Articles by FX Markets Staff
MMS plans growth in forex analysis
LONDON -- FX and fixed-income analysis provider MMS International, part of the newly formed MMS Group, is to grow its headcount by 20%.
Dealers suffer continued M&A woes
LONDON -- Forex-related mergers and acquisitions (M&A) activity slumped further in Q3, according to data published earlier this month, adding to a difficult year for corporate sales.
Aussie seeks momentum
The Aussie remained trapped within September’s tight trading range during the first week of October, says Adam Myers, quantitative FX strategist at Westpac Bank in London.
ABN Amro scores CLS coup
AMSTERDAM -- ABN Amro Bank announced three clients for its third-party Continuous Linked Settlement (CLS) service last week, scoring a coup in the highly competitive market.
Tullett Financial Information launches SwapsMarker Europe on Bloomberg
LONDON -- Tullett Financial Information, a subsidiary of brokerage firm Tullet & Tokyo Liberty that provides data on derivatives products, has launched its SwapMarkerEurope interest rate swaps service on Bloomberg.
AIB continues Rusnak counterparties enquiry
DUBLIN -- Allied Irish Banks (AIB) played down reports in the UK press last week that it is preparing a legal case against Citigroup over FX rogue trader John Rusnak.
CLS reaches $1 trillion volume
The CLS Group last week announced that it has settled payments instructions of more than $1 trillion in value since its September 9 launch.
Tradition forges into retail
NEW YORK -- Inter-dealer broker Tradition is moving into the retail market with the launch of a new online FX trading platform targeting individual investors, the firm announced last week.
Institutional clients boost Gain volumes
WARREN, NJ -- Increasing numbers of institutional investors using online FX trading firm Gain Capital’s platform helped boost volumes to a record $25 billion in August, said Gain’s New Jersey-based chief executive, Mark Galant.
Currency managers down in August
STAMFORD, CT -- Few currency fund managers saw positive returns in August, according to the Parker Global Strategies’ FX index, released last week.
Syntegra names systems staff
LONDON -- UK trading technology firm Syntegra last week named new members of its global trading systems management team.
Deutsche Postbank to add seven FX traders
FRANKFURT -- German savings bank Deutsche Postbank is to add seven more FX traders to its new trading floor in Frankfurt, a spokesperson told FX Week .
The lira: built to last
Despite political and economic upheaval, the Turkish lira has remained strong, says Matt Vogel, head of strategy for EMEA at Barclays Capital in London
European currencies win out as Japan and US woes bite
LONDON -- European currencies were the winners last week as fears over economic and political issues intensified pressure on the dollar and the yen.
HSBC enhances electronic MM trading and delivery
LONDON -- HSBC is planning to add new features to its electronic money markets service in November, an official at the bank told FX Week .
European currencies win out as Japan and US woes bite
LONDON -- European currencies were the winners last week as fears over economic and political issues intensified pressure on the dollar and the yen.
China FX emergence continues
BEIJING -- The liberalisation and development of China’s FX market is continuing, presenting banks with a potentially lucrative new market.
HSBC makes senior appointments
LONDON -- UK-based bank HSBC has made four senior appointments to its Corporate, Investment Banking and Markets (CIBM) division, the firm announced last week.