Articles by FX Markets Staff
Citigroup dominates emerging forex
Citigroup surged to the top in two of the three emerging markets categories this year, winning awards for best bank in emerging currencies in Latin America and Europe, the Middle East and Africa. But HSBC led the field in emerging Asian currencies,…
FXall debuts Altair platform
NEW YORK – FXall, the online FX trading portal, has launched Altair, an upgraded version of its service, to expand its offering to a wider range of products and a bigger customer base.
Deutsche and JPMC scoop derivatives awards
Deutsche Bank again takes home the award for best bank in forwards, while JP Morgan Chase has clinched the title of best bank in currency options.
Top banks dominate research rankings
The big banks continue to dominate FX research and strategy, with JP Morgan leading the field.
EBS shines as volume pressure bites
With the huge increase in turnover in the FX market over the past three years, EBS has held onto its title as best broker in spot FX by focusing on providing fast electronic tools to maintain an orderly market, said its spokesperson in London.
SuperD is best for options pricing
SuperDerivatives this year won the award for best options pricing/risk management software, seeing off stiff competition from second-placed GFI Group's Fenics FX, as well as products from Reuters, Murex and SunGard.
StanChart China head resigns
HONG KONG – Standard Chartered's top man for greater China in Hong Kong, Peter Wong resigned from the bank last Monday, November 15 effective from November 19. Wong's departure comes at a controversial time for the bank which a week prior said it would…
Informa Global Markets wins analysis award
Informa Global Markets – the firm that bought MMS International last September – topped the rankings for best vendor in FX research and strategy this year, while Reuters held on to the top spot for best market data provider.
Slow start for India's retail FX market
MUMBAI – Nine months after retail investors were given the de facto go-ahead to start forex trading overseas, volumes have been subdued, say analysts.
RBC restructures forex desk
TORONTO – Royal Bank of Canada (RBC) has restructured its foreign exchange desk following the departure of managing director of FX Rob Wittmann.
UBS top for CLS
The continuous-linked settlement (CLS) service is now in its third year, but the race is still on for banks that provide CLS access for downstream clients to win more business.
UBS retains top spot in FX Week awards
Local players dominate outside G3 New additions were made to the currencies section of the survey this year, with questions polling respondents on the best dealers for Australian dollar, Canadian dollar and Scandinavian currencies.
UBS holds onto pole position
LONDON – UBS is the top-rated bank in FX, according to the 1400 voters in FX Week's 10th annual survey of the market.
Commerzbank "exits London"
LONDON – Commerzbank is to close its trading and sales forex operations in London.
CNY Barometer to monitor pressure against the yuan
HONG KONG – Standard Chartered last week launched a barometer to measure pressures on the Chinese currency.
Who wins from yuan revaluation?
With a potential yuan revaluation looming, Adam Cole, senior currency strategist at Royal Bank of Canada in London, analyses the impact on the G10 FX markets.
Cognotec top tech provider
Dublin-based vendor Cognotec won FX Week 's best dealing technology award for the seventh successive year. Reuters – which now owns AVT Technologies – took second spot.
China eases capital outflow restrictions
HONG KONG – authorities have taken further steps that should allow greater flows in foreign exchange trading over the coming months.
FX – the odd man out
The currency market is decoupling from other markets. This is not sustainable, says David Woo, head of FX strategy at Barclays Capital in London
The American-style participating forward
Clients wishing to trade at a pre-specified strike rate during a certain window period, should consider the American-style participating forward, say Bank of America options specialists Jim Kamphoefner in San Francisco and Ravi Chopra in Singapore
Indian bank takes Reuters to process growing FX volumes
MUMBAI – India's Kotak Mahindra Bank has installed Reuters' Trade Processing system at its head-office in Mumbai to manage growing volumes of currency swaps, bullion trades, interest rate swaps, FX option and structured products trading.
Bond investors take up currency overlay
LONDON – Currency overlay, which is commonly used by equity investors to manage currency risk and return on their portfolios, is now catching on with bond managers.