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ALPS Fund Services is pushing commodities funds as investments with high return potential as the prices of oil and food continue to rise.

I had to laugh this week when I heard that prospective readers at BNP Paribas were unable to read The weeklyFiX.

“EUR/USD error occurred – Please try HKD/USD”,

“Listen, I’m not old enough”

Given the size of the daily flow in the FX market, it is no wonder that settlement remains a thorny issue.

Exchange-traded fund provider WisdomTree Dreyfus has listed four currency funds on NYSE Euronext. The funds provide US investors with an income based on Chinese, Indian, Brazilian and euro-zone deposit rates.

Given all the current concerns about credit and liquidity, one would assume that short-dated swaps futures would make sense.

Ellen Schubert, global head of fixed-income hedge fund business at UBS, has retired. Schubert, who was previously the bank’s global head of FX hedge funds and prime brokerage, was a popular and highly regarded member of the market. “We know Ellen very well here. She is an outstanding lady, I couldn’t think of a negative word to say about her and we wish her very well,” says one of her former hedge fund clients.

Broker Tullett Prebon talks a good book in its first interim management statement in accordance with the EU Transparency Directive and FSA requirements, which it released yesterday (Thursday).

UniCredit Markets & Investment Banking has hired Ray Monaghan, former Commonwealth currency trader at Deutsche, to trade spot Bill & Ben (USD/JPY) in London.

Credit Suisse has announced that Martin Wiedmann will be joining the bank as managing director and head of global FX sales and distribution. Wiedmann, who will start on June 1 and be based in Zurich, will report to Steve Yanez, head of global FX. He joins from Quaesta Capital AG, an FX focused hedge fund, which he established in 2005. Before this, he spent 10 years at UBS where he rose to global head of FX distribution. Wiedmann replaces Simon Meadows, who took up the role as recently as December 2007. Meadows apparently told the bank earlier this year that he was looking for new challenges after a 16-year stint at the bank.

John Nixon, chief executive of Icap electronic broking, has been appointed to the board of Icap plc as an executive director. “I am very pleased that John Nixon has become an executive director of Icap. With 30 years’ experience in the interdealer broking industry, involving both voice and electronic broking, he brings a very valuable perspective to the board,” says Michael Spencer, the company’s group chief executive. Nixon has been at Icap full time since 2004. Before that, he served as a non-executive director from 1999 to 2002 and before that he was chief executive of Tullett and Tokyo Forex, now part of Tullett Prebon.