News
Morgan Stanley re-hires FX salesman from Deutsche
Chris Hewitt is returning to Morgan Stanley in real-money sales, after a four-year hiatus at Deutsche Bank
Nomura expands with senior FX hires
Adam Redland has joined in FX sales in London, while Glenn Phillips joins in options trading in Singapore
Hedge fund sales head exits RBS
Graham Wintersgill, head of FX hedge fund sales, has resigned from Royal Bank of Scotland, just months after the exit of Mark Webster, to whom he reported
EBS Direct on-target for full launch, says Icap
Beta testing has been successful and the new disclosed liquidity pool will be fully rolled out later this year, says Michael Spencer
ANZ hires FX investor sales head
Australian bank has appointed Tim Moloney, formerly of Barclays, to replace Thomas Mummert in the top sales role
FXPB product head exits Credit Suisse
Andrew Rosoman leaves Swiss bank after 11 years to join a competitor
FTT would ‘drain financial resources’, GFXD research claims
The global FX division is upping its lobbying efforts to have FX derivatives carved out of the financial transaction tax with new research that shows the potential impact of the tax on transaction costs
FX investors struggle to exit illiquid EM currencies
A rush to sell certain EM currencies in recent weeks has led to a dearth of liquidity and heightened the risk for buy-side firms
Moscow Exchange to add more ruble products by year-end
The addition of new FX swaps and futures is expected to push further growth on the Moscow Exchange, officials say
Regulation deters currency managers from retail FX
Mifid requirements for enhanced transparency and due diligence for retail investors makes retail FX less attractive for some currency managers
No CVA exemptions in US Basel III rules
Europe isolated as US regulators opt for broad counterparty risk charge
Ex-Credit Suisse FX client adviser to join Cambridge Associates
Adam Duncan will join advisory firm next month; new role in London for Robert Mandeno at Deutsche Bank
‘Sef-lite’ environment remains confusing for platforms
Market participants still unclear on the implications of the requirement for multibank platforms trading non-cleared swaps to register as swap execution facilities
Nomura loses e-FX sales head in New York
Ralitza Fortunova has left the Japanese bank after three-and-a-half years
StanChart hires FX salesman from Lloyds
Richard Turner has joined Standard Chartered's investor sales team under Declan McEvoy
JP Morgan loses FX options trader
David Pennell is leaving the US bank after nine years
Business as usual for Hotspot under new ownership, says platform chief
Delivering technology to tackle client problems is central to the mission of KCG, the new parent company of Hotspot FX, according to Albert Maasland, head of global execution services and platforms
BNP Paribas hires two in FX strategy
Phyllis Papadavid and Daniel Katzive join in London and New York, respectively
Thomson Reuters acquires Tradeweb FX options platform
Clients of the Tradeweb platform will migrate to FXall where they will get "more diverse access to liquidity", says chief executive Lee Olesky
Svante Hedin leaves JP Morgan
US bank is now looking to replace its head of FX automated trading strategies
FX clearing driven by capital and collateral costs rather than mandate
As mandatory NDF clearing has been delayed, the likely increase in capital and collateral requirements for FX trades is forcing some to consider clearing ahead of the mandate, say webinar participants
Traiana COO joins EBS as head of sales
The position of global head of sales is filled by Gerard Varjacques, who joined Traiana from SunGard in 2011
SurfacExchange faces uncertain future
Market participants report the multibank FX options platform that launched in mid-2011 has gone quiet in recent months following the exit of its chief executive
Options platforms struggling with dearth of liquidity takers
Some FX options platforms have struggled to gain traction in a new and untested market, but banks say the problem is one of low demand for, rather than provision of, liquidity