News
Credit Suisse hires head of FX trading
David Tait will join Credit Suisse from UBS in January, reporting to global head of FX Todd Sandoz
The eurozone is not 'Hotel California', says BNY Mellon strategist
Simon Derrick stresses eurozone membership is not interminable and believes the likelihood of Greece leaving the eurozone is now the most plausible option following the events of last week
European banks report tough Q3 in Ficc
Q3 results at Barclays Capital, Credit Suisse and BNP Paribas suggest a difficult third quarter in Ficc, offset by strong FX performance
Regulators plan co-ops as answer to OTC fragmentation
CLS Bank-style regulatory council could be applied to trade repositories and CCPs to avert market fragmentation, but French regulators are not convinced
Eurobase debuts Evo single-bank platform
New single-bank platform will have enhanced user experience and the flexibility to trade asset classes other than just FX and money markets, officials at Eurobase tell FX Week
Dow Jones pitches news-based algo trading to FX traders
News providers including Dow Jones and Thomson Reuters report widespread interest in news feeds that scan keywords in news stories to forge trading strategies, but some remain sceptical about whether they can genuinely add value for traders. Farah…
MF Global bankruptcy leaves FX expansion in limbo
US broker-dealer had pursued an aggressive push into foreign exchange over the past six months, the future of which is now unclear following its bankruptcy last week
Eurozone members expected to decrease, Bloomberg survey finds
The results of the vendor’s latest industry poll suggest the number of countries in the eurozone will fall within the next five years
Trading places, November 7, 2011
New appointments at State Street, Deutsche Bank and the US Treasury, while Lloyds loses a trader
Private investor demand for FX on the rise, say managers
Volatility in major currency pairs and concerns over the US dollar have led to an up-tick in demand for FX exposure from high-net-worth individuals, according to several currency managers
Innovation and flexibility equally crucial in choppy markets, says Citi’s Jones
Reacting quickly to market developments has become increasingly important as a result of the recent volatility, while innovation in electronic trading is also more crucial to success than ever, according to Simon Jones at Citi
Credit Suisse layoffs hit Asia sales
Angelia Tan has left her FX sales post in Singapore as part of the bank’s global headcount reduction
FXCM develops Italian analysis team
Granzotto and Zucchini join in Milan to build the firm’s online presence
FX exodus continues at Informa Global Markets
Research firm has lost six FX-focused employees in recent months, including Ican Toniolli, Kieran O’Hora and Belma Kokic
SEB’s Leskinen to open start-up asset management advisory
Seppo Leskinen departs SEB in Singapore to start up his own advisory, Karelia Asia Investment Advisors
Yen expected to remain weak as long as Greek package is implemented
Foreign exchange strategists and traders have judged this week's Japanese intervention a success in weakening the yen, and believe USD/JPY should remain higher as long as the eurozone crisis doesn’t spiral out of control and spark a flight back to the…
Profile: CLS Bank's Bozian on regulatory co-ops and CCP settlement risk
Regulators are struggling to ensure they have oversight of over-the-counter market infrastructure without losing the benefits of centralisation. CLS Bank’s council of supervisors could be the precedent they follow. By Michael Watt
FX Invest Middle East: Further economic weakness ahead for Mena, warns World Bank
Keynote speaker at FX Invest conference in Dubai says the current outlook for the Middle East and Africa is 10% unemployment and 4% growth, while figures for China are the reverse
Head of spot FX trading leaves Lloyds
Kelvin Jouhar, head of spot trading, and Hetal Patel, senior G-10 trader, leave the bank after their roles are made redundant
Nomura hires Khakoo to head G-10 options
Nigel Khakoo was previously global head of G-10 options trading at Citi, but left the bank earlier this year after a decision to merge G-10 and EM options
Arends and currency team depart Henderson
Five departures follow the asset manager's decision to close its currency hedge fund and absolute return fund
FX Invest Middle East: Volatility is tough and unsustainable, say managers
Delegates at FX Invest conference in Dubai discuss Japanese intervention, the value of emerging market currencies and their outlook on volatility
FX Invest Middle East: Mena region dodges Arab Spring 'curveball'
HSBC's senior economist for the Middle East and North Africa tells delegates at FX Invest conference that the region has dealt with two big challenges this year, but it stands in better shape than some developed economies
Saxo to reveal open FX positions on tradingfloor.com
Saxo Bank's trading commentary and analysis website, TradingFloor.com, this week unveils a new module to provide information on FX open positions