Month: April 2004

Murciano to Goldman?

Eric Murciano, formerly on the European financial institutions FX distribution team at ABN Amro in London, has left, the desk confirms. Murciano joined ABN in the summer of 2002 covering French institutions, prior to which he held a similar role at AIG Trading Group. Murciano is believed to be in talks with Goldman Sachs about […]

ISDA Releases FpML Recommendations

The International Swaps and Derivatives Association (ISDA) has released its recommendation for FpML v4.0, as well as published a new set of validation business rules. The business rules cover credit derivatives, including ISDA 1999 and 2003 documentation and long and short form documents. The validation release also includes minor changes to interest rate derivatives and […]

NAB Chairman Calls for Stability

After recent tribulations at the top level of the bank, sparked by the currency options losses unearthed at the beginning of the year, National Australia Bank’s chairman, Graham Kraehe, has appealed for a period of stability. “Since the announcement of the foreign currency options trading losses in January 2004, the then CEO and a number […]

Deutsche Hires Goldman Options Pair

Thomas Luke and Geoffrey Verter joined Deutsche Bank’s interest rate options trading team within the global markets division in New York. Both join from Goldman Sachs. According to Deutsche, Luke comes in as a director to oversee trading of exotic interest rate structures, municipal derivatives and inflation derivatives, reporting to Peter Antico, head of options […]

ABN Brings First Dutch CLS Third Party Live

ABN Amro has made Indover Bank the first bank in the Netherlands to go live as a CLS third party participant. According to ABN, Indover’s subsidiary in Hong Kong will shortly follow suit with fourth party services. As a result, Indover has given a number of additional mandates to ABN, including the implementation of DealStation, […]

DKW’s Wykes Takes Senior Sales Role at eSpeed

Jonathan Wykes has joined eSpeed as European head of FX sales in London, a role that includes responsibility for relationship management and European customer integration. Wykes joins from Dresdner Kleinwort Wasserstein London office, where he served as vice president of e-FX institutional sales, according to eSpeed. Nigel Renton, managing director, says, “Jonathan’s expertise and track […]

Holmes Joins Lehman NY

Joel Holmes has joined Lehman Brothers in New York as a senior vice president of trading and head of the New York spot desk, a spokesperson confirms. A start date has not yet been confirmed, nor has his reporting line.   Holmes joins Lehman from Deutsche Bank, also in New York, which he joined as […]

Targett Returns to Australia

Steve Targett, group executive director, wholesale and international banking, has resigned from Lloyds TSB in London and returned to Australia to join Australia and New Zealand Banking Group (ANZ) as group managing director, institutional financial services. His successor at Lloyds has not yet been decided. “I am disappointed that Steve has decided to leave us,” […]

Calyon Finalises Flow Team

Vincent Le Clercq has been appointed head of global FX flow sales at Calyon, the organisation formed following the merger of Credit Agricole Indosuez (CAI) and Credit Lyonnais. Additionally, Philippe Delmott has been named head of London FX flow sales. Le Clercq previously held a senior sales role at CAI. The appointments follow the announcement […]

Saxo Introduces Automated Trading

Continuing a flurry of activity at the Denmark-based electronic trading platform and investment bank, Saxo Bank has added a strategic recommendation module to its TradeMaker system. The module enables users to place trades using specific market price points, such as entry point, take-profit and stop-loss levels, based on its daily trading recommendations with a mouse […]