Month: March 2008

Forex Network London 2008

Profit & Loss kicks off its Forex Network series of conferences for 2008 at Royal Mint Court in London this Thursday. The event will discuss, among the usual wide range of topics, the creeping automation of derivatives trading, whether the FX market can actually cope with the scale of its success and how the algorithm […]

FXMarketSpace Unveils Settlement Mechanism

FXMarketSpace, the FX market’s first centrally-cleared model, has officially unveiled FXSettle – a settlement service that the company says delivers advances in both the risk management and cost model for institutional FX transactions. Live for the past two months, FXSettle is available through two globalsettlement banks, with another in the process of becoming live. The service […]

Citadel Hires JPM’s Edsparr

Chicago-based hedge fund, Citadel Investment Group, says that Patrik Edsparr will join the firm in the role of CEO for Citadel Europe. Edsparr will also lead Citadel's global fixed income business, including securitised products. He will take up his new role in July, heading the London office. He joins from JP Morgan, where he was a […]

Huey Evans Joins Barclays to Handle SWFs

Gay Huey Evans has joined Barclays PLC as vice-chairman of investment banking and investment management (IBIM) to develop and manage the bank’s relationships with sovereign wealth funds. Huey Evans joins from Citi where she was head of governance for Citi Alternative Investments. She was also president of Tribeca Global Management, Citi’s proprietary hedge fund before […]

Credit Suisse Appoints Co-Heads of Global Securities Business

Credit Suisse has promoted two of its top European managers in fixed income, foreign exchange and equities to jointly run its global securities business in Europe, Middle East and Africa. The appointments are effective immediately. Gael de Boissard, head of European fixed income, global rates and foreign exchange products, and Simon Yates, global head of […]

CME Buys Derivatives Data Provider

Continuing its acquisitive streak, CME Group says it is acquiring London-based market data company, Credit Market Analysis (CMA). The deal with CMA, a provider of credit derivatives market data, will provide CME Group with greater exposure to the rapidly growing $46 trillion credit derivatives market. Prices for credit derivatives are not transparent, nor are they […]

RBA Veteran to Step Down

Mike Sinclair, chief manager for international operations at the Reserve Bank of Australia in Sydney, is to retire from the markets on August 29. Sinclair has worked for the RBA for more than 40 years and has been running the central bank’s FX and money market desks for nearly 23 years. Sinclair’s successor, who will […]

CitiFX Pro Ready for US Traders

An online foreign exchange trading platform that utilises technology from Saxo Bank, a Copenhagen-headquartered online bank, and FX liquidity from Citi, launched in the US last week. The platform, called CitiFX Pro, is initially intended to enable access to FX trading for active individual and small institutional traders. But this is just the beginning, says […]

FXMS Adds Sales VP

Deborah Regal is joining FXMarketSpace as vice president, sales. Based in London, she will report to Mark Robson, CEO of FXMarketSpace. She joins from JP Morgan where she was vice president in the bank’s global currencies and commodities group, responsible for the distribution of electronic FX products. Prior to JP Morgan, Regal worked in e-FX […]

IBFX Adds Lehman as Dealer Participant

Interbank FX, a multi-bank foreign exchange liquidity pool, has added Lehman Brothers as its sixth dealer participant. Lehman joins IBFX’s other liquidity partners including Bank of America, Citigroup and Goldman Sachs. IBFX is a retail and institutional FX trading platform that was launched in February. Although much smaller, on the institutional side IBFX competes with […]