Royal Bank of Scotland
Banks post sluggish first-half results
LONDON & ZURICH - UK banks followed regional peers by reporting a sharp year-on-year drop in first-half revenues from fixed-income and currencies businesses, which were marred by a falloff in volatility and a retreat from risk.
RBS: Sterling set to shine
Royal Bank of Scotland (RBS) topped the 12-month currency forecast rankings and made a top-five appearance in the 12 month year-to-date index this week, with a strong conviction G-4 currencies would underperform.
Yield strategy delivers in July
LONDON - Currency managers using the yield strategy were the best performers in July, benefiting from improving European economic data and positive banking stress tests, shows research from Royal Bank of Scotland (RBS).
Trading shuffle at TD Securities
LONDON – TD Securities has made a spot hire but also replaced a recently departed options trader, confirmed Mark August in London, managing director and head of FX sales and trading for Europe in London.
RBS adds in e-sales
STAMFORD, CT – Royal Bank of Scotland (RBS) is increasing coverage of electronic sales to financial institutions with a hire from Barclays Capital in the US.
Trading Places, July 19, 2010
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Short volatility up in June
LONDON - Currency managers going short volatility would have been top performers in June, benefiting from European market stress, indicates research from Royal Bank of Scotland (RBS).
Banks show demand for strategists
LONDON & NEW YORK - Banks are boosting their foreign exchange research coverage, with prominent senior hires announced last week at Deutsche Bank and Société Générale.
RBS loses two in sales
LONDON & FRANKFURT - Royal Bank of Scotland (RBS) has lost two members of its sales team in London and Frankfurt, according to market sources.
Lutton and Yi resurface at Nomura
NEW YORK - Chris Lutton and Christina Yi are tipped to resurface at Nomura in New York, according to market sources
Bache adds to London FX team
LONDON – Bache Commodities, a subsidiary of Prudential Financial, has hired Jonathan Webb as head of FX strategy and George Tsiourvas as a vice-president in FX sales.
Trading Places, July 5, 2010
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Trading Places, June 28, 2010
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Credit Suisse loses Hassan but gains in EM
LONDON, NEW YORK & HONG KONG - Credit Suisse has lost an FX salesperson in London but has kept its eye on the prize with a series of hires in Hong Kong targeting emerging markets.
BNPP carves out bigger sales team
LONDON & NEW YORK – BNP Paribas (BNPP) has expanded its sales team with a key hire in London and three new starters in New York.
Trading Places, June 21, 2010
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Coup for Morgan Stanley
NEW YORK - Eric Hirschhorn, formerly global head of technology at Citi in New York, has quit the bank to join US rival Morgan Stanley, sources tell FX Week.
Trading Places, June 14, 2010
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Neal jumps ship to Nomura
LONDON – Michelle Neal, global head of electronic commerce, rates and capital markets at Royal Bank of Scotland (RBS), has left the bank, confirmed an internal source.
FX industry creates lobby group
BRUSSELS - The Association for Financial Markets in Europe (AFME) is establishing a representative group for foreign exchange participants, amid the threat of increased forex regulation.
Gaitame.com chooses Integral for liquidity aggregation
Tokyo-based retail trading company Gaitame.com has replaced its single-bank platform with a software-as-a-service liquidity aggregation system developed by Integral, to improve pricing and risk management.
Trend followers power through in May
LONDON - Currency managers using the trend strategy were the best performers in May, with an overall net movement into the US dollar, indicates research by Royal Bank of Scotland.
Trading Places, May 31, 2010
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RBC Capital Markets adds in Asia
SINGAPORE & SYDNEY - RBC Capital Markets has added two hires to its global FX team in the Asia-Pacific region, with the appointments of Winston Quek and Amanda Lowe.