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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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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Contracts For Differences: A Coming of Age?

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 in the speculative arena, where actual delivery is not only inconvenient but also expensive […]
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Higher Order Greeks – Volatility of Volatility

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 to a more agreeable topic. The higher order Greeks certainly hold the key to understanding […]
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CSFB’s Eichbaum Relocates to Tokyo As Part of MM Consolidation in Asia

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 Tokyo. The bank is keeping a sales presence in Singapore and Hong Kong, but trading has […]
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BRAZIL: BACK FROM THE BRINK – BUT HOW FAR?

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 after the Real looked on the verge of an untimely death. However, there are some […]
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