Trading
Otkritie poaches MDM's FX Team
A new force in Russian FX is making its presence felt.
ABN Amro set to restart 24h forex business
ABN Amro is set to re-launch its 24-hour trading capabilities next month, as it aims to regain clients lost after the Royal Bank of Scotland (RBS) acquired its foreign exchange business in 2007.
Asia live with pooled reserves fund
HONG KONG – Asia took a crucial step towards regional independence with the introduction of $120 billion in reserve funds under the Chiang Mai Initiative Multilateralisation (CMIM) arrangement, last Wednesday (March 24).
EBS contemplates new direction
Interdealer broker Icap is continuing to evaluate ways to expand its business proposition, perhaps employing the more technology vendor-approach taken by rival platforms Currenex and FXall.
Greek bailout fails to inspire FX traders
The Greek bailout fails to appease forex traders
Weiss and Dechpokket depart Credit Suisse
Credit Suisse loses two more options traders
Nordea eyes retail FX
Nordic seeks uncorrelated flow
Trading Places, March 29, 2010
People moves
Currenex loses CTO
Gilman heads to pastures new
Corporate hedge ratios reach record levels
JP Morgan corporate survey released
Barclays Wealth adds to retail FX system
LONDON - Barclays Wealth has upgraded its retail foreign exchange trading platform, BarxDirect, as it prepares for the rollout of exotic Asian currencies next month.
SuperDerivatives builds out exotic options
SuperDerivatives adds to its exotic options offering.
RBS appoints Asia sales chief
UK bank regains Asia sales leadership
BarCap loses Longmore
LONDON - Richard Longmore, European head of institutional foreign exchange sales, has left Barclays Capital after weeks of speculation from market sources.
Milan derivatives fraud trial hinges on banks' sums
Technical arguments over derivatives valuation will determine the fate of the four banks facing an Italian mis-selling trial in May.
Central bankers see reserve currency future for renminbi
The renminbi will over the long term become a reserve currency, according to a survey of central bank reserve managers carried out by Incisive Media's Central Banking Publications in autumn 2009.
FX e-options take off says Tullett Prebon
Regulation is driving an uptick in the volume of electronically traded currency options.
Credit Suisse seeks trading chief
Delelis heads to buy-side
StanChart goes 24 hours for e-African currencies
Standard Chartered has extended its online coverage of African currencies to 24 hours daily, with tenors of up to one year for liquid and unrestricted currencies.
Smaller banks shut out by new regulations
A heavy regulatory burden will have the unintended effect of killing off competition, according to speakers at a conference held in London last week.
Société Générale re-builds FX trading
O'Sullivan set to join as co-head of trading