Month: January 2008

HK Associations Offer FX Training in China

Hong Kong’s Treasury Markets Association (TMA) and the Hong Kong Institute of Bankers (HKIB) have jointly offered the Treasury Markets Certificate Programme in mainland China. The programme covers treasury management, foreign exchange and bond markets, derivatives, risk management, and the latest development in the international financial markets. 39 representatives from 13 mainland financial institutions attended the first […]

ISDA Promotes Darras

The International Swaps and Derivatives Association, (ISDA) has promoted Katherine Darras as its general counsel, Americas, and its head of equity, FX and interest rate legal department.   She joined ISDA in 2001 as assistant general counsel and has since focused on legal issues related to equity, FX and interest rate derivatives.

OTCex Group Appoints Former GFI Boss to Board

OTCex, an independent inter-dealer broker specialising in OTC and listed derivatives, has appointed Steve McMillan to its main board as non-executive director, bringing the total number of directors to seven.   McMillan brings over 20 years’ industry experience to OTCex Group. Until March 2007 he was global COO and CEO Europe at GFI Group. He […]

SuperDerivatives Hires Levi from Bloomberg

SuperDerivatives, a provider of options pricing, risk management and independent revaluation services, has appointed Russel Levi from Bloomberg as its senior vice president of global sales and support. Levi joins SuperDerivatives in London and reports to David Gershon, president and CEO. He joins after spending more than 19 years with Bloomberg.  Starting as a sales representative, […]

…And Finally…

Unfortunate timing perhaps on the part of the Bank for International Settlements last week when it released the abstract of a paper which discusses central bank co-operation. This in a week when the financial markets are awash with talk of the Federal Reserve Bank responding to equity market turmoil with the largest single interest rate […]

Morgan Stanley Restructures Fixed Income Trading Business

Morgan Stanley has restructured its fixed income trading operation globally by merging its interest rates, currencies, credit and securitised products divisions into a single group. The bank says the move breaks down barriers between the divisions and will enable it to offer a broader and more cohesive offering to clients who tend to view products […]

City and Wall Street Layoffs Accelerate

The subprime crisis and resultant losses in derivative and fixed income departments around the world have ended in some substantial redundancies at investment banks. Citi, after its devastating $18 billion write down of subprime-related positions, posted a $9.83 billion net loss for the last three months of 2007 and is laying off 4,200 employees globally […]

Ogg Exits LavaFX

Tuesday, 15 January, the day that Citi announced a $9.83 billion loss for Q4, was the day that David Ogg reportedly left Lava Trading, a Citi company, where he served as CEO and founder of LavaFX. New York-based Ogg joined the group in 2004 to develop and launch its FX capability. A pioneer in the […]

Deutsche Bank Creates Private Client FX Team…

Deutsche Bank has established a private client foreign exchange team to target the expanding high net worth client base. The new team is based in London and Zurich. Heading up the initiative is Roger Posch who joined Deutsche Bank in London at the start of the year from UBS, where he was most recently head […]

…Enhances dbFX Retail Trading Platform

Deutsche Bank has enhanced dbFX, its retail online currency trading platform, making it easier for investors to execute trades and giving them better access to market data. The enhancements mean investors are now able to trade directly from currency charts, allowing them to open positions and enter orders, stops, and limits, visually on the trading […]