News
Ex-BAML Seebacher joins Brevan Howard
Gerhard Seebacher joins Brevan Howard in New York as co-head of global debt trading, after 18 years at Bank of America Merrill Lynch
FX volume resumes steady rise after yen-driven spike, surveys reveal
Turnover in the US and the UK declined between October and April, with a sharp fall in spot, but volume remains up year-on-year
Banks to shun FX platforms over transparency
Banks increase scrutiny of aggregation practices over transparency concerns
Credit Suisse’s Buckley joins FastMatch
Paul Buckley has left Credit Suisse after six years to join FastMatch, reporting to Dmitri Galinov
Lack of hedging options for RQFII ETF market-makers
Difficulty in accessing onshore market means liquidity providers are having trouble hedging China A-share exposure
Morgan Stanley promotes Wright and Diamantini
Managing director title awarded to David Wright and Stefano Diamantini; other hires at BCS and Brown Brothers Harriman
Icap sees steady NDF volume on Sef
Reported data shows Icap's Sef trading roughly $6 billion daily volume in non-deliverable forwards but other Sefs have fared less well, including Integral, with just one trade
Currency fund performance still stuck in ‘perfect storm’
Currency funds continue to under perform other asset classes, but investment managers see improvements in 2014
Regulators urged to extend benchmark probe to the buy side
Investigations into FX reference rate manipulation should extend to the activities of large buy-side firms as well as FX sales desks, say market participants
Savage launches multi-strategy hedge fund
Former FX Concepts executives Robert Savage and Ron DiRusso launch Citic Capital Holdings
Volume data creates distorted view of liquidity
As the six main FX committees prepare to release the results of the latest semi-annual FX turnover surveys this week, Joel Clark looks at volume trends in the industry over the past three years
BNP Paribas hires in e-FX sales
Amish Naik joins the French bank in New York, having previously been at Citi for more than three years
OTF transparency waivers survive final Mifid debate
European disclosure regime for derivatives platforms diverges from that in US
FX Focus trade repository Q&A
Alongside derivatives counterparties and regulators, trade repositories form the final part of a triumvirate that must work together if the European Market Infrastructure Regulation’s trade reporting regime is to begin smoothly on February 12. Leading…
February 12 trade reporting deadline – Failure warning
With the European Union’s February 12 trade reporting deadline fast approaching, few give the market any chance of being fully ready. Participants point to the significant challenge posed by complex reporting rules, and the shortened timeline to…
Barclays hires FX research head for Europe
Former US Treasury official Marvin Barth has joined Barclays to lead FX research in Europe, reporting to Jose Wynne
DealHub names Jyske Bank on FX Distribution Hub
FX technology firm DealHub publicly announces a second bank using FX Distribution Hub, following on from Commerzbank in September
BAML FX spot trader leaves firm
Director and FX spot trader Patrick McInerney leaves BAML
BNP Paribas sees changes in FX sales and trading
Alistair Carter and Pavel Vintin have joined BNP Paribas while Maria Riedel leaves to join JP Morgan
BlackRock threatens to go own way on UTI generation, says industry source
Asset manager takes unusual step of generating unique trade identifiers itself as banks react slowly to challenge
UBS expands Purves eFX role to include rates and credit
Chris Purves now global head of FX, rates and credit, reporting to Chris Murphy
Digital currency platforms emerge as Bitcoin gathers momentum
Recent developments in digital currencies are presenting opportunities for new platform providers
LMAX chief executive predicts FX volumes to double by 2020
LMAX has added offshore renminbi and the Russian ruble to its growing list of currencies as it hopes emerging markets will spark dramatic growth in FX volumes
RMB convertibility will be catalyst to offshore trading, say bankers
Buy-side firms will remain reticent in using renminbi until it becomes a fully convertible currency, despite the progress that has been made in recent months