Deutsche Bank
Standard Chartered expands in FX
NEW YORK & SINGAPORE - Standard Chartered has reorganised its trading desks in New York and made a key hire in Singapore, the bank announced on August 11.
In Brief, August 9, 2010
Read this week's In Brief to stock up on the latest technology news around the FX world.
db x-trackers launches currency ETFs in London
LONDON - db x-trackers, Deutsche Bank’s exchange-traded fund (ETF) platform, launched two ETFs linked to the DB Currency Returns Index (DBCR) last week.
BAML live on CLS/Traiana by October
NEW YORK - Bank of America Merrill Lynch is due to go live on the CLS/Traiana joint venture trade-aggregation service by October, making it the last of the eight founding banks to begin processing through the service.
Banks post sluggish first-half results
LONDON & ZURICH - UK banks followed regional peers by reporting a sharp year-on-year drop in first-half revenues from fixed-income and currencies businesses, which were marred by a falloff in volatility and a retreat from risk.
Trading Places, August 9, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
HSBC in second senior trading hire
LONDON & HONG KONG – HSBC has announced another senior trading hire this week, this time in Hong Kong, confirmed a bank spokesperson.
HSBC hires Deutsche vet as head of cash trading
LONDON – HSBC today announced the appointment of Mark Johnson in London as managing director and global head of foreign exchange cash trading.
Wade's in at Deutsche Bank
NEW YORK - Deutsche Bank has boosted its electronic foreign exchange sales effort to corporate clients with a key hire from Citi.
Trading Places, August 2, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
Trading Places, July 26, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
BarCap hires in correlations
LONDON – Barclays Capital (BarCap) has hired Leo Cabral to head its correlations desk in London.
End-users support central clearing
NEW YORK - The push for central clearing is increasingly being driven by end-users seeking operational efficiencies, rather than regulators, according to Jason Vitale, global head of dbClear FX at Deutsche Bank in New York.
Exshaw signs up former colleague
NEW YORK - Christian Exshaw, head of distribution and global derivatives at CIBC, has recruited former Dresdner and Deutsche Bank colleague Ricardo Zulliger in New York.
Portware eyes streaming liquidity, TCA in FX upgrade
NEW YORK - Execution management system (EMS) vendor Portware has targeted liquidity management, extended algorithmic execution and transaction cost analysis (TCA) with version 5.0 of its Portware FX trading platform, released on July 13.
BlackTree live on dbSelect
LONDON - BlackTree Investments, a London-based currency manager founded by an ex-Lehman Brothers fixed-income team, has gone live on Deutsche Bank’s multi-manager managed account platform, dbSelect.
The challenges of CVA
The onset of the financial crisis spurred banks to charge for counterparty credit risk in their forex dealings. But how to do that is proving theoretically and practically challenging. By John Ferry
Trading Places, July 12, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
Lutton and Yi resurface at Nomura
NEW YORK - Chris Lutton and Christina Yi are tipped to resurface at Nomura in New York, according to market sources
Deutsche makes two senior hires in Moscow
MOSCOW – Deutsche Bank has hired Bulent Ilgun as head of treasury, and head of rates and FX trading in Russia, it announced on June 30. It also announced the hire of Evgeny Monakhov as head of equity sales for Russia.
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…
Credit Suisse continues Asia build
HONG KONG - Credit Suisse made a significant push to expand its presence in the foreign exchange market in the Asia-Pacific, with six sales hires in Japan, Singapore and Hong Kong.
Deutsche loses two in San Fran but gains in New York
SAN FRANCISCO & NEW YORK - Deutsche Bank has lost two foreign exchange salespeople in San Francisco but gained one in New York, according to market sources.
Trading Places, June 28, 2010
Read this week's Trading Places to catch up on people moves across the FX world.