Societe Generale
Industry calls for further clarity on Mifid II
The European Commission tabled proposals to revise the Markets in Financial Instruments Directive on October 20. But traders remain concerned about the implications of a one-size-fits-all approach to foreign exchange
Trading places, October 17, 2011
Read about hires at Lloyds, UBS, Société Générale, Anello Asset Management
Bourget to join UBS from SG CIB
Regis Bourget will join the institutional sales desk in December, reporting to Richard Longmore
Sterling: hamstrung by the latest round of QE?
With the announcement from the Bank of England on October 6 of a further round of quantitative easing, the consensus view of contributors to FX Week’s currency forecast index is that cable will remain around 1.55 for the next three months, despite being…
Profile: Credit Suisse Advanced Execution Services
Credit Suisse is one of a number of banks to have invested heavily in its algorithmic trading capabilities over the past decade. Clive Davidson talks to the bank’s algo trading team to find out how it plans to leverage its success in equity and FX…
Trading places, October 10, 2011
Appointments announced last week at London Stock Exchange, UBS, GFI and Société Générale CIB
Reynolds leaves SG for asset manager
Adam Reynolds leaves Société Générale to join The Cambridge Strategy in Hong Kong
e-FX success hinges on user experience as much as pricing, say banks
Lloyds Bank Corporate Markets became the newest entrant to the e-commerce space earlier this month with the launch of its Arena platform. Miriam Siers talks to banks and technology firms to find out what differentiates platforms in this competitive space
Electronic FX trading in Asia may switch to multi-dealer platforms
The Asian FX derivatives business is expanding rapidly, driven by increased participation from financial institutions and hedge funds. While single-dealer platforms have increased market share over the past few years, incoming regulation could force FX…
Crawford quits UniCredit in London
Italian bank loses its global head of FX, Nick Crawford
Taking stock of 2011: Technology
Upgrading forex trading systems to prepare for regulatory change or simply keep pace with competitors has been a key trend of 2011 for all participants. In the final part of a series of articles taking stock of the year so far, Miriam Siers and Chiara…
Central banks take aim at dollar-funding shortage
Co-ordinated action from five central banks eases the pressure on dollar funding for European banks, but EUR/USD cross-currency basis swap market remains under stress
Taking stock of 2011: the euro
The challenges 2011 has already thrown at foreign exchange market participants have been multi-faceted, ranging from a tough trading environment in major currency pairs to the preparation for new trading and clearing regulations. In the first of a series…
SG’s O’Sullivan relocates to New York
Co-head of global FX trading has also appointed Rob Philbin as chief dealer in the US
Sefs lose their painful bite
The prospect of swap execution facilities under the Dodd-Frank Act initially struck fear into the operators of single-dealer platforms facing a possible loss of business. The appearance of the Sef Clarification Act last month, coupled with a changing…
Investors caught out by strength of Swiss franc and yen
Intervention from Swiss and Japanese authorities last week to weaken currencies meets with mixed success and leaves trading desks facing uncertain environment
Our summer of discontent
July and August typically herald a quiet period for FX trading desks with low volatility and subdued investor activity. 2011 has been very different, with banks facing a number of challenges across major currencies in recent weeks. How have they managed…
Trading Places, August 1, 2011
CLS appoints CTO, SG CIB loses its head of institutional FX sales
Bank e-FX initiative of the year: Société Générale CIB
SG CIB scoops the e-FX initiative award for Alpha FX, a single-dealer platform it began designing two years ago and launched in late 2010
FX Week USA 2011: Delegates talk regulation and technology
Farah Khalique talks to delegates and presenters at FX Week USA about the regulatory and technology trends driving FX markets in 2011
Société Générale to provide options liquidity to FX Bridge
French bank is integrating systems with US-based vendor’s ProTrader Plus platform
SG CIB anticipated euro recovery
The prediction that a political solution to the Greek crisis would strengthen the euro lands French bank at the top of one-month rankings
Decimalisation piles pressure on market-makers
Dan O'Sullivan, SG CIB's co-head of global FX trading, shares concerns about the narrowing of bid-ask spreads as a result of decimalised pricing, which is hitting the bottom line
Spotlight on: Dan O’Sullivan, Société Générale
The French bank’s co-head of global FX trading talks to Farah Khalique about the impact of recent eurodollar volatility on banks and investors, and the practical challenges of implementing new regulatory requirements