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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.

Van Eck Global is readying a series of emerging markets exchange-traded funds. Van Eck filed with the Securities and Exchange Commission for five Market Vectors ETFs, including its first offerings focused on Africa and the Middle East. The Emerging Europe, Global Frontier and Gulf States ETFs will track indexes of companies with over $100 million market capitalizations, while the Africa and Vietnam ETFs target companies with over $200 million. An index provider was not listed.

Read the views of Andrew Brown, global head of FX, HSBC; Jeff Feig, global head of G10 FX, Citibank; Fabian Shey and Reto Stadelmann, global co-heads of FX & money markets, UBS; Eddie Listorti, head of FICC, Dresdner Kleinwort; Lars Hakanson, global head of FX, Société Générale; Alain Delelis, head of FX in the Americas, Credit Suisse; Gerhard Seebacher, head of rates and currencies, Bank of America; Dan O’Sullivan, head of global FX trading, UniCredit Markets & Investment Banking; Ivan Ritossa, head of global markets trading, Asia Pacific, and head of FX and prime services, Barclays Capital; Zar Amrolia, managing director, global finance and FX, Deutsche Bank.

Andre Esteves has quit his role as global head of fixed income, commodities and currencies (FICC) at UBS, the troubled Swiss investment bank.

The data used to calculate LIBOR may be improved by threatening the participating banks, but how can we deal with official statistics which have been creatively manipulated for decades?

The Options Industry Council has stepped up its promotion of options trading to asset managers on the heels of sponsoring a study that proved that collaring PowerShares QQQ exchange-traded fund strategies with options optimized returns.

FX awards: photos from the event