Articles by FX Markets Staff
Madrid a magnet for FX
MADRID – Demand for FX from corporates and financial institutions in mainland Spain has led to an increased demand for sales staff, say market participants.
BarCap survey finds preference for single-dealer platforms
LONDON – Financial professionals prefer using single-dealer platforms over multi-dealer systems, according to a Barclays Capital (BarCap) e-commerce survey
ABN merges e-businesses
LONDON – ABN Amro has merged its FX, fixed income and derivatives e-businesses into one group, as the latest part of a reorganisation announced last October.
Financial institutions behind FX growth
GREENWICH, CT – Forex trading volumes among financial institution customers rose 18% last year, according to statistics from research firm Greenwich Associates.
Currency trading for DGCX
DUBAI – The Dubai Gold and Commodities Exchange (DGCX) is set to launch currency futures trading in coming months – the first such products to be made available in the Middle East.
e-FX Awards underway
The starting pistol for this year's e-FX Awards has been fired, with companies being invited to submit their pitches in the 12 categories.
StanChart loses two in sales
LONDON & DUBAI – Standard Chartered has seen the departure of two of its FX sales staff in the UK and Middle East over the past few weeks.
The end of emerging market exuberance?
A plunge in high-yield currencies has triggered concerns that global investors had become too lax in their evaluation of emerging market risk, but Caroline Blyth, emerging market manager at Informa Global Markets, says the likelihood of a serious…
Funds and fundamentals fluctuate in February
February saw fundamental managers occupy the middle ground while technical and systematic funds posted the best and worst returns
Algo trading to drive CLS business
LONDON – Algorithmic trading will bring in a significant amount of transaction business to CLS, according to the settlement system's chief executive, Rob Close.
FNX boosts back-office module
PHILADELPHIA – Vendor FNX Solutions has upgraded its back-office module for FX and other asset classes.
Marex Financial taps Hotspot FX
LONDON & WATCHUNG, NJ – Independent brokerage, Marex Financial, has signed its fourth deal with an FX platform in recent weeks.
DZ deploys Cognotec's AutoDeal+
LONDON & FRANKFURT – Germany's DZ Bank has gone live with vendor Cognotec's AutoDeal+ solution for its new automated online FX trading service.
Retail growth needs responsible attitude
The rise in financials' use of foreign exchange over 2005, as demonstrated by Greenwich Associates research (see related article, this issue), shows just how important it is becoming as an asset class.
China's forex reserves exceed Japan's
BEIJING – CHINA, with $853.7 billion in FX reserves, has surpassed Japan's long-held status as the world's largest holder of foreign exchange reserves, state media reported last week.
April – a perfect storm for Asian FX?
Investors could profit from the prospect of an unusually volatile month for the normally low-vol USD/SGD. Sean Callow , senior currency strategist at Westpac Institutional Bank in Singapore, explains how this can be achieved
Morgan Stanley follows US bank rivals
NEW YORK – Morgan Stanley has continued the trend of record results from US investment banks, announcing a sharp rise in revenues for sales and trading in fixed income.
HSBC names Brown global FX chief
GLOBAL – HSBC has undergone a major reorganisation in FX, resulting in a newly created global head of FX role.
India looks to capital account convertibility
MUMBAI – Indian authorities took a step towards further FX liberalisation last week, by forming a committee to establish a framework for fuller capital account convertibility.
A Russian revolution
Jurye Pimenov , senior FX dealer at the Central Bank of the Russian Federation, and Igor Souzdaltsev , project manager in financial markets at Investsberbank in Moscow, analyse the Russian rouble's strength and its recent comeback after the financial…
How anonymity turned to acrimony
Anonymous trading is still one of the single most contentious topics in the industry. The threat posed by those that trade anonymously using the credit lines of prime brokers, became evident last year.