Month: April 2007

Credit Suisse Confirms New US FX Head

Credit Suisse confirms that Alain Delelis is joining the bank as US head of foreign exchange trading, based in New York, he will report jointly to Gale De Boissard, global head of FX at the bank and Steve Yanez, local head of FX.   Delelis was previously US head of global foreign exchange at Bank […]

Lava FX Adds as it Prepares New Platform

Trading platform Lava FX has added to its roster as it moves towards the launch of its interbank trading platform which will incorporate the FX market’s first “Dark Pool” liquidity mechanism.   Marjorie Brown has joined the firm after nine years with EBS in New York where she was latterly a global account executive. She […]

ACI Prepares to Welcome New President

ACI – The Financial Markets Association is preparing a changing of the guard at the council meeting on the sidelines of this week’s 46th ACI World Congress in Montreal. Current president Godfried De Vidts steps down after a three year term of office at the helm of the association. In his place, ACI welcomes Manfred […]

…As Montreal Prepares

As Wiebogen assumes control of ACI – The Financial Markets Association, the Financial Markets Association of Canada will be welcoming delegates to the 46th ACI World Congress in Montreal (see Squawkbox April 16 and 23). Aside from the very busy business program, a full exhibition will be staged with more than 50 exhibitors.   As […]

Reuters FX Grows but Dollar Dampens Revenues

Reuters Group had strong underlying growth in its transaction systems division, which realised a 32% gain in first quarter 2007 compared with Q1 2006, even as US dollar weakness threw a dampener on overall revenues.   Transaction systems strength was driven by strong foreign exchange markets, the company said in its first quarter results. Usage […]

Buyside Drives FX Automation

As asset managers, hedge funds and proprietary trading shops have wholeheartedly jumped into the foreign exchange markets, they have also driven innovations in technology and transparency which have led to greater automation.   Whilst the report by Boston-based consultancy Aite Group does not contain too many revelations to anyone that has read the New York […]

BofA Appoints Reinhardt for Rates

Bank of America has appointed Jens Reinhardt to the London-based rates marketing team as principal and head of financial institutions coverage for Germany and Austria. Reinhardt reports to Ferruccio Ferrara, head of rates sales for Europe, the Middle East, Africa and Asia.   Reinhardt was previously with JP Morgan’s financial institutions derivatives marketing team where […]

Markit Expands Executive Team

Markit, a provider of independent data, portfolio valuations and OTC derivatives trade processing to the global financial markets, has appointed Niall Cameron to its executive management team.   Cameron joins Markit as an executive vice president and will take responsibility for Markit’s index management and equities businesses.   Most recently Cameron was global head of […]

New Rouble Head for RBS

The Royal Bank of Scotland has raided Moscow for its new head of rouble trading in London. Anton Pasechnikov is joining in that role from Credit Suisse, Moscow where he was head of securities trading and instrumental in building the bank’s rouble trading business. Pasechnikov will report to Peter Rading, head of global currency options […]

Cognotec Adds to RealStream

Cognotec has announced the launch of RealStream Rate Manager, the next generation of its Market Rate Manager tool, which it claims is “significantly enhanced and improved to meet the evolving demands of the marketplace”.   The new tool is a standalone solution designed to allow financial institutions to efficiently gather rates from multiple sources, and […]