Month: April 2005

EBS Prime Gains Traction as Volumes Soar

A little under a year after it first launched, EBS Prime is reporting strong uptake in volume traded and customer numbers. Although there have been private doubts expressed about the success or otherwise of the venture in some quarters, data provided to Profit & Loss by EBS suggests that the product is starting to gain […]

New Business at WestLB

WestLB confirms that Mike East has rejoined the bank. Together with Chris Kuin, East will be setting up a proprietary trading business within the fixed income division.East first joined WestLB in 1975. Before he decided to take a career break in September last year, he was global head of rates and emerging markets. After his […]

Citi Hires Trading Chief for Asia

Citigroup confirms the hire of David Hanson as head of FX trading for Asia, based in Sydney. Hanson had been on a break from the market prior to joining Citi, but was most recently on Goldman Sachs’ spot trading desk in London.

CSFB Announces Valuations Basket

CSFB is offering a global trading and valuations opportunities basket, a selection of CSFB/Tremont sector invest indices to Swiss investors. The basket consists of primarily directional-oriented trading strategies including the long-short equity, global macro, managed futures, emerging markets and equity market neutral CSFB/Tremont sector invest indices. "The basket focuses on strategies typically taking a view […]

CME and Reuters Rollout to Asia

The Chicago Mercantile Exchange (CME) and Reuters last week announced the addition of four clearing firms to CME FX on Reuters, which offers CME’s eFX futures markets to Reuters’ customer base in a spot equivalent format via the latter’s Dealing 3000 desktop product. The new additions are Calyon Financial, JP Morgan, Lehman Brothers and Refco, […]

RBS Launches Cross Product Platform

The Royal Bank of Scotland Financial Markets (RBS) launched Trade, an online trading platform for foreign exchange, money markets and global treasury funds. Trade provides electronic trading for spot and forward FX, FX swaps, FX time options, FX multi deals and also allows clients to place FX orders electronically. The platform also offers money market […]

CME 2005 Global FX Summit

CME will be hosting its first Global FX Summit in London, on Thursday, May 12. The half-day seminar will feature FX industry leaders including: Mark Spanbroek, director of strategic development, Getco; Francesca Taylor, principal, Taylor associates and author of Mastering Foreign Exchange and Currency Options; Cyril Cottu, vice president, co-head of FX asset sales, Europe, […]

ABN Amro Launches Foreign Exchange Model

ABN Amro launched an FX model for Eur/Usd dubbed, FX Regime Prediction Indicator, which assesses market volatility and positioning to assign a probability factor to likely movements in the spot rate for the coming week. "This tool provides currency traders and portfolio managers with an extra level of sophistication and choice in managing their currency […]

Former Senator Breaux Joins MFA Board

The Board of Directors of the Managed Funds Association (MFA) announced that former senator John Breaux will join its board as an appointed director, commencing his term immediately. Headquartered in Washington, DC, MFA is the global voice of the hedge fund industry representing over 850 members who manage a significant portion of the estimated $1.1 […]

Hotspot FXi to Open Beijing Office

Hotspot FXi last week opened a representative office in Beijing to support the firm’s market research, technology marketing, and business development activities in China. "We are gratified to receive approval to open a representative office from the Administration of Industry and Commerce," says John Eley, president and CEO, Hotspot FX. "China is in a transformative […]