Articles by FX Markets Staff
Opportunities from Asian tension
Niels Christensen , senior currency strategist at Société Générale in Paris, sees opportunities for dollar bulls and bears when trading the Hong Kong dollar despite the peg
SG CIB names deputy
PARIS – Société Générale Corporate & Investment Banking has made Serge Topolanski deputy head of Europe and Asia global FX activities – a newly created position.
CFTC charges another forex fraudster
WASHINGTON, DC – The Commodity Futures Trading Commission (CFTC) last week charged an individual with defrauding more than $5 million by soliciting customers to trade foreign exchange futures contracts via hedge funds.
JPM creates new reporting structure
LONDON – JP Morgan has introduced a new reporting structure in FX following the departure of Frank Rawlins, head of spot FX for Europe and global head of metals trading at the bank in London.
BoA builds algo FX capabilities
NEW YORK – Bank of America (BoA) has taken a major step towards building up its algorithmic trading capabilities in the FX space, with the acquisition of algorithmic-driven pricing and trading specialist, Financial Labs.
FFastFill signs Merrill for CME FX on Reuters
LONDON – Merrill Lynch has become the seventh bank to go live with trading software firm FFastFill's application service for the Chicago Mercantile Exchange (CME) FX on Reuters.
Staff retention is not as simple as a big payout
So bonus season is rolling around again, with all the expectations, exceeded and dashed, that it inevitably brings.
JPM creates new reporting structure
LONDON – JP Morgan has introduced a new reporting structure in FX following the departure of Frank Rawlins, head of spot FX for Europe and global head of metals trading at the bank in London.
EBS ends sale speculation
LONDON – Interdealer broker Icap last week confirmed it is in discussions to acquire electronic forex heavyweight EBS.
Forex trading volume soars in 2005
Foreign exchange turnover continued to surge last year, according to surveys from the foreign exchange joint standing committee (FXJSC) chaired by the Bank of England and the FX committee (FXC) of the Federal Reserve Bank of New York.
Fundamentals star in December
With hedge funds becoming increasingly interested in foreign exchange as a source of alpha, FX Week in conjunction with SEB and Mellon has collated data indicating how 35 leading hedge funds have fared over the last year and a half
Sale offers a fresh start for EBS
And they're off! Yes it's finally out in the open, EBS is up for sale, and we've got a good idea who the runners and riders are.
BOA falls in FX
NEW YORK – Bank of America (BoA) posted a fall-off in FX trading-related revenue for 2005 versus the previous year in its annual results released last week.
Commerz continues to rebuild
FRANKFURT & LONDON – Commerzbank has boosted its FX team with four new hires in London and Frankfurt, as it continues to rebuild after cutbacks in late 2004.
Western Union joins forces with Travelex
LONDON – Western Union, the worldwide money transfer service, and Travelex, the world's largest non-bank foreign exchange payment firm, have signed an exclusive agreement whereby the latter offers Western Union's transfer service.
EBS ends sale speculation
LONDON – Interdealer broker Icap last week confirmed it is in discussions to acquire electronic forex heavyweight EBS.
State Street to offer settlement solution
BOSTON – State Street Global Markets (SSGM), the investment research and trading arm of State Street, will launch an online settlement instructions system linking CLS and global directory SSISearch.
Hedging foreign currency earnings with basket options
By Ramon Espinosa , GFX-Portfolio and risk strategy, Jim Kamphoefner , GFX solutions and Andria McLintock , GFX options at Bank of America
Singapore releases inaugural forex volumes survey
SINGAPORE – The Singapore Foreign Exchange Committee released its inaugural survey of foreign exchange volume in the city-state last week.
A big year down under: AUD out-performs NZD
Four reasons why AUD/NZD is going higher in 2006, by Adam Cole , senior currency strategist at RBC Capital Markets in London
Corporates fail to hedge
NEW YORK – A major study of corporate FX hedging practice by Citigroup has found that nearly half of all companies either do not hedge at all or hedge under six months.
Knight Capital in landmark deal with Hotspot FXi
NEW JERSEY – Knight Capital last week announced plans to acquire electronic currency network Hotspot FXi in a landmark deal worth $77.5 million.