BNP Paribas
BNPP: Europe looks to liquidity and austerity
BNP Paribas (BNPP) has topped the 12-month currency forecast rankings for the third time in a row, having focused on the implications of liquidity and austerity measures on currency markets.
Trading Places, July 19, 2010
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BNPP eyes European FXPB business
BNP Paribas moved steadily to launch into the foreign exchange prime brokerage market with the acquisition of staff and infrastructure from defunct insurance company AIG last year. But with that business focused on the US, rivals argue the French dealer…
Trading Places, June 28, 2010
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Popofsky quits BNPP
NEW YORK – Garry Popofsky resigned from BNP Paribas yesterday (June 24), according to an internal memo.
BNPP carves out bigger sales team
LONDON & NEW YORK – BNP Paribas (BNPP) has expanded its sales team with a key hire in London and three new starters in New York.
Trading Places, June 21, 2010
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BNP Paribas boosts Asia electronic trading capability
TOKYO - BNP Paribas plans to launch electronic trading in won and Taiwan dollar non-deliverable forwards (NDFs) on its single-bank system, FX eTrader, this year, according to a senior official in Tokyo.
SGX signs 14 banks for derivatives clearing
SINGAPORE - The Singapore Exchange (SGX-DC) has signed up 14 banks and three financial institutions for its Asian forex forwards and interest rates swaps clearing initiative, due for launch in the fourth quarter.
StanChart kick-starts Brazil push
SAO PAOLO - Standard Chartered (StanChart) has established a rates and FX trading desk in Sao Paolo, after receiving regulatory approval to launch trading operations in Brazil in April.
Trading Places, June 14, 2010
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FX industry creates lobby group
BRUSSELS - The Association for Financial Markets in Europe (AFME) is establishing a representative group for foreign exchange participants, amid the threat of increased forex regulation.
Trading Places, June 7, 2010
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Trading Places 17.5.10
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Option prices rocket over euro crisis and UK hung parliament
LONDON – Options prices shot up dramatically last week as liquidity fell, amid long-term concerns over the European Central Bank’s (ECB) handling of the eurozone deficit crisis and uncertainty about the outcome of the UK election.
BNP Paribas: pound is going down
BNP Paribas topped the 12-month currency forecast rankings and made a top five appearance in the one- and 12-month year-to-date index, by focusing on changing global liquidity conditions.
Trading Places, May 3, 2010
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Euro loses as markets play it safe
Greece continues to dominate the headlines. However, the contagion effect to other eurozone peripherals as well as concerns over Chinese monetary tightening and proposed financial regulatory reforms have been driving financial markets recently –…
JP Morgan in e-FX build
LONDON – JP Morgan is continuing to build up product capabilities on its internally developed single-dealer system, MorganDirect, after switching off the pre-existing AVT-based system JPex last month.
Mass exodus from BarCap in New York
NEW YORK - Barclay Capital (BarCap) continues to haemorrhage forex sales staff as below-average compensation makes the bank’s employees prime recruitment targets, according to market sources.
Trading Places, April 26, 2010
This week's people moves across Europe, Asia and the US.
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 5, 2010
Read this week's people moves in the FX market across London, New York and Hong Kong.
BNP Paribas: Liquidity withdrawal key to dollar recovery
BNP Paribas has topped the 12-month currency forecast rankings by focusing on the long-lasting effect of central bank liquidity measures.