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Nick Slater, previously with Nomura International in London, joined BP International’s London treasury team as chief dealer. He reports to Stephen Nussey, who heads the global forex operation for BP.  
Bass International has hired Lee Miles as its new assistant manager in London. Miles, who joined June 1, was most recently at Peugot in Coventry. He reports to treasury manager Jerry Pettit.
According to sources in London, Banca Commerciale Italiana (BCI) has hired a team of a dozen dealers, including treasurer Eugenio Namor from San Paolo Bank. Namor could not be reached by press time. These sources say San Paolo has relocated ...
Andrew Stammers, who headed global FX forwards for Royal Bank of Canada in London, left the market in the spring to spend more time with his family, says an official. Stammers was named head of global forwards trading (excluding Canadian ...
UBS has lost about a half-dozen traders from its London spot desk in recent months. Among those that have left the bank are: Steven Walker, Stuart McPhee, Paul Carlier, Giovanni Pozzi and Bjarne Olesen, a spokesperson confirms. Walker has joined ...
Noel Eichbaum, director and head of Asia-Pacific regional money markets for Credit Suisse First Boston, has relocated to Tokyo from Singapore. The move caps an effort begun nearly 18-months ago to consolidate the bank’s regional money markets business in ...
David Reich, formerly the National Australia Bank’s spot and options manager in New York, joined Bank Julius Baer in late May, sources say.
By Chris Dunne, Reuters Limited According to most estimates available in the market today, only about 10% of the total volume of FX trading is transacted specifically for the delivery of a currency. This leaves the vast majority of FX trading ...
By Martin Gymer, FX Derivative Consultants The quickest way to interrupt the flow of an articulate, intelligent, Exotic Option Trader is to ask them about the higher order Greeks. Most are programmed to politely or otherwise immediately change the conversation ...
By Gene Frieda, 4Cast The speed with which Brazil has staved off a devaluation-driven inflation spiral and domestic debt default has confounded the sceptics. Before Argentina stepped in the way, debt spreads had approached pre-Russian crisis levels barely two months ...