Royal Bank of Scotland
Trading Places 17.5.10
Read Trading Places for this week's movers and shakers in the global FX space.
Option prices rocket over euro crisis and UK hung parliament
LONDON – Options prices shot up dramatically last week as liquidity fell, amid long-term concerns over the European Central Bank’s (ECB) handling of the eurozone deficit crisis and uncertainty about the outcome of the UK election.
Trading Places 10.5.10
Read this week's people moves in the FX space across the globe.
Trading Places, May 3, 2010
Find out about the movers and shakers in the FX world.
Credit Suisse rebuilds spot in NY
Swiss dealer adds senior trader
Clients drive cross-asset trading
LONDON - Increased demand for cross-asset trading by hedge funds and asset managers will force the merger of foreign exchange and derivatives businesses, according to panellists at the FX Week webinar, FX technology arms race: the battle for market share…
RBS loses Usher but gains Gething
LONDON – Royal Bank of Scotland has lost Richard Usher, London chief dealer and EUR/USD spot trader, in a further senior departure from the bank.
Singapore Exchange moves into clearing
SINGAPORE - The Singapore Exchange (SGX-DC) became the latest to pitch clearing for foreign exchange products last week, with a proposal to clear financial derivatives, including Asian FX forwards contracts settled in US dollars.
Banks widen scope of IT budgets
Speakers at the FX Week webinar, FX technology arms race: the battle for market share, last Tuesday (April 20) covered a wide range of issues facing the industry post-crisis, including regulation, customers' increased demands and post-trade processing.
Mass exodus from BarCap in New York
NEW YORK - Barclay Capital (BarCap) continues to haemorrhage forex sales staff as below-average compensation makes the bank’s employees prime recruitment targets, according to market sources.
Casini finds new home at Credit Suisse
Enrico Casini is understood to have taken a senior European foreign exchange sales position within Credit Suisse following his departure from Royal Bank of Scotland (RBS) two weeks ago (FX Week, April 6).
BarCap launches onshore rates and FX trading in Australia
SYDNEY - Barclays Capital has launched onshore trading in rates and foreign exchange in Sydney, as part of plans to expand its domestic and regional presence.
RBS to go live on CLS/Traiana JV
Royal Bank of Scotland is set to become the fourth bank to go live on the CLS/Traiana joint-venture trade aggregation service by early May, according to a person familiar with the situation.
Amin finds new home with UBS
Kaushik Amin has been appointed head of fixed-income, currencies and commodities trading for the Americas
Trading Places, April 12, 2010
This week's people moves in the global FX market.
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.
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.
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.
Trading Places, March 29, 2010
People moves
RBS appoints Asia sales chief
UK bank regains Asia sales leadership
Trading places, March 22, 2010
People moves