Foreign exchange
Widmer out as Citi rolls in new e-commerce team
NEW YORK & ZURICH - Citi has established a new G-10 FX electronic commerce relationship management team, shortly after two senior FX managers resigned from the bank.
CFTC retail FX rules fail to curb offshore trading
WASHINGTON, DC - The US Commodity and Futures Trading Commission's (CFTC) compromise to limit leverage on retail FX trading accounts to 50:1 from a proposed 10:1, is unlikely to curb the shift of retail business offshore, according to market participants.
RBS hires in prime brokerage from BarCap
STAMFORD, CT - Royal Bank of Scotland is expanding the Americas coverage of its prime-brokerage business with the hire of Matthew Shuman to its fixed-income, currencies and commodities (FICC) prime brokerage team.
Trading Places, September 6, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
Citi appoints Asia ex-Japan strategy chief
Citigroup appointed Patrick Perret-Green as head of FX and local markets strategy for Asia, ex-Japan.
Morgan Stanley builds out structuring
Morgan Stanley has hired Stefano Diamantini from JP Morgan in London, in a bid to improve its FX structuring capabilities, according to market sources.
Barnes bows out of RBS
Royal Bank of Scotland (RBS) has suffered a double blow with the departure of its global head of FX, Mark Barnes, in London and Christiane Mandell, head of RBS' Latin American businesses in Mexico and Brazil, based in Stamford, Connecticut.
Westpac stays euro-bearish, dollar-bullish
Westpac topped the three-month rankings by maintaining a euro-bearish, dollar-bullish stance.
Best at FX Bridge
ATLANTA, GEORGIA – Stephen Best joined FX Bridge Technologies as chief executive this month.
Trading Places, August 23, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
BNP Paribas builds in options in bid for top five position
NEW YORK & SINGAPORE - BNP Paribas has made three new FX options hires in New York and Singapore, the bank said on August 18.
Interview with Jon Levy on Wall Street regulation
FX Week reporter Farah Khalique talks to Eurasia's Jon Levy about the risks change creates within the global regulatory framework
Interview with Erik Lehtis on prime brokerage
Erik Lehtis speaks to FX Week reporter Farah Khalique about the advent of new regulations in the prime-brokerage arena
Interview with IDB's Amir Tal on the tech arms race
Amir Tal speaks to FX Week's Farah Khalique about how smaller financial services firms keep up with their larger rivals
Interview with Udi Sela of SuperDerivatives
FX Week's Farah Khalique asks Udi Sela about the impact of increased regulation on foreign exchange traders
Interview with ex-AIG lynchpin on FX prime brokerage
Nathaniel Litwak, BNP Paribas' head of marketing for FX Prime brokerage for North America, speaks with FX Week reporter Farah Khalique
HSBC on global hiring spree
TOKYO, SINGAPORE, SEOUL & LONDON – HSBC has made a series of hires across foreign exchange trading and sales in Asia and Europe, it confirmed on August 17.
Currency managers embrace risk in July
STAMFORD, CT - The Parker FX index made a return of 0.54% in July, as currency markets ditched the dollar for riskier assets amid improving European news and weaker US economic data.
Bringing exchange values to OTC
The International Organisation of Securities Commissions (Iosco) published its principles for direct electronic access to markets last Friday (August 13). The guidelines don’t affect foreign exchange but raise some interesting points.
Hotspot FX continues year-on-year growth
JERSEY CITY, NJ - Hotspot FX reported average daily volumes of $33 billion – double count – in July, up 55% from $21.30 billion a year earlier.
Deutsche in sales build-up
LONDON - Deutsche Bank has boosted its sales coverage of corporate and institutional clients with eight hires in recent weeks.
Trading Places, August 16, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
CBA on top as eurozone attempts to resolve debt crisis
Commonwealth Bank of Australia (CBA) topped the three-month forecast rankings with expectations for the euro to get a boost by some resolution of the eurozone sovereign debt crisis.
Lloyds hires new head of risk solutions
LONDON – Lloyds TSB Corporate Markets has hired Yuri Polyakov in London as head of risk solutions, reporting locally to Patrick Shone, head of structuring.