Month: September 2007

China Forex Fund Inaugurated This Week

The long-awaited launch of China Investment Co Ltd, the country's state foreign exchange investment company set up to make better use of its huge foreign exchange reserve, will be inaugurated this Friday (September 28), according to China Business News.   Lou Jiwei, current deputy secretary-general of the State Council, will act as board chairman, while […]

GFI Appoints E-Commerce, Asian Heads

Inter-dealer broker GFI has made two senior appointments – one in e-commerce, the other in Asia.  Jurgen Breuer has been named senior managing director – head of e-commerce, responsible for executing GFI's global e- commerce strategy, including the continuing development of GFI's CreditMatch, ForexMatch and other electronic platforms.   Breuer has been with GFI since […]

Forex Network Chicago is This Week

More than 350 registrations are in for Forex Network Chicago, so space at the conference is rapidly running out. The two day event will be debating issues at the heart of our industry, including the impact of algorithmic trading and execution, the democratisation of the options market and how currency managers are attracting assets to […]

RIP Terry Smeeton

Sad news for the London foreign exchange market at the end of last week, with the news of the passing of Terry Smeeton, former head of the foreign exchange division at the Bank of England. After leaving the Bank in 1998, Smeeton went on to be a non-executive director of Standard Bank of South Africa […]

Fimat Hires from Spectrum AM

Fimat has added to its roster by raiding Spectrum Asset Management for George Dowd, vice president at the firm, market sources say.   Dowd, who joined Chicago-based CTA Spectrum in 2003 from Bank of America to develop its currency program, is believed to be taking up a senior sales and asset gathering role.

Lehman Promotes

Lehman Brothers, the global investment bank, has unveiled a series of senior appointments. Effective December 1, 2007, Erin Callan will assume the role of chief financial officer, Chris O’Meara will assume the role of global head of risk management and Madelyn Antoncic will assume the newly created role of global head of financial market policy […]

ACI Announces New Ops Certificate

ACI, the Financial Markets Association, has announced a new Operations Certificate which replaces the old Settlements Certificate. Developed together with the Frankfurt School of Finance & Management, the new Operations Certificate helps candidates to develop a front to back office treasury view of processes. It is intended to foster better understanding between the trading room […]

C-View Charity Golf Day

Currency management firm C-View is holding its Annual Charity Pro/Am Golf Day, in aid of Great Ormond Street Hospital, Mercy Ships and the Haven Shelter for the Homeless, on Wednesday October 10 at Brocket Hall Golf Club, Hertfordshire, UK.  Players are welcome on an individual or team basis, there are also several sponsorship opportunities available […]

Fifth Third Bancorp Implements Risk Management Product

Fifth Third Bancorp has gone live with SunGard’s Adaptiv 360 solution to manage market and credit risk. The bank will use Adaptiv 360 for valuing its assets and derivatives; and to aggregate information on a single system which enhances its risk reporting abilities.   The infrastructure provided by Adaptiv 360 provides Fifth Third with the […]

CME and Barra Launch Emerging Markets E-mini

CME and MSCI Barra, a provider of benchmark indices and risk management analytics, have signed an agreement to allow CME to offer E-mini futures on the MSCI Emerging Markets Index. The contact is expected to start trading on October 22.   The MSCI Emerging Markets Index, is a free float-adjusted market capitalization index containing over […]

Profit & Loss is no longer publishing

Thank you for 21 great years of support