FNX Launches Derivatives Modules on Sierra System

FNX has launched two additional derivatives modules to its Sierra System, which provides integrated trading, risk management and operational control across all asset classes. The derivatives and structured products add-ons were developed in conjunction with leading derivatives experts, Drs John Hull and Alan White. With the launch of this latest software, which complements its money […]
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MCM Signs Internet Tech Deal with Tibco

MCM has signed a deal with Tibco Finance Technology that enables it to simultaneously offer its currency, fixed income and equity services over Reuters, Bloomberg, Bridge/Telerate and Internet browers. MCM is now using Tibco’s TIBAuthor to publish more than 25,000 updates per day to its global client base. “TIBAuthor provides MCM a flexible platform that […]
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Banca Commerciale Italiana Hires 12 From San Paolo

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 its forex trading to its headquarters in Turin.
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RBC London’s Forwards Chief Stammers Exits the Market

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 forwards) about two years ago, overseeing trading in Europe and Asia. His deputy on the […]
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Deutsche Transplants Barrett From Far East to Frankfurt

Alex Barrett, who ran Asia-Pacific regional FX sales for Deutsche Bank from Hong Kong, has relocated to the bank’s headquarters in Frankfurt. Barrett takes up a new position as head of FX sales for Germany. He will be using his derivatives background to enhance the local effort, says an official. Barrett now reports locally to […]
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DLJ Plans London Unit – Jury Leaves New York

Ken Gettinger, global FX manager for Donaldson, Lufkin & Jenrette, says now that the New York team has been operational for a year, he is close to announcing a new manager to build a London team. Separately, in New York, chief dealer Steve Jury has left the investment bank to pursue other interests, say sources. […]
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NatWest Hires From JP Morgan Pool in London and New York

NatWest Global Financial Markets bolstered its derivatives team in London and New York with two hires from JP Morgan. Jeremy Gelber joins the currency options desk the City, while Steve McCaughly joins the New York desk. They report to Luke Ding and Tim Carrington in London. In another JP Morgan hire, NatWest has added Lauren […]
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RepNat Shuts Fledgling Zurich Forex Operation

Less than a year after hiring a team from UBS to start a trading operation in Zurich, Republic National Bank of New York (which is currently in the midst of a merger with HSBC) has closed shop and shifted trading to London. According to a spokesperson, all the traders have been let go. Although the […]
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