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David Tait, an FX trader at Peloton Partners, has chosen an extreme way to take a break from the troubled hedge fund. On March 29, he is off to climb Mount Everest – again. Tait has already been up to the top twice, so you’d think he’d now know better.

Broker Tullett Prebon’s preliminary results for the year ended December 31, 2007, show that the company’s revenue rose 20% to £753.8 million, using constant exchange rates. Its operating profit rose 19% to £131.8 million. Adjusted profit before tax came in at £114.4 million.

The National Futures Association has decreed that as of June 1, Forex dealer members (FDMs) must provide their customers with what it describes as “prescribed disclosure language.”

Deutsche Bank is believed to have suspended Riccardo d’Antonio, its head of Italian FX sales, and his subordinate Santo Caristo. Antonio, whose FSA registration became inactive on March 4, was based in London, while Caristo was working out of Milan. Sources say their suspension stems from a very small loss incurred by one of their clients, which led to an abuse of the bank’s booking procedures. Deutsche was unable to comment. I used to trade the lira, and if Deutsche needs a short-term replacement, I’m prepared to offer my services.

Calyon is reported to have recruited Chris Ball for a role in London on FX CTA sales. Ball left Merrill Lynch in January.

David Cowley has left his role in FX corporate sales at Bank of America and is rumoured to be off to Deutsche Bank in an as-yet unknown capacity.

UBS held a reorganisation of its FX & Money Markets (FXMM) business at the end of January and the changes seem to be biting. The biggest beneficiary was Darren Coote, who has moved up to the role of global head of FX trading. UBS says the move is part of its “continued efforts to strengthen our global trading business. We are convinced that the talent and energy of the new unit will propel our FX businesses to even greater success in the future.”

Citi has made three hires in its FX options business. Charlie Cernosia will join the yen options trading team in April as a director from Lehman Bros in New York; Nathan Swami also joins the yen team in April from the same bank, but this time in Singapore, and with the same rank. According to Nigel Khakoo, Citi’s head of G10 options trading, Swami’s technical proficiency will help further develop the bank’s exotics platform. Finally, Citi has hired Neil Boston in its options technology team as director and chief technical architect. Boston has the task of building the bank’s next generation of pricing and risk management systems. His previous role was at Merrill Lynch; he is due to start at Citi on May 5.

Global futures brokerage Newedge has hired Adrian Jones as a senior FX Dealer for its team in Sydney. Jones, who has more than 20years’ experience in the market, reports to Mike Bailey, head of FX Europe and deputy global head of FX, and Max Smith, Newedge’s global head of FX based in North America. Newedge has also recently announced the opening of a full-service office in Dubai and it has relocated senior FX trader Frederic Vibert to push its Middle East FX sales.

I know you'd rather get your FiX than have a day off, but we acknowledge Good Friday.

Rydex Investments is looking at ways to help educate advisors and investors about its line of currency exchange-traded funds.

Pax World Funds plans to launch three ETFs in the next year