Post-trade

SunGard upgrades Front Arena

LONDON - SunGard is this week (March 12) launching a new version of its FX and money markets supporting cross-asset trading system, Front Arena.

Williams quits Hotspot

Mike Williams, senior managing director, Hotspot FX in Jersey City, New Jersey resigned from the electronic communications network yesterday (January 20).

What a difference a year makes

The foreign exchange business was a clear outlier in what has been a historic year for global financial markets. But no single entity experienced as significant a reversal of fortunes as a result of the market turbulence this year as settlement system…

All change for Citi's structured products team

LONDON - Citi has announced a host of changes to its structured products business, including the appointment of Jean-Luc Bernardi as head of structuring for Europe, the Middle East and Asia (EMEA).

Yen intervention risk rises

TOKYO - Analysts expect the Japanese government to intervene to curb the rapid appreciation in the yen, which reached near-record levels against the US dollar last week.

Investors turn to FX-only funds

LONDON - A greater number of institutional investors demonstrated an interest in FX-only hedge funds this year in an effort to manage currency exposure, according to data from London-based research company Preqin Hedge.

Forex forwards bounce back as year ends

LONDON - Efforts by global central banks to boost interbank trading are reaping returns, with short-dated foreign exchange forwards basis falling sharply last week. But longer-dated tenors remain a concern, say traders.

Ellis departs CIBC

TORONTO - Craig Ellis, managing director in foreign exchange and money markets at CIBC World Markets, served his last day at the firm last Friday (December 5).

DealHub client consolidates trades

LONDON - Options Computer Limited (OCL) has deployed its DealHub internal trade netting tool with an existing client, enabling the bank to reduce more than 100,000 component trades to 1,000 aggregate trades, according to the vendor.

Times getting heavy for metal traders

Gil Bray, head of product and business development at technology vendor Misys in New York, says the base metal OTC community needs to move with the times and reap the benefits technology can offer

Industry pushes to expand CLS coverage

LONDON - Panellists at the FX Week Europe Congress held in London last week applauded CLS for its role in alleviating settlement risk, but pushed for expansion to cover more counterparties, currencies and products.

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