BNP Paribas

Social media finds a foothold in FX

Banks are evaluating the value that can be delivered to the foreign exchange business by investing in social media. What are the potential benefits and challenges of using such tools? Chiara Albanese reports

Spotlight on: Clive Banks, BNP Paribas

The global head of FX and local market sales at BNP Paribas in London talks to Joel Clark about the bank’s plans to strengthen and expand its FX franchise over the next three years, with a particular focus on technology and emerging markets

RBC to roll out decimalisation on FX Direct

RBC Capital Markets plans to launch decimalised pricing in the second half of the year on its single-dealer platform, FX Direct, bringing it into line with banks including Deutsche Bank, Royal Bank of Scotland, Citi and Barclays Capital.

SocGen strengthens strategy team

Société Générale has strengthened its foreign exchange strategy team with three new hires in London, following the departure last year of senior FX strategist Valentin Marinov in London.

Global FX Division establishes FXPB

The Global FX Division (GFXD) of AFME/SIFMA/ASIFMA announced the formation of a working group to focus specifically on the challenges and issues surrounding global FX prime brokerage (FXPB) and to implement over-the-counter FX clearing for clients.

RBS bucks downward FX trend

Royal Bank of Scotland (RBS) bucked the downward FX trend among dealers, reporting its first year-on-year rise in revenues in 2010 from its currencies and commodities division in the third quarter.

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