Deutsche Bank
Compressed margins put tight squeeze on FXPB
The combination of rising costs and increased competition in FX prime brokerage has led to a squeeze on margins, but as the business attracts a wider range of clients than ever before, there is still clear demand for those that can afford to keep…
Corporates remain lukewarm on offshore RMB, despite reported growth
Data released from Swift this week suggests international trade settlement in RMB continues to grow, but corporates aren't so sure
Goldman Sachs salesperson joins Deutsche
Deutsche Bank adds to its FX investor sales team in New York with a senior hire
Bank e-FX initiative of the year: Deutsche Bank
Deutsche scoops two awards, one for its revamped AutobahnFX platform, launched last year, and another for its ACT platform for corporates trading FX
BTMU hires from Barclays in e-FX sales
Ericka Bratsiotis has joined Bank of Tokyo Mitsubishi UFJ; other staff changes at the Federal Reserve, Deutsche Bank and Goldman Sachs
Morgan Stanley re-hires FX salesman from Deutsche
Chris Hewitt is returning to Morgan Stanley in real-money sales, after a four-year hiatus at Deutsche Bank
FXPB product head exits Credit Suisse
Andrew Rosoman leaves Swiss bank after 11 years to join a competitor
Ex-Credit Suisse FX client adviser to join Cambridge Associates
Adam Duncan will join advisory firm next month; new role in London for Robert Mandeno at Deutsche Bank
Renminbi swap line expected to boost CNH liquidity
The recent agreement on a swap line between the UK and China will be a positive step for the nascent offshore renminbi market, although questions remain over how it will work
Esma under pressure to approve FX dual-reporting solution
FX market participants are pressing the regulator to support a proposed solution to the challenge of dual trade reporting without a central infrastructure to issue trade identifiers
Citi’s Feig takes on broader e-trading role
Jeff Feig retains responsibilities as head of G-10 but will now also focus on co-ordinating and developing electronic trading across asset classes
ParFX targets buy side inclusion by Q4
The platform will open its doors to non-bank market participants later this year in what will be the real test of its level-playing-field design
Deutsche’s Jason Shell takes sabbatical
David Wayne is relocating to New York to head FX in North America, while also retaining his current role as head of FX derivatives
Year-end ‘congestion’ looms for European trade reporting
Buy-side must prepare to meet their FX reporting obligations in Europe, which will be more challenging than in the US, webinar participants warn
Trading Places, April 29, 2013
Bank of America Merrill Lynch gains in FX sales, while Deutsche loses its head of e-FX trading
Direct trading kicks off in Australian dollar and Chinese yuan
China allows direct trading between the yuan and Australian dollar to deepen financial links between the two countries and improve price transparency
Credit Suisse loses global currencies trader in London
Senior FX trader Neilan Govender has left the Swiss bank for a role on the buy side
Euro bearishness reawakened post-Cyprus
Long euro positions have been unwound following the bailout of Cyprus and many participants now foresee further trouble ahead for the eurozone
Goldman Sachs hires in Australian FX sales
Catherine Rich joins from Deutsche Bank to cover real-money sales, based in Sydney
Deutsche gains ex-Credit Suisse hedge fund sales head
Thomas Farrer will join Deutsche Bank in London next week, reporting to Brian Sweetnam
CFTC's 60-second rule will force rejections, FCMs warn
Given a minute to accept or reject trades for clearing, FCMs warn they will err on the side of caution
Options clearing pushed to 2014 as solution search begins
As the search for a viable clearing mechanism for FX options begins, market participants suggest clearing won't begin before 2014
Trading places, February 11, 2013
New hires in FX at Brevan Howard and Stone Milliner, while EBS appoints a sales manager in London and the WMBA elects a new chair for the Americas
Euro outlook 'unpredictable' after recent strength
Despite the resurgence of confidence in the euro since the turn of the year, participants appear to be following the caution expressed by Mario Draghi yesterday over whether the trend is sustainable