Articles by FX Markets Staff
Rouble now fully convertible
MOSCOW – The Russian rouble became fully convertible last week, signalling a new era for the country's financial markets.
CMS updates VT Trader
NEW YORK – Online currency-trading firm CMS Forex has introduced a new version of its chart-based platform, VT Trader, with 100+ tools and technical indicators, enhanced charting and more customisable options.
Harnessing e-FX benefits
FXall's Mark Warms, general manager, Europe, says treasuries should consolidate their trading functions.Platforms can help them do this, but flexibility is needed
CLS Bank settlement volumes rise in May
NEW YORK – CLS Bank International (CLS Bank) has reported a further rise in settlement volumes.
EM currency positions hit
LONDON – The sharp moves in emerging markets (EM) currencies seen over the past few months are likely to lead to a shake-up in trading strategies.
Asia Pacific: RBS launches US dollar swap trading in Asia via Bloomberg
HONG KONG – The Royal Bank of Scotland (RBS) launched US dollar swap trading last week during Asia business hours on Bloomberg.
Getting ahead in algo trading
LONDON – Progress Software, the technology vendor, has published a guide for the buy-side on how to get ahead in algorithmic trading in FX and other asset classes.
Asia Pacific: Korean agency to manage $17bn of forex reserves
SEOUL – Korea Investment Corporation (KIC) signed a contract with the central bank of Korea last week to invest $17 billion of the country's foreign exchange reserves, according to the KIC.
A brave new world for foreign exchange?
Talk of a new platform being launched by Lava and the CME/Reuters joint venture makes it feel as if the FX market is about to experience a revolution similar to that which it saw at the start of the millenium.
Asia Pacific: Intervention still a factor
BASEL – Reserve accumulation by the Asian FX market failed to stem the appreciation of a number of Asian currencies, according to the BIS's 76th annual report published last week.
BoA launches streaming FX options
NEW YORK – Bank of America has launched streaming options on its FXtransact web-based platform.
New algo trading tool from tech vendor trio
NEW YORK – Technology vendors Portware, Random Walk Computing and IBM have teamed up to launch Portware on Power, a new system for algorithmic trading.
CME to offer Renminbi
HONG KONG – The Chicago Mercantile Exchange (CME) announced last week that it is set to list futures contracts and options on futures on the Chinese renminbi against the US dollar, the euro and the yen.
FXC issues guidance paper on autodealing
NEW YORK – The Foreign Exchange Committee (FXC) has published a paper on autodealing, covering market impact and best-practice recommendations for dealers and prime brokers.
Play equities and bonds through FX
Adam Cole, senior currency strategist at RBC Capital Markets in London, analyses how currencies move as bond and equity markets fluctuate
Lava spreads to Russia
MOSCOW – Lava Trading will introduce trading in the Russian rouble on its FX trading platform, Lava FX, it announced at the ACI Russia International FX seminar in Moscow last week.
GFI rolls out pricing tool for structured products
NEW YORK – Interdealer broker, GFI has released a new version of its pricing and risk management software, incorporating a structuring and pricing tool for structured products.
CLS in MarketSpace talks
NEW YORK – CLS is in discussions with Reuters and CME about the clearing element of the MarketSpace initiative, as the settlement system seeks to ensure its long-term sustainability.
Wan resurfaces at WestLB
HONG KONG – Dennis Wan, former head of China sales and head of FX sales for Asia at JP Morgan, has resurfaced at WestLB.
SuperD hires for e-trading capability
LONDON – SuperDerivatives is developing online trading capabilities for its options pricing and risk management software, and has made a senior hire to lead the effort.
Currenex signs two STP deals
LONDON – Currenex, the FX platform and technology vendor, has signed two straight-through processing (STP) deals with technology vendors BT Radianz and Wall Street Systems (WSS).
MarketSpace: a tough challenge for CLS
The joint venture between CME and Reuters to create a market-wide FX exchange has every chance of changing the face of the industry.