Articles by FX Markets Staff
China regulator to allow sterling/renminbi trading
SHANGHAI – China's foreign exchange regulator said last week it would permit trading of the renminbi against sterling on its FX market from August 1.
MetaQuotes launches mobile trading platform
KAZAN – MetaQuotes Software, a Tartastan-based information and technology vendor, will launch a new mobile trading terminal on August 1.
Gain takes on Refco legacy business
NEW YORK – The future of Refco's 15,000 retail accounts looks a little more secure after last week's proposed deal with futures commission merchant Gain Capital.
Ex-NAB traders jailed
MELBOURNE – The final chapter of the National Australia Bank (NAB) trading scandal unearthed in 2004 closed last week, with the last two forex options traders jailed.
Eurobase signs software deal with StanChart
LONDON – Eurobase Banking Solutions and Standard Chartered Bank have signed a deal where the latter uses Siena XML Gateway to manage FX price-streaming to additional e-FX trading portals.
Aegis Software offers algo trading for FX
NEW YORK – Trading technology vendor Aegis Software has added support for FX electronic communications networks (ECNs) to its AthenaTrader multi-asset order execution system for global equities, futures, options and FX.
HSBC realigns FX in US
NEW YORK – HSBC has re-aligned forex management in New York amid broader changes for its US operations.
CME takes Swapstream for $15m
CHICAGO – The Chicago Mercantile Exchange (CME) is acquiring multi-dealer interest rate swaps trading platform Swapstream for $15 million.
FX Week USA: the future in one day
This year's FX Week USA conference looks set to be the best yet. Now in its third year, the event will host senior speakers from across the industry. There will be a keynote address from Peter Borish, chief executive of Twinfields Capital Management,…
CME volumes up in Q2
CHICAGO – Volumes for FX products at the Chicago Mercantile Exchange (CME) were up 42% in the second quarter versus the same period a year ago.
Power to the peso
The Mexican peso's future is in the hands of a new administration, says Lewis Emmons, emerging market analyst at Informa Global Markets, London
How to position in emerging Asia?
Ben Simpfendorfer, Hong Kong-based Asian strategist for the Royal Bank of Scotland, looks at how to gain exposure to emerging markets amid fears that they will sell off
Trading tech spending to exceed £3bn in UK
LONDON – Trading technology spending by UK financial institutions is set to rise above £3 billion per year, according to a dealing room survey from advisory and consulting company Kimsey Consulting.
Electronic FX talent must be rewarded
This week sees the e-FX awards handed out to the best and brightest in the industry. I can't give a sneak preview of the winners as they will be revealed on Tuesday and covered in next week's issue. However, I'd like to share some observations that the…
UBS move to Zurich sparks first departures
ZURICH & LONDON – UBS's decision to exit London and move to Zurich has led to the first departures at the bank.
Goldman Sachs gets Korean branch licence
SEOUL – Goldman Sachs has obtained a local banking branch licence in South Korea, enabling the investment bank to provide clients with a range of financial services products in the country. South Korean financial regulators will allow Goldman to provide…
BrewerFX partners with Learn: Forex
CHICAGO – BrewerFX, a subsidiary of wealth management firm Brewer Investment Group, has selected Learn:Forex, the US-based FX learning institute, as its exclusive partner for managed FX trading and FX education.
Conference vendor news
This year's New York event has more vendors than ever. Here we present a quick guide to what some of them will be promoting
Deutsche spot head departs
GLOBAL – There has been a further senior change at Deutsche Bank, with global head of spot trading Ralf Sellig departing earlier this month.
Algorithmic trading takes centre stage
LONDON – The algorithmic trading market has mushroomed to around one fifth of the total volume of FX trading, according to Icap, London-based interdealer broker.
Creating an algorithmic safeguard
Stuart Crooks, vice-president, sales for FlexFX in London, points to algorithmic trading as a way to keep up with the increasing speed at which the market moves
FX investors defrauded
FLORIDA – Some 250 retail FX investors are set to receive $2.7 million in compensation, after a fraud committed by Gibraltar Monetary Corporation was uncovered by the CFTC.
E-FX luring bank talent
LONDON – Players in the e-FX space are luring talent from traditional banks as the e-forex landscape evolves, according to market participants.