Month: July 2007

GFI Adding NDFs to Electronic Trading Platform

Interdealer broker GFI is in the process of adding non-deliverable forward contracts to its ForexMatch automated trading platform. All emerging markets currencies that GFI currently brokers will be available including Eastern European, Latin American and Asian.   Evgeni Mitkov, electronic trading manager at GFI, says the firm started with options on ForexMatch in Q3, 2006, […]

Deutsche Opens Structured Products Desk in Asia

Deutsche Bank has established a Singapore-based trading desk to provide pricing and liquidity for the bank’s FX and commodity-linked structured products. Clifford Cheah, the bank’s head of global finance and foreign exchange, Asia (ex-Japan) says, “The growing popularity of structured products in Asia has driven investor demand for secondary market pricing and liquidity.” The bank’s secondary markets […]

RBS Hires Asian Structured Products Team from Schroders

The Royal Bank of Scotland (RBS) in Hong Kong has poached a structured products team from Schroders Investment Management.   Stanley Ng joins as managing director, head of structured investor product development and marketing. Also joining RBS are Ng’s Schroders colleagues, Paul Chan, as senior director, and Sharon Tan, as an associate.    Ng was previously Schroders’ […]

Singapore’s GIC Announces Promotions

Singapore’s government investment agency, GIC, has made four senior management promotions. Lee Ek Tieng has been appointed chairman of the board of GIC Asset Management, the main GIC subsidiary that invests in equities, fixed income, foreign currencies, commodities and marketable alternatives. He will continue as GIC’s group managing director. Meanwhile, Ng Kok Song has been appointed to […]

Dresdner Lures Six for Rates Flow Trading Team

Dresdner Kleinwort has unveiled six new appointments to its rates flow trading team. Firstly, as managing director and head of interest rates flow trading, reporting to Eddie Listorti, head of fixed income, currencies and commodities, is Domenico Crapanzano, who has already joined and will be based in London, responsible for co-ordinating the flow trading businesses […]

Alliance & Leicester Appoints Two for New Risk Team

A new team has been established by Alliance & Leicester Commercial Bank to provide foreign exchange, interest rate and a range of treasury risk solutions to business and corporate customers.   Mike Bligh, who joined the bank nine month ago as head of treasury risk solutions, with the remit to establish the new team, says, […]

Asia Shrugs Off Reuters Matching Outage

Reuters was forced to turn off its Dealing 3000 Matching system at the start of last week for “emergency maintenance”. The outage came at just after 7.00AM Sydney time when the market was opening for the week, it remained down for more than seven hours until 5.30 GMT when a full service was restored. In spite […]

IAHC Hires for Asian Fixed Income Trading

International Assets Holding Corporation (IAHC) has hired Saw Jin Hong to build up its Asian fixed income business that will focus on trading and investing in high yielding debt and special situations.  The appointment follows the hiring of an Asia head of margin FX and Asia head of metals in recent months (see Squawkbox June […]

Kabu Offers Margin FX while UBS Japan Sees Surge in Business

Japanese online securities broker, Kabu.com, has commenced foreign exchange margin trading services. According to the Nikkei Financial Daily, Kabu will initially offer three currency pairs, USD, EUR and GBP against the JPY, with a minimum transaction size of JPY25,000 (US$200). Stock certificates are allowed as collateral. The firm joins a growing list of online Japanese securities […]

Korea FX Volumes See Record as Foreign Banks Double Profits

Korea’s interbank foreign exchange markets achieved record turnover in the quarter ended 30 June 2007 due to increased transactions of FX swaps and derivatives by foreign FX brokers, according to a government website citing the country’s central bank. Average daily trading volume reached $17.3 billion in the quarter, up 26.3% from the previous quarter, according to […]