Bloomberg
Icap: Sefs could lead to ‘sub-optimal hedging’
Moving NDFs to trade on Sefs could mean less hedging at longer end of the curve, says senior executive at Icap
ParFX hires Bloomberg's Parr to head business development
Robert Parr joins bank-backed spot-trading platform as it prepares to go live
Volkswagen Brazil chooses FXGO to manage currency risk
German car-maker's Brazilian subsidiary plans to employ Bloomberg's FXGO across South America to manage global currency exposure
Bloomberg may set up futures exchange
Trading venue looks to hedge its bets if it fails to close the margin gap between OTC swaps and futures
Diverging regulation greatest threat to FX market, say clearers
Speakers from LCH.Clearnet and CME Group at Bloomberg event say differences in regulatory approaches in the US and EU are the biggest threat to growth in FX
Central banks grapple with risks arising from FX reserves
Holdings of foreign exchange reserves at central banks has increased since the crisis, and market participants believe diversification into new currencies could now pick up
BoJ's inflation target unattainable, says Nomura
Panellists at Bloomberg event yesterday debated whether the yen will continue to weaken as the Bank of Japan pursues an ambitious 2% inflation target
Credit Suisse hires ex-Barclays e-FX salesman
New head of electronic sales for Emea joined Credit Suisse in London last week, reporting locally to Rob Maher
SuperDerivatives to launch low-cost market data platform
DGX is aimed initially at corporates, private banks and investors, and will provide low-cost market data across all asset classes
FXall expands in London with three hires
FXall has made three appointments to its sales team in London, all reporting directly to James Watson, head of Europe, the Middle East and Africa
Bloomberg launches CNY market data service through Cfets
New service provides live interbank rates on USD/CNY and eight other renminbi pairs, priced from 26 participating banks
Thomson Reuters beefs up post-trade business with senior appointment
Former Bloomberg product manager for FX e-trading has joined rival vendor Thomson Reuters to head post-trade product strategy
SuperDerivatives and Bloomberg scoop vendor awards
SuperDerivatives has risen gradually to the top spot for risk management and options pricing, while Bloomberg has again won best market data provider for FX
Best Banks 2012: Deutsche holds top spot for fourth year
Deutsche Bank and Citi remain in first and second place in this year's market survey, while Barclays has risen to third place
Bloomberg to offer FX options after six-month pilot
The vendor's FXGO platform is the latest in a long line of electronic platforms to add FX options ahead of forthcoming regulatory requirements for electronic platform trading
Bloomberg connects to CME for NDF clearing
Bloomberg has connected its FXGO platform with CME Group to enable NDFs traded on its platform to be cleared through the exchange
Hausman departs Thomson Reuters as Singh takes new role
Andrew Hausman has left Thomson Reuters after eight years, while Jas Singh is taking on new responsibility for innovation
Global inconsistency remains a challenge for would-be Sefs
An ongoing lack of clarity and the potential for extraterritoriality in swap execution facility rules is creating a bumpy ride towards registration, according to three putative Sefs
Banks welcome Tradition-Icap’s volatility fix
The daily fix could pave the way to the creation of new volatility-based derivatives, say participants
Bloomberg voted top for FX market data
Vendor scoops the award for its FX data offering for the third successive year
Eurozone members expected to decrease, Bloomberg survey finds
The results of the vendor’s latest industry poll suggest the number of countries in the eurozone will fall within the next five years
Ferrini joins Bloomberg from Commerzbank
Fabrizio Ferrini left Commerzbank in September
Parr joins Bloomberg after departing Icap earlier this year
Robert Parr has joined Bloomberg Tradebook and will be responsible for FX sales in Europe, the Middle East and Africa
Regulation will reshape FX liquidity, says Rule Financial
Uncertainty about regulatory changes could hurt liquidity in the first instance, but the advent of Sefs might cause trade volumes to rise, according to consultants