Articles by FX Markets Staff
Currency managers down in September
STAMFORD, CT -- Few currency fund managers saw positive returns in September, according to the Parker Global Strategies’ FX index, released last week.
Real makes shaky steps to recovery
SAO PAULO -- The Brazilian real has steadied in the aftermath of the recent presidential elections, but Brazil’s debt problems are still threatening the currency.
BBH upgrades web platform for investors
NEW YORK -- US custodian Brown Brothers Harriman (BBH) went live with the upgrade of its web-based currency trading service FX WorldView last week, Brenda Kerins, head of FX e-commerce at BBH in New York told FX Week .
Vendors showcase custom-built solutions
KUALA LUMPUR -- Customised solutions dominated the trade show at the ACI -- The Financial Markets Association’s 22nd Asia Pacific Congress earlier this month.
Asian banks reinvent treasury
KUALA LUMPUR -- Banks in Asia are reinventing their treasury departments to become more customer-centric, with increasingly sophisticated products, heard delegates at the forex industry congress in Kuala Lumpur.
AIG joins CLS as new shareholder
LONDON -- American International Group (AIG) has become a shareholder of CLS Group Holdings, the holding company for Continuous Linked Settlement (CLS), the firm announced last week.
Malaysian central banker addresses forex market
KUALA LUMPUR -- The governor of the Central Bank of Malaysia last week told forex dealers the concept of a single Asian currency was unlikely in the immediate future. But, "this does not preclude greater co-operation on exchange rate issues and other…
Fundtech in front for CLS vendors
JERSEY CITY -- More CLS Settlement Members -- banks holding direct accounts with FX settlement service CLS -- have used Fundtech to process their payments than any other vendor.
Swissie stays stable
Risk aversion has aided Swiss franc progress, says David Durrant, chief currency strategist at Julius Baer Asset Management in New York
CLS authorises third-party services launch
LONDON -- CLS Bank today (November 4) authorised its Settlement Members to offer Continuous Linked Settlement to their banking customers.
Asia FX specialists key to onshore expansion
HONG KONG -- Market participants with specialist knowledge of Asian FX are becoming more valuable as banks expand their onshore FX options services in the region, senior options officials told FX Week .
Germany: the eurozone laggard
There are several positive influences on the euro, but the German economy is holding the currency back, says Nick Bennenbroek, international economist at Brown Brothers Harriman in New York
Singapore banks link for CLS
Singapore -- Three Singaporean banks will go live this December with a joint back-office processing link to the Continuous Linked Settlement (CLS) service for foreign exchange.
ANZ completes merger of spot and options trading
MELBOURNE -- ANZ Investment Bank has completed a reorganisation to merge spot and options trading, in favour of expanding its global sales forces.
Tech briefs
SuperDerivatives snares Mizuho FX options pricing vendor SuperDerivatives has added Mizuho Corporate Bank to its client list.
FXall expands STP influence
LONDON -- Multi-bank FX trading portal FXall last week announced complete straight-through processing (STP) for clients of treasury management system vendors XRT, Selkirk and SimCorp.
AutoDeal+ sees light
LONDON -- FX trading technology vendor Cognotec will today (November 4) launch AutoDeal+, its new foreign exchange trading platform.
Credit ratings come into FX focus
LONDON/NEW YORK -- Credit ratings are becoming increasingly significant to FX market players, with downgrades increasing in the current economic downturn, market participants told FX Week .
Yen shrugs off loans plan
TOKYO -- There was muted reaction in the FX markets last week to the Japanese authorities' plans to tackle bankss bad loans and revive the region's faltering financial system, analysts told FX Week .