Articles by FX Markets Staff
Royal Bank of Scotland reports rise in trading income
LONDON - The Royal Bank of Scotland (RBS) reported a 16.8% rise in income from trading activities in its annual report, released last week.
Systematic approach delivers in January
The second monthly round-up of hedge fund performance sees managers with a systematic approach top the table, while those with a technical approach and longer-term investment horizons suffered
ACI heads for Manila, but will anyone else?
The ACI's decision to hold its annual get-together in Manila has raised a few eyebrows to say the least.
Currenex platform for Marex
LONDON - Marex Financial, a Refco spin-off, began offering Currenex's white label FX platform, FXtrades to clients last week.
Hedge fund signing for Deutsche Bank's Select
FRANKFURT - Deutsche Bank has added to its FX Select platform by signing Sagio's new FX hedge fund, according to FX Week sister publication Hedge Funds Review .
Dresdner launches FX prime brokerage
LONDON - Dresdner Kleinwort Wasserstein (DrKW) last week launched a foreign exchange prime brokerage (FXPB) business, completing its cross-asset class product PB offering.
Deutsche expands PB offering
LONDON - Deutsche Bank is boosting its prime brokerage capabilities with the hire of a European head and an expansion of services.
Saxo adds Web and Mobile Trader
COPENHAGEN - Saxo Bank has announced that it is introducing a browser-based trading platform to complement its Saxo Trader.
Peso strong despite political turmoil
MANILA - The Philippine peso has weathered the storm of the recent political turmoil to close at a fresh three-and-a-half year peak of 51.17 per dollar (March 3 midday GMT) as political worries eased, according to traders.
Staff build-up at Bank of America
NEW YORK - Bank of America (BoA) has made a trio of hires over the past month as it continues to build its forex capabilities.
Future opportunities from EUR/CHF
Corvin Codirla and Adarsh Sinha, fx strategists at barclays capital in london, show that while low eur/chf volatility may be justified at present, investors should position for a pick-up further out
SEB signs up to FX Connect
STOCKHOLM - Skandinaviska Enskilda Banken (SEB) is the latest bank to join FX Connect, State Street's electronic FX trading platform.
Traiana goes live with forex options
NEW YORK - Software vendor Traiana went live with its foreign exchange options service on its Harmony Message Center (HMC) this month.
Reuters expands in China
EIJING - Reuters is significantly increasing its presence in China, signing five banks to its Dealing 3000 matching service and selling its Kondor risk management product suite to six.
Deutsche expands PB offering
LONDON - Deutsche Bank is boosting its prime brokerage capabilities with the hire of a European head and an expansion of services.
Look past the Fed for dollar positives
Geoff Kendrick, senior currency strategist at Westpac in London, believes the market is too focused on the Fed's intention for rates, and is therefore missing the medium- term positive signs for the greenback
Sumitomo goes live with Calypso solutions
TOKYO - Sumitomo Trust & Banking (STB) has gone live with vendor Calypso's interest rate and FX derivatives software solutions.
Strong results at BarCap
LONDON - Barclays Capital reported strong growth in income and net trading income in its 2005 annual results. Total income increased 27% to £4.3 billion.
BNP merges FX and rates
LONDON - BNP Paribas last week announced it is to merge its foreign exchange and interest rate trading operations, in a bid to improve efficiency and deliver best practice.
Bank results need to be spelt out
Annual results season is here, and this brings a series of stories for FX Week on how banks' forex desks are performing.
Volatile times for the Thai baht
BANGKOK - Political uncertainty in Thailand and likely further rate hikes will lead to short-term volatility in the Thai baht, say market participants.
Saxo reports strong growth in 2005
COPENHAGEN - Saxo Bank reported a 39% increase in pre-tax profits and an 81% return on equity in its results for 2005.
Shake-up at Credit Suisse
LONDON & NEW YORK - Credit Suisse has seen a further reshuffle in its senior management.