Jason Vitale, global head of FX prime brokerage and
European head of fixed income PB at Deutsche Bank,
neatly sums up the ethos of the unit: “Success in this
business means aligning yourself with all aspects of your
Since taking over Citi’s global FX prime brokerage business last
year, Sanjay Madgavkar has been applying his background in
margin FX, e-commerce and FX sales and trading to extend the
business across client types and geographies. Julie Ros reports.
It is easy to consider BNP Paribas as a relatively new player in
the FX prime brokerage space, but that would be wrong. As
an institution, BNP Paribas entered FXPB around five years
ago, but it did so through buying ...
Colin Lambert introduces a Profit & Loss special report on the FX prime brokerage industry.
In many ways the FX prime brokerage business is a
microcosm of the wider FX industry. If there is a piece of
regulation likely to impact ...
Without doubt the FX market
could do without claims such as
those made by Bloomberg News
regarding the WM/Reuters Fix. That said,
if bad practice exists, it is the job of the
media – the Fourth Estate – to highlight it
Currency hedge funds reported gains in
March, according to the Parker FX
Index report from fund-of-funds manger,
Parker Global Strategies.
Funds in the index reported an
aggregate return of 0.72% in March. A
total of 41 of the 45 programmes in the
The Australian dollar is the Michelin three-starred restaurant
of the currency world. As the highest-yielding currency of
any triple-A rated economy, it attracts capital inflows that
are sensitive to the credit rating first and the ‘value’ of the
currency second. ...
If malpractice over Libor fixings wasn’t enough, the banking industry is now likely to be hit by another
fine – this time in the UK for mis-selling interest rate swaps. Colin Lambert reports.
Britain’s Financial Services Authority says that ...
Colin Lambert reports on concerns in Singapore over behaviour surrounding some NDF fixings.
With the banking industry already reeling
from the discovery of malpractice in
money market fixings (see Libor story this
issue), evidence of wrongdoing has spread into the
Colin Lambert reports as the Royal Bank of Scotland reaches a deal with regulators over Libor malpractice.
The Royal Bank of Scotland (RBS) has been hit with fines
from the US Commodity Futures Trading Commission, the
US Department of Justice ...