News
DGCX adds three currency futures
DUBAI - The Dubai Gold and Commodities Exchange (DGCX) will launch three additional currency futures contracts in June, to take advantage of the growth momentum in incumbent products.
RBS to go live on CLS/Traiana JV
Royal Bank of Scotland is set to become the fourth bank to go live on the CLS/Traiana joint-venture trade aggregation service by early May, according to a person familiar with the situation.
Russia targets CLS inclusion by 2015
Settlement risk in Russia's ruble is preventing the currency realising its global ambitions
EU derivatives experts suggest threshold system for corporates
Legislators at the European Commission moved a step closer to determining whether non-financial users of over-the-counter derivatives should be forced to clear trades through central counterparties (CCPs) – a possibility corporates have vehemently…
UBS continues to bolster FICC group
HONG KONG & SINGAPORE - UBS has continued to expand its fixed-income, currencies and commodities (FICC) team with the hires of Andy Kleeger and Frank Suen, and the promotion of Gerald Chan.
CIBC in restructure
CIBC has realigned its capital markets business with the departure of Tim Carrington, Toronto-based head of global derivatives and strategic risk last Tuesday (April 13).
Nomura to launch multi-asset trading
Nomura plans to add trading in interest rates swaps, credit and cash bonds onto its upgraded proprietary trading platform this year, as it introduces multi-asset trading capabilities, officials tell FX Week.
Renminbi rhetoric hits new high
Mounting speculation about the imminent revaluation of the renminbi sparked a rise in volatility last week, with renminbi non-deliverable forwards (NDFs) reaching their highest rates since 2008.
IG seeks US success in retail FX
IG Group is hoping to carve out a share of the US retail foreign exchange market by offering exchange-traded access to its currency-linked contracts for difference (CFDs) to local brokers.
Amin finds new home with UBS
Kaushik Amin has been appointed head of fixed-income, currencies and commodities trading for the Americas
DealHub releases FX liquidity aggregation GUI
LONDON - Two banks are evaluating a foreign exchange liquidity aggregation graphical user interface (GUI) developed by OCL Computers, being marketed broadly by the vendor today, officials have told FX Week.
Calypso signs Record Currency Management
LONDON - Currency specialist Record Currency Management will go live with middle- and back-office systems from Calypso in the third quarter, following a nine-month implementation process, the vendor announced today (April 12).
Bonuses fail to match expectations
Bonus speculation is now over as the banks pay out, with the exception of Royal Bank of Scotland, which will not pay bonuses until June.
Loonie tunes into US dollar parity
The Canadian dollar breached parity with the US dollar for the first time in almost two years last Tuesday (March 6), and traders said the Canadian currency is set to test new highs for the year.
Forex volumes surge in Q1
Both CME Group and Icap's EBS saw foreign exchange volumes reach pre-crisis levels during the first three months of the year
Risk aversion sinks Saxo full-year results
Saxo Bank's full-year results show a shift in trading patterns in the second half of the year.
BAML maintains balance in real money
LONDON & NEW YORK - Bank of America Merrill Lynch (BAML) has lost a senior real-money salesperson in London but has gained in New York.
Trading Places, April 12, 2010
This week's people moves in the global FX market.
29West upgrades Gateway
CHICAGO – Messaging technology provider 29West, which was recently acquired by California-based integration software vendor Informatica, is planning to release a new version of its Gateway message-routing product to early adopters this quarter, which…
Morgan Stanley: inverted swap spreads will alter pension fund hedging
The inverted swap spread, where medium and long-term government bond yields exceed corresponding swap rates, is set to persist and will prompt a shift in the interest rate hedging stratagies of UK pension funds and insurers, according to US bank Morgan…
Anselmetti takes up BarCap offer
Goldman Sachs loses key sales personnel
Casini quits RBS
Enrico Casini, head of institutional foreign exchange sales for Europe, the Middle East and Africa and head of central banks sales, left Royal Bank of Scotland last week, say internal bank sources.