Month: July 2015

Turnover Data Reveals Drop in e-Ratios, Surprising Leap in Voice

The latest round of FX committee turnover surveys indicates an accelerating decline in the share of volume handled electronically. The UK, US, Japanese and Canadian committees break out execution methods to various degrees, however all but the Canadian survey generally saw a decline in both spot and overall e-ratios. In the UK, 50.2% of spot […]

Mihocko-Tierney Leaves BAML

Jennifer Mihocko-Tierney has left her position as head of e-solution sales at Bank of America Merrill Lynch (BAML). Based in New York, Mihocko-Tierney had been with BAML since June 2010. Before that she was the head of e-FX sales for North America at Barclays for four years. Mihocko-Tierney also worked for FXall between 2000 and […]

Manulife Asset Management Appoints Head Currency Trader

Manulife Asset Management has hired Jason Fromer as managing director and head currency trader, a new position at the firm. The appointment was effective July 6. Based in the firm’s Boston office, Fromer reports to John Addeo, senior managing director and deputy CIO US fixed income. “Jason’s hiring represents a significant commitment of resources to […]

UBS Sees FRC Revenue Drop in Q2

UBS has become the latest bank to report a pullback in earnings from its financial markets business as volatility dampened in Q2. The bank says its foreign exchange, rates and credit (FRC) business unit had revenues of CHF 413 million in the second quarter of this year, 18% down from the first quarter’s CHF 721 […]

EBS BrokerTec Integrates My Treasury

EBS BrokerTec has combined MyTreasury into its product portfolio bringing FX into the corporate treasury-orientated business. MyTreasury is an Icap-owned, established money market fund (MMF) platform for the corporate treasury community. As part of the integration the firm is adding an FX offering onto MyTreasury, which will be available later this year. It will be […]

FX Turnover Edges Higher in October

The latest round of semi-annual foreign exchange turnover reports from the world’s FX committees indicate that turnover remains on an upward path from the Bank for International Settlements Triennial Survey taken in April 2010 – but only just in some areas. The data indicates a "BIS number" of $4.7 trillion – up from the official […]

And Finally…

Normally around this time of the year I announce this column will be taking a break and leave you with a prediction – often something along the lines of “markets will get busier”. Well, this column is taking a couple of weeks’ break to recharge the batteries on the opinion pack but the prediction is […]

Around the World

CME Group and Multi Commodity Exchange of India sign MOU CME Group and the Multi Commodity Exchange of India (MCX) have signed a memorandum of understanding (MOU) on various cooperation activities and potential business opportunities, including a joint viability study of setting up operations in an International Finance Service Centre in India. Under the MOU, […]

On the Move

LMAX Exchange Appoints Head of Institutional Sales for Asia Pacific LMAX Exchange has appointed Phillip Kim as head of institutional sales for Asia Pacific, based in Hong Kong. Kim is part of the team that globally reports to Andreas Wigstrom, head of international development at LMAX Exchange. Kim joins from Kyonai Shoken Limited, a Hong […]

Harris to Join EBS-BrokerTec?

Phil Harris is rumoured to have taken a senior FX role at EBS-BrokerTec. Market sources suggest that Harris, who had been working with Nasdaq OMX on a consultative basis until March 2015, will start in his new position with the trading platform operator today. Prior to joining Nasdaq OMX, Harris spent four years at 360T […]