BNP Paribas
Corporates fall on tough times
The recent volatility in foreign exchange markets has caused uncertainty for corporate treasurers and led to some changes in their strategies. How are banks helping corporates to tackle the current challenges and the increased costs that will result from…
Eurozone deal brings relief in FX spot and options
Risk sentiment appeared to make a comeback in FX markets yesterday as options volatility fell from record highs and the euro rallied in response to the deal announced after the Euro Summit in Brussels
Chase takes on head sales role at BAML
John Chase becomes Bank of America Merrill Lynch's new head for Europe, the Middle East and Africa corporate derivatives sales
BNP Paribas promotes Famery to replace Chase
Fabrice Famery assumed role of head of European corporate rates and FX in September
G-10 troubles fuel sell-off in EM currencies
Declining risk appetite and a flight to quality have driven a sell-off in some emerging market currencies and pushed up the cost of hedging, say participants
Urbanek departs BNP Paribas
Peter Urbanek worked in hedge fund sales in London
Electronic FX trading in Asia may switch to multi-dealer platforms
The Asian FX derivatives business is expanding rapidly, driven by increased participation from financial institutions and hedge funds. While single-dealer platforms have increased market share over the past few years, incoming regulation could force FX…
In Brief, September 19, 2011
Technology news from Citi, Integral, Gold-i and ForexManage announced in the past week
BNPP recruits Goodwin to head corporate sales in New York
Deron Goodwin’s appointment from RBS comes weeks after the departure of Clive Banks and John Chase in London
Options traders braced for further SNB intervention
Demand has switched from downside EUR/CHF options to upside options in anticipation of further Swiss franc weakening measures from SNB, say senior options traders
Spotlight on: Philippe Ghanem, ADS Securities
The Abu Dhabi-based brokerage’s managing director talks to Joel Clark about the launch of ADS Securities, and his hopes that it will compete internationally with electronic brokers across FX, commodities and other asset classes
Trading Places, August 22, 2011
Nomura loses its head of FX options, while Goldman Sachs hires a salesman from JP Morgan
Banks departs BNP Paribas
BNPP's global head of FX and local market sales left the bank last week and is expected to leave the industry altogether after 24 years
GFI Fenics hires LatAm sales head
Appointment of Deborah Bonfield in New York comes months after four new hires in Asia
Trading Places, July 18, 2011
Departures from RBS and BNP Paribas in London and New York as Credit Suisse hires in AES sales in London
All in accord on high-frequency risks
In late June four prime brokers and six ECNs allied together in a major new initiative to better monitor and manage the risks posed by high-frequency trading in the FX market. What motivated the collaborative effort? Farah Khalique reports
BNP Paribas confirms research appointments
Saywell and Attrill will head FX strategy in Europe and North America respectively, following departures earlier in the year
FX Invest: Macroeconomic uncertainty boosts demand for gold and oil exposure
Continued uncertainty about inflation and deepening concerns over sovereign default risks in Europe are making the commodities increasingly attractive as hedging tools
FX Invest: Implications for collateralisation under new CCP model
Saima Farooqi looks at the wave of upcoming regulations relating to central counterparty clearing, and what it means for collateral management
FX Invest: Overlay Asset Management sticks with emerging markets
Overlay Asset Management’s Helie D’Hautefort talks to FX Invest about his firm's emerging markets strategies
FX Invest: New indexes trade volatility
Nikki Marmery reports on the emergence of indexes looking to trade event risk
Trading Places, July 4, 2011
Senior moves at BNP Paribas, BNY Mellon and MKP Capital Management
BNP Paribas launches iPhone app for GlobalMarkets access
Gain Capital and IPC Systems add their insights on the advent of mobile-based trading
Westpac recruits Townsend and Cameron in FX forwards
Townsend joins from Commerzbank and Cameron from Barclays Capital