Trading
Risk aversion sinks Saxo full-year results
Saxo Bank's full-year results show a shift in trading patterns in the second half of the year.
BAML maintains balance in real money
LONDON & NEW YORK - Bank of America Merrill Lynch (BAML) has lost a senior real-money salesperson in London but has gained in New York.
Wells Fargo boosted by US recovery
Wells Fargo has topped the three-month year-to-date index this week with a consistent dollar-bullish approach. Nick Bennenbroek, head of currency strategy at Wells Fargo in New York, attributed its forecast to economic factors and market positions.
Trading Places, April 12, 2010
This week's people moves in the global FX market.
White-labelling: Why re-invent the wheel?
Christian Bock, managing partner of Consulting for Banking and Brokerage Solutions (CBBS) in Zurich, looks at the benefits of using a white-labelled platform and the issues to consider when choosing one
29West upgrades Gateway
CHICAGO – Messaging technology provider 29West, which was recently acquired by California-based integration software vendor Informatica, is planning to release a new version of its Gateway message-routing product to early adopters this quarter, which…
Morgan Stanley: inverted swap spreads will alter pension fund hedging
The inverted swap spread, where medium and long-term government bond yields exceed corresponding swap rates, is set to persist and will prompt a shift in the interest rate hedging stratagies of UK pension funds and insurers, according to US bank Morgan…
Clearing exemption too close to call
Exempting commercial hedgers from mandatory clearing could create a loophole for the institutional investors often blamed for driving up commodity prices, according to the chief lawyer for the Commodity Futures Trading Commission (CFTC), reports Risk.net.
Anselmetti takes up BarCap offer
Goldman Sachs loses key sales personnel
Casini quits RBS
Enrico Casini, head of institutional foreign exchange sales for Europe, the Middle East and Africa and head of central banks sales, left Royal Bank of Scotland last week, say internal bank sources.
Morgan Stanley: Prioritising FXPB
Competition in the foreign exchange prime brokerage market remains competitive, as new businesses fill the vacuum left by the withdrawal of incumbent providers and clients spread counterparty risk following the 2008 credit crisis.
Morgan Stanley plays the Japan card
Morgan Stanley’s FX prime brokerage business has gained a strategic advantage in the Japanese market through a new partnership with Japanese heavyweight Mitsubishi UFJ Financial Group (MUFG).
Traders position for yen weakness
LONDON - The close of the Japanese financial year sparked a flurry of activity at options desks last week, as speculators and hedgers bought USD/JPY calls with expectations for the yen to continue its losing streak versus the greenback.
Deutsche in drive for US sales growth
Deutsche Bank has made two senior hires in its North America foreign exchange team: David Paster and Linda Crish.
BAML builds out UK corporate sales
LONDON – Bank of America Merrill Lynch (BAML) is expanding its UK FX corporate sales team with the hires of Matt Rolfe and Nick Hardy in London.
UBS loses three in sales
LONDON & STAMFORD, CT - UBS has lost three salespeople on both sides of the Atlantic in the past fortnight. All are due to set up shop at rival camps.
Ta Chong Bank to implement FinIQ structured products solution
TAIPEI - Ta Chong Bank, Taiwan (TCB) is going live with technology from FinIQ to manage currency-linked investment products sold through its treasury and branch network.
Informa: Yen set to regain funding crown
Informa topped the one-month currency forecast rankings this week with a dollar-bullish view.
Trading Places, April 5, 2010
Read this week's people moves in the FX market across London, New York and Hong Kong.
Sovereign debt and LatAm-related hedging key for Spanish dealers
Spanish dealers explain how hedging related to sovereign debt issuance and Latin America will be key revenue sources in 2010
BarCap loses Mihocko-Tierney to BAML
BAML gains in electronic commerce and investor sales
BNP Paribas: Liquidity withdrawal key to dollar recovery
BNP Paribas has topped the 12-month currency forecast rankings by focusing on the long-lasting effect of central bank liquidity measures.