News
Sterling: hamstrung by the latest round of QE?
With the announcement from the Bank of England on October 6 of a further round of quantitative easing, the consensus view of contributors to FX Week’s currency forecast index is that cable will remain around 1.55 for the next three months, despite being…
Profile: Credit Suisse Advanced Execution Services
Credit Suisse is one of a number of banks to have invested heavily in its algorithmic trading capabilities over the past decade. Clive Davidson talks to the bank’s algo trading team to find out how it plans to leverage its success in equity and FX…
G-10 troubles fuel sell-off in EM currencies
Declining risk appetite and a flight to quality have driven a sell-off in some emerging market currencies and pushed up the cost of hedging, say participants
Central banks shy away from euro reserves
New data from the IMF’s currency reserves database suggests reserves accumulation has slowed during 2011 and the appetite to hold euro reserves has also waned, particularly on the part of emerging market central banks
Trading places, October 10, 2011
Appointments announced last week at London Stock Exchange, UBS, GFI and Société Générale CIB
Clearing of Chilean NDFs hampered by netting uncertainty
The Central Bank of Chile has the authority to stop financial institutions netting down their transactions, which participants fear might prevent central counterparties from being able to clear contracts denominated in the Chilean peso
Eurozone crisis boosts September spot volumes
Falling confidence in the eurozone and the flight to and from commodities-based currencies has resulted in record volumes, platforms report
Citi promotes Patel to run G-10 options
Chirag Patel will add G-10 to his existing responsibilities in FX options
Parr joins Bloomberg after departing Icap earlier this year
Robert Parr has joined Bloomberg Tradebook and will be responsible for FX sales in Europe, the Middle East and Africa
Ferrini out of Commerzbank
Fabrizio Ferrini made redundant as Commerz relocates its Italy and Spain bank sales desks from London to Frankfurt
Saxo unveils Moscow office led by Dombrovan
Former investment analyst and IT specialist joined Saxo in Moscow last month
Urbanek departs BNP Paribas
Peter Urbanek worked in hedge fund sales in London
Loizou joins Anello Asset Management
Stavros Loizou joins from Lewis Charles Securities and will manage the Mantis Program, which will invest across equities, fixed income and G-10 currency pairs
Morgan Stanley multi-manager platform goes head-to-head with Deutsche and Citi
FX Gateway, launched this week, will leverage Morgan Stanley’s prime-brokerage and distribution capabilities and give institutional investors direct access to up to 20 currency managers
The Canadian dollar: to hedge or not to hedge?
The Canadian dollar weakened significantly against the greenback in the last two weeks of September, moving from parity on September 21 to 1.0461 on September 30. Farah Khalique talks to currency strategists about what’s driving the Canadian dollar’s…
Gain launches new voice-trading desk
Gain Capital's GTX institutional offering adds a new phone-based execution service
Madar promoted global head of corporate FX sales at Deutsche Bank
Fabio Madar takes global head of corporate FX sales role
Buy-side firms await regulatory clarity
Many buy-side firms are still holding back on introducing systems and processes for central clearing – but time might be running out
Deutsche Bank rolls out FX swap orders on Autobahn
New swap order functionality went live for all users of Autobahn on September 19
LCH.Clearnet eyes November launch for NDF clearing
London-based CCP is set to launch clearing for NDFs in six currencies in mid-November, having shelved plans for options clearing while banks discuss settlement-related issues with regulators
Reynolds leaves SG for asset manager
Adam Reynolds leaves Société Générale to join The Cambridge Strategy in Hong Kong
Hamilton joins VTB in London
Philip Hamilton joins Russian bank from Goldman Sachs
Leuschke joins Westpac in Auckland
Former RBS global head of FX sales joins Westpac in his home country, New Zealand