News
CBA makes changes to Sydney strategy team
SYDNEY AND LONDON – Commonwealth Bank of Australia (CBA) has continued to ring the changes on its research team with a new addition in Sydney and an internal transfer from New Zealand to London.
More volatility for Slovakian unit
BRATISLAVA – The Slovakian koruna is likely to see continued volatility in coming weeks as international banks continue to move in and out of the market, according to traders.
Standard Chartered continues growth in Asia
SINGAPORE & HONG KONG – Standard Chartered is continuing to build its FX derivatives presence in Asia with two more hires.
Banking relationships remain key
Banking relationships will remain important despite the fact that costs are coming down and there are ever more channels from which clients can choose.
Hedge fund jump for DrKW capital markets head
LONDON – Achilles Macris, former global head of capital markets at German investment bank Dresdner Kleinwort Wasserstein (DrKW), has joined hedge fund manager Cardinal Asset Management as a partner.
Stiff competition for multi-bank portals
NEW YORK – Multi-bank portals will find it hard to compete in a market where there is increasing competition for buy-side clients.
JP Morgan signs fund customer to Reuters
NEW YORK – JP Morgan became the first bank last week to go live with fund customers for Reuters' buy-side initiative Reuters Trading for Foreign Exchange (RTFX).
FXDD launches 'PowerTrader'
NEW YORK – Online trading provider FXDirectDealer (FXDD) has launched an institutional forex trading platform.
FNX boosts global sales force
PHILADELPHIA, NEW YORK AND LONDON – FNX Limited (FNX), the US technology vendor, has expanded its sales team, making key appointments in business development globally.
eSpeed takes TradeSTP from Logiscope
LONDON – eSpeed is using Logicscope's TradeSTP deal notification software to ease post-transaction trade processing for a number of its FX clients, according to FX market sources. Logicscope officials declined to comment.
Portals tackle liquidity issues
NEW YORK – The rise in anonymous trading has changed the way banks distribute liquidity.
EBS joins algorithmic bandwagon
LONDON – FX trading platform EBS is to enable algorithmic trading over its platform as it enhances capabilities to expand the range of services available to the buy side.
Sales high on Asian wish list
HONG KONG – The burgeoning hedge fund industry in Asia has boosted demand for sales staff in the region.
GFT opens Aussie office
SYDNEY – Global Forex Trading (GFT), the provider of real-time currency dealing, pricing and services for retail and institutional forex traders, has begun operating a field office in Sydney, Australia.
RBS hits the heights on Cfets
SHANGHAI AND EDINBURGH – Royal Bank of Scotland (RBS) has done the most deals and seen the highest volume on Chinese trading system China foreign currency trading system (Cfets) since its launch.
FX Connect hikes prices pre-upgrade
BOSTON – Multi-bank portal FX Connect has put up charges by 25–40% across the board, and is to implement a wide-scale upgrade of its system.
New name and chief executive for Tullet
NEW YORK – Tullett Financial has changed its name following the merger with Prebon, and named G Andrea Danese as chief executive. The company will now be known as Tullett Prebon Information.
Standard Chartered adds three to FX options desk
SINGAPORE & MUMBAI – Standard Chartered bank has boosted its forex options team in East Asia with three new hires.
Reuters consolidates Knowledge platform
New York – Reuters is introducing a new version of its Knowledge research and fundamental analysis product, which will replace the previous Reuters and Multex incarnations of Knowledge with a single platform.
Nihon Unicom joins EBS Prime
Tokyo – Prime brokerage platform EBS has increased its exposure in Japan by signing up a Japanese futures commission merchant (FCM) as an EBS Prime customer.