News
Gain hires PFG trading team to boost GTX platform
Gain Capital's GTX institutional platform has hired 10 traders from collapsed broker Peregrine Financial Group as well as FXCM Pro salesman Anthony Scamardella
SG CIB hires buy-side trader
Simon Shooter joins Société Générale Corporate and Investment Banking today to work in FX sales to hedge funds
Mifid amendments threaten HFT platform access
A set of parliamentary amendments to the Mifid review threaten to ban ‘sponsored access’ – a popular route for high-frequency traders to access platforms without going through a prime broker
Trading places, July 30, 2012
New appointments at Rule Financial, Deutsche Bank and Bats Chi-X Europe while BAML loses a strategist and Citi loses an options trader
Scandi status as FX safe haven tempered by liquidity concerns
The Swedish krona has risen to record highs in recent months, but some strategists believe investors should be wary of rushing to Scandi currencies, given their relative illiquidity
FXall acquisition ticks all the boxes, says Mark Warms
Thomson Reuters' purchase of FXall makes sense and will lead to a more powerful combined entity in the FX market, according to FXall's former Europe head
Carry makes a muted comeback as investors hunt for yield
The carry trade showed some signs of resurgence during the second quarter but currency managers remain lukewarm about the strategy in an uncertain economic environment
Morgan Stanley hires FX sales head for Asia
Toru Tokoyoda joins Morgan Stanley in Hong Kong, having worked previously at Nomura, Lehman Brothers and Goldman Sachs
Newns promoted to chief operating officer at Currenex
David Newns has been promoted to chief operating officer at Currenex, as Chip Lowry moves on to a new role within State Street Global Markets
Ex-Saxo Seitz promoted to head MIG Capital
Bertram Seitz has been promoted to interim chief executive of MIG Capital, following the departure of Damien Francis
ADB economist moots idea of common currency in Asia
Principal economist at Asian Development Bank says common currency possible in ‘long run’; panellists outline possibilities for greater Asian economic integration
Institutions using renminbi payments up 60% year-on-year
Renminbi adoption continues to gather pace
Next economic crisis to come from pension funds
Unregulated pension fund industry will be a systemic concern
Trading places, July 23, 2012
New appointments at Digital Vega, smartTrade Technologies, Bats and MarketPrizm
Saxo appoints Nick Beecroft to chair London board
Saxo Capital Markets UK has appointed market veteran Nick Beecroft as chairman in London to replace Albert Maasland, who quit in May to join Knight Capital
Molten Markets expands with senior hires
Rich Wenzel and Peter Frucht have joined Molten Markets as the firm pushes forward with its new FX ECN
BNP Paribas strategist returns to Sydney with NAB
Ray Attrill has joined National Australia Bank in Sydney, having left his role as head of FX strategy for North America at BNP Paribas
De Lambilly moves to new role at BNP Paribas
Hubert de Lambilly has switched roles at the French bank and will now head the company's fixed-income business for Ceemea
TraFXpure beefs up with Rutherford appointment
TraFXpure has hired Roger Rutherford and Campbell Adams to drive the new platform's strategic vision
Deutsche Bank unveils hybrid blotter on revamped Autobahn FX platform
Deutsche’s new single-dealer forex platform centres around a trade blotter that allows users to manage their voice and electronic business through a single interface – a first for the industry, the bank says
Barclays reshuffles FX derivatives management team
Adrian McGowan has relocated from Singapore to London to head FX options and forwards, prompting several FX management changes
Del Missier renews pressure on BoE over Libor scandal
Former chief operating officer of Barclays Bank says he was told instruction to submit lower Libor rates came from Bank of England; directly contradicts Bob Diamond’s testimony
UBS appoints EM FX options head
Robert Diehl, formerly of Royal Bank of Scotland, will join UBS in September, initially in Zurich before moving to Singapore early next year
PFGBest bankruptcy fuels calls for stronger protection of customer funds
The collapse of Peregrine Financial Group, which comes just nine months after the bankruptcy of MF Global, has raised the pressure on US regulators to boost protection of customer funds held by futures commission merchants