News
Ryan quits Toronto Dominion Securities
Canadian bank loses its spot FX head
Crédit Agricole to launch two-year forwards by Q2
Crédit Agricole Corporate & Investment Banking will launch two-year outright forwards on its Jetstream platform by the end of March, according to Vincent Leclercq, global head of foreign exchange and commodities at the bank in London.
UK and French banks report mixed bag of Q4s
Barclays Capital, BNP Paribas and Société Générale (SG) last week posted a mixed bag of fourth-quarter results for fixed income, which includes foreign exchange.
US Fed’s Tarullo stresses importance of robust CCPs
Well-managed central counterparties (CCPs) are key to handling counterparty credit risk, according to Daniel Tarullo, a governor at the Federal Reserve Board in Washington, DC.
Baiocchi departs Barclays Capital in Milan
Nicola Baiocchi, director of corporate risk advisory at Barclays Capital in Milan, has left the bank to join Italian bank Banca IMI, according to market sources.
Informatica to launch messaging management tool in Q2
California-based data integration software vendor Informatica will launch a new messaging management system in the second quarter, according to officials at the firm.
In Brief, February 21, 2011
Read this week's In Brief to stock up on the latest technology news around the FX world.
Morgan Stanley loses six in London and New York
Morgan Stanley has seen six departures in New York and London since the beginning of February, with all understood to be moving to hedge fund Brevan Howard.
FX platforms ponder implications of Sef rules
Market participants might need to wait until July before the full implications of swap execution facilities on FX trading platforms are fully known.
Trading Places, February 21, 2011
Read this week's Trading Places to catch up on people moves across the FX world.
Isda working group to draw up new, standardised CSA
Derivatives market set for shake-up as confusion over how to price multi-currency CSA trades drives a push towards a standardised collateral agreement
Securities regulators at odds over OTC shift to trading platforms
Iosco members fail to agree on whether organised trading platforms for derivatives should source liquidity from multiple institutions.
Swiss banks report modest FX revenue rises in Q4
The two largest Swiss banks unveiled their financial results for the fourth quarter of 2010 last week, revealing modest increases in foreign exchange revenues.
Dustin Reid installed at BBVA as head of FX strategy
BBVA has hired Dustin Reid as its global head of foreign exchange strategy in the market and client strategy team based in New York, the bank has confirmed.
Trading Places, February 14, 2011
Read this week's Trading Places to catch up on people moves across the FX world.
IMF should draft rules on foreign exchange intervention, says BoI's Fischer
Bank of Israel governor Stanley Fischer calls on IMF to draw up international rules on foreign exchange intervention
Citi to provide PB services to brokers on FX Bridge options platform
Citi has become the second bank to provide foreign exchange prime brokerage (PB) services and options liquidity to brokers that use the FX Bridge Pro Trader Plus platform to offer FX spot and options trading to their clients.
Digital Vega plans Sef licence to boost options platform
London-based forex technology vendor Digital Vega will attempt to benefit from new regulations by applying to become a swap execution facility (Sef), the firm has told FX Week.
CLS committed to settlement risk mitigation under new regulations
68% of respondents to FX Week online poll believe CLS should be central clearer for FX products, but CLS insists it remains focused on mitigating settlement risk
Merchant Capital offers alternative for FX prop traders
Merchant Capital, a UK-based provider of asset management and advisory services, is courting foreign exchange traders departing global banks to establish their own enterprises, according to a senior official at the firm.
Meinnel emerges at State Street to run FX options
Loic Meinnel has joined State Street Bank and Trust Company in the new position of senior managing director, head of global markets foreign exchange options for Europe, the Middle East and Africa.
Saxo to launch streaming exotic binary options
Danish bank to add new options functionality to its trading platform in the second quarter
European Parliament and Council on collision course over FX exemption
The top European Union institutions in Brussels have found themselves at odds over the crucial question of whether foreign exchange contracts should be subject to new rules for mandatory clearing and reporting of over-the-counter derivatives in the…