News
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
Decimalisation unlikely on Thomson Reuters Matching, says Jas Singh
Head of treasury rules out decimalisation for the foreseeable future, and explains his decision to exit interbank options matching
Steve Toland departs EBS
Head of sales for Europe and North America departs as Jeff Ward promoted to global head of EBS sales
Commerzbank hires Chauval and Portlock in Singapore
Chauval joins from ANZ, Portlock from UBS, amid string of Asian hires
BAML to become clearing broker on FXall Order Book
Partnership answers client demand for direct access to Order Book ECN
Regulation will hurt FX liquidity, says Deutsche
Research warns reporting and exchange trading requirement will restrict liquidity in the market
Banks welcome launch of CNH fixing
Treasury Markets Association launches USD/CNH spot fixing today, with quotes provided by 15 banks and the rate calculated by Thomson Reuters
Banks and ECNs join forces to prevent FX flash crash
Citi, JP Morgan and Morgan Stanley join Deutsche Bank on Traiana's enhanced CreditLink service
Westpac recruits Townsend and Cameron in FX forwards
Townsend joins from Commerzbank and Cameron from Barclays Capital