News
New firm Savi targets home traders
LONDON - Former Bank of America spot trader Sachin Shah has founded his own proprietary trading company, Savi Trading, to target the thriving retail foreign exchange market.
Ice joins forex central clearing debate
ATLANTA - Jeffrey Sprecher, chief executive at Atlanta-based IntercontinentalExchange (Ice) has become the first major exchange official to call into question the need for central clearing of foreign exchange derivatives trades.
Deutsche triumphs as FX powerhouse
LONDON - Deutsche Bank has usurped Citi to win the accolade of best bank for foreign exchange in a year characterised by unprecedented levels of market risk. The award also marks the first time the German bank has been recognised as the top FX dealer in…
Clients reward UBS for post-trade innovation
Post-trade innovation and development this year has been all about mitigating settlement risk in a market fraught with concerns about counterparty default. And UBS, winner of the award for best post-trade services, has led the way in providing new tools…
Tullett Prebon shines in FX forwards with EM shift
Tullett Prebon has triumphed as the number one broker for currency forwards, holding on to the mantle for the seventh consecutive year.
Sales head quits RBS
LONDON - Royal Bank of Scotland (RBS) continued to be hit by senior-level departures last week, with the global head of foreign exchange bank sales the latest to walk out the door.