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BNP Paribas readies for FXPB
NEW YORK - BNP Paribas kick-started its entry into the foreign exchange prime-brokerage (FXPB) market with the arrival of the former AIG FXPB team last Monday (June 22) (FX Week, May 4). ![]()
Icap upgrades EBS Spot
LONDON - Interdealer broker Icap has made two enhancements to spot-broking system EBS Spot, with a further two scheduled for next month. ![]()
FXecosystem readies FX Network launch
NEW YORK - Officials at foreign exchange connectivity provider FXecosystem plan to take its communications fabric for banks, buy-side traders and FX ECNs live next month, with three buy-side clients and 10 liquidity providers. ![]()

South Korea: emphasis on restructuring
Last Friday (June 19), the Financial Supervisory Service (FSS) in South Korea held the first ‘FSS speaks' in Seoul to present an overview of the future direction of financial supervision in Korea to foreign participants, while also discussing key issues of common interest. ![]()
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Citi raids UBS to target banks
LONDON & ZURICH - Citi is hitting at the core of UBS's foreign exchange business with up to nine hires, which includes the Swiss dealer's banks team globally. 
BoA and Deutsche shake-up e-FX
NEW YORK - Bank of America (BoA) and Deutsche Bank have realigned the senior management of their electronic foreign exchange businesses, and have seen senior departures from the banks in New York and London. 
Dresdner reshuffles FX sales and trading
LONDON & NEW YORK - Dresdner Kleinwort has restructured its London and New York foreign exchange sales and trading team, splitting the trading and sales operations. 
SEB wins with positive sterling stance
SEB has risen to the top of this week's one-month currency forecast rankings by taking a bullish stance on sterling following efforts by the UK government to stabilise the economy. ![]()
An emerging winner
Paul Fyda, emerging markets specialist at Brown Brothers Harriman in New York, looks at the regulatory pressures facing participants in Brazil's foreign exchange market ![]()
Credit Suisse changes its spots
ZURICH - Credit Suisse has embarked on a second reorganisation of its spot foreign exchange risk management and trading teams in Zurich, in an effort to capitalise on burgeoning opportunities across electronic commerce and third-party business. ![]()