News
Trading places, February 23, 2015
BGC CFO steps down, Citi boosts board and New York Fed loses executive vice-president
Senior FX staff face risk of redundancy at Societe Generale
Stephane Malrait, Leon Brown, Robert Gomprecht and Paolo Sorio are all at risk of redundancy as SocGen reviews its FX business
BGC clinches GFI deal as hostile bid draws to a close
Broker succeeds in its quest for rival GFI after drawn-out takeover battle
Lloyds hires FX sales director
FX corporate salesperson swaps Citi for Lloyds Bank in London
StanChart adds NDF trader in New York
The bank's newly appointed NDF trader reports to Eric Darwell
Swedish krona emerges as funding currency of choice
Sweden's decision to flip its rates into negative territory boosts the currency's popularity in the near term
G10 FX revenue sinks 45% since 2009, says report
Coalition's research, compiled from 10 major banks, shows Ficc revenues and headcount down year-on-year as firms struggle to turn the tide
Barclays warns of possible Barx disruption on Grexit
Bank warns clients to expect highly illiquid conditions, wide spreads and delays with orders on Monday
SNB pushes CLS volumes to record high and platforms benefit
Currency trading activity gets off to a strong start in 2015
Commerzbank head of e-Fic sales departs
FX veteran leaves the German bank after nine years
Sizeable renminbi devaluation a major tail risk, says Baml
Chinese inflation data suggests the People's Bank of China could rethink its current renminbi strategy
EUR/USD call pushes BNP Paribas to the top
The bank expects the dollar to continue its uptrend against G10 peers in the long run
Coletti joins MarketFactory as Americas sales director
His appointment follows shortly after the arrival of Steve Toland
Asset managers face last-minute fee puzzle on benchmarks
Some sell-side firms have yet to inform clients of their plans for fees on benchmark execution
GSA split amicable, Gerko says
GSA's head of FX trading says his spin-off from the hedge fund was planned for months, with the support of GSA
FXCM's Niv blames banks for extreme Swiss move and losses
The January 15 drop in EUR/CHF was a 'global market function failure' as banks failed to provide prices, Niv says
Risk recycling issues stall China's forex option market
Onshore corporates yet to take advantage of increasing hedging options
Lloyds Bank boosts FX sales team
The British bank rehires Lucy Barton for its wealth and FX team
Australia corporates revisit FX hedging after AUD slide
Currency risk management is now a major focus for Aussie firms
USD/CHF options burn banks amid illiquid markets
Traders say dealers who lost money in last month's huge Swiss franc move are likely to have done so because liquidity evaporated, making it impossible to hedge sold options
Traiana drama culminates in CEO’s exit
Solinger reinstated as CMO and head of product strategy
CFTC commissioner questions NDF mandate suitability
All eyes on US regulator after Esma puts clearing of non-deliverable forwards on hold