Month: April 2012

Donohue to Leave CME in May Instead of End of Year

Craig Donohue, the chief executive of CME Group, announced on Thursday that he will resign from the company sooner than he planned. Donohue, who said in March he would leave at the end of the year, now plans to leave by the company’s annual meeting on May 23. President Phupinder Gill will assume the role […]

ITG Introduces Transaction Cost Analysis for Foreign Exchange

ITG, a US-based agency broker and financial technology company, has introduced a transaction cost analysis product for the institutional foreign exchange market as fund managers seek to manage their expenses. ITG TCA for FX will use data from 10 providers including some of the largest FX market makers, ECNs and banks, according to a company […]

CCM Securities Hires Moran to Build Out FX Business

CCM Securities, a broker-dealer with offices in New York and Chicago, has hired John Moran to build out its foreign exchange business. Moran will oversee the launch of an FX platform that will focus on delivering execution and liquidity to middle market corporate and institutional clients globally. He joins from Cross Point Capital, where he […]

Head of Global FX Trading Leaves SocGen

Richard Bailey has left Société Générale where he was global head of foreign exchange trading. He is the latest senior manager to leave the bank’s FX business, which recently was merged into a new Fixed Income and Currencies business line run by Danielle Sindzingre. As part of the reorganisation, announced by the bank earlier this […]

Maasland Joins Knight Capital as Head of International

Albert Maasland is joining Knight Capital in London as senior managing director, head of international, with responsibility for the development and growth of operations in the UK, continental Europe and Asia. He will report to Tom Joyce, chairman and chief executive officer, and will join Knight’s executive committee. “Knight is an established leader in trading […]

CitiFX Prime Certified by KPMG

Citi’s FX Prime business has acquired International Standard on Assurance Engagements 3402 (ISAE3402) certification from external auditor KPMG, which recognises it as a dependable business in terms of client confidentiality. “The high standard of our services has been confirmed by a successful ISAE3402 certification audit certified by KPMG, which gives our clients confidence that our […]

FIA PTG Hits Back at HFT “Damage” Claims

The FIA European Principal Traders Association (EPTA) has reacted strongly to claims made by Finance Watch, an independently funded European public interest association “dedicated to making finance work for the good of society”, that high frequency trading “damages” liquidity in financial markets. Finance Watch’s members include consumer groups, housing associations, trade unions, NGOs, financial experts, […]

And Finally…

I don’t think there is an easy way of saying this so I’ll come right out with it…you’re all liars and cheats. How do I know this? Well, yet another “expert” publication has been promoting its FX credentials (but this one really takes the biscuit for ill-informed bandwagon jumping) and has decided that there is […]

Tech Corner

GFI Market Data, a division of GFI Group, has taken its partnership with Japanese financial information vendor Quick Corp. a step further by providing it with credit derivatives market data. GFI has been providing Quick with FX options market data since 2005 and began offering the credit data to Quick’s desktop and enterprise customers on […]

On the Move

Francis to Join Barclays Lisa Francis, the former head of FX sales for the UK and Northern Europe at the Royal Bank of Scotland, is joining Barclays. Francis left her role at RBS at the beginning of the month (Squawkbox, 9 April 2012). A long-term member of the RBS FX team, she reported to Tim […]