News
Walsh joins Lloyds to sell to alpha-generating FX clients
Mike Walsh joins from RBS, where he was head of FX sales to hedge funds
HFT is changing the ecology of the FX market, says BIS committee
Bank for International Settlements report on high-frequency trading in the FX market is lukewarm about recent initiatives to monitor HFT and recommends further analysis by regulators and participants
HSBC targets booming global demand for Asia products
HSBC has appointed Apratim Chakravarty as managing director and head of offshore Asian product distribution, global markets Asia-Pacific.
Short volatility strategy pays off in August
Currency managers going short volatility in August would have been top performers, benefiting from a spike in volatility towards the end of July from the dual effect of the US and European sovereign debt crisis, according to research from Royal Bank of…
CitiFX launches multi-manager platform for investors seeking currency alpha
Citi launched a new multi-manager platform called CitiFX Access on September 14 that aims to facilitate investment in foreign exchange managers via multi-strategy benchmark and actively managed indexes licensed from industry index sponsors.
Read the new edition of FX Invest now!
If anyone needed any more reason to seriously think about employing a foreign exchange policy, then September should just about have done it.
Demand for euro puts surges as crisis deepens
Investors and speculators pile into euro put strategies as eurodollar spirals and further depreciation is predicted
e-FX success hinges on user experience as much as pricing, say banks
Lloyds Bank Corporate Markets became the newest entrant to the e-commerce space earlier this month with the launch of its Arena platform. Miriam Siers talks to banks and technology firms to find out what differentiates platforms in this competitive space
RBC to roll out cross-asset e-trading platform
RBC DX will replace incumbent platform and cover FX, fixed income, money markets and deposits, officials tell FX Week
Trading Places, September 26, 2011
New appointments at Nomura, Ice Clear Europe, Thomson Reuters, the LSE and the LME
Regulation will reshape FX liquidity, says Rule Financial
Uncertainty about regulatory changes could hurt liquidity in the first instance, but the advent of Sefs might cause trade volumes to rise, according to consultants
MarkitServ beefs up FX offering with Logicscope acquisition
Tie-up of two vendors will accelerate MarkitServ's push to offer FX clearing services including trade matching and connectivity to clearing houses
BBVA gains FX salesman from HSBC
Steven McEvoy joins Spanish bank in institutional FX sales
Richard Elliott joins UBS from BAML
BAML’s former head of e-FX options will be based in London with UBS, reporting to Tony Hall
Academic opposition to FX exemption debated at Isda’s Europe conference
Speaking in London on September 20, Craig Pirrong supports the unpopular position of fellow academic Darrell Duffie that FX swaps and forwards should not necessarily be exempt from the mandatory clearing requirements of the Dodd-Frank Act, as recommended…
SuperDerivatives hires corporate treasurer to push CorporeX platform
Oren Cohanoff joins from Teva Pharmaceutical Industries, where he was deputy treasurer and global head of financial risk management
Crawford quits UniCredit in London
Italian bank loses its global head of FX, Nick Crawford
Antico departs BAML following recent promotion
Peter Antico has resigned from Bank of America Merrill Lynch, just months after his promotion to global head of G-10 currency trading was announced
Prepare for further black swan events in FX, corporates urged
Corporate treasurers should make sure their forex counterparties are properly prepared for the possibility of further black swan events in the FX markets, senior Lloyds banker tells ACT conference delegates in Manchester
Citi appoints three regional e-sales heads
Selene Cheng, Rakesh Purohit and Eugenia Hanoune promoted to lead FX e-sales in Singapore, New York and London respectively
FX veteran Hulina departs UBS
Co-head of Ficc distribution Ed Hulina will take time out of the industry before pursuing new opportunities next year
FXall launches EQA benchmarking tool
Execution Quality Analysis is formally rolled out for institutional FX traders, following a 12-month period of development and client testing
In Brief, September 19, 2011
Technology news from Citi, Integral, Gold-i and ForexManage announced in the past week
Safe-haven appetite for Scandi currencies wavers
Despite the rush into the Norwegian krone and Swedish kronor following Swiss National Bank intervention on September 6, FX traders and strategists are lukewarm about the Scandi currencies' capacity to become long-term safe havens