News
Canada clearing paper will not address CCP location question
A consultation on OTC clearing is expected in the coming months, but a key question will not be answered
Credit Suisse hires Lanzilotti in currency trading role
James Lanzilotti joins from UBS as head of US global currency trading
Guidance on central bank risk management is needed, says BoE’s Fisher
The Bank for International Settlements should provide guidance on best practice for central bank risk management, says the Bank of England’s Paul Fisher
Young joins Lloyds as FX options trader
Russell Young joins UK bank from Royal Bank of Scotland in London
Deutsche loses senior spot FX trader
Angus Greig has left Deutsche Bank in London
Senior EBS product managers depart Icap
Departures of Brian Andreyko and Chip Defilippo are understood to be part of a broader restructuring of the electronic broking business
FXCM hires currency broker to sell on DCX
Scott Sillitoe has joined FXCM from BGC Partners
JPM's Foster joins Nomura to head G-10 spot
Antony Foster joins the Japanese bank from JP Morgan
LCH’s ForexClear gets off to a solid start in NDFs
The launch of clearing of non-deliverable forwards on LCH.Clearnet's new ForexClear platform went smoothly last week, according to participants
Weighing up the rupee
The growth of the Indian economy and the appreciation of the rupee in early 2012 have made the currency an attractive focus for forex investors, but strategists remain divided on the currency’s potential to rally further this year
Trading places, March 26, 2012
New appointments at Citi and Deutsche Bank, and departures from RBC Capital Markets and RBS
Euro crisis could cause full EU break-up, warns ex-BoE official
John Gieve, former deputy governor for financial stability at the Bank of England, warns of an "explosion" waiting to happen in the EU
Transparency of public listing will boost FXall’s growth, says Weisberg
In his first series of interviews since its IPO last month, FXall chief Phil Weisberg says the public disclosure and neutrality that results from being publicly listed will improve its public standing and growth potential
FXCM and SuperDerivatives to add new pairs to options platform
Since its launch in July last year, the DCX joint venture has now attracted nine liquidity providers and plans to add new emerging market pairs
Currency risk in Africa more perceived than real, says fund manager
Speaking at this week's African Investment Summit in London, Els Boerhof said diversification and a longer time horizon can reduce hedging costs
Juhlin leaves Morgan Stanley sales role
Glenn Juhlin has left Morgan Stanley in New York
China and Australia sign A$30bn currency swap
Australia joins the ranks of central banks with a bilateral currency swap line with China; reflects increased use of renminbi and closer trading ties between the countries
e-FX sales director leaves Goldman Sachs
Heidi Golding has left Goldman to focus on her own business
Veteran spot trader departs HSBC
Gareth Cook leaves the bank after 26 years
Ex-BNP Paribas Boisson starts up in real estate
Francois Boisson expects to begin fundraising for new startup venture in May
Esma must replicate US Treasury’s FX exemption, says EC official
Patrick Pearson, head of the European Commission unit that drafted Emir, says FX swaps and forwards must be exempt from clearing under Esma standards
Traiana paves the way to client clearing with six top banks
Harmony CCP Connect service will enable top prime brokers to offer client clearing for NDFs later this year
Trading places, March 19, 2012
New hires at CIBC, Citi Private Bank, RBC Wealth and SG Private Banking, while Sants is to depart the FSA
Esma: Identifiers key to repository success
Consistent reporting to multiple trade repositories under new OTC regulations will depend on the successful adoption of legal identifiers