Profit Loss

Citi Unveils Investable FX Strategies

Mon 5th May 2008 06:00:00

Citi has joined the growing list of banks launching investable FX products

Merrill Confirms Montag Hire

Mon 5th May 2008 06:00:00

Thomas Montag, the former co-head of global securities at Goldman Sachs, has joined Merrill Lynch as head of global sales and trading

…and Takes Two Traders from BofA

Mon 5th May 2008 06:00:00

Although Merrill Lynch is in the throes of reducing staff numbers in FICC, it continues to add staff in what it considers key areas

RBC Appoints FX Head in London?

Mon 5th May 2008 06:00:00

The Royal Bank of Canada is said to be shifting resources from Sydney to London

GFI Has Record First Quarter…

Mon 5th May 2008 06:00:00

Inter-dealer broker GFI Group reported a record first quarter 2008 led by equities and credit products brokerage in Asia and Europe

…Makes Headway in Eastern Europe with Fenics Sale

Mon 5th May 2008 06:00:00

Bawag Bank has taken a three-year licence for GFI Group’s Fenics FX pricing and risk management software on its trading floor in the Czech Republic

Icap Seeks to Solve Libor Concerns?

Mon 5th May 2008 06:00:00

As concerns over the London Interbank Offered Rate’s robustness as a benchmark for the rate at which banks can borrow continue to rise, reports suggest that Icap is to offer a rival New York fix for the markets

Tullett Prebon Loses COO

Mon 5th May 2008 06:00:00

Tony Verrier, the global chief operating officer at Tullett Prebon, has handed in his resignation at the interdealer broker

BarCap Officially Unveils Wealth White Label

Mon 5th May 2008 06:00:00

Barclays Capital has officially unveiled its white label offering for Barclays Wealth, as reported in the April issue of Profit & Loss

Osaka Securities Exchange to Offer FX Futures

Mon 5th May 2008 06:00:00

Osaka Securities Exchange (OSE) is establishing a currency futures market in Japan that will compete directly with the Tokyo Financial Exchange

RBI Recommends FX Futures for India

Mon 5th May 2008 06:00:00

The Reserve Bank of India’s (RBI) internal working group has recommended that currency futures be introduced in India to provide participants with an additional hedging tool

April FX Futures and Options Volumes Rise

Mon 5th May 2008 06:00:00

Both CME Group and the International Securities Exchange (ISE) reported markedly higher volumes in foreign exchange contracts for the month of April

Hardy and Simpkin Quit MF Global

Mon 5th May 2008 06:00:00

David Hardy, the former head of LCH.Clearnet, has left futures and options broker MF Global just over a year after joining as its head of strategic market development

Calyon Appoints Kan

Mon 5th May 2008 06:00:00

Calyon has appointed Arnold Kan as deputy head of fixed income markets for Asia ex-Japan

Threadneedle Nabs MF Global Derivatives Head

Mon 5th May 2008 06:00:00

Asset Manager Threadneedle has raided MF Global as it seeks to establish a new commodities team at the firm

Thomson Reuters Unveils Results

Mon 5th May 2008 06:00:00

Following the completion of their merger, Thomson Reuters last week reported positive Q1 results

Wall Street Systems Buys Aleri

Mon 5th May 2008 06:00:00

Wall Street Systems has signed an agreement to acquire the assets of Aleri Global Banking (AGB), the wholesale banking division of Aleri

MFA Broadens Consultation Base

Mon 5th May 2008 06:00:00

The Managed Funds Association (MFA) has announced a new class of membership that seeks to involve service providers in its work to strengthen and grow the alternative investments industry