Bell Moves to Martin Brokers

Paul Bell joins Martin Brokers in London as a broker on the forward cable desk, the company confirms. He joins from Tullett & Tokyo Liberty in London where he was head of the forward cable desk. At Martins, Bell will report to Cliff King, director and head of desk.
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Bayne Joins ABN’s Eastern Options Team

Clifford Bayne has joined ABN Amro’s Financial Markets business as an exotic options specialist in Singapore, the bank has confirmed. He will work in Singapore with Terence Yiu, head of regional currency options, and reports to Douglas Bongartz-Renaud, Amsterdam-based head of regional currency options. He joins from Standard Chartered Bank (title TBC), and has a […]
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Royal Bank of Canada Grows

Royal Bank of Canada makes two hires in London and one in New York, the bank confirms. Angelo Orsi has joined the organisation from Bank of America as a senior dealer for cable and aussie in London, and is joined by Chris Toort, also a senior dealer, on yen. Both men report to Mark Allen […]
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Changes at NAB

Peter Cunningham and Gary Dillon were recently appointed co-heads of the global FX business at National Australia Bank. The moves follow the departure of John Richards, global head of FX since 1997, who left the bank at the end of 2002 to pursue other opportunities. Both Cunningham and Dillon previously held senior positions within the […]
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ANZ Brings in Hardingham

ANZ Investment Bank has appointed Paul Hardingham to its European FX sales team as senior manager, UK institutional sales. Based in London, he will report to Sue Rasmussen, head of FX sales in Europe, and be responsible for managing FX sales with fund managers and the insurance group sector in the UK. Hardingham joins from […]
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Stacey Joins Morgan Stanley

Darren Stacey joins Morgan Stanley as a spot yen trader, the bank confirms. Based in London, he reports to Jens-Peter Stein, the bank’s head of FX trading for Europe. He joins from JP Morgan, also in London, where he fulfilled a similar role.
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Goldman Infuses Options Transparency with Responsibility

It has regularly been argued within these pages that to increase transparency and demand for derivative products, the processing of such instruments should be put online. It can equally be argued that derivatives have got a bad name (especially in the mainstream press), for their role in various financial ‘events’, and that the only way […]
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CLS Meets…and Beats…its First Challenge

While repeated delays marred the image of Continuous Linked Settlement (CLS), the period since its September 2002 launch has been nothing short of a success story. Volumes have been steadily rising, additional banks have become settlement members, and interest in third party CLS services has grown. Much of this is reflected in a report prepared […]
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FXall to Widen Product Range

Multibank FX trading portal FXall plans two major enhancements to its service in the second half of the year, with a system for prime brokerage messaging due in September, and an extension into the money markets by December. Now that it has established a strong presence in the FX portal space, FXall is turning its […]
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Kondor+ Operates Beyond FX

With regulators continuing to focus their steely gaze on institutional risk management, Reuters has taken the opportunity to unveil an upgraded version of Kondor+, its risk management system, augmenting the system with the addition of exotic fixed income, equity and credit derivatives, as well as vanilla assets. The latest iteration brings with it a link […]
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