Articles by FX Markets Staff
Lloyds looks to raise its FX profile
Lloyds TSB may not be well known for FX, but it has made a big-name hire that it hopes will enable it to continue buiding its presence in the fiercely competitive UK market
EBS to put data on sale
LONDON – EBS is to sell historical FX data to banks and non-bank traders via a new service called EBS Data Mine.
RBS adds electronic order book
LONDON – Royal Bank of Scotland has added an FX electronic orderbook to its FX dealing platform RBSTrade.
Milan bank makes cuts overseas
MILAN – Banca Popolare di Milano has closed its overseas FX capabilities and now operates exclusively from Milan.
Korea to restrict currency data
SEOUL – The Bank of Korea (BoK) is set to restrict parties that are able to view real-time currency data, in a bid to curb currency speculation, from next month.
Commodities hit JPMC and Citi
NEW YORK – Poor performance in the commodities markets caused JP Morgan Chase and Citigroup to report a decline in revenues generated from their fixed-income divisions in the fourth quarter of 2005, clouding positive results for FX.
BarCap adds CME options to Barx
NEW YORK/CHICAGO – Barclays Capital has become the first bank to provide CME eurodollar options strategies capability to its electronic trading system, Barx.
Facilitate to accumulate
Kim Fournais, chief executive of Saxo Bank, says the race to deliver the perfect multi-product trading platform need not be a zero-sum game
London behind on gender equality
LONDON – The paucity of women forex professionals in London is likely to persist as its reputation as a male-dominated arena continues, according to market observers.
CLS Bank sets new volume record
LONDON/NEW YORK – CLS Bank has set a new record for the volume of payment instructions settled in one day.
This inequality must be reduced
The picture of the FX trader as a macho working class white male may to some degree be dated, but there is still not enough diversity in the market.
StanChart caters to RMB retail clients
HONG KONG – Standard Chartered has gone live with renminbi savings and time deposit services for seven business types.
A year of transition
G7 monetary policy will drive down the dollar, but in a year of policy gradualism and recovering global growth, its decline is likely to be orderly, say Lena Komileva , G7 market economist and James Potter , MD treasury at Tullett Prebon
BGC adds institutional FX
LONDON – BGC, the voice and electronic broking business of Cantor Fitzgerald, has confirmed the creation of an institutional FX trading desk.
IFX bounces back with trio of hires
LONDON – IFX Markets has hired three and promoted two, as it looks to recover from being raided by BGC.
Deutsche Bank cuts out $1 trillion
LONDON – Deutsche Bank cut out $1 trillion of what it described as 'predatory trades' last year, as it repositioned its business to make it more profitable.
Reuters launches new version of DataScope
NEW YORK – Reuters last week launched DataScope Select, a new version of its back-office solution intended to provide more flexible access to a broader range of data.
Integral Development boosts staff
MOUNTAIN VIEW, CALIFORNIA – Integral Development, provider of capital markets products and services, has hired five staff in business development, finance, research and marketing.
And now, the weather, from CoesFX
PLAINVIEW, NEW YORK – New York portal CoesFX last week launched a tool to predict foreign exchange rates using a 'weather forecasting' format to enable users to factor in more variables.
Tullett Prebon sets up volatility division
LONDON – Tullett Prebon has established a volatility division, in the final stage of restructuring since parent company, Collins Stewart Tullett, acquired Prebon Yamane in 2004.
Deutsche Bank cuts out $1 trillion
LONDON – Deutsche Bank cut out $1 trillion of what it described as 'predatory trades' last year, as it repositioned its business to make it more profitable.
Citi poaches Coyne to build up FXPB
LONDON – Citigroup is building up its FX prime brokerage offering, and has gazumped Barclays Capital in hiring Andrew Coyne to lead the effort.