Articles by FX Markets Staff
TD moves towards one-stop shop
TORONTO & LONDON – TD Securities has merged its FX, fixed income and rates businesses, in a bid to provide a one-stop-shop service to clients.
FXCM abandons Refco negotiations
NEW YORK – Forex Capital Markets (FXCM) has abandoned negotiations with Refco creditors to acquire the assets of the defunct brokerage's unregulated currency trading operation.
Saxo adds more in London
LONDON – Saxo Bank has built up its presence in London with three new institutional sales hires.
Currenex introduces staged order management tool
LONDON – Currenex has added a staged order management feature, in response to client demand for a large block trading tool.
ABN forms Macro Trading Group
LONDON – ABN Amro has created a new macro trading group, encompassing FX and other asset classes.
The winners take it all?
In the past few years, it has become clear that the winners in FX are those that were first to commit to the right IT investment.
US banks announce record first-quarter results
NEW YORK – The US investment banks have stormed through the first quarter of this year, with record-breaking results released last week.
CLS sets one-day record
CLS Bank has set a new record for the value of payment instructions settled in a single day. The platform settled 344,318 payment instructions with a gross value of $4.65 trillion on March 15. The last time a record was set was on December 21 last year,…
Talks mount over FXall buyer
NEW YORK – FXall has agreed to sell a 20% stake to private equity firm Technology Crossover Ventures (TCV), based on an overall valuation of $300 million for the company, say sources.
EBS completes 90% of client migration to new platform
LONDON – EBS has migrated 90% of customers and all EBS Spot brokers on to a new IP-based platform.
Further changes at DrKW
LONDON & NEW YORK – Dresdner Kleinwort Wasserstein (DrKW) continues to make changes to its global FX business with another appointment and a departure.
CBRC sends out warning
China's regulatory body, the China Banking Regulatory Commission (CBRC), sent out a warning to foreign companies against marketing their FX businesses in China.
Lava launches new staging area offering
NEW YORK & LONDON – LavaFX, the electronic communications network (ECN), has built a new staging area aimed at reducing execution errors on the platform. Orders placed via direct connections or an order management system (OMS) are sent to the staging…
Citigroup raids Merrill Lynch
GLOBAL – Two senior FX officials have made their way to Citigroup as the bank continues to raid its US rival, Merrill Lynch.
Senior change at Credit Suisse
NEW YORK & LONDON – Credit Suisse has made further senior management changes in FX, after the reshuffle seen at the end of last month.
Trading FX implied volatility
How frequently does one need to hedge to effectively trade implied volatility? Duncan Farnsworth , head of risk analytics in the currency structuring group at the Royal Bank of Scotland in London, offers a solution
Talks mount over FXall buyer
NEW YORK – FXall has agreed to sell a 20% stake to private equity firm Technology Crossover Ventures (TCV), based on an overall valuation of $300 million for the company, say sources.
Is risk adequately priced?
An end to carry plays on high-yield emerging currencies would create volatility in FX markets and potential flight to safe-haven assets. Sharada Selvanathan , currency strategist at BNP Paribas in Singapore, suggests a basket to benefit from this
DrKW makes senior hires
LONDON – Dresdner Kleinwort Wasserstein (DrKW) is continuing to rebuild in sales, trading and structuring with three further hires.
HSBC FX revenues rise
LONDON – HSBC ended 2005 with a 6% rise in revenue from foreign exchange over the previous year, with the bank benefiting from increased interest in emerging markets.
ABN Amro considers trader transfers
LONDON & AMSTERDAM – ABN Amro is planning to transfer some of its Amsterdam-based traders to London, according to sources close to the bank.
Latest game from FX Player
LONDON – FX Player and data and proprietary analytics vendor TraderMade have joined forces to launch a new trading game.