JP Morgan
European OTC clearing documentation faces delay
Complications over close-out mechanisms and segregation models will delay the European addendum by up to three months, say dealers
Trading places, September 17, 2012
New hires at BNP Paribas, TD Securities, Esma and Forex Club
ABN Amro hires Duff to build FX clearing business
Dutch bank hires industry veteran to launch clearing business in North America
Martine Bond exits Morgan Stanley
The chief operating officer for FX and emerging markets has resigned from Morgan Stanley and is understood to be moving to State Street
CLS hires JP Morgan veteran as chief executive
David Puth will become the next chief executive of CLS, starting next week, the settlement risk utility announced today
FX mobile trading apps move from retail to institutional
The use of mobile applications to access foreign exchange trading platforms has been a growing phenomenon among retail users for some time, but top-tier banks are also now competing to offer the full range of trade-related services through mobile devices…
Sef connectivity hurdle looms for bank platforms
Many single-bank platforms have elected to connect to swap execution facilities, where they can route regulated products rather than losing that business altogether. But the new model requires connectivity to multiple platforms, which could be costly and…
Bank of Montreal adds FX strategy head in London
Audrey Childe-Freeman has joined BMO Capital Markets in London as head of FX strategy
HSBC hires from Deutsche to fill hedge fund sales role
Appointment is the latest in a series of hedge fund sales moves after JP Morgan hired Michael Spencer from HSBC earlier this year
Global FX division hires Asia-Pacific MD
David Ngai joined the division in Hong Kong on August 1, reporting locally to Mark Austen and globally to James Kemp
FXSpotStream gathers pace with start of production trading
Start-up FX price-aggregation service is gaining increasing traction with clients, say liquidity providers
Credit Suisse FXPB sales director departs
Martin Bradford has left Credit Suisse, months after the exit of the bank's global head of FXPB
Morgan Stanley hires FX sales head for Asia
Toru Tokoyoda joins Morgan Stanley in Hong Kong, having worked previously at Nomura, Lehman Brothers and Goldman Sachs
E-FX Awards: Graduation of the class of 2000
Citi, JP Morgan, Saxo Bank, MarkitServ and Icap's Gil Mandelzis are among the winners of the 2012 e-FX awards, which recognise excellence and innovation in FX technology
Best FX prime broker: JP Morgan
JP Morgan wins FX Week’s first e-FX award for best foreign exchange prime broker, having set an emphasis on prudent risk management – both in its approach to high-frequency trading and to over-the-counter clearing
Achievement award: Gil Mandelzis
Traiana’s co-founder and former chief executive wins the 2012 e-FX achievement award in recognition of his lasting contribution to the development of the industry over the past 12 years
Trading places, July 16, 2012
New appointments at Deutsche Bank, Barclays and FxPro
FX clearing clock ‘ticking’ following CFTC-SEC swap ruling
Speakers at FX Week USA expect this week's agreement on swap definitions by the CFTC and SEC will drive a rush to comply with FX clearing mandates
Standards multiply as FX TCA takes hold
Increased choice in FX transaction cost analysis (TCA) is giving asset owners more tools to measure the performance of liquidity providers, custodians and trading algos. However, with more opportunities for real-time data capture driving a diversity of…
Emea sales head exits FXall
FXall has lost its head of sales for Europe, the Middle East and Africa, just three months after the departure of Emea general manager Mark Warms
FXall enables users to access bank algorithms
New functionality allows clients to route algorithmic and limit order requests to selected banks
Trading Places, July 2, 2012
RBS loses EM research head, BAML appoints new EMEA investment banking co-heads and the New York Fed promotes Potter to markets group head
RBS loses FX UK corporate coverage head
Andy Stocker understood to be moving to Santander, alongside two other sales staff
JP Morgan combines FX and rates management
Troy Rohrbaugh is to relocate to New York to head up rates and FX, while Chris Willcox moves to asset management