Articles by Robert Mackenzie Smith
Five down in FX at Morgan Stanley
Spate of departures from the FX business in London coincides with the bank's cull of 1,600 jobs
Institutional sales head exits Alpari
Mark Davison is leaving Alpari in London after just over two years as global head of institutional sales
Peter Rading exits RBS
Co-head of fixed income, currencies and commodities and global trading is leaving RBS after 22 years
CLS squares up to member onboarding challenges
Having added Swedbank and Lloyds as settlement members in the past two years, CLS has committed itself to further expanding its membership as well as its currencies
Strong euro bet keeps Danske on top
Danske bank accurately forecast last month that the euro would strengthen in early 2013 while the yen would weaken, although not quite to the levels it has plummeted
Management changes announced at Oanda, Gain Capital and speculated at CMC Markets
Retail-focused trading companies shift strategies to new market and regulatory environment, while Cruddas tipped to return to chief executive post at CMC Markets
Gain Capital hires new chief for GTX
The former head of Knight Direct and founder of EdgeTrade is joining Gain Capital to head its institutional FX platform, GTX
Corporate sales head exits Citi
Head of FX sales to UK corporates has left Citi in London after 14 years with the bank
Swedbank’s head of FX to move to new role
The global head of FX and fixed income at Swedbank will become chief executive of the bank's asset management business on January 28
Banks invest in future of Traiana with 12% stake
Seven banks have bought a collective 12% stake in Traiana - which has been valued at $300 million - earning them a valuable seat on the company's new board of directors
FX portfolio manager exits Armajaro AM
Former Brevan Howard trader James Whitehead has left hedge fund manager Armajaro after just over two years
EBS appoints Integral co-founder as CTO
Viral Tolat joins EBS in New York as chief executive Gil Mandelzis continues his ambitious expansion plans for the flagship FX platform
Barnes takes over FX options at RBS
Mark Barnes, formerly global head of FX at Royal Bank of Scotland, has taken on additional responsibility for FX options while Richard Fawcett is on leave
JP Morgan goes to market with new cross-asset platform
JP Morgan Markets, a new platform unveiled this week, will ultimately incorporate more than 30 existing platforms into a single client offering
Senior spot trader departs Deutsche after closure of prop desk
Deutsche Bank last month shut down its proprietary FX trading desk in London, leading to the departure of the senior trader who ran the desk
Anticipation of yen weakness lands Scotiabank on top
The Canadian bank forecast in December 2011 that the yen would weaken against the dollar – a trend it expects will continue throughout 2013
CRT Capital hires senior trio to run FX desk
The Stamford-based broker-dealer has been developing its FX business for the past year, and hired three experienced professionals to run it
FXCM promotes Hampton to head options sales
Anoushka Hampton has been appointed global head of FX options sales at FXCM in London
Has last look had its day in FX?
Last look remains a divisive issue in the foreign exchange market, but some platform providers believe it has had its day and is no longer necessary for banks
Spotlight on: Mark Spanbroek, European Principal Traders Association
The EPTA’s vice-chairman and secretary-general talks to Robert Mackenzie Smith about the association’s mission to represent the interests of high-frequency traders to regulators, legislators and the market in general
SuperDerivatives to launch low-cost market data platform
DGX is aimed initially at corporates, private banks and investors, and will provide low-cost market data across all asset classes
Emir clearing deadlines remain a challenge, industry warns
Preparing the necessary documentation for client clearing can take many months and could delay clearing under Emir, warn banks and clearing houses
DealHub salesman joins Tullett Prebon
Veteran of Morgan Stanley and DealHub has joined Tullett Prebon to work on the Chapdelaine desk
Credit Suisse cuts staff in FX sales and trading
Five employees are leaving Credit Suisse in London, including the head of European hedge fund FX sales, two spot traders and an options trader