Trading
TD Securities: Euro will benefit most from QE
TD Securities has topped this week’s three-month currency forecast rankings based on expectations for the eurozone sovereign debt crisis to drive ongoing euro weakness.
Savi Asset Management launches in October
LONDON - Proprietary trading company Savi Trading (Savi) will launch a managed account service for FX and equity traders in October under the banner Savi Asset Management (SAM).
Barclays Capital boosts prime brokerage distribution
NEW YORK & LONDON - Barclays Capital is boosting sales coverage of foreign exchange product as part of the expansion of its cross-asset prime services business.
SocGen makes key options hire in London
LONDON - Société Générale has hired Tariq Haider in London as head of the options desk, according to market sources.
Future of OTC operational commitments under review
OTC derivatives legislation prompts rethink of industry letters to the New York Fed
Citi opens China desks overseas as companies expand
Citi has opened hedging desks in Johannesburg, London, Sao Paolo and New York to help Chinese multinationals with hedging, cash management, trade and treasury services, and lending activities.
Asia-Pacific CVA Forum: Singapore live with CVA, Korea next?
Domestic banks in Singapore are starting to set up CVA desks at the behest of their regulator, but elsewhere in Asia there are significant obstacles to CVA.
Trading Places, October 4, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
Icap attracts 15 counterparties to yuan trading
HONG KONG - Fifteen banks have signed up to trade USD/CNY on electronic broking system EBS Spot within the first week of launch, as the broker prepares to extend yuan trading against the euro, yen, Hong Kong dollar and Swiss franc in coming weeks.
15 minutes with: Stacy Williams, HSBC
Senior quant discusses the high levels of cross-asset correlation across today's markets
Wells Fargo: Commodity currencies power ahead
Wells Fargo topped this week’s one-month currency forecast rankings with expectations for commodity and emerging market currencies to benefit from the US Federal Reserve policy of maintaining high levels of liquidity.
Panellists: Back-office systems integration a must
Speakers at the London SunGard City day held in London agreed the increasingly global nature of clients' requirements calls for more unified and integrated back-office systems
Westpac builds out staff globally
Westpac has made a series of hires in London and New York to better support its clients in the northern hemisphere, said Richard Attrill, the bank's London-based head of FX, commodities, carbon and energy for the UK and Europe.
Trading Places, September 27, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
UBS sources another ex-BarCap talent
UBS is continuing its senior management restructure with the hire of Andrew Kaufmann from Barclays Capital (BarCap) as global head of FX structuring, confirmed an internal bank source.
BAML continues restructure; evolves to meet regulations
NEW YORK - Bank of America Merrill Lynch (BAML) continues to reorganise its business post-merger and ahead of forthcoming regulations, resulting in management changes in FX and the launch of a futures and derivatives clearing service.
Let CCPs compete, Isda conference told
Competing for business will not fatally undermine derivatives clearing – as long as the system is well regulated, speakers claim
DBS outlines ambitions amid competition for Asia business
SINGAPORE - Singapore’s DBS Bank is investing S$250 million into its treasury and markets (T&M) business as part of ambitions to become a leading Asian currency and fixed-income house.
China not likely to relent over yuan
Michael Derks, chief strategist at retail trading company FxPro in London, says US disappointment with the pace of yuan appreciation looks set to continue
Global growth slows and assets shift
The hunt for yield is an increasingly important driver of FX, says Callum Henderson, global head of FX research at Standard Chartered in Singapore
Banks bags top sales job at BNPP
LONDON – Clive Banks has been promoted to the new role of global head of FX and local market sales at BNP Paribas in London, the bank confirmed today (Tuesday 21).
SGX AsiaClear aims to be Asia's CCP for rates and FX swaps
SGX president Muthukrishnan Ramaswami says the new interbank OTC clearing service for Singapore and US dollar interest rate swaps will target Asian banks as a start, and soon global investment banks that trade with Asian counterparties. Asian local…
Service outage hits Barclays Capital's first OTC clearing client
Client clearing glitch highlights the complexity of what is expected to be a major new business.
RBC gets bullish on USD
RBC Capital Markets tops this week’s one-month currency forecast rankings due to a bullish view on the yen.