Month: March 2007

Last Chance to Sign up for Forex Network

Following on from a hugely successful series of global events in 2006, Profit & Loss Forex Network returns once again, kicking off its 2007 programme this Thursday March 29 at The Grange City Hotel in London.    Discussion topics will include: The future of the algorithm Embracing MiFID Is fragmentation a good thing for the […]

Bloomberg Tradebook Entry Crowds ECN Space Further

Bloomberg has unveiled a new electronic trading marketplace for foreign exchange that will enable institutional traders to deal in FX anonymously. Bloomberg Tradebook which enables users to trade equities, futures and options, now includes an FX marketplace in 16 major currency pairs and will also give traders the ability to transact using algorithms later in […]

Citi Strengthens FX Management Team in Asia

Citi has hired Pritpal Gill, formerly global head of FX options trading at Lehman Brothers, as head of FX trading in Asia as it strengthens its franchise in the region.   In addition, Nadir Mahmud, formerly the head of Citi’s Fixed Income, Currencies and Commodities (FICC) business in Sub-Saharan Africa, has moved to Singapore to […]

SGCIB Expands Fixed Income Division

SG Corporate & Investment Banking has expanded its newly restructured fixed income distribution and trading group with four new appointments. The division spans fixed income, currencies and commodities with a focus on investors.   Frederic Desclaux has been appointed head of distribution and trading. He was previously the global head of fixed income and derivatives […]

Deutsche Bank’s Launches dbSmart for Institutional Investors

Deutsche Bank has launched a new proprietary fixed income index called dbSmart, which aims to make institutional investors money on the fixed income market by using sophisticated quantitative analysis.   The dbSmart index is completely driven by quantitative research and involves no subjective elements in the decision making process, so there is little correlation to […]

Merrill Lynch Creates Clone Model to Replicate Hedge Fund FX Strategies

Merrill Lynch has introduced ML FX Clone, a methodology for replicating hedge funds’ foreign exchange strategies to help investors to better understand the FX markets with greater ease and at lower cost.   ML FX Clone is designed to replicate the most widely-used FX investment styles followed by active portfolio managers: momentum, carry trade and […]

CME & ICE Trade Insults over CBOT Bids

The Chicago Mercantile Exchange (CME) called IntercontinentalExchange’s (ICE) $9.9 billion rival bid for the Chicago Board of Trade “significantly inferior” to its own $8 billion-plus bid; while ICE called its challenge “clearly financially superior”.   CBOT, which agreed last October to merge with the CME, received a competing bid from all-electronic energy and commodities marketplace […]

Fimat Moves Asia Pacific FX Desk to Sydney

Fimat has transferred its Asia FX execution team, consisting of John Logan and Brandon Walsh, from Chicago to Sydney. They will be supported by James Pushack who heads FX sales for Asia from Sydney.   The new desk covers the entire Asia Pacific time zone, while the Chicago FX team covers the US day and […]

Icap Officially Unveils NZD on EBS

Icap has announced a major drive to provide electronic FX trading in the New Zealand dollar around the globe, with the introduction of the NZD to EBS. The news, which was revealed in Squawkbox earlier this month (see Squawkbox March 5), sees EBS try to grab a piece of the expanding Kiwi market which has […]

Barclays Moves on ABN, but Citi Hovers Menacingly?

Barclays, Britain‘s third biggest bank, said last week that it was in exclusive merger talks with ABN Amro. The proposed 80 billion merger would create Europe‘s largest cross-border transaction to date and the world’s fifth largest bank   Barclays said a combined company would be listed in London but headquartered in Amsterdam, with the Dutch […]

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