Month: June 2005

SG Makes Senior Appointments

Helen Faracci-Steffan has been appointed as head of asset and liability management at Societe Generale. She succeeds Herve Audren de Kerdrel, who was appointed deputy financial officer of SG Corporate and Investment Banking. He takes over the role from Christophe Leblanc, now head of organisation and commercial resources for equity derivatives at SG CIB. Faracci-Steffan […]

Drescher Joins JP Morgan

JP Morgan has hired Raphael Drescher for its global currency and commodities group. Drescher will be a vice president, reporting to Tim Owens, global head of the currency and commodities solutions group. “Raphael is a valuable addition to our group in Europe,” says Owens. “His experience and expertise will contribute to the building out of […]

ICY Releases Enhanced System; Signs New Client

ICY Software has released ICYFX v5, a version with enhanced speed and pricing for FX options. The new version now calculates the market price of exotic options based on volatility surface adjustments. The new pricing libraries for exotic options are using Dvega/Dspot and Dvega/Dvol price adjustment. According to the firm, sales desks can now directly […]

Friend Returns to Commerz

Gavin Friend has returned to Commerzbank, London, an official confirms, as an analyst for the bank’s macro research group. He reports to Nick Parsons, who is head of the macro research group. Friend has left Commerzbank by the end of 2004. Prior to his departure he was an FX analyst. In November 2004, Commerzbank laid […]

Grewal Trades RBC for CIBC

Sharon Grewal has left the Royal Bank of Canada and joined CIBC, the bank confirms. Based in Toronto, Grewal will be executive director and FX advisor, reporting to Craig Ellis, managing director of FX CIBC World Markets. Grewal started her career at RBC, joining the treasury operation in July 1991 as a derivatives analyst. Initially, […]

Two Head for the Door at Deutsche

Market sources report that Andre Katz, formerly a spot Eur/Usd trader at Deutsche Bank, has joined Bank of America in London. Separately, sources say that Steve Turner has left to set up a hedge fund desk at Unicredito Banco. The departures could not be confirmed by press time.

GFI Hires New Head of Sales

GFI Group hired Peter Vitale as the new North American head of sales for data and analytics. Vitale will report into Scott Fitzpatrick, GFI’s global head of sales for data and analytics.

Reuters Brings Out New Data Feed

Reuters announced the launch of Data Feed Direct (RDF Direct), a new low latency, direct data feed service. According to officials, speed is the new tool’s "most valuable asset". RDF Direct reduces the data latency by several tenths of a second when compared with traditional consolidated feeds. By leveraging expertise in development and engineering groups […]

FXall Appoints New Head for Japanese Office

FXall hired Takashi Uyeda as a senior director and head of FXall Japan, based in Tokyo, where he will be responsible for the growing franchise. His focus will be on managing relationships with new customers and providers and leading the buy side sales effort Uyeda joins from Interactive Data Corporation, where he spent nine years […]

Hotspot FXi in Deal with Securities Firm

Securities trading technology firm, InfoReach, and Hotspot FXi have inked a deal which provides the former’s clients with access to 24-hour FX trading via the Hotspot platform. The InfoReach trade management system integrates order entry, rule-based trading, order management and FIX connectivity in a single platform. Along with the ability to trade FX on live […]