Month: August 2009

Credit Suisse Goes Big in Asia

Credit Suisse has continued its expansion in Asia with nine hires across its fixed income and foreign exchange operation. In FX, Hunter Jamieson is joining as a director in the global FX sales team in Singapore. He was most recently a director with Barclays Capital in Sydney, responsible for corporate and institutional FX for Australia […]

BofA Merrill Hires in EMEA Fixed Income Sales

Bank of America Merrill Lynch has made two additions to its European, Middle East and Africa fixed income sales team, with Christoph Gugelmann joining as head of EMEA fixed income structured solutions sales, and Marco Piccioni as co-head of southern European sales. Based in London, Gugelmann and Piccioni are expected to join in October and […]

Integral Partners with Himawari Securities

Integral Development Corp. is continuing its push into the retail FX space through a new partnership in Japan with broker Himawari Securities. The firms aim to provide customers with multi-source liquidity through a connection to Integral’s FX Grid. Himawari is using Integral’s FX Inside API, a set of application programming interfaces for accessing liquidity directly […]

JSE and CME Extend Derivatives Licensing Agreement

The Johannesburg Stock Exchange has extended its existing licensing agreement with CME Group to give customers the ability to trade rand-denominated platinum, gold and crude oil futures contracts. The new agreement enables the JSE to offer trade in futures contracts referencing benchmark gold settlement prices from CME Group’s Comex division and platinum and crude oil […]

Gain Adds Oil

Gain Capital’s Forex.com UK division has added Brent crude oil to its ForexTrader platform, enabling clients to trade oil alongside global currencies and spot metals. “Economic fundamentals have become a significant driver of oil prices.This factor and the inverse relationship between oil and the US dollar means trading oil is a fairly natural extension and […]

Reval Acquires FXpress Corporation

Reval, a New York-based provider of derivative risk management and hedge accounting services has acquired FXpress Corporation, a treasury software provider that helps companies manage their financial exposures and hedges more efficiently. FXpress, founded in 1993, will remain operational under the name of Reval in Bala Cynwyd, Pennsylvania. The combined entity will have around 350 […]

South Korean Court Upholds FX Option Contracts

A South Korean high court has rejected a chemical company’s suit to suspend currency options contracts sold by three banks, ruling that the banks did not act improperly in selling the products. The ruling could influence the outcome of several similar lawsuits. The Seoul High Court upheld a lower court verdict against the move by […]

On the Move

TwoFour, Nomura, Morgan Stanley, Standard Chartered… TwoFour Hires in US Sherry Isenberg has joined TwoFour in a newly-created role as managing director of North American sales. TwoFour says Isenberg will be responsible for continuing to drive the company’s expansion strategy. Isenberg has more than 15 years’ experience in the treasury and technology arena. She was […]

Around the World

Yes, no, maybe and a matter of ethics So that’s not a ‘no’ then? A mildly interesting comment from New Zealand Prime Minister (and ex-FX ‘face’) John Key last week. When asked about a common currency between New Zealand and Australia, the PM referred to it as a “mildly sensible idea”. Rather than an emotional […]

And Finally…

Every now and again the rumour goes around – “the number was leaked”. I cannot count how many times it has happened in my experience, but last week it happened again – the word is that somebody had the US consumer confidence number a few minutes early. I have no idea whether or not the […]