Month: April 2004

Greenwich Research Suggests eFX Boom…

Research published by Greenwich Associates suggests that electronic trading volumes doubled to $8 trillion in 2003, although almost 50% of global FX institutions say they still have no intention of trading online. The paper attributes most of the growth to institutions that have dipped their toes in the eFX water over the preceding couple of […]

Singapore FX Committee Sources ACI Model Code

The Singapore Foreign Exchange Market Committee (SFEMC) recently published an updated version of the “Blue Book”, the Singapore Guide to Conduct and Market Practices for Treasury Operations. In the Blue Book, the SFEMC acknowledges the goodwill of ACI – The Financial Markets Association in permitting The Model Code to be used as a source of […]

West End Capital Hires Yen Strategist

West End Capital Management, a fixed income investment management firm, has hired Venkat Mandava as a lead strategist on its Yen portfolios. According to the firm, he has extensive experience of the interest rate and derivatives market, from his time spent at both Credit Suisse First Boston and Barclays Capital.

Abbey Takes BBH’s Infomediary

Abbey has gone live with Infomediary, Brown Brothers Harriman’s communications outsourcing system which collects trade instructions from external sub-advisors and feeds them into internal accounting systems.

Brown Succeeds Loewy in Europe

Andrew Brown is to relocate from HSBC Hong Kong to HSBC London and become managing director and head of FX for Europe and the Middle East. He takes the European responsibilities previously held by Rob Loewy, formerly managing director and head of FX, who recently retired (see Profit & Loss, April 2004). Brown was formerly head […]

Bickmeyer Joins Goldman NY?

Todd Bickmeyer, co-head of hedge fund sales at Merrill Lynch in New York, has left the organisation, the desk confirms. His responsibilities have been assumed by former colleague Frank Tepedino, although further details were not forthcoming. Bickmeyer joined the institutional sales desk two years ago from Morgan Stanley. He is said to have joined Goldman […]

ABN Hires in Singapore

Rayson Hazra has joined ABN Amro in Singapore as a vice president of financial institutions (FI) FX distribution. The bank says that he will be responsible for FX/FXO sales to regional financial institutions and public sectors accounts, and US-based hedge funds. He will report to Huilin Tan head of FI FX distribution, Singapore/South East Asia. […]

CME Drops More Prices

The Chicago Mercantile Exchange (CME) has further amended its pricing structure to attract new customer segments and increase trading volumes, according to the exchange. The new pricing targets CME equity members, non-member eFX automated market members, and non-member firms. “We have a great success story in CME’s eFX products, with March volume up 144% and […]

Chin Joins Refco

Refco Alternative Investments hired Edward Chin as Hong Kong-based general manager and head of its Asia operations. He will oversee the distribution of alternative investment products directly and through the continued development of strategic distribution partners. Chin joins from Man Investment Products, where he was a country manager for Canada, and has also been an […]

Changes at Barclays

Three people have reportedly left Barclays Capital’s institutional FX sales desk in London. Mark Godfrey, Ed Church and Steve Kelleher, head of the desk, are said to have left, although the bank declines to comment. Sources say that Godfrey has since returned to Australia and joined a fund manager, while Church and Kelleher’s current whereabouts […]