Fixed Income
SmartTrade opens Milan office as client base grows
The company has onboarded new clients in several places, including Germany, Italy, Japan, North America, South Africa and Switzerland
CIB revenues set to drop slightly in Asia – Coalition
Survey finds corporate and investment banking revenues are expected to be 4% lower in 2017 than the year before
BTIG hires Hobert as managing director of FX team
David Hobert is tasked with developing new business as the firm looks to expand its currency footprint
Matherne joins BNY Mellon as global head of FX forwards
Paul Matherne is the latest staffer to make the switch from Deutsche Bank to BNY Mellon
FMSB warns of Ficc market vulnerabilities
In its annual report, the body representing the global Ficc market, highlighted areas of concern still needing attention
IPC partners TransFicc for low-latency links to multiple venues
TransFicc’s API simplifies the process of connecting to new trading venues and handling vast amounts of data
Shay trades Virtu for Nasdaq
Shay was appointed senior vice president and global head of fixed income and commodities
Grimeh shifts into fixed income at $30bn hedge fund
StanChart's regional head of financial markets, Americas, could give up roles at GFMA and the NY Fed's FXC soon, source says
Toland launches fintech start-up for fixed-income markets
TransFicc aims to assist in the migration of trading to electronic venues and adherence to regulation
Volatility and options push up FX revenues in 2015
Figures from the 12 largest investment banks show G10 FX up on 2014, while Ficc trading was down 9%
Banks explore Mosaic platform to help ailing Ficc revenues
The aim is to discover new business opportunities and more valuable clients
JPM and Citi stay top of Coalition's Ficc rankings
The two strongest performers in the third quarter were JP Morgan and UBS
US banks see declining Ficc revenues in Q2
Only Morgan Stanley bucks the trend by highlighting strong currencies business
Liquidity concerns still haunt Ficc
The cost of maintaining Ficc market-making operations outweigh the benefits for banks, leading to fears that a market event could have serious consequences
Barclays hires head of Ficc research for Asia-Pacific
David Fernandez ends a 15-year career at JP Morgan to join Barclays in Singapore as it continues to expand its Ficc offering
Buy side prepares for fixed-income storm
Artificially low volatility leaves firms nervous about the future – and looking for fixed-income alternatives
Barclays appoints Cartledge to head new e-Ficc team
Management changes at Barclays globally after Cartledge takes on role leading the bank's new electronic Ficc trading team
BNP Paribas restructures fixed-income management
Changes see global head of fixed-income trading, Guillaume Amblard, become head of the new foreign exchange and local markets group
BAML loses co-head of Ficc trading
Gerhard Seebacher departs, leaving David Sobotka as sole head of the Ficc trading business
Corporate FX sales head exits Credit Suisse for Deutsche
Bryan Morales will join Deutsche Bank in New York in September, reporting to Dean Bellissimo
Fidelity Management and Research hires Hawes
Foreign exchange industry veteran joins the buy side
UBS veteran takes top FX sales role at RBS
After a year-long break from the industry, Ed Hulina joins Royal Bank of Scotland to head up FX and emerging markets sales in the Americas
StanChart’s global head of Ficc departs
Remy Klammers has left Standard Chartered and is understood to be starting his own business
RBS adds bank sales to US e-commerce role
Matt Thomas, head of Ficc e-commerce in North America, is to take on responsibility for aligning the bank’s electronic product with the needs of bank clients