Articles by FX Markets Staff
Banks and hedge funds spur growth in OIS trading
LONDON & NEW YORK - Central bank activity has contributed towards a surge in trading overnight index swaps (OIS) over the past year, according to dealers.
FX head quits Credit Suisse
LONDON - Credit Suisse has lost its head of UK foreign exchange sales, the Swiss dealer has confirmed.
Retail platforms in currency expansion
NEW YORK - Online FX trading companies CMS Forex and FXCM have added new currencies to their trading platforms, allowing retail traders to trade in emerging market currencies.
Taratunio joins Bank of America
NEW YORK - Senior foreign exchange salesperson Gary Taratunio is heading to Bank of America (BoA) in New York, after leaving JP Morgan last month.
Another good quarter for FX
BOSTON & NEW YORK - US dealers posted record second-quarter revenues from foreign exchange business, as volatility remained high over the period.
Deutsche ETN yields top returns
NEW YORK - Deutsche Bank's Australian dollar currency exchange-traded note (ETN) has generated the highest three-month returns among those surveyed by FX Week , at 7.86% as of July 17.
FIX Protocol encourages more buy-in from emerging markets
FIX Protocol Ltd (FPL) has launched a new membership category that aims to encourage firms located within emerging markets to join and become active participants within FPL.
Bringing it home
Naomi Fink, Japan strategist in global markets sales and trading at the Bank of Tokyo Mitsubishi UFJ says tax breaks in Japan won't be enough to encourage Japanese investors to repatriate their Brazilian profits to the country
Korea relaxes won NDF rules
SEOUL - Plans by South Korean officials to ease restrictions on won non-deliverable forwards (NDF) trading could shift speculative trading onshore, say traders.
Pakistan shuts rupee FX forwards
KARACHI - The State Bank of Pakistan suspended foreign exchange forwards trades and shortened FX trading hours last Wednesday (July 9), in a bid to curb a sharp devaluation of the rupee (PKR) against the US dollar, say local traders.
One down in FX at Credit Suisse LONDON
Credit Suisse is understood to have suffered a loss in its foreign exchange options team in London. Ian Hamilton, an FX exotics options trader at the bank, is said to have left last week (July 7).
Wesselius joins Deutsche
AMSTERDAM, ATHENS & LONDON - Deutsche Bank has hired BNP Paribas' former foreign exchange sales head for the Netherlands to lead its Dutch FX coverage.
Calyon hires ex-Commerzbank head
LONDON - Calyon is said to have hired Nasir Afaf, formerly head of foreign exchange options at Commerzbank, as its new head of FX trading in London.
BoA in global reshuffle
NEW YORK, CHARLOTTE & LONDON - Bank of America has consolidated its global rates, currencies and commodities (GRCC) and credit products (GCP) businesses into a newly formed global fixed-income platform.
Internalising flow threatens brokers
As banks begin looking at ways to internalise flow, the big question is what it will mean for electronic brokers such as EBS and Thomson Reuters.
Euro growth continuing, says ECB
FRANKFURT - Despite doubts over its survival at launch 10 years ago, the euro remains a strong player in the international currency market, according to the European Central Bank (ECB).
SmartStream boosts post-trade with TLM Treasury Confirmations
LONDON - London-based technology vendor SmartStream Technologies has launched TLM Treasury Confirmations for FX, money market and over-the-counter trades, in response to market demands for enhanced post-trade capabilities.
Scandinavian currencies boost Tradebook FX expansion
LONDON, NEW YORK & SINGAPORE - Bloomberg Tradebook FX has added Scandinavian currencies to its FX outrights trading, bringing the total number of currency pairs to 32.
CNCE adopts SmartTrade platform
NEW YORK & PARIS - Caisse Nationale des Caisses d'Epargne (CNCE), the French banking head of Groupe Caisse d'Epargne, has selected the SmartTrade Transaction Platform (STTP) to source and distribute liquidity from CNCE's internal pricing engines to…
Icap shares suffer amid slow growth speculation
LONDON - Speculation of a fall-off in currencies, rates and credit products growth at Icap caused a sharp fall in the monthly share value of the London-based interdealer broker last week.
Parker FX Index back on track in May
STAMFORD, CT - The Parker FX Index recorded a 0.08% return in May as the US dollar appreciated 0.5% against a basket of G-6 currencies.