Articles by FX Markets Staff
Student beats FX traders at game
ZURICH - A 23-year-old Swiss student has become the new winner of the fantasy online trading game, FX Player. Martina Baer won a £10,000 trading account from sponsors Finspreads after beating competition from 2,500 players in more than 60 countries,…
EBS continues to dominate spot
EBS CONTINUES TO dominate its core market of spot FX, taking the accolade for this year's best spot broker ahead of Reuters, Tullett Prebon and TFS-Icap.
FX auction launched by EBS
LONDON - Olympic legend Sebastian Coe launched an FX trader's auction to raise funds for sports projects globally, while opening the London Stock Exchange last Thursday (November 17).
Reuters takes Cognotec's top spot
REUTERS HAS SCOOPED the award for best vendor for dealing technology, overthrowing the long-term winner Cognotec, which won each of the previous seven awards.
Merger pays off for Tullett
TULLETT PREBON scooped awards as best broker for forward FX and best broker in emerging markets, demonstrating that the merger has enabled the new entity to retain the best talent of the two entities that made it up.
BoJ/MAS sign second swap agreement
TOKYO & SINGAPORE - An agreement between Singapore and Japan to trade swaps signed earlier this month is the latest sign of closer co-operation between Asian economies.
CLS data shows rising usage
Settlement system CLS has started publishing in detail weekly volume and value figures on a monthly basis. For the month of October, the system settled an average of 215,016 instructions a day with a value of $2.2 trillion.
StanChart launches risk index
LONDON - Standard Chartered last week introduced a risk appetite index based on IMF methodology.
WestLB loses its forex head
DUSSELDORF - WestLB lost its foreign exchange chief last week as a further sign of the challenges facing the bank's FX business.
Five years' hard work pays off for Danske
DANSKE BANK WON best bank for Scandinavian currencies, knocking last year's winner Skandinaviska Enskilda Banken (SEB) off the top spot.
Citigroup tops options
CITIGROUP TAKES HOME the award for best house for FX options this year, pulling ahead of last year's winner, JP Morgan, which slid to fifth place.
FXall retains top multi-bank spot
FXALL HELD ON TO FIRST place in the best multi-bank portal category, and has leapt from fourth place to first in the banks section, to claim a clean sweep across voter types.
HSBC breaks into top three
LONDON - UBS has held on to the top spot to be named FX Week Bank of the year for the third year in a row. But the biggest upset sees HSBC break into the top three at Citigroup's expense.
Lloyds makes senior hire
LONDON - Lloyds TSB has boosted its London financial markets division (FMD) with a senior appointment.
4Cast bags strategy award
RESEARCH FIRM 4CAST claimed the title of best vendor for FX research and strategy, taking the crown from Informa Global Markets, which has dominated the category over the past 10 years.
HSBC dominates the new markets
HSBC CONTINUES TO lead the charge in Asian currencies topping the Asia Pacific and emerging Asian categories. This year, however, the bank also jumped to first place in the emerging currencies of EMEA, having placed fifth last year.
Deutsche top in trading
DEUTSCHE BANK may have come second in the overall award but it took the major trading awards with wins in spot, euro/dollar, forwards and best bank in eurozone.
SuperD takes first place in options pricing category
SUPERDERIVATIVES HAS WON the award for best options pricing and risk management system for a second year running.
Invest in a carry basket EMTN
Christine Lefort, global head of FX Structuring at Calyon in Paris, suggests a way to extract returns from FX-linked investments in a time of low rate differentials
Tullett Prebon enters China
SHANGHAI - Interdealer broker Tullett Prebon is boosting its presence in the Chinese market by establishing a joint venture broking business with Shanghai International Trust and Investment Corporation.
Improved outlook for krona
The outlook for the Swedish krona has improved, but the impact will be felt in the crosses, where a topping pattern is developing, says Meg Browne, senior currency strategist at Brown Brothers Harriman in New York
Refco exodus begins
LONDON - US brokerage firm Refco has seen the first known departures in the wake of the scandal that rocked financial markets last month.