Foreign exchange
FX options clearing will be challenging, Afme panellists warn
Conference speakers discuss the investment needed to meet requirements for central clearing of FX options.
Deutsche Bank’s Q4 results show strong performance in FX
Deutsche Bank published its fourth-quarter results on February 3, revealing its sales and trading net revenues, which include FX, had increased to €1.6 billion from €1.2 billion in the fourth quarter of 2009.
Thomson Reuters: further dollar weakness ahead
Thomson Reuters – IFR topped this week’s one-month currency forecast rankings with expectations the US dollar would weaken in the first weeks of 2011.
SuperDerivatives expands in Asia sales
Agnes Tan has joined derivatives pricing technology vendor SuperDerivatives as head of strategic sales for Asia, based in Singapore.
Trading Places, February 7, 2011
Read this week's Trading Places to catch up on people moves across the FX world.
BNP Paribas restructures FX business in New York
BNP Paribas is continuing to restructure its FX business in New York, according to a senior official at the bank.
Danske Bank hires Cioffi and plans global build
Danske Bank has hired Raffaele Cioffi to its spot trading desk in Copenhagen and plans to expands its global presence.
HMT's Hoban: Beware of sweeping forex into EU derivatives reform
Advocates of an exemption from mandatory central clearing requirements for foreign exchange swaps and forwards have won the support of the UK government, as a senior treasury official admits to the risks inherent in regulating FX in the same way as other…
London retains premier spot in FX, according to volume figures
London remained the biggest financial centre for FX in 2010 according to volume figures published globally on January 31, despite speculation it would be overtaken as a result of the UK government's clampdown on bonuses.
James Fauset leaves Goldman Sachs for Brevan Howard
James Fauset, head of hedge fund sales at Goldman Sachs in London, has left the investment bank for hedge fund Brevan Howard.
No market left untouched by regulatory clampdown
Few participants in the FX market seem to dispute the evolution of new regulations will be one of the biggest themes of 2011, but attention has tended to focus predominantly on Washington, DC and Brussels over the past year.
Standard Bank restructures London FX
Standard Bank is merging its London FX business with its local markets business, the South African bank has confirmed.
Spotlight on: Jeremy Hill, Royal Bank of Scotland
FX Week speaks to Jeremy Hill, head of FX and money market operations at RBS in London
Further BarCap departures emerge
Further departures from Barclays Capital (BarCap) in London have emerged as the bank reorganises its foreign exchange business and trims its workforce.
Standard Chartered talks Turkey
Standard Chartered in Dubai has set up a forex desk focused on Turkey, it announced on January 24.
RBC to roll out decimalisation on FX Direct
RBC Capital Markets plans to launch decimalised pricing in the second half of the year on its single-dealer platform, FX Direct, bringing it into line with banks including Deutsche Bank, Royal Bank of Scotland, Citi and Barclays Capital.
SEB: Swiss franc will weaken
Scandinavian bank SEB topped this week's one-month currency forecast rankings with a focus on fundamental, technical and quantitative analysis.
Trading Places, January 31, 2011
Read this week's Trading Places to catch up on people moves across the FX world.
A year of change and opportunity
The regulations on foreign exchange markets have yet to be fully clarified, but indications are already emerging as to who the winners and losers might be.
Fourth-quarter results a mixed bag for US banks
US dealers reported widely differing results for the fourth quarter of 2010 as competition returned to the market.
Trading Places, January 24, 2011
Read this week's Trading Places to catch up on people moves across the FX world.
ANZ gets Moore from Barclays Capital
ANZ has hired Paul Moore, a former Barclays Capital emerging markets trading head, alongside other FX appointments Christophe Massa and Thomas Mummert, according to market sources.
Back to the future
Lutz Karpowitz, currency strategist at Commerzbank in Frankfurt, asks whether Hu Jintao is right in saying the current global currency system is a product of the past