News
BNP Paribas hires head of institutional sales
AMSTERDAM -- BNP Paribas hired Dietert Wesselius as head of institutional FX sales in Amsterdam on December 1. Wesselius joined the bank to manage a team of five, which was recently expanded by the appointment of Martin Knol and James McHardy in October…
GFI continues Asian build-up
SINGAPORE -- Two support staff are set to join inter-dealer broker and market data supplier GFI in Asia in January, as the firm aims to capitalise on growing opportunities in the region.
Funds find profits elusive in November
LONDON -- Currency fund managers found it difficult to make profits in November, according to the Parker FX Index for that month, published at the end of December.
JPMorgan Fleming to launch FX fund
LONDON -- JPMorgan Fleming will launch a fund in February based on research produced by parent group JP Morgan Chase.
Top banks sign up for GFI’s options revaluation fixings
NEW YORK -- JP Morgan Chase, Bank of America, Deutsche Bank and Bank of Montreal are all using inter-dealer broker and market data vendor GFI’s FX option revaluation fixings, GFI said last week.
HICP may delay rate rises
LONDON -- The move to the HICP [harmonised index of consumer prices] measure of inflation in the UK could lead to a more relaxed policy stance by the Bank of England Monetary Policy Committee, analysts said last week.
Scandinavian banks look east
STOCKHOLM -- Scandinavian banks are expanding emerging markets teams in Europe and Asia as they seek to upgrade non-Scandi forex in preparation for the anticipated disappearance of the Swedish and Danish crowns.