Articles by FX Markets Staff
Time to tighten the belt
Marc Chandler, chief currency strategist at Brown Brothers Harriman in New York, considers how the fight against rising inflation will affect markets around the globe
Rival banks scoop Merrill Lynch defectors
LONDON - Morgan Stanley and Barclays Capital have made two hires from Merrill Lynch, market sources tell FX Week .
The end of an era
Teis Knuthsen, head of foreign exchange research at Danske Bank in Copenhagen, says rising inflation could force a shift in the underlying FX regime of the past decade
Quant demand in full force
GLOBAL - The high demand for quantitative foreign exchange specialists continues, fuelled by concerns over risk controls and growth in local currency derivatives and hybrid derivatives trading, industry sources have told FX Week .
New generation CEP for forex liquidity
A white paper being released today (June 30) is set to evangalise the benefits of using adaptive complex-event processing (CEP) technologies for liquidity management in foreign exchange.
Oanda offers money-transfer service
NEW YORK, TORONTO ZURICH & SINGAPORE - Online trading company Oanda is today (June 30) launching a new wire transfer service called FXGlobalTransfer for cash management in cross-border funds transfer.
Onix offers real-time market data solution
LONDON - London-based software vendor Onix Solutions has released a FIX engine and ITCH real-time market data solution set integrated with Hotspot FXi.
Investors keen on double-short euro ETNs
NEW YORK - Morgan Stanley's Market Vectors double-long leveraged euro exchange-traded notes (ETNs) have outperformed their double-short counterparts by almost 30 times in trading volumes.
NAB strengthens UK forex team
LONDON - National Australia Bank (NAB) has expanded its London foreign exchange team, with three hires covering Europe-domiciled business.
ACI on quest for global understanding
The current money market conditions continue to be the subject of debate within the financial community. The discussions are global and, with ACI being a global association, there is a need to reach out to members to understand their current thinking…
Small US banks free to use standardised approach
WASHINGTON, DC - The Federal Reserve has announced it will permit smaller US financial institutions to implement the standardised approach for Basel II compliance, acknowledging misgivings raised by banks over previous proposals.
Solid Q2 for FX
NEW YORK - Lehman Bros and Goldman Sachs attest to solid foreign exchange revenue gains in the second quarter, according to results released last week.
Two FX options traders quit Merrill Lynch
LONDON - Merrill Lynch has lost two star foreign exchange options traders in London, market sources tell FX Week .
Ex-UBS FX bank sales team set to start at Citi
ZURICH, LONDON & SINGAPORE - The former UBS bank foreign exchange sales team is set to begin at US rival Citi from July 1, Citi confirmed.
Shake-up at Commerzbank
LONDON - Commerzbank has restructured its FX and rates desk, resulting in the departure of Nasir Afaf, head of FX options in London.
No respite this summer
Valentin Marinov, foreign exchange strategist at Dresdner Kleinwort in London, evaluates the prospects of a volatile summer and beyond
Asia should ditch USD to cut settlement risk
HONG KONG & TOKYO - US dollar settlement risks in the Asian foreign exchange market could be reduced by using an Asian vehicle currency for intra-regional trade and direct settlement among Asian currencies, according to economists.
BMO opens branch in Shanghai
SHANGHAI - BMO Financial Group opened its Shanghai branch on May 13th. Initially a representative office, the branch has been upgraded in a bid to increase the bank's coverage of the Yangtze River Delta region.
Calyon adopts Caplin Trader front end
LONDON - Calyon plans to use multi-asset class web-based front end Caplin Trader, by London-based web technology vendor Caplin Systems, for its new online single-dealer portal for fixed-income trading.
BoA hires London forex duo
LONDON - Bank of America (BoA) is hitting back after making severe cuts to its foreign exchange team in January by boosting its sales and trading franchise in London with two senior hires.
UniCredit eyes up US
NEW YORK - UniCredit has turned its sights to the US by making key foreign exchange hires, after driving its sales and trading businesses in Asia.
TD Securities expands in forex options
LONDON - TD Securities has hired David Hitchins as managing director and global head of foreign exchange options in London to spearhead the global expansion of the dealer's FX options business.