Appointment of Deborah Bonfield in New York comes months after four new hires in Asia
Richard Gladwin quits Nomura
Japanese bank's global head of FX left last Friday
Investors caught out by strength of Swiss franc and yen
Intervention from Swiss and Japanese authorities last week to weaken currencies meets with mixed success and leaves trading desks facing uncertain environment
Our summer of discontent
July and August typically herald a quiet period for FX trading desks with low volatility and subdued investor activity. 2011 has been very different, with banks facing a number of challenges across major currencies in recent weeks. How have they managed…
Options clearing on the rocks
Could clearing of FX options be stymied by the CPSS-Iosco requirement that financial market infrastructures provide clear and certain final settlement?
Ex-BarCap corporate duo joins Banca IMI in Milan
Nicola Baiocchi Di Silvestri and Nicola Giaretta have joined Italian bank to drive growth in corporate FX, rates and commodities
Lloyds recruits Underwood to head US trading
Ex-StanChart trading head started at Lloyds on August 1 and will be responsible for forwards and options trading in the region
Photo gallery: The e-FX Awards 2011 celebration in New York
Photos from the e-FX Awards cocktail reception, held in New York City, on July 14
FXall's Weisberg wins e-FX achievement award
Joel Clark introduces full coverage of the 2011 e-FX Awards winners, including Phil Weisberg for achievement award, SG CIB for bank e-FX initiative of the year and CLS Aggregation for vendor e-FX initiative of the year
TD Securities: Eurodollar lacks directional dynamism
Accurate prediction that the euro would rise against the dollar following the ECB's latest rate hike puts TD Securities at the top of the one-month rankings