News
BGC's forex revenues rise in Q3
BGC Partners reported a 24% rise in brokerage revenues from foreign exchange to $44.4 million in the third quarter versus the same period last year, it announced last week.
Nomura promotes Steck; builds LatAm coverage
Nomura has made three key promotions across sales and trading, as it builds up its global strategy.
EC likely to follow a US clearing exemption for FX swaps and forwards
The European Commission (EC) is likely to exempt foreign exchange swaps and forwards from a mandatory clearing requirement if the US decides to do so, according to Patrick Pearson, head of the financial markets infrastructure unit at the EC.
BNP Paribas hires Sinsheimer
Allen Sinsheimer has joined BNP Paribas as head of the institutional client group for Europe in London. He reports locally to Arne Groes, global head of fixed-income sales.
Short-volatility strategy wins in October
Currency managers using the short volatility strategy were the best performers in October, indicates research from Royal Bank of Scotland.
Commerzbank continues global build in trading and sales
Commerzbank has boosted its rates division with a series of hires across sales and trading in London, New York and Singapore.
smartTrade launches LiquidityConnect for FX
Liquidity management software vendor smartTrade Technologies has launched LiquidityConnect for FX, it announced on November 2.
In Brief, 1 November, 2010
Read this week's In Brief to stock up on the latest technology news around the FX world.
Homogeneous regulations could contribute to risk, says former Brazil central bank chief
Arminio Fraga warns about the use of globally standardised methodologies for regulatory capital, as well as the dangers of multiple central counterparties
Cash variation margin requirements worry pension funds
Having to post cash as variation margin to central counterparties (CCPs) will cause substantial yield losses for pension funds that conduct liability-driven investment (LDI) strategies, according to fund managers.
Deutsche first client on Traiana Harmony for ETD
Deutsche Bank is the first bank to go live with Traiana’s new Harmony network to manage exchange-traded derivatives (ETD), it announces today (November 1).
New MD joins BlackRock
Les Gosling has joined BlackRock as managing director in the BlackRock Solutions team in London.
FXall and EBS roll out fractional pricing
Fractional pricing is being rolled out at FXall across 72 currency pairs, including EUR/USD, on November 1 as EBS continues its phased rollout.
Buy-side targets capital efficiency, says UBS
Findings of UBS analysts stoke fears of race to the bottom among over-the-counter derivatives clearing firms
Retail brokers slammed by NFA
Gain Capital and Ikon Global Markets have been fined by the US National Futures Association (NFA) for practices that put clients at a disadvantage.
Yates lands new role as BarCap strategist
Sara Yates has joined Barclays Capital (BarCap) as a strategist on its London-based FX strategy team. She reports locally to Paul Robinson, head of European FX research.
Trading Places, November 1, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
ANZ flexes its sales-side muscles
SYDNEY – Australia and New Zealand Banking Group (ANZ) has expanded its FX sales team with the hire of a former Société Générale chief, Simon Greenwood, to its Sydney office.
Parker FX: Rules-based currency managers rule in September
The Parker FX Index made a return of 1.64% in September, as currency markets favoured the euro and commodity currencies over a depreciating dollar.
Deutsche takes the top spot for FX in Q3
ZURICH & FRANKFURT – Deutsche Bank has proved its FX credentials by being the only bank so far to report higher FX year-on-year revenues for the third quarter, despite lower volatility and tight spreads.
Ohmän gains structured products team from Swedbank
Ohmän investment bank in Sweden has recruited eight members of the 12-person structured products team from Swedbank in Sweden.
Commerzbank expands Asia office
SINGAPORE - Tan Kok Wee has joined Commerzbank as head of fixed-income and currencies sales for Asia, the bank announced today, October 25.
In Brief, October 25, 2010
Read this week's In Brief to stock up on the latest technology news around the FX world.
Conference speaker laments renminbi demand outstripping supply
Demand for the renminbi is outstripping supply since the unit began trading globally earlier this month, according to a trader speaking at conference held under Chatham House rules in London on October 21.