Articles by FX Markets Staff
Traiana raises capital for expansion
TEL AVIV – Trading platform vendor Traiana has raised $15 million in capital from Israeli venture capital firm Pitango.
Tietmeyer warns of global imbalances
LONDON – The increasing level of global imbalances is leading to greater risks for the global economy, according to Hans Tietmeyer, former president of the Deutsche Bundesbank.
IFX Group gets a boost from forex
LONDON – IFX Group, the City-based financial trading and spread betting company, expects to make in excess of £1.7 million in its interim results, after strong profit growth in its global FX trading operations.
Greenspan and Snow to visit Cfets
BEIJING – Alan Greenspan, Federal Reserve chairman, and John Snow, treasury secretary, will visit the Shanghai office of the China FX trading system (Cfets) on their visit to China this week.
Deutsche’s Coyne BarCap bound
LONDON – Andy Coyne, head of FX prime brokerage at Deutsche Bank in London, is to leave to run e-commerce for Europe at Barclays Capital, in the same city.
Bloomberg enters FX options market
NEW YORK – Bloomberg is continuing to build up its portfolio of FX tools with the planned introduction of FX options trading.
Global connection for Integral
MOUNTAIN VIEW CALIFORNIA – Software vendor Integral Development has launched its connectivity product FX Grid 2.0 around the world.
FX Week comes to Asia
HONG KONG – This week sees the inaugural FX Week Asia conference in the Special Administrative Region at the Renaissance Harbour View Hotel.
Rupee boosted by potential RBI intervention
MUMBAI – Comments from an official at India’s central bank have sparked speculation that it is set to intervene to protect its currency, providing a brief boost for the rupee last week.
Avian flu: a big risk?
Ashley Davies, FX strategist at UBS in Singapore, identifies the key stages of the spread of a disease, and identifies its impact on the currency markets
Forex structurers in demand
LONDON and NEW YORK – Structurers are in demand across different markets as FX desks look to build higher margins, according to market participants.
Simple is best
Simon Derrick, head of currency strategy at Bank of New York in London, says ‘simple is best’ when looking to increase exposure to sterling to take advantage of a continued widening of the interest rate differential
Yen set ‘to play catch-up’ with economy
TOKYO – The relative weakness of the yen, despite the Japanese economy’s strength, is set to end shortly, according to market observers.
JPMTS signs up CLS third party
BERLIN – JP Morgan Treasury Services has signed up ADM Derivatives as a CLS third-party client, as part of a solution the bank is offering, which includes a suite of multi-currency accounts.
BEA gains RMB permission
HONG KONG – Hong Kong-based Bank of East Asia (BEA) received approval to offer RMB services at its Beijing branch from the China Banking Regulatory Commission (CBRC).
India’s CCIL adds more banks
MUMBAI – Indian FX settlement service the Clearing Corporation of India (CCIL) has gone live with seven client banks and plans to add a further five in the next two months, a senior official told FX Week .
2005 a tough year for FX investors
Deutsche Bank's currency strategy team looks at what's working and what's not for FX investors and which trading styles have worked best in 2005
Lehman loses sales head
NEW YORK – Mark De Gennaro, head of FX sales at Lehman Brothers in New York, has left the bank, the desk has confirmed.
UBS to build post-trade hub
ZURICH – UBS is to set up a single portal to enable all post-trade processing across different asset classes to go through one centre.
Interactive to switch FX feed
BEDFORD, MASSACHUSETTS – Data vendor Interactive Data is to switch off an old forex data feed from its ComStock division and replace it with a new one from another part of ComStock, GTIS.
Logiscope speeds up messaging
LONDON – Logiscope, a provider of market data and post-transaction messaging to the financial community, launched the TradeSTP Vendor Partnership Program last month. The new initiative is set to expand and speed up the certification of Logiscope's deal…
Three into one for GFI
LONDON – GFI Group is bringing together staff split between three locations in London to a single site in Broadgate West.