Trading
James Fauset leaves Goldman Sachs for Brevan Howard
James Fauset, head of hedge fund sales at Goldman Sachs in London, has left the investment bank for hedge fund Brevan Howard.
No market left untouched by regulatory clampdown
Few participants in the FX market seem to dispute the evolution of new regulations will be one of the biggest themes of 2011, but attention has tended to focus predominantly on Washington, DC and Brussels over the past year.
Standard Bank restructures London FX
Standard Bank is merging its London FX business with its local markets business, the South African bank has confirmed.
Spotlight on: Jeremy Hill, Royal Bank of Scotland
FX Week speaks to Jeremy Hill, head of FX and money market operations at RBS in London
Further BarCap departures emerge
Further departures from Barclays Capital (BarCap) in London have emerged as the bank reorganises its foreign exchange business and trims its workforce.
Standard Chartered talks Turkey
Standard Chartered in Dubai has set up a forex desk focused on Turkey, it announced on January 24.
RBC to roll out decimalisation on FX Direct
RBC Capital Markets plans to launch decimalised pricing in the second half of the year on its single-dealer platform, FX Direct, bringing it into line with banks including Deutsche Bank, Royal Bank of Scotland, Citi and Barclays Capital.
SuperDerivatives moves to improve options pricing transparency
Client push for more transparency in pricing methodology drives vendor to add new models and publish secret source code.
SEB: Swiss franc will weaken
Scandinavian bank SEB topped this week's one-month currency forecast rankings with a focus on fundamental, technical and quantitative analysis.
Trading Places, January 31, 2011
Read this week's Trading Places to catch up on people moves across the FX world.
A year of change and opportunity
The regulations on foreign exchange markets have yet to be fully clarified, but indications are already emerging as to who the winners and losers might be.
Fourth-quarter results a mixed bag for US banks
US dealers reported widely differing results for the fourth quarter of 2010 as competition returned to the market.
Trading Places, January 24, 2011
Read this week's Trading Places to catch up on people moves across the FX world.
Eight pilot SurfaceExchange FX derivatives platform
SurfaceExchange is piloting its anonymous FX derivatives trading platform with eight traders and plans to go live at the end of the first quarter.
ANZ gets Moore from Barclays Capital
ANZ has hired Paul Moore, a former Barclays Capital emerging markets trading head, alongside other FX appointments Christophe Massa and Thomas Mummert, according to market sources.
Back to the future
Lutz Karpowitz, currency strategist at Commerzbank in Frankfurt, asks whether Hu Jintao is right in saying the current global currency system is a product of the past
Israel clamps down on forex derivatives
The Bank of Israel (BoI) has joined the growing number of emerging market central banks to introduce tougher regulations on forex to battle the rise in speculative trading.
Foreign exchange concerns prompt investors to seek diversification
People on the buy-side give their thoughts on the prospect of a currency war, as central banks grapple with the problem of how much to intervene in their FX markets
RBS targets US growth
Royal Bank of Scotland has topped this week's 12-month historical index by maintaining that the global recovery would not be derailed by intensifying problems in the eurozone periphery.
Delelis finds a new home
Former head of spot and proprietary trading at Credit Suisse Alain Delelis has been hired by proprietary trading firm First New York Securities in New York (FX Week, March 22, 2010).
SocGen strengthens strategy team
Société Générale has strengthened its foreign exchange strategy team with three new hires in London, following the departure last year of senior FX strategist Valentin Marinov in London.
Post-restructuring movement at BarCap
Barclays Capital continues to reorganise its foreign exchange business with a promotion, while news of more departures from the business emerge.