Month: August 2010

Icap to Launch Electronic Euro IRS Trading

Icap will go live with an electronic market for trading euro interest rate swaps with market maker support on 6 September, bringing greater transparency, efficiency and lower transaction costs to the largest over-the-counter derivative market. “The initiative will make a substantial contribution towards further reducing operational and systemic risks in trading OTC derivatives,” Icap, the […]

Commerzbank Adds to FX Business Globally

Commerzbank Corporates and Markets has strengthened its global foreign exchange business with six sales and trading appointments. In a surprise move, Winston Quek, who was due to start at RBC Capital Markets in Singapore this summer, has been appointed head of Commerzbank FX sales, Asia. Quek was most recently managing director and head of fixed […]

RBS Loses Barnes and Mandell, Gains Carrington

The Royal Bank of Scotland has appointed Tim Carrington as global head of foreign exchange following the departure of Mark Barnes who stepped down from the role on Friday 27 August to take a 12 month sabbatical. An RBS spokesperson says Barnes will be returning to the bank in a new role next year. London-based […]

HSBC Australia Appoints Head of Global Markets

HSBC Australia has unveiled the successor to Tony Cripps, who transferred from the role of head of global markets in Australasia to head up the bank’s office in the Philippines (Squawkbox, 7 June). Gavin Powell has been named to the role and will oversee the bank’s sales and trading operations, including foreign exchange, rates, credit […]

Best Joins FX Bridge as New CEO

FX Bridge Technologies, a provider of spot FX, CFDs and options trading software to broker-dealers, has hired Stephen Best as chief executive officer. Best joins from State Street Global Markets, where he was senior managing director and global head of electronic trading and distribution with responsibility for FX algorithmic trading and electronic sales. Previously, he […]

Redwood to Leave Thomson Reuters

Mark Redwood is leaving Thomson Reuters where he is president, sales and trading in the markets division to start up a new venture. A spokesperson says a search for a replacement is underway. It is understood that Redwood will continue to be involved with Thomson Reuters through his venture, which will develop applications for Thomson […]

TD Ameritrade Launches Futures and FX Trading

Online discount brokerage firm TD Ameritrade Holding Corp. has launched futures and foreign exchange trading capabilities to clients, as growth in derivatives and FX trading has outpaced stock activity this year. The trading capabilities are now available via the company’s thinkorswim platform, and join the recently introduced complex options functionality on a single, integrated platform. […]

Misys Launches Inter-bank Matching of Exotic FX Options

Software company Misys has unveiled the latest release of its Confirmation Matching Service, which includes inter-bank matching for exotic FX options. The new release extends the service’s support for buy-side counterparties which went live earlier this year and is now used by more than a dozen banks and fund managers. Banks can now benefit from […]

MCX-SX to Launch Currency Options Trading

India’s MCX Stock Exchange, has become the country’s first exchange to conduct mock sessions to test a currency options trading platform. The exchange completed three mock trading sessions in currency options on 31 July, 7 August and 28 August. Having completed all operational compliances for starting this segment, MCX-SX is now prepared to launch currency […]

On the Move

Citi, Lloyds TSB, BAML… Widmer Out at Citi Bruno Widmer has left Citi in London where he was head of bank sales, a Citi spokesperson confirms. His replacement will be named shortly, the spokesperson says. Widmer joined Citi in 2008, bringing with him members of his team from UBS where he was global head of […]