Articles by FX Markets Staff
The kick-knock solution for cable
Trevor Carr, manager in FX options at HBOS Treasury Services in London, suggests a creative solution for a UK parent company wanting to hedge against continuing sterling strength
StanChart rebuilds options
LONDON -- Standard Chartered has hired a new global FX options head and plans to recruit up to three additional staff to the global team over the coming months, a senior official told FX Week.
Dollar dive helps set new CME records
CHICAGO -- The Chicago Mercantile Exchange reported a succession of record volumes last week, as the dollar’s dive prompted heavy trading in the world’s biggest exchange-traded FX marketplace.
Moneyline/MarketXS merger
AMSTERDAM -- Data technology firm MarketXS will take over the management of Moneyline Telerate’s business in Benelux in the first quarter of 2004.
Dollar crisis? Think again
The US current account deficits are sustainable, and the dollar correction has largely come and gone, says Frank Gong, chief FX strategist at Bank of America in Hong Kong
Hotspot FXi adds user features
NEW JERSEY -- Hotspot FXi will go live with several new connectivity, trade management, and interface enhancements on its online institutional FX trading platform this month.
Yuan peg relaxation in 2004?
BEIJING -- The Chinese yuan’s controversial peg to the US dollar could be relaxed in 2004, according to some analysts in the Asia-Pacific. However, observers warn that the US should maintain healthy political relations with the People’s Republic in order…
Deutsche Bank’s options clients go live on autobahnFX
LONDON -- Deutsche Bank clients went live on the FX options module of its autobahnFX trading platform on December 1, an official told FX Week .
Euro/Swiss franc risk reversals
Simple risk reversals are the best way for Swiss investors to manage low domestic interest rates and a softening Swiss franc versus the euro, says David Durrant, chief currency strategist and senior economist for the Americas at Julius Baer Asset…
StanChart tops Asian interbank poll
HONG KONG -- Standard Chartered was the runaway winner for currency products in FX Week sister publication AsiaRisk ’s annual interbank derivatives poll.
Shrinking cost of FX options
LONDON -- The cost of buying currency options has come down only "moderately" for clients in recent weeks and months, said options specialists interviewed by FX Week last week. But in terms of the increased risk protection they currently provide for that…
Bank One adds in spot and forwards
CHICAGO -- Bank One has added two traders in spot and forwards FX in Chicago, a senior official said last week.