News
SurfacExchange to move into emerging market currencies
The start-up currency derivatives platform will add the Brazilian real and the Mexican peso by the start of 2013 as it responds to investor demand for emerging market currencies
Deutsche reshuffles institutional FX sales management
Deutsche Bank has appointed four institutional sales heads in Europe under global head Kenan Altunis, following his recent promotion
Barclays reshuffles in FX strategy
The UK bank's head of global FX strategy has moved to a new role, to be replaced by Jose Wynne
Brevan Howard partner departs
Klaus Oestergaard has left the hedge fund
FX Week launches iPad edition
Joel Clark introduces FX Week's brand new iPad edition and explains how it will deliver extra value to subscribers
Trading places, October 22, 2012
New appointments at Rimes Technologies, the SEC, the London Stock Exchange and the British Bankers' Association
Wells Fargo beefs up in FX e-commerce
Wells Fargo recently completed the implementation of a new pricing platform developed by Integral. Robert Mackenzie Smith talks to head of FX e-commerce Stephen Godfrey about the bank's e-FX capabilities
Faros Trading moves into options
Faros Trading, which was established in 2009, has added FX options to its product suite
Bank of England FX committee hears corporate concerns
Rolls-Royce's assistant treasurer presented at the last meeting of the central bank's FX industry committee on the impact of derivatives regulation on non-financial companies
CLS aims to double currency coverage by 2022
New chief executive David Puth answers the pressure on CLS to add to its 17 currencies by setting a goal of doubling its coverage over the next 10 years
Saxo creates new client office after two key departures
Saxo Bank has opened a new department focused on products and services, following the departure of its heads of marketing and platforms
Banks welcome Ice Link’s selection of Traiana to expand into FX
Traiana's network of banks, clearing houses and buy-side firms in the FX market will enable Ice Link to quickly expand from CDS middleware into forex
FX Week Asia: Emerging markets FX moving electronic, say bankers
Client demand for electronic trading in emerging market currencies has risen in recent years, but more progress must still be made, according to senior traders in Asia
Oanda's European head departs
Antony Broadbent has left Oanda Europe, just over a year after the company opened its London office
FX Week Asia: Sefs and OTFs may be unworkable for NDF market
Speakers at Asia conference warn of the unintended consequences mandatory platform trading could have for non-deliverable forwards
CME hires senior FX trader in London
New appointee will report to Will Patrick and focus on building out the company's new London-based derivatives exchange
UBS readies regulation-focused FX algos
The Swiss bank will launch its first algorithmic FX trading tools early next year with smart order routing to help clients navigate regulatory change
FX Week Asia: Exemptions offer little solace for corporates
Corporate treasurers remain concerned about increased hedging costs as a result of new regulation, and expect banks to pass the costs on – despite exemptions for corporate hedging
Nordea hires electronic portals head from Saxo
Henrik Holst will start at Nordea in January, and will be replaced by Alan Plaugmann at Saxo
Foreign exchange ticks all the boxes, says StanChart markets chief
Forex is becoming the most-sought after asset class for a markets business due to its high return on equity and clear demand, says Lenny Feder, Standard Chartered's head of financial markets
Wells Fargo taps Integral for new FX platform
US Bank launches its own FX pricing platform for customers using Integral's cloud-based technology
New lows in FX volatility prompt funds to retreat from options
Volatility in the FX market is plunging to record lows in the fourth quarter, leading to changes in the composition of the options market
Basel and Iosco under pressure to exclude FX from margin rules
Industry response to proposals released in July on margin for uncleared swaps put pressure on regulators to carve out FX swaps and forwards
Trading places, October 15, 2012
New appointments at Westpac, Icap, HKSI and LGIM, while Goldman Sachs loses in FX sales and regulatory expert departs Deutsche Bank