Month: September 2011

WMBAA Unveils SEF Debate Agenda

The Wholesale Markets Brokers’ Association, Americas (WMBAA), has unveiled the preliminary agenda for its second annual Swap Execution Facility Conference. CFTC chairman Gary Gensler is delivering the keynote address to accompany a series of panel discussions and presentations. The conference, which is to be held in New York City on October 3, will seek to […]

And Another Thing…

WMBAA unveils SEF agenda and P&L’s editor bemoans the “nanny culture”… WMBAA Unveils SEF Debate Agenda The Wholesale Markets Brokers’ Association, Americas (WMBAA) has unveiled the preliminary agenda for its second annual Swap Execution Facility Conference. CFTC chairman Gary Gensler is delivering the keynote address to accompany a series of panel discussions and presentations. The […]

FXall Files for IPO

FX Alliance (FXall) has filed an application with the US Securities and Exchange Commission for an initial public offering of its common stock. The number of shares to be sold and the price range for the proposed offering have not yet been determined. According to a registration statement on Form S-1 documents filed with the […]

Antico Departs from BAML

Peter Antico, head of global G10 currency trading, has resigned from Bank of America Merrill Lynch in New York just months after being promoted to the role. Antico was appointed head of global G10 currency trading in March this year and reported to Gerhard Seebacher, head of global rates, FX and structured credit trading. Antico […]

UBS Losses Claim First Senior Victim

The fallout from the reported $2.3 billion losses run up by a trader on UBS’s Delta One desk has claimed the scalp of CEO Oswald Grübel. The UBS board of directors on Friday accepted the decision of Grübel to resign from the bank. The bank has asked Sergio Ermotti to take up the position of […]

Crawford Leaves UniCredit

Nick Crawford has left UniCredit where he was global head of FX, a spokesperson for the bank tells Squawkbox. Guy Laffineur, deputy head of Markets, will assume the role on an interim basis.  Crawford was appointed global head of FX in 2009 and relocated to London from New York for the role. He joined UniCredit […]

GFI Conducts First E-Matching on ForexMatch; Links to Microsoft

GFI has conducted the first electronic matching of GBP/USD Volswap (volatility swap) and USD/YEN Varswap (variance swap) on GFI ForexMatch. Of the first electronic products to be matched on the e-trading platform, the facility for which was launched in the middle of September, Paul Millward, product manager of GFI ForexMatch, says, “We have launched matching […]

Tullett Gets Backing for tpSwapDeal

Tullett Prebon says that support is strong for the impending launch of its hybrid interest rate swap trading platform, tpSwapDeal. Initially the new platform, which forms part of Tullett Prebon’s electronic broking services, will support trading in euro-denominated IRS, gap and butterfly strategies, matched maturity futures spreads and tenor basis swaps. The interdealer broker says […]

FXDD Europe Acquires Frontier FX

FXDD Europe, an online foreign exchange trading provider, is expanding its global footprint with the acquisition of Dublin-based forex broker, Frontier FX. Terms of the deal were not disclosed. Frontier FX provides a multi-bank electronic trading platform for spot and forward FX with a primary focus on professional traders. Through the deal FXDD says it […]

AFME and ICMA Sign MOU

The Association for Financial Markets in Europe (AFME) and the International Capital Market Association (ICMA) have signed a Memorandum of Understanding which will strengthen their co-operation on matters of mutual interest in European financial markets. The agreement focuses on streamlining communication between the two associations and eliminating any operational inefficiency which could arise through duplication […]