News
BIS: Output loss not due to currency collapse
BASEL – Amid speculation from some corners of the market that the euro could collapse, the Bank for International Settlements (BIS) published its most recent paper, 'Chronicle of currency collapse: Re-examining the effects on output' on July 6. The paper…
BlackTree live on dbSelect
LONDON - BlackTree Investments, a London-based currency manager founded by an ex-Lehman Brothers fixed-income team, has gone live on Deutsche Bank’s multi-manager managed account platform, dbSelect.
StreamBase Partners with MarketFactory
NEW YORK - StreamBase has partnered with algorithmic FX trading applications vendor MarketFactory to enable hedge funds, banks and proprietary trading firms to speed their ‘time to first trade’ in the spot foreign exchange market.
Banks show demand for strategists
LONDON & NEW YORK - Banks are boosting their foreign exchange research coverage, with prominent senior hires announced last week at Deutsche Bank and Société Générale.
UniCredit gets Mohr from Commerzbank
MUNICH – UniCredit has boosted its coverage in Germany with the hire of Martin Mohr in Munich as head of institutional FX sales for Germany.
Spot activity levels up year-on-year in June
LONDON - Electronic brokers reported a marginal rise in trading activity in June versus the same period last year.
Citi builds out European FX sales
LONDON & PARIS - Citi is increasing its coverage of European clients with hires in Paris, London and Milan.
RBS loses two in sales
LONDON & FRANKFURT - Royal Bank of Scotland (RBS) has lost two members of its sales team in London and Frankfurt, according to market sources.
Trading Places, July 12, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
BarCap loses two in vanilla options
LONDON – Barclays Capital (BarCap) has lost two from its vanilla options team in London, the UK bank confirmed.
Europe hikes capital rules, slashes banker bonuses
Legislation adopted by European Parliament requires banks hold up to four times more capital to protect against trading risk; half of bankers’ bonuses to be paid in contingent capital
Godfrey resurfaces at Wells Fargo
SAN FRANCISCO - Steve Godfrey, formerly co-head of global rates, currencies and commodities electronic solutions at Bank of America Merrill Lynch (BAML), has joined Wells Fargo as head of its foreign exchange e-commerce division.
Questions raised about CCP collateral
Bank collateral managers raise concern about wrong-way risk in clearing house collateral
China's yuan de-pegging: implications for Asia and the world
Callum Henderson, global head of FX strategy and Thomas Harr, senior FX strategist, at Standard Chartered in Singapore, predict the effects of China's yuan de-pegging on Asian currencies
Skowronski takes the lead at Alpari
LONDON & NEW YORK – Daniel Skowronski has joined the executive management team of Alpari, a provider of online FX trading services
CME posts record June FX volumes
CME posted record average daily FX volumes in its lastest monthly figures
Lutton and Yi resurface at Nomura
NEW YORK - Chris Lutton and Christina Yi are tipped to resurface at Nomura in New York, according to market sources
Dodd-Frank: forex swap clearing exemption at Treasury secretary’s discretion
Blanket FX exemption dropped from final bill; Treasury to determine issue
Capital controls look likely in EM economies
The financial crisis causes a rethink of free capital flows and their impact on emerging market nations
RBC hires new head of EMEA strategy
LONDON – RBC Capital Markets (RBC) has hired Robert Beange as a managing director and head of strategy for Europe, the Middle East and Africa (EMEA), it announced on June 28.
Bache adds to London FX team
LONDON – Bache Commodities, a subsidiary of Prudential Financial, has hired Jonathan Webb as head of FX strategy and George Tsiourvas as a vice-president in FX sales.
Eurozone fiscal woes could be eased by EM exposure
Countries with sovereign debt problems, such as Spain, could benefit from their exposure to emerging market assets and currencies