News
Trading places, October 24, 2011
Read about hires at BarCap, Nomura, CME and CLS
Swain to manage GFI's new Swiss office
New office in Nyon will focus on emerging market products
Asia-Pacific personal wealth growth soars ahead of US and Europe – Credit Suisse
The Asia-Pacific region has accounted for 54% of all new global wealth creation since 2010 and emerging markets are set to drive global wealth creation during the next five years, according to Credit Suisse's annual Global Wealth Report
FX Week Asia: High-frequency trading practices defended
Edward Blair presents detailed defence of high-frequency trading practices at FX Week Asia
Singapore Exchange preps FX clearing launch
SGX president says NDF clearing will begin shortly, following the successful launch of a clearing platform for interest rate swaps in November 2010
Broeker joins Unicredit to craft FX strategy
Former head of options at Nomura joins Italian bank following the recent departure of its global head of FX, Nick Crawford
FX Week Asia: Options clearing on hold, prime brokers confirm
FX clearing will be restricted to non-deliverable forwards as US authorities discuss whether settlement risk can be properly managed for cleared FX options, according to speakers at the FX Week Asia conference in Singapore
FX Week Asia: Corporate hedgers rattled by volatility
Tumultuous foreign exchange market in September has left some hedging strategies in disarray and led to more timely exposure monitoring in one treasury department, say corporate treasurers speaking at FX Week Asia
FX Week Asia: World economy 'needs alternative reserve currency'
Chinese renminbi looks poised for reserve status, but still no consensus on when it will happen due to forces beyond "anyone's control", senior academic tells FX Week Asia conference in Singapore
BAML expands FXPB presence in London
Janet Thomas has joined Bank of America Merrill Lynch in FX prime brokerage in London
Emerging markets focus to boost NDFs despite clearing costs
The growth of the non-deliverable forwards market will not be hit by impending clearing laws
Pace of renminbi appreciation will slow, says Deutsche
Jens Scharff-Hansen, co-head of FX and short rates trading for Asia at Deutsche Bank, talks to Farah Khalique about the growth of offshore renminbi trading, recent dislocations in the onshore and offshore markets and how corporates can take advantage
Multiple repositories will protect against technological failure
Regis-Tr will roll out its reporting services for foreign exchange in mid-November
The renminbi's road to success
The renminbi is on the up, but is it climbing fast enough? Farah Khalique talks to currency strategists and a global head of FX structuring about the performance of the currency and future trends
RMB’s rise to reserve currency status accelerates
The possibility that renminbi will become a reserve currency in its own right appears to be becoming a reality, as a number of central banks have begun to diversify into the Chinese currency. Chiara Albanese reports
Trading places, October 17, 2011
Read about hires at Lloyds, UBS, Société Générale, Anello Asset Management
Crawford heads to Commerzbank
German dealer names new trading chief as it continues to bolster its FX franchise in light of regulatory changes and challenging market conditions
US banks at a disadvantage in face of Volcker rule
Non-US banks will have an advantage over US counterparts when it comes to prop trading, according to one legal expert
Two FX traders depart Nomura
Sami Amara and Yoshi Koska have both left the bank in London
BNP Paribas promotes Famery to replace Chase
Fabrice Famery assumed role of head of European corporate rates and FX in September
Bourget to join UBS from SG CIB
Regis Bourget will join the institutional sales desk in December, reporting to Richard Longmore
Nomura loses chief economist
Peter Westaway, former head of the Bank of England's research division, has resigned from Nomura
CME Group recruits Knottenbelt from RBS
Industry veteran Willian Knottenbelt appointed to lead the exchange group’s Emea operations
Drysdale departs Goldman Sachs
FX options trader's departure is understood to be part of Goldman's global headcount-reduction exercise