Foreign exchange
Standard Chartered: EM currencies will come out top in 2011
Standard Chartered topped the one-month currency forecast rankings on expectations for further euro hardship.
Trading Places, June 14, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
Commerzbank in e-FX build
Commerzbank is deepening its footprint in the electronic foreign exchange market with key appointments in London.
Neal jumps ship to Nomura
LONDON – Michelle Neal, global head of electronic commerce, rates and capital markets at Royal Bank of Scotland (RBS), has left the bank, confirmed an internal source.
Euro decline continues
LONDON - The euro hit a four-year low against the dollar last Friday (June 4), sparking a rise in options prices as the unit edges further towards the 1.2000 barrier.
Rabobank finds new global FX strategy head
LONDON – Rabobank has hired Jane Foley to replace Jeremy Stretch as global head of FX strategy in London, according to market sources.
JP Morgan, Merrill Lynch fined for segregation and supervision failures
LONDON & HONG KONG – The UK Financial Services Authority (FSA) and the Hong Kong Securities and Futures Commission (SFC) have fined JP Morgan and Merrill Lynch, respectively, for accounting failures.
TwoFour expands global sales team
LONDON & NEW YORK – Two Four, an FX and treasury cash management technology vendor, has hired two sales managers to expand its business globally, it was announced on June 3.
FX industry creates lobby group
BRUSSELS - The Association for Financial Markets in Europe (AFME) is establishing a representative group for foreign exchange participants, amid the threat of increased forex regulation.
Crisis a boon to spot brokers, volumes up 60%
LONDON - Electronic spot-broking systems EBS Spot and Thomson Reuters saw a 60-65% surge in average daily volumes in May, reflecting a return to traditional liquidity sources during times of crisis.
Trading Places, June 7, 2010
Read this week's Trading Places to catch up on people hires and departures across the FX world.
The euro's new clothes
Nick Beecroft, senior markets consultant at Saxo Bank in London presents a gloomy prediction of the next phase in the 2007-2010 debt crisis
Trend followers power through in May
LONDON - Currency managers using the trend strategy were the best performers in May, with an overall net movement into the US dollar, indicates research by Royal Bank of Scotland.
JP Morgan: Commodity currencies will rally
JP Morgan topped the one-month currency forecast rankings this week with a focus on differing policies.
Canadian banks post lukewarm Q2 forex results
TORONTO - Canadian dealers reported a mixed bag of second-quarter results ending April 30.
Latin America: Looking beyond the correction
Morgan Stanley analysts believe there will be scope for a recovery in emerging market assets once the positioning becomes more balanced – primarily with respect to real-money investors, which will mean a bit of repricing
Rinehart quits Standard Chartered
NEW YORK – Paul Rinehart has resigned from Standard Chartered in New York, where he was a vice-president and head of institutional FX sales for the US.
Thomson Reuters Spot Matching launches new Arab currencies
DUBAI – Thomson Reuters launched three new Gulf Co-operation Council (GCC) currencies in April on its Spot Matching system, in response to customer demand.
Sijbrandij calls time at Goldman Sachs
LONDON - Robbert Sijbrandij, vice-president and head of European real-money FX sales at Goldman Sachs in London, has left to join HSBC in the City.
April a pleasant month for ParkerFX
STAMFORD, CT – The Parker FX Index is reporting a 0.52% return for the month of April as managers benefited from the continued decline in European currencies.
BarCap beefs up in the US, but loses in Europe
NEW YORK - Barclays Capital has boosted its sales coverage in the US with the hires of Mike Testa, Marlena Demenus, James White and David Weiss in New York and San Francisco.
Aspen wins with technical analysis in murky conditions
Aspen Trading topped the one-month currency forecast index for the first time ever with a sole focus on technical analysis.
Trading Places, May 31, 2010
Read this week's Trading Places to catch up on the latest people moves across the FX world.
In Brief, May 31, 2010
Read this week's In Brief to catch up on the latest FX technology news.