Month: May 2012

Rand Merchant Bank Live With TraderTools

South Africa’s Rand Merchant Bank has selected TraderTools’ Liquidity Management Platform as the foundation for its FX trading desk. TraderTools’ FX trading platform will provide Rand Merchant Bank’s clients with FX pricing and aggregation technology, enabling algorithmic trading and auto-hedging capabilities. “The addition of TraderTools to RMB’s FX trading capability both enhances our competitiveness in […]

LMAX Exchange Partners with Gold-i

LMAX Exchange, a multilateral trading facility for foreign exchange trading and contracts for difference instruments, has extended its offering through a partnership with Gold-i. The FSA regulated trading venue provides brokers, introducing brokers, professional traders and institutional investors with direct access to institutional liquidity. By adding the low latency Gold-i Gate Bridge service to its […]

DTCC to Open Singapore Data Centre

The Depository Trust and Clearing Corp’s (DTCC) Global Trade Repository is to expand its operations into Singapore by establishing an Asian-based global data centre to provide regulators with access to data for systemic risk mitigation in over-the-counter derivatives markets. The data centre will be DTCC’s first in Asia and will be part of a global […]

DealHub Launches Regulatory Reporting and Clearing Service

DealHub (Option Computers) has launched DealHub Smart Trade Reporting, a package of solutions designed to help clients manage new clearing and reporting workflows mandated by the Dodd-Frank Act in the US and MIFID and EMIR legislations in Europe. “Banks and brokers are faced with a tidal wave of regulatory change during the second half of […]

European Parliament Backs FTT

The European Parliament last Wednesday voted on the proposed introduction of a European Union-wide financial transaction tax (FTT), with the majority of MEPs voting in favour. The European Commission’s proposal, which would see the introduction of a 0.1% tax on the trade in shares and bonds, and a 0.01% tax on derivatives trading between financial […]

Further Changes to EBS Management Team

Icap has announced a further series of senior management changes at EBS, following the appointment of Gil Mandelzis as chief executive of EBS in March this year. Rafi Vasserman has been promoted to chief information officer and will oversee innovation and product development at EBS and Traiana, Icap’s post-trade technology company. Long-time Icap executives Ed Brown and Jason […]

Commerzbank Hires Head of e-FX Sales

Commerzbank Corporates and Markets has hired Nick Downes as head of e-FX sales. He will be based in London and will report to Frankfurt-based Stefan Hamberger, head of e-FIC sales. Downes was previously head of e-FX sales for Europe, Middle East and Africa at Bank of America Merrill Lynch. He joined BAML in August 2010 after […]

UBS Adds to FX Sales Team

UBS has strengthened its foreign exchange sales team with the hires of Louis Curran, Jarle Veierod, Ed Popham-Holloway and Gustaaf Erenstein. Curran has joined UBS in Singapore as managing director and co-head of institutional FX sales. He will oversee the delivery of the full suite of UBS’s FX products to leveraged and real money clients […]

FSA Fines UBS Advisors for Unauthorised FX Trades

A British court has upheld the Financial Services Authority’s decision to fine and ban two former advisers at UBS for unauthorised foreign exchange trading worth billions of pounds. The Upper Tribunal directed the FSA to fine Sachin Karpe, the former head of UBS’s Asia II wealth management desk in London, £1.25 million and Laila Karan […]

RBNZ Financial Markets Head Moves On

Simon Tyler, head of the Financial Markets Division at the Reserve Bank of New Zealand, last week left the central bank after an eight-year spell. He is taking up the position of chief executive of New Zealand’s Government Superannuation Fund Authority (GSFA) and the board of trustees of the National Provident Fund (NPF) from 1 […]