Articles by Joel Clark
Icap hits record CNH volumes
Average daily volumes on EBS in June double those in May, with a record $92 million traded on June 17
Gu to retire from BAML
Gerhard Seebacher appointed head of global rates, foreign exchange and structured credit trading
Alior’s new ECN off to a flying start in Poland
Alior Trader already seeing daily turnover of $100 million per day
DTCC and Swift eye FX trade repository
New York-based group set to develop trade repository for every other OTC asset class and has pitched for FX in partnership with Swift
Maasland to chair Saxo’s London board, amid flurry of promotions
Torben Kaaber to become London CEO as Danish bank makes a string of senior organisational changes in Copenhagen
Spotlight on: Claes-Henrik Claesson, Claesson Capital Introduction
SEB’s former head of FX prime brokerage talks to Joel Clark about his new firm, Claesson Capital Introduction, and the value FX managed accounts can offer for investors seeking greater transparency and liquidity
Two sides to every argument
May in perspective: participants hope the US Treasury will hold by its proposed exemption, despite several calls for further independent analysis of the FX market
Central banks in 'uncharted waters', Lamfalussy tells ACI Congress
Former BIS chief recognises challenges facing central banks, but praises the ECB for its performance during the financial crisis
CCPs should become direct members of CLS, poll suggests
72% of poll respondents call for CCPs to join CLS to ensure settlement risk continues to be effectively managed when mandatory clearing is introduced
Spotlight on: James Taylor, JP Morgan
JP Morgan’s global head of e-FX distribution talks to Joel Clark about the development of the bank’s MorganDirect electronic commerce platform and how he has leveraged his experience at Barclays Capital and Deutsche Bank to build a global sales team for…
Cloud Trading Technologies adopts Microsoft cloud for FX product set
Cloud FX will leverage Microsoft's Azure cloud technology to deliver FX trading applications in a virtual format
CFTC rulemaking narrows field in repository race
CLS decides not to pitch to become FX repository provider after CFTC rulemaking demands extra granularity and timeliness in data reporting
MF Global hires Kemp and Olesen to drive fresh strategy
Citi veterans will take senior roles in New York and London as MF Global repositions itself as an investment bank
FX derivatives volume grew by 9% in H2 2010, says BIS
Total notional OTC volume across asset classes rose by 3%, having contracted by 4% in the first half of the year
BNP Paribas hires Nash from Barclays Capital
Move follows relocation of James Davison to New York in January
Duffie paper sparks debate over credit risk in FX swaps and forwards
Market participants respond to calls from academic Darrell Duffie for more analysis before finalising exemption of FX swaps and forwards from clearing requirements
Exemption clarity allows market participants to prepare for new regime
Banks, market infrastructures and industry associations prepare to move forward with regulatory preparation, now that swaps and forwards are set to be exempt
Saxo Bank rolls out options market data to web portal
Danish bank launched new service for retail investors on May 4
CLS appoints Naresh Nagia as CRO in New York
Nagia started May 4 and will replace Carol Simon after a transition period
US Treasury will exempt FX swaps and forwards from Dodd-Frank
Afme's global FX division welcomes the decision, announced on April 29, and calls on European rule-makers to follow suit
Sanity check on the value of emerging markets
April in perspective: investors and managers appear to have become more averse to the risk posed by emerging market currencies after volatility struck in March
Spotlight on: Thanos Papasavvas, Investec Asset Management
The head of currency management at Investec Asset Management talks to Joel Clark about the firm’s focus on institutional investors and its expectations for the euro, emerging market currencies and the yen
Lars Olesen quits Saxo
Former Citi veteran to be replaced by Conor Ringland at Saxo Bank
TraderTools steps into the light with Citi Prime Finance
Vendor plans to pilot fully transparent aggregation tool to rival FX ECNs by the end of April