News
Barx architects unveil MahiFX retail platform
David and Susan Cooney, who both worked on Barclays Capital’s flagship e-commerce platform in its early days, expect MahiFX to be available for trading later this month
Bric currencies dependent on Chinese policy on renminbi, says L&G strategist
Brazil, Russia and India see China as their main competitor and will wait until the country allows appreciation of the yuan before they follow suit
Ben Homsy departs JP Morgan
Head of European hedge fund sales is relocating from London to Canada for personal reasons
Acquisition of Thomson Reuters risk business closes
Kondor+ product suite will now be known as Turaz, and will be 100% owned by Vista Equity Partners, with Bret Bolin as president and chief executive
Amol Devani quits options role at Goldman Sachs
Head of FX options in London leaves Goldman Sachs after nearly four years, having joined the bank in 2008
Basel guidance on settlement risk delayed until June
Updated guidance on FX settlement risk from Basel Committee and CPSS was originally due by end of 2011, but now has an expanded remit
Trading places, January 30, 2012
New appointments at UniCredit, BAML, SG CIB and FXecosystem
Strategists adjust processes to forecast politically driven currencies
Most FX market participants recognise the growing importance of politics in driving the direction of major currencies as a result of the eurozone crisis. But how do FX strategists digest the multitude of political statements and developments when making…
Icap's Spencer: 'not a prayer' of UK agreeing to FTT
Proposed EU trading tax would be vetoed by UK, says Icap's Spencer - if not, the broker will move its London HQ to New York
Ashraf Laidi joins City Index
Former CMC strategist will continue to run his own start-up consultancy in addition to his new role
Fusion AM pitches FX liquidity hedge to corporates
Options-based strategy was developed after a request from a large European exporter, and protects corporates from the liquidity risk arising from volatile currency moves
Mettler retires from Morgan Stanley
Stephen Mettler, who runs Morgan Stanley's interest rates and foreign exchange business, is leaving the bank
Emir set for Q2 completion, Barnier insists
Trialogue negotiations between the European Parliament and Council on derivatives reform are due to complete next week, with a view to finalising the text by April, says Michel Barnier
Growth of ruble spot market depends on settlement issues, say brokers
Average daily volume in the ruble spot market is estimated to be around $20 billion, but participants say it could grow by four times if institutions embrace real-time gross settlement and the ruble becomes a CLS currency
FX volumes set for more modest rise in October 2011 survey results
The 23% rise in UK turnover in April 2011 was a one-off, according to market participants, but further increases expected in October 2011 survey results
Banca IMI expands sales team in London
Italian bank recruits two salespeople to work across asset classes in London
French banks switch forex strategists
Lauren Rosborough joins SG CIB from Westpac, following the departure of Michael Sneyd for BNP Paribas
Mike Burton quits SG CIB
Departure of the bank's head of FX sales follows that of David Knott, who he reported to, earlier this month
Erroneous Swissie price on EBS sparks anger among traders
Foreign exchange traders express concern after an incorrect EUR/CHF price found its way from the EBS training environment onto the live market
Trading places, January 23, 2012
New appointments at Icap, Henderson, CLS, CIBC and Cloud Trading Technologies
FXall expands in Asia and New York
Indu Maheshwari joins from Thomson Reuters in Singapore, as FXall confirms the appointment of Susan Gammage in New York and a new chief human resources officer, Jody Tracey
Corporate hedgers count costs of volatility
Recent volatility in foreign exchange markets has created a tough hedging environment in major currencies, says British American Tobacco's dealing room manager
Brevan Howard appoints Juma from UBS
Former prop trader will join Brevan Howard in Hong Kong in March
Citi seeks to 'revolutionise' FX trading with platform upgrade
Latest version of Velocity seeks to compete on speed, cost and enhanced user experience