Daniel Swasbrook, who left Deutsche Bank to join Goldman Sachs in mid-2003, has rejoined the bank’s London operation, Deutsche confirms. He is returning to the bank as a director to cover European institutional sales, reporting to Drew Bradford, London-based head of FX sales, Europe. He joined Goldman for a role in institutional sales. At Deutsche, […]
Day: January 26, 2004
David Thursfield has joined UBS in London as a director in spot FX, the bank confirms. He reports to Darren Coote, chief dealer in London, and Christoph Kreuter, London-based head of spot trading. He is focusing on emerging markets, specifically Eastern Europe. He joined the bank at the end of last year from BNP Paribas.
Jim Courtney has reportedly left SG CID to join Barclays Capital, although neither bank could confirm the move. He was most recently a cable trader. Calls to his desk at SG were not returned by press time.
Anders Faegerman, formerly a strategist at AIG, has reportedly rejoined the group on the asset management side, sources say. The move could not be confirmed, as calls to AIG’s London office were not returned by press time.
CLS Bank International set a new record for the volume and value of payment instructions settled in a single day with 262,756 payment instructions settled, a gross value of $2.175 trillion. The figure represents a 31% increase in volume and a 22% increase in gross value over the previous record settlement day in November 2003. […]
Hotspot FXi and Cognotec have developed the Cognotec Hotspot FXi Connector, intended to let Cognotec client banks and other financial institutions provide FX pricing and execution to the Hotspot marketplace. The functionality has already been implemented by two client banks, which the vendor declines to name at this stage. Cognotec will provide financial institutions with the […]
Gain Capital Group has launched Forex.com, a trading portal aimed at supporting the growing number of traders that have limited knowledge of the FX market and therefore need increased education and support services. “The forex market has gone from being virtually unknown to most retail investors into one that now attracts individual investors worldwide, and […]
The Alternative Investment Management Association (AIMA) has issued a comment on a report by the European Committee on Economic and Monetary Affairs on the future of hedge funds and derivatives. The report, which was approved by the European Parliament last week, proposed the creation of pan-European regulations for hedge fund and derivatives industries. AIMA says […]
Refco has introduced VelocitEtrader, a program which provides active traders of online mini-stock index products the ability to trade directly from Refco’s electronic platforms without broker assistance for $4 per roundturn. The system is intended to support the growing community of investors who actively trade equity index products, and the company says it is designed […]
Asset manager Weston Capital Management has hired Samir Das as a junior analyst, reporting to Mark Szycher, director of research and chief risk officer. His primary responsibility will be for developing new IT applications and tools for the quantitative analysis department, as well as maintaining Weston’s hedge fund manager database. He joins from Durus Capital […]