News
Deconstructing Emir
The European Parliament is putting the finishing touches to its version of the European market infrastructure regulation, but a loophole in the rules could allow derivatives users to escape the clearing requirement, warns MEP Kay Swinburne. Matt Cameron…
Thomson Reuters reveals new timeline for Sef compliance
Vendor's conversational dealing platform will be Sef-compliant and subject to a new global rulebook by mid-2012, Thomson Reuters announces today
Trade associations lobby for clarity on extraterritoriality
Eight trade associations lobby Geithner and Barnier to address extraterritorial concerns
FXCM and SuperDerivatives to launch options platform within days
Deal-X platform will launch with three liquidity providers on July 14, to be followed soon after by SurfacExchange's Surface Wave venture
Trading Places, July 11, 2011
Departures from BAML, Morgan Stanley and Deutsche Bank over the past week
Aussie dollar: up or down?
The Australian dollar has been on an upward curve ever since the financial crisis, but there is little consensus about where the currency is likely to go next. Miriam Siers talks to currency strategists about the main factors likely to influence the…
Deutsche Börse targets FX options after taking stake in Digital Vega
German exchange’s acquisition of a minority stake, announced on July 5, gives it a new-found foothold in foreign exchange options, according to Deutsche Börse official
Anglo Irish winds down FX desk
Anglo Irish Bank’s foreign exchange desk in London has shrunk to three people and is expected to shut down as part of ongoing restructuring
ING loses three in FX sales
Daniel Morton, Brendan Shanks and Victor Hamoush have all left the London sales desk
Steve Ashley to head combined rates and FX at Nomura
Ex-RBS rates head to relocate from Tokyo to London with Nomura
European Parliament rejects Swinburne’s forex exemption
Crucial plenary vote on Emir on July 5 retains suggested amendments to recognise unique nature of FX derivatives, but stripped out explicit calls for an exemption
HSBC recruits Thursfield in EM spot
Emerging market FX trader joins from UBS
Nigel Khakoo to leave Citi
US bank's global head of G-10 options trading has been made redundant
Decimalisation piles pressure on market-makers
Dan O'Sullivan, SG CIB's co-head of global FX trading, shares concerns about the narrowing of bid-ask spreads as a result of decimalised pricing, which is hitting the bottom line
JP Morgan’s Choussy prepares bank for FX clearing
Newly appointed global head of FX clearing explains how he is preparing for the advent of mandatory central clearing requirements for some FX contracts
White labelling preferable in retail FX, says Aite Group
White-label solutions will reduce tech spend for new entrants, says senior analyst Javier Paz
Trading Places, July 4, 2011
Senior moves at BNP Paribas, BNY Mellon and MKP Capital Management
Hong Kong fixing sets benchmark for CNH spot
Hong Kong interbank participants have created the first US dollar/offshore renminbi price fixing, giving the city first-mover advantage in renminbi products such as derivatives
Aphelion joins BT Radianz cloud
Swedish FX technology vendor cuts time-to-market for users by joining up to BT cloud
Spot USD/CNH fixing in HK poised to become derivatives benchmark
Hong Kong interbank participants have created the first US dollar to offshore renminbi price fixing giving the city first-mover advantage in becoming an offshore centre for renminbi products such as derivatives, say market participants
BNP Paribas launches iPhone app for GlobalMarkets access
Gain Capital and IPC Systems add their insights on the advent of mobile-based trading
Time for a single reserve currency is over, warns Gulliver
HSBC chief executive expects renminbi to become a reserve currency within 15 years and shares the bank’s outlook for the Chinese currency
Paul Thirlwall quits BarCap for HSBC
Barclays Capital loses its head of FX short-dated exotics
Ex-BarCap Wise to join Credit Suisse
Danny Wise will start as global head of FX spot trading in August