Articles by FX Markets Staff
WSS/Cognotec launch system
STOCKHOLM, NEW YORK AND LONDON – Vendors Wall Street Systems (WSS) and Dublin-based Cognotec have launched an integrated FX solution delivering connectivity to banks, offering pre- and post-trade connectivity to clients.
Top stories from 15 years of FX Week FX volume hits all-time peak
LONDON – "It was mind-boggling. In 22 years of trading I've never seen anything like the sheer volume," said David Adamson, treasury director of Chase Manhattan Bank in London, in a comment echoed by almost all other market participants surveyed last…
SuperD launches reval product
NEW YORK – Pricing systems vendor SuperDerivatives has expanded its suite of services with the launch of a revaluation service.
Will sterling lead the USD?
Hans Redeker, global head of FX strategy at BNP Paribas in London, says recent strength in the dollar is likely to be short-lived
Traders lured by hedge funds
LONDON – Banks are finding it hard to hold on to top-quality sales and trading staff as the exodus to hedge funds has gathered pace.
Changes at ABN Amro
AMSTERDAM – ABN Amro has made a number of changes to the senior management of its FX team and is restructuring its Asian operations.
HSBC embarks on radical tech revamp
LONDON – HSBC is radically overhauling its trading technology infrastructure to create a truly cross-asset class messaging platform to support its electronic trading operations globally.
Reuters bids farewell to Fleet Street
LONDON – Reuters, the global information provider, is ending its longstanding relationship with Fleet Street by completing a move to new headquarters in London's Canary Wharf.
Interbank FX trading takes off in China
SHANGHAI – China Foreign Exchange Trading System (CFETS) opened its interbank FX trading business last week, leading to speculation that a shift in currency policy may be imminent.
How to benefit from a weaker pound
For the currency manager looking to take advantage of fresh sterling weakness, Simon Derrick, head of Bank of New York's currency strategy team, describes a simple, low-cost way for them to express their view
Top stories from 15 years of FX Week Emerging markets' glitter fades
KUALA LUMPUR – Foreign exchange controls imposed on the Malaysian ringgit on Tuesday, September 1, have sparked fears that the shine may have left the emerging currencies market, according to industry sources.
Reuters showcasing latest additions
STOCKHOLM – Reuters will be exhibiting its expanded electronic trading portfolio, including the impending Reuters trading for foreign exchange, at the congress.
Q&A: John Nelson
To mark 15 years of FX Week , we carry a Q&A with our first subscriber, look at three major pairs opposite and run three of the key stories shaping the industry
Wilkinson kicks off Travelex TV campaign
LONDON – Foreign exchange specialist Travelex has signed England rugby international and world cup 2003 winner Jonny Wilkinson as a brand ambassador.
Stockie weakness despite economic strength
STOCKHOLM – For a currency with such strong economic fundamentals, the Swedish krona has seen surprising weakness this year, as many in the market have discovered to their cost.
GFI launches Fenics dealFX
NEW YORK – GFI Group is to demo Fenics dealFX, a foreign exchange options trading system that it launches this week at the congress.
SG takes up prime brokerage challenge
NEW YORK – SG Corporate & Investment Banking (SGCIB) has fully entered the prime brokerage market with the launch of SG Prime.
Citic chooses Sophis
HONG KONG – Citic Capital, the international investment banking arm of China International Trust and Investment Corporation (Citic) Group, has selected Risque as its core platform for risk management and proprietary trading for processing in FX,…
Fiftieth anniversary to eclipse previous events
STOCKHOLM – The fiftieth anniversary ACI Congress promises to eclipse the event held in London last year, according to Jan Trädgårdh, chairman of the organising committee.
Forex site launched by London Capital
LONDON – Spread betting firm London Capital Group is to launch a foreign exchange platform following a management buy-out.
HKMA limits spec trading
HONG KONG – Authorities clamped down on speculative trading on the Hong Kong dollar last week by introducing a ceiling on the currency at HK$7.75 per US dollar.