Month: January 2007

FX Turnover on the up…Or is it?

The latest FX turnover surveys from the UK, US, Singapore and Canadian foreign exchange committees appear to indicate that the long term growth in FX turnover has slowed, or could be at a plateau. The surveys present a mixed picture with turnover flat in Singapore (but probably lower after taking into account the dollar decline […]

Currenex Was Subject to Multiple Bids

Although initial reaction to State Street’s $564 million acquisition of Currenex was one of surprise over the price paid, as reported in last week’s Squawkbox, sources close to the companies say that at least two other expressions of interest were received by Currenex over the last few months – both from companies with no FX […]

Deutsche Extends Autobahn

Deutsche Bank has extended its Autobahn suite of electronic trading products by releasing Autobahn Sphere, a fixed income structured product client portal that integrates aspects of Deutsche Bank’s Autobahn FI and Tradefinder client applications.   Autobahn Sphere delivers a one-stop shop for fixed income trade analysis and structured product execution.  The bank says that Autobahn Sphere contains […]

Barclays Shuffles the Pack: Ritossa to Head Rates, Asia Pacific

Ivan Ritossa, Barclays Capital’s managing director and global head of foreign exchange will relocate from London to Singapore this week (February 1) to take on the position of head of rates, Asia Pacific. He will continue his role as global head of FX as well as his responsibility for overseeing the development of Absa Capital, […]

Renaissance Deal Expands RBS in Russia

The Royal Bank of Scotland (RBS) has entered into an agreement with Renaissance Capital, Russia’s largest investment bank, to jointly provide currency, interest rate and credit derivatives to its government, corporate and institutional clients in Russia RBS says the agreement between its global banking and markets unit – its investment bank arm – and Renaissance […]

Socit Gnrale Names Managers across FICC

Socit Gnrale Corporate and Investment Banking has named the management team of its newly launched Fixed Income, Currencies and Commodities division. The division includes an integrated financial engineering approach and a strengthened flow and structured products distribution, the bank says, made up of: Structuring – engineering, structured interest rates and FX, structured credit, securitisation, portfolio […]

Citigroup to Start Prime Brokerage in Singapore

Citigroup is opening a prime brokerage office in Singapore this month, adding to its Asian offices in Hong Kong, Sydney and Tokyo. The Singapore team, handling sales and client servicing, will be managed by Alexis Fosler, who previously worked in the offshore banking industry in the British Virgin Islands. She also worked in Hong Kong […]

HSBC Signs with Reuters

Reuters and HSBC have signed a new agreement that will for the first time give the bank a global licence to use Reuters’ data and information across its business. The agreement means that Reuters’ capabilities can now be fully applied to the rapidly expanding business needs of HSBC. It also supports HSBC’s ambition to standardise […]

CS Hires Head of Metals

Credit Suisse has hired Adam Knight as head of its metals trading alliance with Glencore. Knight joins in London from Goldman Sachs, where he was most recently a managing director and head of global metals trading. Prior to this, he was head of global base metals option trading. Before joining Goldman Sachs in 2001, Knight […]

Citigroup Trades First Onshore Yuan Swap

Citigroup and Industrial Bank have completed China’s first onshore yuan interest rate swap based on the country’s new system of Shanghai Interbank Offered Rates (Shibor). Shibor, modeled on the London Interbank Offered Rate, was introduced on January 4 2007 by the People’s Bank of China to help establish a benchmark interest rate system for China’s […]