Articles by FX Markets Staff
Trading places
Tullett’s Brown retires
Dollar routed again as war looms
NEW YORK -- The dollar was roundly routed last week as tensions between the US and Iraq were ratcheted up a notch.
Busy year ahead for FX committees
LONDON -- The forex committees of the eurozone, US and UK’s central banks will have a full agenda this year, senior officials told FX Week .
E-prime brokerage at DrKW
LONDON -- Dresdner Kleinwort Wasserstein’s e-FX prime brokerage service now offers full straight-through processing (STP) for its users, senior officials at the bank in London told FX Week .
Euro/sterling set to rise
Euro/sterling looks set to head higher in the coming weeks, says Jake Moore, currency strategist at Barclays Capital in London
HSBC hires new NY forex chief
NEW YORK -- Ben Welsh joined HSBC in New York last week as head of FX sales and trading, a bank official told FX Week.
Research crucial in battle for investors
LONDON -- Banks are increasingly tailoring forex research for funds clients in response to more currency trading business from that client base.
Tech briefs
Bank of Taiwan takes Citi for CLS
CMC returns to US
NEW YORK -- Online trading platform CMC is returning to the US after nearly two years away, an official told FX Week .
FIXing it for buy-side and sell-side firms
LONDON -- Buy-side and sell-side firms are increasingly adopting the Financial Information eXchange (FIX) messaging standard for FX, according to senior officials.
Brazilian real firms as Lula calms markets
SAO PAULO -- The Brazilian real has been on a firmer footing so far this year as the market reacts favourably to the new government, headed by president Luiz Inacio Lula da Silva [Lula].
HBOS sheds London staff
LONDON -- HBOS Treasury Services last week shed three forex staff as part of a reorganisation aimed at a more "efficient use of resources", said a spokesperson for the bank in Edinburgh.
Portals prepare for crucial year
LONDON -- The coming year will be decisive for multi-bank foreign exchange, according to industry participants polled by FX Week .
Citi merges FX and rates
NEW YORK -- Citigroup has merged foreign exchange with derivatives and interest rate products to form the Global Rates and Currencies group.
Dollar in for mixed week
Dollar trends will diverge in the week ahead, says John Normand, global fixed income and FX strategist at JP Morgan in London
China forex drive continues
SHANGHAI -- The liberalisation of China’s FX market continued apace last week, as the People’s Bank of China (PBoC) announced that a further 50 foreign banks have been authorised to trade the yuan.
Path to ECB presidency opens up for Trichet
PARIS -- Bank of France governor Jean-Claude Trichet’s path to the presidency of the European Central Bank (ECB) was partially cleared last week when Judge Olivier Perusset declined a prosecution request to postpone his trial.
Trading places
BarCap hires new FX sales head
Euro wins as North Korea tensions rise
LONDON -- The euro was the biggest beneficiary in the currency markets as tensions in Asia increased over North Korea’s nuclear intention last week.
Reuters swaps plans won’t change Icor FX
NEW YORK -- Reuters’ recent agreement in principle to take control of its part-subsidiary Icor Brokerage’s interest rate swaps platform, will not be extended to forex, an Icor official told FX Week .
Will white labelling stick?
Citigroup’s new white-label service has prompted interest from other banks. But a number of problems must be overcome before they can launch similar products, says James Kemp, London-based managing director of UK technology firm Stentra
March - Atriax sunk by failed merger talks
Atriax sunk by failed merger talks
February - Rogue trading hits the headlines – again
Rogue trading hits the headlines -- again