Month: November 2009

Another Senior Exit from Unicredit

Little more than 18 months after it set about building a global FX business, Unicredit has lost another senior manager brought in to fulfil that ambition. Sources with knowledge of the situation tell Squawkbox that Xavier Alexandre, global head of e-commerce for global markets, has left the bank to take up the role of CEO […]

Iraqi Bank Joins Thomson Reuters FX Dealing

Iraq has taken a symbolic step towards reintegrating into the global economy, with a deal that connects the Trade Bank of Iraq electronically with international currency markets. Thomson Reuters announced last week that TBI is the first bank in the country to connect to the international FX community using the Thomson Reuters Dealing trading service. […]

Bloomberg Launches Tradebook Order API

Bloomberg Tradebook, an electronic agency brokerage, has launched an API that gives users more flexibility in sending orders directly from a desktop model to foreign exchange, stock, and option and futures smart order routers. The new API enables users to write code in the most commonly used languages from Java, Visual Basic and Excel and […]

Fokianos Set to Join RBC

Stamos Fokianos is set to join RBC Capital Markets next month as a managing director and global head of FX electronic trading. Based in London, he will report to Ed Monaghan, global head of FX, RBC Capital Markets. Fokianos was most recently at Standard Chartered in London where he was global head of eChannels. He […]

RBC Dexia Hires Braithwaite to Head FX Trading

RBC Dexia Investor Services has appointed Steven Braithwaite as director of foreign exchange trading to lead a global team of FX traders. Based in London, Braithwaite will report to Morgan McDonnell, head of FX. He joins custodian RBC Dexia from Saxo Bank Capital Markets in Copenhagen where he was global head of FX trading. Prior […]

4Cast Launches Retail FX Service

Currency analysis firm 4Cast has launched a new site for individual traders. The site,, is designed for retail FX traders and, the company says, means 4Cast is now providing its analysis to the market at every level givng individuals the ability to subscribe to a very specific currency pair or country analysis for as […]

Bank of Oklahoma to Rollout FSS Spectrum

Bank of Oklahoma (BOk) has licensed the Spectrum Treasury System from Financial Software Systems (FSS) to support its treasury dealings in foreign exchange spot, forward and swap contracts and FX options. Additionally, the bank will use Spectrum to support its interest rate derivatives business, which includes interest rate swaps, caps-floors-collars and swaptions. The Spectrum implementation, […]

CME to Offer Ex-Pit FX Clearing Via ClearPort

CME Group is expanding its ClearPort service to offer clearing for CME and CBOT ex-pit transactions including foreign exchange. Clearing of interest rate and FX ex-pit transactions will be available through CME ClearPort for trade date 7 December, and commodity and equity products will be available for trade date 21 December. In addition, the exchange […]

Money Manager and Radio Host Charged with FX Fraud

The SEC has obtained an emergency court order freezing the assets of a money manager and a nationally syndicated radio personality for allegedly operating a foreign exchange trading scam that raised at least $190 million from more than 1,000 investors. Patrick Kiley pitched the unregistered investments on “Follow the Money,” a show that he hosted […]

List Group Adds FX and OTC Derivs to Analytics Library

List Group, an independent electronic trading provider, has extended the asset class coverage of its financial library, List FMR4000, to include foreign exchange and money market instruments. The tool, aimed at the trading, risk management and treasury departments of buy- and sell-side institutions, allows users to compute multiple real-time risk return analyses, what-if scenarios and […]

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