Month: July 2002

CME Continues to Set Volume Records

The Chicago Mercantile Exchange (CME) reported another strong month for volumes in June, setting a new record of 49.9 million contracts traded, and for the quarter (the sixth consecutive rise) of 138.7 million contracts. Year-to-date volume on the CME is 259.2 million contracts, 36% higher than the same period in 2001. The latest monthly record […]

Multiple Hires at RBS Financial Markets

The Royal Bank of Scotland Financial Markets (RBS) has added staff across the division in recent weeks. Following the hire of spot FX traders for its New York and London operations (see Profit & Loss, June 2002) the bank has added to its emerging markets, global FX options, and capital markets sales and trading teams. […]

Acar in New Role at Bank of America

Emmanuel Acar, most recently vice president of the FX engineering group at Citibank, is joining Bank of America in London. He has been hired for a new position as principal, head of London risk management advisory.  

Jack Jeffery Looks to Build on Success

With so much attention on the high profile portal industry, the dominant role of EBS in the FX markets has tended to be overlooked. For all the talk of building an original and successful portal business model, a fine example of how to run such a business already exists in EBS. When Jack Jeffery joined […]

Parker FX Index Reports Strongest Rise in Seven Years

The Parker FX Index rose steeply in May, by 5.43%, its largest monthly return since March 1995. The Parker Emerging FX Index achieved its eighth consecutive positive return, up 1.38%. All 45 programmes in the FX index reported results, 89% of which were positive. On a risk-adjusted basis the index is up 3.01%, the median […]

Parker Indices Positive in April

The Parker FX Index broke a three month run of negative returns in April, ending the month up 1.31%, while the Parker Emerging FX Index continued its string of positive returns by rising 1.98%, the seventh consecutive month it has risen. All 45 programmes in the FX index reported results, 67% of them positive. On […]

Merrill Promotes Kontopoulos

Merrill Lynch has appointed Yianos Kontopoulos to the new role of chief global foreign exchange strategist. He will be based in New York and report to Thomas Sowanick, the firm’s director of global fixed income research. The bank says that Kontopoulos’ new role will see him work closely with the global economics team to formulate […]

Neill Trades Bank of America for WestLB

WestLB confirms that James Neill has joined the bank as a director in global markets sales in London. He joins from Bank of America where he was most recently part of the risk management advisory group, prior to which he worked as an FX derivative trader.

Spence Takes Special Advisor Position with Bank of Canada

Andrew Spence has joined the Bank of Canada in Ottawa as a visiting economist special adviser for a one-year term. He will leave his current position of global head, currency and credit markets research, with TD Securities in September. The bank says the position was created to provide it with additional views on monetary policy […]

Bank of America Makes Hire from CSFB While Another Exits for ABN Amro

Sources say that Peter Little has joined the Bank of America in London from Credit Suisse First Boston where he was most recently a spot Eur/Usd trader. Neither bank was able to comment on the move at the time of going to press. Meanwhile, Christine Kwon has joined ABN Amro from Bank of America in […]