Month: May 2010

Forex Network New York

More than 300 people have registered for Forex Network New York, which takes place this Thursday 3 June at the TIAA-CREF Building, Sentry Centers, Midtown East. The event kicks off at 9am with a keynote address from Jeff Feig, chair of the New York Foreign Exchange Committee and global head of G-10 FX and e-commerce […]

CME Launches New FX Vol Indices

CME Group last week launched FX Realized Volatility Indexes to offer a new and easier way for FX options traders to hedge risks. Realized volatility is a measure of actual price volatility, based on past prices over a given time period and sometimes referred to as historical volatility or historical deviation.It contrasts with implied volatility, […]

BarCap Hires for US FX Sales

Barclays Capital has made four appointments to its North American FX sales team. Mike Testa joins the firm as a managing director and head of real money FX sales, Americas. Based in New York, he reports to Gregg Chow, managing director and head of North American FX sales. He is tasked with leading BarCap’s efforts […]

Risk Mitigation Rules When Currency Hedging – Survey

A new survey conducted by ClientKnowledge for Bank of New York Mellon has found increased interest in passive hedging strategies aimed at managing currency risk. The firms say that the report highlights increasing interest on the part of institutional investors in currency hedging strategies focused on minimising the impact of currency fluctuations on cross-border investments […]

Nomura’s New Rates Heads Start

Steve Ashley and Chris Fleming have officially started at Nomura, three months after leaving the Royal Bank of Scotland (see Profit & Loss, March 2010). Ashley has been appointed global head of rates and Fleming as global head of rates sales. Ashley is based in Tokyo and is responsible for the bank’s global flow and […]

FXall in Double Hire

FXall has appointed two former State Street Global Link staff to its roster. The multibank platform provider has named Steven Zieselman as senior director, strategic initiatives and David Lu as director, head of sales for Japan. Zieselman is responsile for FXall’s post-trade services and business development relating to the changing regulation of OTC derivatives, while […]

Regulators, Market in Accord Over Derivatives Structure – Survey

A new survey finds that regulators and market participants are “surprisingly aligned” on what the key components of a workable derivatives market structure should be in the future, with changes likely to revitalise the listed and over-the-counter markets in a manner that benefits all. The survey was part of a research report co-authored by BNY […]

Portware Integrates with Traiana

Algorithmic trading technology provider Portware has integrated its Portware FX offering with Traiana’s post-trade processing platform Harmony Network. The companies say the partnership will allow Portware FX clients to streamline post-trade processing and settlements with counterparties, resulting in lower operational risk and reduced trading costs. “As algorithmic FX trading volumes continue to rise, firms are […]

Survey Finds More Interest in Automating Post-Trade

A new survey of senior operations staff at investment firms involved in OTC derivatives trading finds increased interest in automating post-trade OTC derivatives processing. The survey, conducted at an OpenLink sponsored webinar, looked at the relative importance of risk management concerns faced by professionals in the growing electronic environment. A majority of respondents indicated they […]

On the Move

The latest moves at SEB, CME, Citi and more… Crane to Join SE Banken Al Crane is joining SE Banken’s global e-FX sales team this week. He is based in London and takes over from Noel Singh who has been promoted to head of FX prime brokerage, global eFX at SEB. Crane was previously head […]