Month: October 2006

Aegis Software Develops Allocations Specification for FX

Aegis Software has unveiled a specification for the processing of multi-party trade allocations between the buy and sell side, specifically targeting foreign exchange and futures instruments. The specification defines the workflow between the buy side, executing brokers and clearing brokers, to be able to allocate electronic and manual trades to their matching accounts, the company […]

Lloyds TSB Hires Parker from ANZ

Lloyds TSB Corporate Markets has hired Katie Parker from ANZ to join its FX solutions team in London. She begins work on November 20. Parker will focus on the technology, media, telecommunications and leisure sectors specialising in all FX and structured product sales. She reports to Jeremy Hodges, managing director, head of corporate and institutional […]

Smith Swaps HSBC for FXMarketSpace?

Jake Smith, head of marketing for FX e-commerce at HSBC, has left the bank a spokesperson confirms. Sources tell Squawkbox that he is joining FXMarketSpace, the joint venture between Reuters and Chicago Mercantile Exchange, in a marketing capacity, however this remains unconfirmed. Smith’s appointment is the second reported hire by FX MarketSpace in the past […]

Deutsche Poaches Global Head of Commodities from Merrill

Deutsche Bank has hired David Silbert from Merrill Lynch as global head of commodities, based in London. Reporting to Rajeev Misra, head of global credit trading, his appointment is effective early in 2007.  At Merrill, he was European head of commodities and before that, served as president of energy trading company Entergy Koch in Europe […]

Stauss Leaves SocGen

Roman Stauss has left Socit Gnrale Corporate & Investment Bank in London where he worked in FX sales for Germany, the bank confirms. Sources within the bank tell Squawkbox he is joining Bear Stearns in London in a similar role. Bear Stearns did not return calls by press time. Prior to SocGen, Stauss worked at […]

Williams Hired to Head Hotspot

Michael Williams has joined Knight Capital Group to head its Hotspot FX subsidiary from financial services firm Sand Spring Partners. He replaces John Eley who left in the summer (Squawkbox, August 14, 2006). Based in Jersey City, Williams reports to Thomas Joyce, chairman and CEO of Knight Capital Group. He joins with more than 30 […]

Credit Suisse AM Hires Halpern from Moore Capital

Credit Suisse has hired Jeffrey Halpern as head of market risk management for multi-manager portfolios for alternative investments. He joins Credit Suisse’s asset management business from Moore Capital Management, where he was head of risk management and developed risk measurement processes to support the introduction of hedge fund strategies and new portfolio managers and instituted […]

TwoFour Adds FX Options to Platform

Technology company TwoFour Systems has added FX options to its cross-product  trading platform, which now supports both American and European style vanilla and exotic options. The platform integrates with external sources of option pricing and volatility data and provides support for manual data entry. It generates real-time FX delta hedge and Greek statistical information based […]

China Grants Standard Chartered QDII Quota

China’s FX regulator, the State Administration of Foreign Exchange, has granted Standard Chartered and domestic lender Industrial Bank FX quotas worth $500 million each as part of the Qualified Domestic Institutional Investor (QDII) program. The program allows financial institutions to take institutional and individual funds in yuan and invest them in fixed income products offshore. […]

FX Committees Update Asian FX Documentation

The Foreign Exchange Committee, the Singapore Foreign Exchange Market Committee and EMTA have issued an updated User’s Guide for the 2004 Asian Currency Non-Deliverable FX Documentation. The committees have also made amendments to Annex A of the 1998 FX and Currency Option Definitions to revise the rate source definition for the Indian rupee and to […]