Articles by FX Markets Staff
White-label deal for Saxo/Efutures
WISCONSIN – Efutures.com, an operating division of First Capitol, has launched EZ-FX, a white-labelled version of Saxo Bank’s SaxoTrader, which offers real-time trading execution, information and risk management.
Bloomberg adds FX service to Toms
NEW YORK – Bloomberg is adding FX position keeping to its Trade Order Management System (Toms).
EM currency volatility to continue
CENTRAL EUROPE – Volatility in emerging market FX has surged as market participants gauge the impact of improving US fundamentals, which resulted in a 25 basis point rate hike last week, according to analysts.
Final chapter in NAB scandal begins
MELBOURNE – The former head of National Australia Bank’s foreign currency options desk is facing up to five years imprisonment for his part in the A$360 million rogue trading scandal that shook the bank last year.
SunGard in talks for possible sale
NEW YORK – SunGard Data Systems is in discussions with a consortium of private equity firms for a possible sell-off.
Barclays Capital continues Asian FX build-up initiative
SINGAPORE – Barclays Capital (BarCap) has hired a number of staff from Deutsche Bank and Mizuho Bank in the Asia-Pacific, as it continues to build up its presence in the region.
Best execution: not just price, but what else?
Process and practice should both be given serious attention before agreement can be reached on best execution in FX. By Chip Lowry (right), MD, Global Link Europe
CoesFX launches Asian branch
PLAINVIEW – Electronic FX trading network, CoesFX is expanding into the Chinese market with the launch of CoesFX Asia.
Citi to shut down Nordic offices
LONDON – Citigroup FX sales operations in the Nordic region are set to close as the bank shuts down branches in Copenhagen, Helsinki, Stockholm and Oslo.
Record start for US investment banks
NEW YORK – This year looks set to be another bumper year for FX, with a second consecutive year of record-breaking first- quarter results from the US investment banks.
Volumes up on trading platforms
LONDON – Trading platforms have seen a strong start to the year, with substantial increases in volumes.
Bear Stearns beefs up forex team
LONDON – Bear Stearns has made two new FX hires in London and plans for a further two in the near future.
Oil price threat to the dollar
With FX reserves diversification and higher oil prices hitting the headlines, Simon Derrick at the Bank of New York in London discusses the potential impact on the dollar
FX advisory tops pay bracket
NEW YORK – FX advisory roles in the US have seen significant salary increases due to the changing nature of the job, according to a recent survey.
CME goes live on Reuters
CHICAGO and LONDON – The Chicago Mercantile Exchange (CME) has rolled out CME FX on the Reuters Dealing 3000 platform.
DrKW continues hiring spree
LONDON – German bank Dresdner Kleinwort Wasserstein (DrKW) has made three senior appointments for its FX business in London.
RBS FiX adds EM currencies
LONDON – The Royal Bank of Scotland (RBS) has added benchmark prices for Estonian kroon, Lithuanian litas and Latvian lats to its e-FX service, RBS FiX.