Foreign exchange
Credit Suisse launches enhanced FX prime-brokerage platform
Credit Suisse launched its enhanced foreign exchange prime-brokerage platform today (November 30), facilitating global clearing and execution solutions to hedge funds, asset managers and other financial institutions.
Former Icap director resurfaces
Simon Williams, former FX sales director at Icap, has re-emerged at VTB Capital's fixed-income sales desk in London.
Currency traders prepare for worsening crisis
Currency traders are bracing for further downside risk to the euro, with a surge in euro put sales as the Irish banking crisis worsened last week.
Icap completes first cross-region CNH trade on EBS
HONG KONG - Icap has announced it has executed the first cross-region Chinese yuan trade over electronic broking system EBS.
Gulf currency volumes improve on TR Matching
Gulf Co-operation Council (GCC) currency volumes on Thomson Reuters' Spot Matching Service are picking up, but more market-makers are needed on the system, according to bank sources in the region.
China: Monetary tightening to increase
Dariusz Kowalczyk, senior economist, Asia ex-Japan, at Crédit Agricole believes the People’s Bank of China is only at the beginning of a scramble to control prices
The euro: Thinking the unthinkable (again)
Simon Derrick, chief FX strategist at the Bank of New York Mellon, revisits the idea of opting out of the euro
smartTrade upgrades clients with StudioAir
smartTrade is migrating clients from smartTrade Studio to StudioAir, an upgraded version of its front-end trading application that enables traders to customise desktop views.
BarCap loses emerging markets chief in New York
Barclays Capital has lost its emerging markets trading chief in the US, amid speculation of a replacement.
SDX expands exotics options
SuperDerivatives is capitalising on increased risk appetite for exotic options with the launch of new correlation products on its multi-asset pricing system, SDX, in the first quarter of 2011.
Trading Places, November 29, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
Wells Fargo puts faith in commodity currency growth
Wells Fargo topped this week's three-month forecast rankings with expectations for moderate US dollar weakness against a backdrop of increased instability in Europe, the UK and Japan.
RBC rebuilds sales team, adds FX veteran Baune
Royal Bank of Canada is continuing to bolster its global sales force, with the hire of an industry veteran in London.
Pinto returns to Goldman Sachs
Goldman Sachs continues to build in electronic commerce sales in New York.
BAML hires Vamvakidis as new strategy head for Europe
Athanasios Vamvakidis has joined Bank of America Merrill Lynch (BAML) Global Research, London, as head of European G-10 foreign exchange strategy, reporting globally to David Woo, head of global rates and currencies research in New York.
A call for closure
Indications of the multiplicity of challenges that central clearing will introduce to the forex markets came thick and fast at the FX Week Europe congress in London last Tuesday (November 16).
Trading Places, November 22, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
UBS hires in options trading
Swiss bank UBS has hired two new options traders to its Stamford trading floor, the bank has confirmed.
HSBC wins Schaeffer from BAML in new US options role
HSBC has hired Burt Schaeffer as its North America and Latin America currency options trading chief.
Morgan Stanley loses options trader in London
Andrew Mayer, an executive director at Morgan Stanley and member of the bank's options business in London, has left the bank, according to market sources.
Pension funds boost investment in FX
Pension funds are increasingly investing in FX as an asset class, said Thanos Papasavvas, head of currency management at Investec Asset Management, at last Tuesday's (November 16) FX Week Europe conference in London.
BAML promotes Rolfe as London FX sales chief
Matthew Rolfe has been promoted to head of FX sales to UK corporates at Bank of America Merrill Lynch (BAML), following the resignation of Paul Hart earlier this month.
Custodians challenge FX prime brokers in clearing landscape
Custodian banks will become the biggest threat to FX prime brokers if clearing is introduced to foreign exchange, according to Jason Vitale, global head of dbClear FX - FX prime brokerage and clearing at Deutsche Bank.