Month: June 2012

Northern Trust Appoints Co-Heads of Global FX

Northern Trust has named William Huber and Mark Gossett as co-heads of global foreign exchange, effective 2 July. Huber is currently chief dealer of Northern Trust’s global FX division and has been with the bank for 23 years. Gossett joined the firm 29 years ago and serves as an executive vice president. He has served […]

Trade Associations Call for Re-Engagement on Regulation

Transatlantic trade associations this week have urged EU and US regulators to work together to create a framework of inter-jurisdictional regulatory recognition which addresses issues such as protectionism and extraterritoriality. Commissioned by the EU-US Coalition on Financial Regulation, a new report cites the G20 call in 2010 for vigilance “to ensure open capital markets and avoid financial […]

And Another Thing…

Another week, another platform. I am not sure why there has been a sudden rush to market on the part of all these new players; perhaps it is an example of the herd instinct whereby no one wants to be left behind? Either way, the new ventures are coming thick and fast, so fast in […]

Greek Coalition Discussions Continue

As the results of the Greek election were announced yesterday, fears of the country leaving the euro were alleviated for the time being, although uncertainty over the future of the single currency remains. The country failed to elect a strong government to tackle the country’s austerity programme in Sunday’s election. The Conservative New Democracy party […]

BBVA Bolsters FX Team with Hires

Malcolm Day is set to join BBVA in London this week as global head of emerging markets foreign exchange trading, according to market sources. Day was most recently head of FX trading for Middle East and North Africa at HSBC and was based in Dubai. He left the bank at the beginning of the year amid a swathe of […]

And Finally…

Sorry but I need to get this off my chest…huge sighs of relief all round following the Greek election, but – and you can put this down to jet lag if you violently disagree – what has changed? The Greeks have voted to back austerity, which must have been no easy thing to support, but […]

Tech Corner

Deutsche Bank last week completed the first cross-border RMB payment under the People’s Bank of China Shanghai’s Simplified RMB Cross-Border Payment Pilot Scheme (SRCP). The import trade payment denominated in RMB was executed by Deutsche Bank for the China subsidiary of Huettenes-Albertus, a German manufacturer of foundry chemical products. The SRCP streamlines the process for […]

On the Move

Alpari Hires for QuantumFX Maxine Dennis has joined QuantumFX, the institutional division of FX broker Alpari, as an institutional sales executive. Based in Alpari’s offices in London, she reports to the global head of institutional products, Mark Davison. Dennis previously worked at Trader Management Company where she successfully traded her own FX account and managed […]

P&L Poll Results and Comments: FTT

In our latest poll we asked for your thoughts on the potential implementation of a financial transaction tax following news at the end of May that a majority of MEPs in the European Parliament had voted in favour of its introduction. The European Commission’s proposal, which would see the introduction of a 0.1% tax on […]

First Derivatives Partners with Forex Club

First Derivatives, a software and consultancy services firm, has partnered with online broker Forex Club to allow the broker’s clients to benefit from institutional levels of pricing, execution and spreads. Through the partnership, the online broker’s global client base will be plugged directly into the foreign exchange market by using FD’s Delta Flow trading technology, […]