FX Veteran Grabs Top Level Role at State Street
Mon 25th Aug 200806:00:00
State Street has appointed industry veteran David Puth to a newly created position as head of investment research, securities finance and trading activities globally
State Street has appointed industry veteran David Puth to a newly created position as head of investment research, securities finance and trading activities globally
Bank of America last week revealed its most recent senior level additions to its New York and London foreign exchange teams
SEB Asset Management last week (August 20) went live with its first ever multi-manager currency fund
In a move that signifies a liberalisation of China’s foreign exchange regulations, Travelex has been awarded an ‘Authorised Foreign Exchange’ licence by the Chinese government
Market sources report that a member of the trading team at the Federal Reserve Bank of New York is to leave the central bank
The Johannesburg Stock Exchange (JSE) is to launch currency options trading at the exchange, according to sources within the JSE
CME received the backing of the minimum 75% of Nymex members and minimum 50% of shareholders last week (18 August) in its takeover bid
Tullett Prebon’s CEO Terry Smith and chairman Keith Hamill are likely to retain their positions in a combined Tullett/GFI Group entity if the merger goes ahead
The National Stock Exchange of India (NSE) is launching currency futures contracts on 29 August, following receipt of final regulatory approvals this month (see Squawkbox 18 August)
Citi is reorganising its Asia Pacific businesses, resulting in its Markets unit, which includes foreign exchange, becoming one of seven product groups
The Tokyo Financial Exchange (TFX) will allow margin trading in a new range of currencies and non-Japanese yen crosses from 27 October, according to media reports on Friday
David Emerick has joined CME Group’s foreign exchange sales team in London
Foreign exchange analysis company 4Cast has hired two salespeople to its London team
Currency strategists Kathy Lien and Boris Schlossberg have joined online trading firm GFT in New York as directors of research within the currency research division
State Street has launched a derivatives servicing platform that performs automated middle and back office processing for over-the-counter (OTC) derivatives
Citi Securities and Fund Services (Citi SFS) and the Korea Securities Depository (KSD) have formed an agreement to provide daily turnaround investment services
Deutsche Bank has launched the db Asian Inflation Proxy Index, a tool that tracks inflation in Asia, excluding Japan, and enables investors in Asia to hedge inflation in the region
Gold futures priced in Thai baht will be launched by the Thailand Futures Exchange (TFEX) next month
MG Forex, a retail foreign exchange trading provider which is part of MG Financial Group, has released a new trading platform
Saxo Bank has reported profits before tax of €21.7 million in the first six months of 2008, a growth of 57% compared to €13.9 million in 2007
Online retail foreign exchange provider Forex Capital Markets reported record volumes traded in July
Some items that grabbed the attention of the Squawkbox editorial team this week…
In spite of all those jokes we used to play on the trainee surrounding sending him or her to the bank to exchange our sterling for Scottish pounds ahead of a desk weekend away, readers may be surprised to hear that a week on holiday in sunny (not!) Scotland does not stimulate the foreign exchange juices