Derivs - FX

RBC Capital Markets has hired a pair of fx salesmen from Commerzbank in New York: Vincent Faust, a director, and Matt Novogratz, a v.p.

The soon-to-be created European Supervisory Authority (Securities and Markets) will be responsible for regulating clearing houses under new plans revealed today.

A landmark court ruling favoring Citigroup and Woori Bank over Korean corporate Soosan Heavy Industries in a dispute over a knock-in knock-out fx trade has unsurprisingly been welcomed by banks

Calyon has hired Nathan Sinclair, an fx prop trader at Standard Chartered, as a director and G10 currency options trader based in Hong Kong.

The majority of Economic and Monetary Affairs Committee members at the European Parliament and officials at the Internal Market and Consumer Protection Committee, are supporting Michel Barnier as the European Commissioner for Internal Market & Services.

Bank of America has made a series of senior derivatives hires in Asia in the last three months.

Goldman Sachs sold a reverse knock-out put on the euro against the U.S. dollar on Tuesday with a notional of USD1 billion and an expiry of around March 29.

Stanley Zau, head of Asia-Pacific emerging markets trading at RBC Capital Markets in Hong Kong, left last week.

Morgan Stanley has hired Nick Strain from Royal Bank of Scotland to head up the firm’s emerging markets institutional fx sales business in the region, a new role.

LCH.Clearnet is set to launch a platform for clearing over-the-counter fx options.

Bank of America has hired Ben Rosswick to head up G10 fx options trading for Asia Pacific in Hong Kong.

Jim Iorio, head of fx derivatives sales at Barclays Capital in New York has relocated to the firm’s Singapore office to head fx distribution for non-Japan Asia, a new role.