Articles by FX Markets Staff
Saxo to open in Singapore
COPENHAGEN & SINGAPORE – Saxo Bank is opening an office in Singapore to serve its growing client base in the region.
Russian event for e-trading trends
MOSCOW – Russian bank Investsberbank and Lava trading will present an international seminar on current trends in e-trading in Moscow at an event hosted by ACI Russia, on June 20.
Looking at the past with an eye to the future
Saturday MANILA – Saturday kicks off with a long view of the FX market, as a panel discusses how currencies have developed in recent times. The session entitled 'Evolution of currencies fixed to floating/ national to regional will be moderated by…
Bloomberg continues FX boost
NEW YORK – Bloomberg is continuing to build up its forex capabilities with a new information product called FXIP (foreign exchange information platform).
A simple strangle for EUR/GBP vol
Currency managers can insure against unexpected moves in the EUR/GBP using a simple low-cost method, says Neil Mellor, currency strategist at the Bank of New York in London
ADB explores Asian currency unit
HYDEREBAD – The prospect of a single currency unit for Asia came one step closer to reality this month at talks organised by the Asian Development Bank (ADB) in the the Indian city of Hyderebad earlier this month.
CME to offer won trading
SEOUL & CHICAGO – Chicago Mercantile Exchange (CME) and the Korean Ministry of Finance and Economy (MOFE) have announced plans to list futures and options on futures on the Korean won.
Misys signs with China Bohai
BEIJING – China Bohai Bank has gone live with vendor Misys Banking Systems' Misys Opics and its risk management module, Misys Opics Risk for FX and other asset classes.
BoA boosts sales and trading
NEW YORK – Bank of America (BoA) has boosted its global FX business with three hires in New York and Singapore, it has confirmed.
COESfx forms strategic partnership
PLAINVIEW, NY – COESfx, an online foreign currency trading firm, has formed a strategic partnership with Connecticut-based daily market forecasting company Crosscurrents Investment Advisory Service.
New FX sales chief for Citi
NEW YORK – Citigroup has made Anu Jayanti global head of FX sales in New York.
TraderTools goes with the flow
NEW YORK – Financial systems integrator Worldflow and vendor TraderTools have formed a strategic alliance whereby the former extends implementation and support capabilities of TraderTools' e-FX platform across Europe.
FXC amends documentation for Asian currency NDFX
NEW YORK – The Foreign Exchange Committee last week amended its non-deliverable FX (NDFX) documentation for transactions involving Asian currencies. The changes made last Wednesday (May 17) will update the template terms for NDFX transactions for six…
Still early days for the retail boom
The deadline for this year's e-FX awards fell on Friday last week, and the entries for the various categories are instructive about the current state of the industry.
SEB selects Monarch for MAP
STOCKHOLM – Skandinaviska Enskilda Banken (SEB) has selected Monarch Capital Management as a manager in its FX Managed Alpha Product (FX MAP) currency platform.
EBS hits daily volume record
LONDON – EBS hit another daily volume record last week, amid volatile market conditions.
Manila plays host to forex industry
Friday MANILA – The conference proper starts on Friday, with welcome remarks from Amando Tetangco, governor of the Bangko Sentral ng Pilipinas, and the secretary of the department of finance, Margarito Teves. Delegates will then hear from the president…
Letter To The Editor
I enjoyed reading your article (page 6, May 15) on the toxic flow and the entry into retail business by banks.
SuperD adds hedging
NEW YORK – Online options trading platform SuperDerivatives has added a number of features to its SD-FX currency option platform.
vwd updates trading system
FRANKFURT – German data vendor vwd enhanced its market-manager trading system at the end of Q1 and is set to update portfolio manager next month with FX data, according to officials.
E-trading for Calyon Financial
PARIS – Calyon Financial, the brokerage arm of French bank Calyon, last week launched an online forex trading platform called Calyon Financial FX Edge.
Bloomberg continues FX boost
NEW YORK – Bloomberg is continuing to build up its forex capabilities with a new information product called FXIP (foreign exchange information platform).
Post-trade is the key to success
Howard Tolman, director of sales at technology vendor Logicscope, points to the recent e-trading survey from BarCap as evidence that post-trade service is more important than pre-trade functionality in winning and keeping clients