Trading
Banks welcome launch of CNH fixing
Treasury Markets Association launches USD/CNH spot fixing today, with quotes provided by 15 banks and the rate calculated by Thomson Reuters
Banks and ECNs join forces to prevent FX flash crash
Citi, JP Morgan and Morgan Stanley join Deutsche Bank on Traiana's enhanced CreditLink service
Westpac recruits Townsend and Cameron in FX forwards
Townsend joins from Commerzbank and Cameron from Barclays Capital
UGS signs Kiwi start-up as first client
Start-up currency firm ForexAtom deploys Unified Global Solutions' new Adaptware platform
Wintersgill quits BAML
Institutional FX sales head follows his boss to the door
Oanda lands in London
Managing director Antony Broadbent tells of plans to continue a move into institutional FX
Crunch time for the US dollar, says Barclays Capital
US economic issues overshadowed by the eurozone crisis will return to the fore in Q3 and push US dollar depreciation, according to quarterly report
Icap hits record CNH volumes
Average daily volumes on EBS in June double those in May, with a record $92 million traded on June 17
Gu to retire from BAML
Gerhard Seebacher appointed head of global rates, foreign exchange and structured credit trading
DTCC and Swift eye FX trade repository
New York-based group set to develop trade repository for every other OTC asset class and has pitched for FX in partnership with Swift
Kx Systems targets FX participants with database technology
Client talks of the importance of thorough data cleansing and analysis in an environment of increasing FX volumes and tougher regulation
Spotlight on: Tod Van Name, Bloomberg
Bloomberg’s global head of foreign exchange talks to Chiara Albanese about the company’s progress since it entered the FX market in 2000, and how it is preparing for regulatory change and the advent of Sefs
Alior’s new ECN off to a flying start in Poland
Alior Trader already seeing daily turnover of $100 million per day
Lack of liquidity could hinder offshore RMB centres
Former US Treasury official cautious on prospects for offshore renminbi
SmartLive Markets introduces new price feed index
Application developed through partnership between technology vendors Swissrisk Financial Systems and Gold-i
Australian regulators suggest clearing exemption for FX
Reserve Bank of Australia discussion paper commits to harmonising rules with US and Europe
European corporates wary of RMB settlement
UK government pushing for London to become a centre of offshore renminbi trading, say conference speakers
Revolving doors in Credit Suisse sales
Gary Dhami joins Swiss bank as Graeme Henderson departs
Silver quits Morgan Stanley for Deutsche
Co-head of North American FX sales to begin senior sales role at Deutsche Bank in September
Bloomberg taps into Malaysian foreign currency sukuk market
Vendor has partnered with the Malaysian central bank to launch the new index
Parry and Park join BAML
Both will work in FX e-commerce
Banks monitor FX options trading following Thomson Reuters withdrawal
Market-makers continue to focus on emergence of new multi-bank options platforms that will enable them to comply with new regulations
Making the case for Asian currencies
Callum Henderson, global head of FX research at Standard Chartered in Singapore, believes Asia is better insulated from the economic downturn than in previous cycles and investors should maintain allocations to the region’s currencies
Deutsche promotes Hitchon to run Markets Clearing
Roger Naylor to succeed Hitchon as co-head of global prime finance