Currenex Connects with FIX

Currenex has completed its FIX compatible service for streaming FX rates. The new system enables market participants to execute trades with Currenex’s Executable Streaming Prices (ESP) service using the FIX 4.2 protocol. The FIX service was introduced at the request of a number of price makers interested in ESP trading, the multibank portal says. “We […]
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Devereux Joins BBH NY

Colin Devereux has joined Brown Brothers Harriman (BBH) in New York as a senior trader. He reports to Peter Lorraine, managing director of BBH FX in New York. He joins from UBS in Singapore, where he traded Swiss and local Asian currencies, prior to which he spent three years at UBS’s Stamford operation, where he […]
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ACI Responds to FX Arrests in New York

ACI – The Financial Markets Association has released a statement regarding the arrests of 48 individuals in the New York FX market. “Although thousands of dealers, in centres all over the world, are conducting their daily business in a highly professional way and under the highest ethical standards, the fraudulent actions of these individuals, representing […]
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Goldie-Morrison Resurfaces at Icap

Duncan Goldie-Morison joined money broker Icap as a non-executive director on November 20 as a member of the audit, remuneration and nominations committees. Earlier this year, he left Bank of America, where he was managing director, head of the global markets group and head of Asia (see Profit & Loss, March 2003), and is currently […]
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BarCap Adds Leonard

Tom Leonard, formerly a sales dealer at HSBC in New York, has joined Barclays Capital, as a director, confirms Ivan Ritossa, London-based global head of FX. Leonard will report to Eric Price, New York-based managing director and head of foreign exchange distribution for the Americas. At HSBC, he was a senior vice president for FX […]
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Ferraro Joins Lehman

Martin Ferraro is to surface at Lehman Brothers in New York, a spokesperson confirms. He will join Lehman as executive director and senior sales person in institutional FX on December 1, reporting to Mark De Gennaro, New York-based global head of FX sales. Ferraro left BNP Paribas last week. He had been head of FX […]
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Forex Market Shaken By US Sting Operation

The investigation was conducted jointly by the Office of the United States Attorney and the New York Office of the Federal Bureau of Investigation (FBI) in conjunction with the Commodity Futures Trading Commission and the US Securities & Exchange Commission. According to the FBI, two different types of fraud are being alleged. What is known […]
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Saxo Live on CLS via UBS

Saxo Bank has become a third party settlement member of Continuous Linked Settlement through UBS. Fourth party members of CLS through Saxo and UBS will be able to begin trading in the New Year, with a spokesperson noting that it could add substantial flow to CLS’s figures. Saxo currently has more than 30 white label […]
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Mallon Joins Westpac

Dorene Mallon has joined Westpac in New York as a senior vice president of institutional FX sales, a spokesperson confirms. She joins from HSBC New York, where she held a similar role, and reports to David Beale, Westpac’s London-based global head of FX institutional sales. The spokesperson says that the hire is a response to […]
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Hedge Funds Warned of Black Eye

Capco, the financial services and technology provider, has predicted that valuation issues of hedge funds are likely to become the next major “black eye” for the hedge fund industry. “Unless certain practices become more widespread, the industry faces a potential crisis of confidence with institutional and high net-worth investors,” say Stuart Feffer and Christopher Kundro, […]
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