News
Credit Suisse hires FX options trader
The Swiss bank is set to take on FX options trader Lotfi Bensassi in a senior role at the firm after he left UniCredit at the end of last year
FX futures set to benefit from regulatory shifts, Greenwich says
Capital requirements, initial margin and mandatory clearing of options and NDFs will boost futures trading
Regulators take differing views on reporting fines
National regulators set penalty rates on Emir non-compliance, with confusing results
No immediate sanctions for trade reporting failures, says FCA
UK regulator willing to give participants time to get trade reporting right after February 12 deadline
Citi and Deutsche take action against staff as FX probe continues
Chief dealer Rohan Ramchandani has been dismissed from Citi, having been on leave since October, while Deutsche has also suspended traders in the US
JP Morgan’s Rohrbaugh takes chair at Fed FX committee
Troy Rohrbaugh, global head of FX and rates at JP Morgan, succeeds Citi’s Jeff Feig as chair of the FX committee in the US
Bonuses will disappoint but job prospects encouraging, recruiters say
Headhunters say banks will look to replenish FX teams but bonuses will likely disappoint this year
FastMatch revamps matching engine to grab market share
Start-up platform has overhauled its matching engine to maximise fill rates and reduce response rates for clients as it seeks to grow volume
Chat room bans could drive traders back to the phone
Several banks have banned the use of chat facilities in response to the FX fix investigations, but some believe the ban may only make communication less transparent
Industry should be ready for reporting deadline, warns Esma
Despite ongoing challenges relating to European trade reporting, the industry has had 13 months to prepare and should be ready for the February 12 deadline, says European regulator
Saxo hires Matteo Cassina to head institutional business
New hire reflects Saxo Bank's determination to accelerate its push into the institutional market
Nomura hires Credit Suisse's Sandoz to head equities
Todd Sandoz has returned to the equity market at Nomura, having left his post as global head of FX and Stirt at Credit Suisse last year
Canadian FX committee chair retires
Donna Howard has retired from her role as CFEC chair and adviser to the governor of the Bank of Canada as Paul Chilcott takes over as CFEC chair
Deutsche hires Zinkin to co-head electronic trading
Martin Zinkin has joined the bank this month from BNP Paribas, reporting to markets electronic trading head Robert Mandeno
Mercury Forex diversifies from spot, takes over FX24
Swiss currency manager has collaborated with FX24 to launch a new discretionary trading programme
Newedge appoints co-heads for commodities and currencies
Franck Borgel and Francois Combes appointed to lead the firm's currencies and commodities business, following the departure of John Fay
Morgan Stanley veteran joins SG CIB in sales
Matt Miller moves to the French bank in New York, having been most recently at UBS after 23 years at Morgan Stanley
BAML's Bae promoted to top e-Ficc role
Christopher Bae becomes head of electronic trading for fixed income, currencies and commodities, with Denis Manelski stepping up to become global head of G-10 currency trading
HSBC expands in FX sales with senior hire
Mathijs Peeters joins HSBC as a director in FX sales to northern Europe after three years at Nomura
Revolving doors at Brevan Howard as Craignou joins
Ex-HSBC head Vincent Craignou joins Brevan Howard as a portfolio manager, while Neilan Govender returns to Credit Suisse after a short stint with the hedge fund
BBVA hires Horowitz from Marex Spectron
Sam Horowitz will split his time between trading emerging markets FX and developing BBVA's e-FX offering
RBS hires global FX options head from Santander
Simon Manwaring has joined Royal Bank of Scotland in London as global head of FX options, reporting to James Pearson
Nomura hires ex-SG CIB structurer
Benoit Duhil de Benaze has joined Nomura in London, where he reports to Tim Owens
BAML hires Asia FX trader in London
Andrew Young started at Bank of America Merill Lynch this week, reporting to Gavin Cook