Articles by FX Markets Staff
Icap takes on Prebon's rate derivatives team in Sydney
SYDNEY – Interdealer broker Icap is to take on the former Sydney-based interest-rate derivatives team of Prebon Group, which was bought by London-based financial services group Collins Stewart Tullett in October 2004.
BNP continues sales build-up
LONDON - BNP Paribas has further boosted its London FX team with two new hires.
Tenfore Systems beefs up FX content
LONDON - UK-based data vendor Tenfore Systems has added two contributors to its forex feed in a bid to increase its FX coverage.
CLS THREE YEARS ON: CLS set to corner settlement market
Three years after its creation, the continuous-linked settlement service (CLS) looks to be on track to meet its goal of getting 90% of spot FX trades settled in five years, with well over 50% of trades transacted using the system already.
CLS PROFILE: the benefits of membership
Newton Investment Management, a UK fund management subsidiary of Mellon, joined CLS as a third-party member in March 2004. Mohsin Siddiqi (right), supervisor, trade operations, explains what drove the decision to join the system and what benefits it has…
CLS heads for the buy side
NEW YORK - CLS is to expand into non-deliverable forwards (NDFs) and OTC options - a move that could pave the way for far greater buy-side participation on the settlement system.
UBS's corp sales head to depart
SYDNEY AND LONDON - UBS has undergone major changes in foreign exchange globally, with a change to the global head of corporate FX and a promotion in the structuring group.
Credit Suisse launches back-office outsourcing service
LONDON AND ZURICH - Credit Suisse has launched a back-office outsourcing service for banks and corporates.
Don't fall behind, use the REER
The real effective exchange rate holds the key to how the government can manage damaging rupee fluctuation, according to Kotak Mahindra Bank's Treasury Solutions team in India
Bank of Beijing selects Misys
BEIJING - The Bank of Beijing (BoB) is to go live with Misys banking systems, Opics and Misys Trade Innovation solutions for its trade finance and treasury management services.
StanChart hires more in Asia
SINGAPORE, HONG KONG - Standard Chartered has continued to hire for its FX business in Asia, with the appointment of a senior dealer and head for trade finance.
Calyon builds options franchise
HONG KONG & LONDON - Calyon has expanded its global FX options franchise by building up its structuring and trading capabilities in Asia and Europe.
Don't discount emerging markets
Emerging markets present an opportunity rather than a threat following the economic crises they experienced, says Alain Delelis, head of FX for Europe at Bank of America
360T moves beyond home territory
The fourth interbank platform profile sees Germany's 360T looking to expand
Sibos 2005: transformation is key
COPENHAGEN - The theme of this week's four-day Sibos 2005 conference in Copenhagen is 'Transformation'. Visitors will be offered a wide array of plenary, special interest and main conference assemblies.
RBS offers multiple FX pricing
LONDON – The Royal Bank of Scotland (RBS) is extending its swaps and forwards capabilities by offering prices on multiple platforms. The bank will be live with prices for swaps and forwards on Currenex in coming weeks, on a request-for-quote (RFQ) basis.
Asian currencies at risk from oil surge
JAKARTA – Asian currencies have taken a hit from surging oil prices, which remained above $60 last week despite falling off record levels set earlier this month.