Articles by FX Markets Staff
AIG continues FX restructure
NEW YORK – AIG Financial Products (AIG FP) has restructured its FX trading desk a year after it tried to boost the operation with six hires ( FX Week , July 5 2004).
ABN Amro cashes in on retail demand
HONG KONG – ABN Amro is capitalising on retail demand for exposure to forex markets with the launch of the first FX-linked equity notes for retail investors based in Hong Kong.
US FX catching up with UK
LONDON & NEW YORK – Growth in the US FX market is outstripping the UK, according to official figures released last week.
CLS cuts costs as well as risk, says survey
LONDON – The introduction of CLS has cut processing costs of FX transactions almost three-fold, according to a survey by Z/Yen, a city-based market research firm.
Protection with potential
Besa Deda, Commonwealth Bank of Australia's Sydney-based currency strategist, presents a way of combining a view that the aussie will weaken while protecting against adverse fluctuations for an Australian exporter
Banking relationships remain key
Banking relationships will remain important despite the fact that costs are coming down and there are ever more channels from which clients can choose.
Standard Chartered continues growth in Asia
SINGAPORE & HONG KONG – Standard Chartered is continuing to build its FX derivatives presence in Asia with two more hires.
More volatility for Slovakian unit
BRATISLAVA – The Slovakian koruna is likely to see continued volatility in coming weeks as international banks continue to move in and out of the market, according to traders.
CBA makes changes to Sydney strategy team
SYDNEY AND LONDON – Commonwealth Bank of Australia (CBA) has continued to ring the changes on its research team with a new addition in Sydney and an internal transfer from New Zealand to London.
Italian sales staff in fashion
MILAN AND LONDON - Deutsche Bank's recent high turnover of staff has continued with a new hire in Milan and a departure in London.
Relative value after the peg
Marios Maratheftis, FX strategist with Standard Chartered in London, looks at where to find value in Asian currencies following the end of the Renminbi's dollar peg
How exchange rates drive monetary policy
With interest rates being a major driver of exchange rates, Peter Luxton, global markets adviser at Informa Global Markets, says with US rates appearing stretched, the outlook for the dollar is changing
Hotspot FX expands coverage
NEW YORK – Electronic currency network Hotspot FX has added five new currency pairs to cater for a growing client base in the Asia-Pacific time zone.
Industry resilient to shocks
NEW YORK – The new dynamics of the foreign exchange industry has meant that the industry is better equipped to react to major disruption in the market.
Five go to GFI in Singapore
SINGAPORE – A five-strong regional FX options team at Tullett Prebon has jumped ship to GFI in Singapore amid further reorganisation at the newly merged entity.
Summit scores another in Taiwan
TAIPEI – Taiwanese Far Eastern International Bank (FEIB) has signed Summit Systems, Misys Banking Systems' treasury and capital markets solution, for its STP.
Renminbi takes first step
BEIJING – Banks are predicting further significant appreciation in the renminbi following the long-awaited shift in the currency announced last Thursday.
Sales high on Asian wish list
HONG KONG – The burgeoning hedge fund industry in Asia has boosted demand for sales staff in the region.
EBS joins algorithmic bandwagon
LONDON – FX trading platform EBS is to enable algorithmic trading over its platform as it enhances capabilities to expand the range of services available to the buy side.
Portals tackle liquidity issues
NEW YORK – The rise in anonymous trading has changed the way banks distribute liquidity.