Foreign exchange
Citi appoints bank sales chief
Citi has restructured its FX sales desk with the promotion of Bapi Maitra to global head of bank sales in New York.
BNP Paribas live on Harmony Netlink by next week
BNP Paribas will go live on Traiana's Harmony Netlink by next week pending test results, according to Marco Baggioli, European head of FX prime brokerage at the bank in London.
Trading Places, November 8, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
RBS focuses on risk factors from emerging markets
Royal Bank of Scotland (RBS) has topped the 12-month historical index for the fourth week in a row by factoring in risks of a second round of quantitative easing and currency intervention in Asia.
Hong Kong will not abandon dollar peg: HKMA’s Chan
Hong Kong Monetary Authority chief executive Norman Chan says central bank will maintain dollar peg
CME hires from CLS
CME Group has found a new managing director and global head of FX, according to market sources.
BNP Paribas hires Sinsheimer
Allen Sinsheimer has joined BNP Paribas as head of the institutional client group for Europe in London. He reports locally to Arne Groes, global head of fixed-income sales.
Short-volatility strategy wins in October
Currency managers using the short volatility strategy were the best performers in October, indicates research from Royal Bank of Scotland.
Commerzbank continues global build in trading and sales
Commerzbank has boosted its rates division with a series of hires across sales and trading in London, New York and Singapore.
smartTrade launches LiquidityConnect for FX
Liquidity management software vendor smartTrade Technologies has launched LiquidityConnect for FX, it announced on November 2.
In Brief, 1 November, 2010
Read this week's In Brief to stock up on the latest technology news around the FX world.
Deutsche first client on Traiana Harmony for ETD
Deutsche Bank is the first bank to go live with Traiana’s new Harmony network to manage exchange-traded derivatives (ETD), it announces today (November 1).
New MD joins BlackRock
Les Gosling has joined BlackRock as managing director in the BlackRock Solutions team in London.
FXall and EBS roll out fractional pricing
Fractional pricing is being rolled out at FXall across 72 currency pairs, including EUR/USD, on November 1 as EBS continues its phased rollout.
Trading Places, November 1, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
Parker FX: Rules-based currency managers rule in September
The Parker FX Index made a return of 1.64% in September, as currency markets favoured the euro and commodity currencies over a depreciating dollar.
BNPP: Euro value to drop following G-20 meeting
BNP Paribas (BNPP) has topped this week’s one-month forecast rankings with a bearish dollar stance amid threats of further quantitative easing (QE) from the Federal Reserve.
Deutsche takes the top spot for FX in Q3
ZURICH & FRANKFURT – Deutsche Bank has proved its FX credentials by being the only bank so far to report higher FX year-on-year revenues for the third quarter, despite lower volatility and tight spreads.
In Brief, October 25, 2010
Read this week's In Brief to stock up on the latest technology news around the FX world.
Conference speaker laments renminbi demand outstripping supply
Demand for the renminbi is outstripping supply since the unit began trading globally earlier this month, according to a trader speaking at conference held under Chatham House rules in London on October 21.
Spot FX faces clearing threat
Spot foreign exchange faces unnecessary clearing to avoid discrepancies on banks’ books, according to speakers at Global Insight Forum: The impact of regulation on the global OTC market, held in London on October 19.
Crédit Agricole bullish on commodity currencies
Crédit Agricole dominates this week’s one-month historical forecast index, after a consistently first-rate performance throughout the year.
Hotspot FX reports September year-on-year growth
Hotspot FX reported a 17.1% rise in average daily volumes to $33.8 billion – double count – in September, versus $28.8 billion in September last year.
IBFX launches in Australia
Retail foreign exchange trading company Interbank FX (IBFX) has opened a subsidiary office in Sydney, it announces today (October 25).