News
NAB expands e-FX sales team
New hires in London and Sydney for National Australia Bank, following the recent promotion of Justin Geaney to head of Ficc digital
Revolving doors in FX at BAML
Bank of America Merrill Lynch loses in FX sales in Paris, but hires in FX spot trading in London
Digital Vega to add non-deliverable options to Medusa
NDOs in testing on Medusa platform as some market participants begin to consider alternatives to deliverable FX options that could be more easily cleared
GFXD beefs up with senior European hire
Andrew Harvey joins global FX division from Morgan Stanley, tasked to focus particularly on Mifid, Emir and the FTT
Newedge appoints China sales head
Jennifer Wang joins Newedge from DZ Bank
Libor scandal makes it tougher to hire forex traders
Banks are staffing up for a livelier foreign exchange forwards market, but taint of Libor rigging is limiting pool of new traders
Goldman Sachs salesperson joins Deutsche
Deutsche Bank adds to its FX investor sales team in New York with a senior hire
LSE's Eden joins Traiana
Traiana takes on new head of product management
Tradition-Icap ramps up FX options offering with RFQ product
Broker is adding VolCall to its Volbroker platform in the hope of taking more of its options business electronic
Industry set to miss CFTC deadline on intermediated FXPB
The deadline for FX agency desks and prime brokers to find a solution to the allocation of Dodd-Frank external business conduct responsibilities expires today
Retail brokers concerned about capital hit to CFDs
Brokers offering CFDs face the prospect of having to raise additional capital to hold against CFDs, leading them to question the product's future
Traiana and MarkitServ in turf war over pre-trade screening
Competition between the two vendors increases as they both seek to gain market support for their respective credit screening and clearing certainty products
Ian Axe steps down from top role at LCH.Clearnet
Chief executive to leave LCH after two years; other moves at JW Partners, Goldman Sachs and Nomura
Katz departs BNP Paribas to join ANZ
Australian bank adds veteran FX trader Jason Katz to its emerging markets team
FX Week USA: CLS expansion will be key to EM currency growth
EBS is 'holding its breath' for the ruble to be added to CLS, but regulatory affairs head cautions the addition of new currencies will take time
FX could move to financial settlement under clearing pressure – GFXD’s Lam
Addressing the challenges of clearing deliverable FX products, Mandy Lam of the global FX division suggests more products could become financially settled in the future
FX Week USA: Speed bumps not the way forward for platforms
The use of randomisation to effectively insert a speed bump into incoming orders on platforms is dismissed by panellists at New York conference
BNP Paribas reshuffles New York forex team
George Nunn takes on a new role in New York
Aviva hires ex-Overlay currency portfolio manager
Liam Spillane from BNP Paribas' Overlay will join Aviva's emerging market debt team in London
Traditional reserve currencies on the decline, says Pimco
Pimco's chief operating officer is bearish on major currencies, expressing the fund's preference for emerging markets, particularly the ruble and renminbi
Market conditions point to uneven global recovery, says Treasury official
Speaking at FX Week USA conference, Daleep Singh acknowledges the improvement in economic conditions in the US but calls for a more balanced global recovery
CFTC cross-border rules slammed as ‘rushed’
The CFTC appears to have made some concessions in its cross-border rules, but critics question how substituted compliance will work, and claim the overall framework has been rushed
SEB veteran Dubajic moves to Aphelion
Electronic FX salesperson Henrik Dubajic departs after almost 20 years at the Swedish bank
RBS loses Harding in Emea sales
Jonathan Harding's departure follows that of former BAML colleagues Graham Wintersgill and Mark Webster