Month: February 2012

Lombard Risk Launches Dodd Frank Reporting Engine

Lombard Risk has launched the Dodd Frank Act Engine to help companies meet the requirements of the US regulation while trading over-the-counter swaps. The Dodd-Frank Act Engine is specifically designed to address Title VII of the act, which requires swap data to be reported throughout the lifecycle of a trade, providing real-time public dissemination for […]

Traiana Extends Harmony CreditLink to FX Options with Digital Vega

Post-trade company Traiana has launched an enhanced version of its Harmony CreditLink service which includes pre-trade and post-trade credit and risk management services for FX derivatives trading.  Digital Vega is the first company to integrate the service into its multi-dealer FX options trading platform, Medusa, extending the capability to its connected FX prime brokers, buy-side […]

Barclays Wealth Appoints UBS Veteran to Head FX

Julian Wantling has joined Barclays Wealth as managing director and head of global foreign exchange, a newly created role, from UBS where he worked for 25 years. Wantling will join Barclays Wealth in London at the end of February and report to Thomas Fekete, head of investment products, UK, Europe, Middle East and Africa. During […]

And Another Thing…

Many of you will have read about the chap who executed a foreign exchange trade while base jumping. After all, who doesn’t think as they hit terminal velocity “hmmm, I fancy dollar-yen a bit higher”? I remain ambivalent to mobile trading, mainly because of what I believe to be the inevitable Stella Award awaiting one idiot or […]

And Finally…

Regular readers will know I have had my doubts about machine-readable news in the past, but increasingly through conversations with pointy heads in our industry (a meeting of minds if ever there was one) it seems that the practice is becoming more prevalent and indeed more profitable. There are, apparently, better news services than others […]

Around the World

Switzerland: Zurich has surpassed Tokyo to become the world’s most expensive city, as surging currencies push up the cost of living in countries such as Switzerland, Japan and Australia, the Worldwide Cost of Living survey showed last week. Geneva, the other Swiss city surveyed, saw a 30 percentage point rise in the cost of living […]

Tech Corner

State Street Global Markets intends to join LCH.Clearnet’s global over-the-counter interest rate swaps clearing service, SwapClear, by June 2012, bringing SwapClear’s total clearing membership to 62. “Membership will provide our institutional investor clients with a key venue for clearing the multiple swap products now being brought into a cleared environment under the emerging regulatory changes […]

On the Move

FX Team Strategists Exit UBS Manuel Oliveri and Taso Anastasiou, foreign exchange strategists at UBS in Zurich, have left the bank. It is understood G10 FX strategist, Beat Siegenthaler, has assumed their responsibilities. A spokesperson declined to comment on the departures, which are believed to be redundancies in line with UBS’s cost reduction and restructuring […]

Ex-Morgan Stanley Fixed Income Head Sets Up Currency Fund

Ranodeb Roy, previously head of fixed income for Asia Pacific at Morgan Stanley, is preparing to launch RV Capital Management, a hedge fund that will focus on Asian foreign exchange, interest rates and credit. Roy, who left his role at Morgan Stanley in August last year, is raising as much as $1 billion for the […]

Macquarie Opens Futures, FX Business in Canada

Macquarie Group has launched a Canadian futures business to provide corporate and institutional clients with a range of financial, commodity and foreign exchange futures and options services. The new business comprises a team of senior sales professionals who bring expertise in listed derivatives marketing, business development, sales and compliance. The team is headed by Stephane […]