Articles by FX Markets Staff
Retail rollout for major banks
GLOBAL – A number of banks are launching retail FX offerings this year as they see growing opportunities for attracting flow from this market.
Nutland takes on larger role at Calyon
LONDON – French bank Calyon has named Steve Nutland as global head of trading, spot and options in London.
Diversifying through Africa
African basket options are a good vehicle for picking up yield and diversifying away risk, says Marios Maratheftis , FX strategist at Standard Charterd Bank in London
Launches maintain rapid rate of change
The forex market is going through rapid evolution, with banks trying to engineer a market that better suits their needs.
FNX adds more liquidity sources
PHILADELPHIA – Technology vendor FNX Solutions is linking to five more liquidity providers to give customers a wider range of sources to which they can link their execution engines.
Rouble convertible by July – Putin
MOSCOW – Russian president Vladimir Putin wants to make the Russian rouble a convertible currency by July 1 this year, he said last week.
BarCap builds in Asia
SINGAPORE – Barclays Capital (BarCap) has continued its aggressive approach in Asia with the creation of a new head of trading role in Tokyo and four new appointments in Tokyo and Singapore.
Retail rollout for major banks
GLOBAL – A number of banks are launching retail FX offerings this year as they see growing opportunities for attracting flow from this market.
Another new high for EBS
NEW YORK – EBS recorded another record day on May 11 as market news led to a huge spike in trade.
Misys enhances treasury platform
LONDON – Software vendor Misys has updated its treasury platform to improve the rate of matching instructions on FX deals.
CLS cuts prices for low-value, high-freq trades
LONDON – CLS Bank has introduced a new pricing structure that sees charges slashed for settling low-value payment instructions, as it seeks to attract low-value high-frequency trading business.
EBS adds rand to spot trading
LONDON – Interdealer broker EBS has added the South African rand to its spot matching system in conjunction with South Africa's largest liquidity providing banks.
Deutsche Bank reorg sees return to Tokyo
GLOBAL – Deutsche Bank is to open a trading desk in Tokyo as it reorganises senior foreign exchange man agement across three continents.
Differentiate to accumulate
Banks are taking a variety of approaches to make money in a high-volume, low-margin environment, says Giulio Pignatti-Morano, FX & MM solutions manager at Calypso in San Francisco
Where have all the petrodollars gone?
Jeffrey Young, managing director, head of currency research, and Eric Darwell, vice-president, currency strategist VP at Citibank in New York, analyse where 'petrodollars' are going and the ramifications for the greenback
Reuters and CME to set up FXMarketSpace
LONDON & CHICAGO – Industry heavyweights Reuters and the Chicago Mercantile Exchange (CME) have confirmed plans to establish a centrally-cleared FX market-place for early next year, as reported by FX Week (May 1).
Currenex takes algo plunge
NEW YORK – Currenex is moving into algorithmic trading with the launch of CX SmartOrder, a platform that enables customers to use a number of standard models or to create their own.
RBC creates dual senior role
TORONTO & LONDON – Canadian bank RBC Capital Markets, has restructured its FX operations, implementing a new management hierarchy to reflect a more global focus.
Systematic and technical managers gain in March
The best- and worst-performing managers in March were systematic, while technical managers occupied the lower and middle ground
GFI sees Q1 profits soar
NEW YORK – Inter-dealer brokerage GFI Group last week revealed an increase of more than 50% in first-quarter revenues over the same period last year.
Philippine central bank and BoJ sign second bilateral swap deal
MANILA & TOKYO – The central bank of the Philippines (BSP) and the Bank of Japan (BoJ) have signed a second bilateral swap arrangement (BSA) under the Chiang Mai Initiative (CMI).
European banks charge ahead in Q1
EUROPE – European banks have posted a sharp rise in trading revenues for the first quarter of this year, continuing a trend set by US rivals.
BNY signs Fundtech deal for corporates
NEW YORK – The Bank of New York (BNY) and vendor Fundtech have signed a deal enabling mid-sized banks to easily and affordably provide FX services to corporate clients.