News
Interview with Jon Levy on Wall Street regulation
FX Week reporter Farah Khalique talks to Eurasia's Jon Levy about the risks change creates within the global regulatory framework
Interview with Erik Lehtis on prime brokerage
Erik Lehtis speaks to FX Week reporter Farah Khalique about the advent of new regulations in the prime-brokerage arena
Interview with IDB's Amir Tal on the tech arms race
Amir Tal speaks to FX Week's Farah Khalique about how smaller financial services firms keep up with their larger rivals
Interview with Udi Sela of SuperDerivatives
FX Week's Farah Khalique asks Udi Sela about the impact of increased regulation on foreign exchange traders
Interview with ex-AIG lynchpin on FX prime brokerage
Nathaniel Litwak, BNP Paribas' head of marketing for FX Prime brokerage for North America, speaks with FX Week reporter Farah Khalique
HSBC on global hiring spree
TOKYO, SINGAPORE, SEOUL & LONDON – HSBC has made a series of hires across foreign exchange trading and sales in Asia and Europe, it confirmed on August 17.
Currency managers embrace risk in July
STAMFORD, CT - The Parker FX index made a return of 0.54% in July, as currency markets ditched the dollar for riskier assets amid improving European news and weaker US economic data.
CLS hires new head of strategic initiatives
NEW YORK – CLS has hired Richard Kerschner as New York-based head of strategic initiatives, a newly created role, it announces today (August 16).
Hotspot FX continues year-on-year growth
JERSEY CITY, NJ - Hotspot FX reported average daily volumes of $33 billion – double count – in July, up 55% from $21.30 billion a year earlier.
Deutsche in sales build-up
LONDON - Deutsche Bank has boosted its sales coverage of corporate and institutional clients with eight hires in recent weeks.
Credit Suisse gets green light in India
MUMBAI - Credit Suisse has received a licence from the Reserve Bank of India (RBI) to establish a bank branch in Mumbai, it said last week.
FXall adds head of global trade support
NEW YORK - Quito Zuba joins FXall as senior director and global head of trade support, as of today (August 16), in New York.
Trading Places, August 16, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
China beefs up derivatives master agreements; possible Isda friction?
Efforts by Nafmii to bolster the definitions of China’s over-the-counter derivatives master agreements should help market development. But there are concerns about potential copyright infringement related to Isda master agreements.
RBC hires European e-distribution chief from Citi
LONDON - RBC Capital Markets has hired Katherine Krebser as head of e-commerce distribution for Europe from Citi in London.
Dodd-Frank prop desk carve-out creates potential restructuring risks
Intellectual property and internal talent could get caught up in bank prop desk divorce
MAS approves SMX for commodities and currencies
SINGAPORE – The Monetary Authority of Singapore (MAS) has granted final approval to the Singapore Mercantile Exchange (SMX), to operate as a regulated and licensed exchange.
Lloyds hires new head of risk solutions
LONDON – Lloyds TSB Corporate Markets has hired Yuri Polyakov in London as head of risk solutions, reporting locally to Patrick Shone, head of structuring.
Standard Chartered expands in FX
NEW YORK & SINGAPORE - Standard Chartered has reorganised its trading desks in New York and made a key hire in Singapore, the bank announced on August 11.
UniCredit restarts build in Asia
HONG KONG – UniCredit has made a key hire in Hong Kong as it reinstates plans to grow its presence in the Asia-Pacific, after spending the past year restructuring its fixed-income and currencies (FIC) business.
CLS year-on-year volumes up in July
NEW YORK - CLS experienced a year-on-year rise in volumes settled over the system in July, but reported a decline from June, reflecting a drop in market volatility.
In Brief, August 9, 2010
Read this week's In Brief to stock up on the latest technology news around the FX world.
db x-trackers launches currency ETFs in London
LONDON - db x-trackers, Deutsche Bank’s exchange-traded fund (ETF) platform, launched two ETFs linked to the DB Currency Returns Index (DBCR) last week.
BAML live on CLS/Traiana by October
NEW YORK - Bank of America Merrill Lynch is due to go live on the CLS/Traiana joint venture trade-aggregation service by October, making it the last of the eight founding banks to begin processing through the service.