Month: October 2004

Squawkbox Correction

Contrary to the report in yesterday’s Squawkbox, Frederic Dubignon and not Allan McKenzie has joined ING in London. The bank confirms that Dubignon, who has been out of the market for about two years since retiring from Dresdner Kleinwort Wasserstein where he was last London-based global head of FX sales, is replacing Malcolm Rarity as […]

DKW Realigns e-FX Group

Dresdner Kleinwort Wasserstein (DKW) is in the process of reorganising its technology resources globally, including a new structure for its e-FX trading and sales teams. The change in focus for the bank’s technology resources is, DKW says, intended to shore up the bank’s electronic capabilities and FX prime brokerage business, and sees responsibility for its […]

Boulton Takes Cross-Product Responsibilities

Roddy Boulton will assume the role of European head of e-commerce for all products at Barclays Capital in December, the bank confirms. He will report to Amy Nauiokas, who joined the bank in June as head of e-commerce globally, based in New York. Boulton joined BarCap in London on the global FX sales team with […]

Repo Survey Points to Continued Growth

The repo market has surged 19% in the six months to June 2004, according to the latest biannual report by the International Securities Market Association (ISMA). This reflects steady growth on the previous period, December 2003, which showed 22% growth amongst repeat respondents. Overall, the 81 participating banks set the lower boundary figure for the […]

Werner Replaces Sandelman at BofA

Mark Werner will join Banc of America Securities (BAS) on October 27 as head of global markets, based in New York. In this role, he will focus on building the bank’s sales and trading capabilities, including its electronic systems, as well as expand distribution capabilities and deepen client relationships, the bank says. Werner is replacing […]

Global Link Signs Five Canadian Banks to GTSS

Five Canadian banks have joined Global Link’s post-trade FX confirmation, trade matching and settlement tool, Global Trading Support Services (GTSS). The five banks are the country’s largest, Bank of Montreal, CIBC, Royal Bank of Canada, Scotia Capital, and TD Bank Financial Group. GTSS enables banks to complete the confirmation process within 30 minutes of the […]

Keenan Exits Collins Stewart?

Patrick Keenan, a founder of Prebon, has reportedly left the firm following the October 13 announcement of the completion of the firm’s acquisition by Collins Stewart Tullett. He was named chief operating officer in May when the terms of the acquisition were agreed, prior to which he was group executive director of Prebon Group. Collins […]

Atchue to Head US Fund Sales

Sources report that John Atchue has been named head of US hedge fund FX sales at State Street in Boston, reporting to Lisa Franks, head of US FX sales, who is also based in Boston. The bank declines to comment on the appointment which was first reported in Squawkbox on August 2. Atchue was most […]

Final Call for FpML 4.1

The final working draft of FpML version 4.1 is now available on the FpML website in the specification section. Changes include product support for credit default swap indices, support for ISDA 2004 Sovereign Master Credit Derivatives Confirmation, and support for US municipal entity as reference entity. Comments should be submitted by using a form on […]

Fimat Appointed Prime Broker to Maple Leaf

The Fimat Group announced its appointment as prime broker to the Maple Leaf Macro Volatility Fund. Maple Leaf Capital will launch the Macro Volatility Fund to external investors on November 1. Maple Leaf have stated that the strategy, +18% at Sept 2004 with a Sharpe Ratio of 2.1 since starting with internal capital on January […]