Articles by FX Markets Staff
COESfx adds real-time FX data
PLAINVIEW, NEW YORK – Electronic currency network (ECN) COESfx has launched a new service, providing real-time streaming forex data directly to currency traders’ desktops.
Profiting from a renminbi revaluation
Adam Cole, senior currency strategist at Royal Bank of Canada in London, looks for options strategies to play a China revaluation within a G-10 FX portfolio
More flexibility needed over renminbi rationale
Can USD/RMB rise? Asks Bhanu Baweja, FX strategist at UBS in Singapore
Size matters, finds Greenwich survey
GREENWICH, CT – The ability to execute large currency trades is one of the key components in winning new FX business from corporates and institutional clients, according to latest research from Greenwich Associates.
Hotspot using TradeSTP
LONDON – Hotspot FXi, the multi-bank FX market operator, is set to use data distribution products vendor LogicScope Realisations’ TradeSTP deal notification software, say sources.
Currency strategies down
LONDON – Currency strategies faced a tough month in April, continuing the trend seen in recent months.
Investors take on real exposure
SAO PAULO – Currency hedging by foreign investors of Brazilian hedge fund vehicles is on the decline, as risks on the Brazilian real favour the upside, according to hedge fund managers.
NAB in global build-up
SYDNEY AND NEW YORK – National Australia Bank (NAB) has made myriad hires to its global FX team, as it continues rebuilding the business following last year’s notorious rogue trading scandal.
Further departure at CBA
LONDON – Commonwealth Bank of Australia (CBA) in London has lost another senior member of staff, with the departure of Jonathan Klein, head of investor sales, client acquisitions, Europe.
Dollar hits European banks
ZURICH – The dollar’s correction at the beginning of the year hit European banks, which posted a mixed bag of results in forex last week.
Forex first for Korea First Bank
SEOUL – The purchase of Korea First Bank (KFB) by Standard Chartered is set to create the biggest FX desk in Korea, according to senior representatives at both banks.
SEB creates hedge fund team
STOCKHOLM – SEB is to set up a new sales desk to focus on building its hedge fund clients, according to global head of FX Marcus Nysten.
CME updates free FX tool
CHICAGO – The Chicago Mercantile Exchange (CME) is adding extra data to its web-based CME Equivalents platform, in a bid to attract more mainstream users.
Korean retail FX guidelines cause concern
SEOUL – Retail FX trading guidelines recently introduced in South Korea could pose a threat to the potentially lucrative white-labelling market in the country, according to market players.
French referendum ups volatility
PARIS – The French referendum on the European Union (EU) constitution, set for May 29, has already affected euro trading, and continuing uncertainty will lead to further volatility.
French revolution in London
PARIS AND LONDON – French sales staff are in demand, as a number of banks look to penetrate a market made difficult by sophisticated, price-aware clients.
Selling £/$ at favourable rates to the forward
UBS Currency Management Advisory Service suggests using a ratio callable forward to sell GBP/USD at more favourable rates than the prevailing market forward rates
No election fears for GBP
The most recent UK election update shows sterling political risks diminishing further, says Adam Cole, senior currency strategist at Royal Bank of Canada in London
Deutsche builds in FX
GLOBAL – Deutsche Bank has made a series of hires to build up FX globally.
COESfx teams up with AbleSys
PLAINVIEW, NEW YORK – Electronic currency network COESfx has formed an alliance with technology vendor AbleSys Corporation (ASC), giving FX traders access to trading signals to help improve their decision-making.
ACI Congress programme unveiled
STOCKHOLM – The line-up for the ACI World Congress, to be held on 26–28 May in the Swedish capital, has been finalised.