Royal Bank of Scotland
Prepare for further black swan events in FX, corporates urged
Corporate treasurers should make sure their forex counterparties are properly prepared for the possibility of further black swan events in the FX markets, senior Lloyds banker tells ACT conference delegates in Manchester
BAML duo moves to RBS
Mark Webster and Graham Wintersgill move to Royal Bank of Scotland from Bank of America Merrill Lynch
RBS launches gamma hedging algo for forex clients
New algorithm is designed to automatically hedge gamma sensitivity of foreign exchange options
NAB appoints Glen in London FX sales
Paul Glen will join Australian bank this month, having moved from Royal Bank of Scotland
Pearson joins RBS to head spot trading
Royal Bank of Scotland confirms high-profile hire of spot trader James Pearson from Nomura
View from a global head of FX
Tim Carrington, global head of FX at Royal Bank of Scotland, talks to Farah Khalique about the exceptionally poor liquidity in FX markets in recent weeks and why he remains bearish on the US dollar but bullish on sterling and the yen
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
ING recruits Hernandes in hedge fund sales
Javier Hernandes has left RBS in London, along with Paul Glen
RBS appoints Mount head of FX tech-based trading
Ed Mount joins from Elysium Technology, and has also worked at UBS
Taking stock of 2011: the euro
The challenges 2011 has already thrown at foreign exchange market participants have been multi-faceted, ranging from a tough trading environment in major currency pairs to the preparation for new trading and clearing regulations. In the first of a series…
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
Barnes to return to RBS in October
Former global head of FX will become global head of client macro trading, reporting to Tim Carrington
Trading Places, August 8, 2011
New appointments at HSBC, Santander and BAML, while Nomura loses a strategist
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
Spot USD/CNH fixing in HK poised to become derivatives benchmark
Hong Kong interbank participants have created the first US dollar to offshore renminbi price fixing giving the city first-mover advantage in becoming an offshore centre for renminbi products such as derivatives, say market participants
Trading places, June 27, 2011
Promotions and appointments at Nomura, Schroders and RBS
Webster quits BAML
Head of FX sales understood to be a possible candidate for senior FX sales vacancy at RBS
Anticipation builds for final Treasury decision
US Treasury reviewing comments on its proposed exemption as market participants expect the decision to be confirmed early next month
CCPs should become direct members of CLS, poll suggests
72% of poll respondents call for CCPs to join CLS to ensure settlement risk continues to be effectively managed when mandatory clearing is introduced
Etherington joins BBVA from Lloyds
New addition to corporate FX sales team follows two other senior hires in January
Asian legislators await international clarity on OTC and FX regulation
Market participants suggest authorities in Asian countries are unlikely to make decisions on OTC regulation and the treatment of FX contracts until the rules become clearer in the US and Europe