News
Thomson Reuters veteran to leave
Mark Redwood, president, sales and trading, in the markets division at Thomson Reuters in London, is due to leave by the end of the year, the company confirms.
Basel Committee to rethink CVA capital charge
Regulators may adapt the bond-equivalent approach amid claims the methodology will lead to perverse incentives
Barnes bows out of RBS
Royal Bank of Scotland (RBS) has suffered a double blow with the departure of its global head of FX, Mark Barnes, in London and Christiane Mandell, head of RBS' Latin American businesses in Mexico and Brazil, based in Stamford, Connecticut.
Tullett Prebon builds on OTC product transparency
LONDON - Tullett Prebon opened sales and client services offices in London and New York for its technology-driven price verification services, OTC Valuations, last week.
Malaysia liberalisation sparks ringgit rise
KUALA LUMPUR - The Malaysian ringgit reached 13-year highs against the dollar last Thursday, as officials relaxed currency controls on corporate hedging and international trade settlement on August 18.
Best at FX Bridge
ATLANTA, GEORGIA – Stephen Best joined FX Bridge Technologies as chief executive this month.
Trading Places, August 23, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
BNP Paribas builds in options in bid for top five position
NEW YORK & SINGAPORE - BNP Paribas has made three new FX options hires in New York and Singapore, the bank said on August 18.
Regulators tout new impact studies as proof of Basel III’s viability
Basel Committee and FSB studies play down the economic impact of Basel III - proof, regulators say, that the reforms are fit for purpose.
Sizeable portion of banks not planning to become clearing members
Battle for client clearing business set to heat up, reveals Risk interdealer poll
BNP Paribas enters US retail market via Bank of the West
BNP Paribas is offering market-linked certificates of deposit to US retail investors for the first time through subsidiary Bank of the West
Ability of Bric nations to revive global economy exaggerated, say analysts
The contribution of Brazil, Russia, India and China to the world economy is still too small to compensate for low demand in advanced economies.
Asian banks in OTC derivatives reconciliation drive
Efforts by Isda and international banks to get Asian counterparties to use portfolio reconciliation services for OTC derivatives are starting to pay off
FX Week USA: What were people talking about?
Reporter Farah Khalique speaks to participants at FX Week USA about trends in the foreign exchange markets
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.