Articles by FX Markets Staff
Danske staff in relocation dilemma
NEW YORK – The future of FX staff at Danske Bank in New York remains unclear as the bank begins relocation negotiations with a number of its staff.
Private bank closure to hit Citibank's forex in Japan
TOKYO – The closure of Citibank Japan's private banking operation will lead to a haemorrhaging of staff from the forex team in the country, according to market sources.
CLS below half of FX activity
LONDON – CLS lacks traction outside the major banks and still accounts for far less than half of all FX transactions, according to a report by the Bank of England published this week.
Dresdner joins cutting queue
FRANKFURT/NEW YORK – The future for FX staff at Dresdner Kleinwort Wasserstein (DrKW) looks bleak as the bank makes major job cuts on a global scale.
Icap deploys Kalahari for Mexican IR and forex trade
NEW YORK – Inter-dealer broker Icap is deploying a customised version of a Mexican interbank forex pricing application from software provider Kalahari.
Dollar recovery set to continue
Dollar recovery is likely to continue this week as short-covering and profit-taking extend further, according to Mitul Kotecha, global head of FX research at Calyon, London
Dollar to plummet further in 2005
Continued dollar weakness in 2005 will fuel European and Japanese currency strength and damage export demand, according to Tony Norfield, ABN Amro's global head of FX strategy in London
CLS adds four more currencies
HONG KONG -- CLS is to bring four new currency pairs onto its platform: the New Zealand dollar, the South African rand, the Hong Kong dollar and the Korean won.
Calypso looks to crack Asia
TOKYO -- Technology vendor Calypso has hired extra staff in Japan as it aims to get a foothold on the Asian market.
CSFB names new fixed-income sales and trading head in Japan
TOKYO -- Credit Suisse First Boston (CSFB) has named Carsten Stoehr as head of Japan fixed-income sales and trading.
Soft knock-in knock-out forward
The soft knock-in knock-out forward presents a new way to look at knock-ins and knock-outs, taking away the negative impact of untimely barrier events says Enrico Ferrante, senior structurer at Calyon in Paris
Sterling unlikely to breach $2
LONDON -- Sterling will correct itself against the major currencies within the next few months, said analysts.
More banks set to cut back?
LONDON/NEW YORK -- The cut in headcount by banks in London and New York in recent weeks is likely to continue, said market participants.
HSBC hires new Asian FX strategist
HONG KONG -- HSBC has hired Richard Yetsenga as regional currency strategist for Asia, to be based in Hong Kong. Yetsenga joins from Deutsche Bank in Sydney, where he was currency strategist and deputy chief economist.
Radianz hires Pickles for Fix
NEW YORK -- New Yok-based connectivity provider Radianz has appointed Chris Pickles as chairman of the Europe education and marketing committee of Fix Protocol (FPL). Fix Protocol is atrade association, of which Radianz is a member.
Sterling unlikely to breach $2
LONDON -- Sterling will correct itself against the major currencies within the next few months, said analysts.
BTM lead in Japanese forex slipping
TOKYO -- Bank of Tokyo-Mitsubishi (BTM) remains the top Japanese foreign exchange house in the country, with revenues for the first half of the Japanese fiscal year ending September 30 totalling ¥36.1 billion.
UK's Hargreaves Lansdown launches onto forex market
BRISTOL -- A leading UK stockbroker and financial advice firm is to launch into the FX market, offering its 500,000 customers access to Saxo Bank's rates.
Dollar/won move boosts options market activity
HONG KONG -- Volumes in the forex options markets have surged off the back of the rapid move in the dollar/won over recent weeks, say analysts.