Month: October 2014

And Another Thing…

I am not conversant with the investigative processes of the various authorities around the world, but it seems to me that both sections of the media and those investigating dealer activity around the Fix are getting a little more desperate. I am talking of the latest “revelations” that dealers’ Facebook accounts are being analysed for […]

Deutsche Bank Names Wisnia Head of FIC Structuring

Deutsche Bank has appointed Sam Wisnia as head of fixed income and currencies (FIC) structuring and head of strategic analytics for corporate banking and securities (CBS), based in London. He will also become a member of the bank’s Global Markets executive committee, reporting to Ram Nayak, head of global structuring for CBS. Starting 1 November, […]

SGX Content With RMB Futures Launch

The Singapore Exchange (SGX) has officially launched renminbi (RMB) futures, with approximately RMB1.1 billion in notional value traded on the first day. On the day of launch, Monday 20 October, 1,836 contracts were traded. To put this figure in context, it is three times more than the combined trading volumes on the CME and Hong […]

UK’s FEMR Launches ‘Forward Facing’ Consultation

The Fair and Effective Markets Review (FEMR) established in June by UK chancellor George Osborne and Mark Carney, governor of the Bank of England, has launched a consultation aimed at determining what needs to be done to reinforce confidence in the fairness and effectiveness of the fixed income, currency and commodities (FICC) markets. It follows […]

Consolidation Begins in the New Swaps Environment?

Market participants are predicting that there will be consolidation amongst swap execution facilities (SEFs) and related infrastructures, an idea that is given credence by the news that Markit is shutting down its credit hub and BGC is launching a hostile takeover of GFI Group. There are currently 24 firms that have obtained temporary SEF licenses […]

And Finally…

My access to the wider world has been severely restricted for the past two or three weeks, therefore this missive has an element of a retrospective about it, but I wanted to express an opinion so please forgive me for being a week or so out of date…what is going on with this Fix investigation? […]

Tech Corner

Euclid Opportunities, an Icap-owned early stage seed funding programme, has made a further investment in Enso, a global provider of market intelligence and analytics to hedge funds and asset management firms, following an initial investment in May 2013. Enso’s team of prime brokerage, asset management, technology and data specialists deliver operational insight on counterparty credit […]

On the Move

Dixon Departs RBC Matthew Dixon, FX institutional salesperson, has left the Royal Bank of Canada (RBC) Capital Markets after 13 years. Based in Toronto, he reported into Chris Partridge, desk head of the macro FX sales team. Dixon first joined RBC Insurance in 2001 as an investment accountant, and was responsible for all RBC Life […]

UK Charities Lose Up to £125 Million Per Year Due to Poor FX Strategies

UK charities are potentially losing up to £125 million due to insufficient currency procurement strategies and risk management processes, says Ebury, a financial technology company. Charities operating in emerging markets are faced with currency access and effective risk management challenges. This often results in charities exposing themselves to market volatility, risking hidden costs and lacking […]

Pickel, Beeston and Cohen Join Droit in Derivatives Compliance Push

Droit Financial Technologies, a provider of pre-trade front office and post-trade compliance services for derivatives, has appointed three industry heavyweights to a new advisory board. Former chief executive of the International Swaps and Derivatives Association (ISDA), Robert Pickel, Mark Beeston, previously chief executive of Icap’s post-trade business, and former UBS Group managing board member Seth […]