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The USD vulnerability we expected has not happened but bonds and stocks have proven very sensitive to higher yields. We offer our explanation in terms of surplus countries’ investments.

More on David Puth

Read the views of; Jack Jeffery, former chief executive ICAP Electronic Broking; Chip Lowry, senior managing director, Global Link; David Ogg, Head of Lava FX; Robin Poynder, Head of Treasury for Focus Group Accounts and Ed Nelson, Global Head of Business Operations, Treasury; Lars Seier Christensen, chief executive, Saxo Bank; Drew Niv, chief executive officer, Forex Capital. Expert FX comment by people in the know.

In a statement before its annual general meeting this week, Tullett Prebon’s chairman, Keith Hamill, warned that the dollar’s weakness would reduce the growth rate of the company’s revenues. However, the mild profit warning was countered by a relatively upbeat statement about the company’s wider embrace of electrnic broking.

Icap has confirmed market rumours that EBS veterans James Sinclair, Ed Howorka and Darren Jer have all resigned this week.

I mentioned to an old mucker, who is head of FX at what could be termed a regional bank, that FXMS suddenly seemed to be doing quite well in EUR/JPY. “It’s the cheapest way of pumping up the volume. It’s probably some local bucket shop doing the arb between EUR/USD, USD/YEN and EUR/JPY,” was his, even by my standards, very cynical response.

Word reaches me that UBS’s back office collapsed last Friday after the release of the US non-farm payrolls.

The UK’s Financial Services Authority has granted CME the status of a recognized overseas clearing house. This will, it says, allow it to clear products that are not traded on the centralized markets run by the CME in the US, including, it points out, currency forwards, “that may be or will soon be offered by FXMarketSpace.” This could further boost the platform’s prospects.

Reuters released a new version of its Reuters Trading for Foreign Exchange (RTFX) platform this week. I hear that the snappily labelled RTFX Version 2 has been well received.

Read the views of: Richard Leighton, global head of FX, Standard Chartered; Chris Mandell, global head of FX, Bank of America; Lars Hakanson, head of Foreign Exchange and Derivatives for Europe and Asia, Société Générale Corporate & Investment Banking; Andrew Brown, global head of FX at HSBC; Fabian Shey, global head of FX distribution, UBS Investment Bank; Ivan Ritossa, global head of FX and head of Asian trading at Barclays Capital; Zar Amrolia, global head of Foreign Exchange at Deutsche Bank; Roger Hawes and Martin Spurr, Royal Bank of Scotland. Expert FX comment by people in the know.

There is a long list of appointments made this year – some recent, some slightly older: Thomas White, Kaushik Dutta, Wilson Quihui Lee, Jeremy Ong, Angela Tan, Kotaro Kunimochi, Hideaki Furumaya, Sean Statuto, Justin Mitrani, Robert Gomprecht, Burt Sheaffer, Joe Landes, Christopher Hughes, Kevin Zhu, Herbert Perez, Siobhan Barry, Gavin Millbank, Ralph Wopshott, KengSuan Goh, Sophie Charlotte Bundle and Sophie Farivarz.

Junpei Yamamoto, Takamoto Osawa, Toshikatsu Furumi and Minako Harimoto.