Articles by FX Markets Staff
RBC snares two for sales team
LONDON -- Royal Bank of Canada Capital Markets has hired two new staff for its FX sales operation in London.
Asian forex players muster in Malaysia
KUALA LUMPUR -- Forex market players in Asia will gather in Kuala Lumpur this week for ACI -- The Financial Markets Association's 22nd Asia Pacific Congress.
Market mulls options benchmark
LONDON -- Standard FX options benchmark prices could be the answer to inaccuracies in marking exposures to market, but whether the move is possible is a matter for debate, according to senior options market participants.
Market awaits Japan loan package
TOKYO -- Japanese yen trading was mixed last week after authorities delayed the publication of a report on measures to address the problem of Japanese banks' bad loans.
Structuring trend deepens
LONDON -- More banks are hiring dedicated structuring specialists in a drive to sell FX as part of their financial markets package. Barclays Capital, Deutsche Bank, HSBC, Merrill Lynch, SG and UBS Warburg are among the banks that have hired staff in the…
Merrill Lynch launches new research products
LONDON -- Merrill Lynch's newly formed FX research team last week launched its new research products.
Sungard coup for FXConnect
LONDON -- State Street Corporation is to announce this week it has secured a coveted deal with UK treasury software firm Sungard.
Short-term divergence
Traders seeking to exploit medium-term misalignments in FX rates should take a close look at euro/Norwegian krone and dollar/Swiss franc trends, says Aziz McMahon, FX strategist at ABN Amro in London
CAI builds fixed income and risk
PARIS -- French bank Crédit Agricole Indosuez (CAI) has added six new fixed income and risk staff in Paris following the restructuring of its fixed income group in early September.
Abbey National adds to Arcontech data
LONDON -- Abbey National Treasury Services (Ants) is contributing its interest rates to market data vendors using Arcontech's CityVision Multiple Vendor Contribution System (MVCS), the UK-based technology vendor will announce this week.
Exchange model for e-FX unlikely
DAVOS -- The foreign exchange market is unlikely to move to a formal exchange model, whereby customers can deal directly with each other, said speakers at a seminar organised by ACI -- The Financial Markets Association.
FX Concepts expands into Australia and New Zealand
NEW YORK -- Currency overlay and research firm FX Concepts has partnered with Melbourne-based marketing firm Sovereign Investment Research to expand its operations in the Australian and New Zealand markets, FX Concepts announced last week.
EU enlargement may increase euro liquidity
FRANKFURT -- Enlargement of the European Union and adoption of the euro by EU ascension countries could see deeper, more liquid trading of the euro.
Market awaits Japan loan package
TOKYO -- Japanese yen trading was mixed last week after authorities delayed the publication of a report on measures to address the problem of Japanese banks' bad loans.
BIS: e-FX may impact liquidity, volatility
BASLE -- Market participants fear the rise of electronic trading may adversely impact liquidity and volatility in the FX markets, according to the Bank for International Settlements (BIS).
Exchange model for e-FX unlikely
DAVOS -- The foreign exchange market is unlikely to move to a formal exchange model, whereby customers can deal directly with each other, said speakers at a seminar organised by ACI -- The Financial Markets Association.
Banks buy not build for FX
LONDON -- Banks are increasingly outsourcing FX technology, moving away from proprietary systems, bank officials and FX vendors told FX Week .
Expansion in forwards trading and teams
LONDON -- The FX forwards market is seeing an influx of new dealers and trading systems as players battle for market share in the lucrative sector.
Q3 treasury broking results bring ray of light for Reuters
LONDON -- Reuters' treasury broking services provided a rare piece of good news in the UK technology and data firm's Q3 results, published last week.
Barclays bolsters global line-up with 10th new recruit this year
LONDON -- The wholesale expansion of Barclays Capital's forex group continued last week with the hire of a new global head of foreign exchange structuring.
Merrill ousts derivatives head
LONDON -- Merrill Lynch has ousted its European head of fixed income and FX derivatives, Kevin Chattwell, as part of the US investment bank's efforts to flatten its senior management structure.
Sterling: the big-picture view
The UK economy is looking increasingly like Cinderella among the ugly sisters of Japan, Europe and the US, says David Bloom, currency strategist at HSBCin London