Articles by FX Markets Staff
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.
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.
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…
NAB strengthens UK forex team
LONDON - National Australia Bank (NAB) has expanded its London foreign exchange team, with three hires covering Europe-domiciled business.
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.
Automated FX trading models provide diversified alpha
David Popplewell, director of currency structuring at RBS in London, says to look beyond carry baskets and actively managed foreign exchange allocation to generate alpha from FX
Overcoming the post-trade dilemma
Heiko Sundermann is head of FXMM client technology at UBS, and is programme manager of a front-to-back business process re-engineering initiative for FX-cash products that aims to increase operations capacity
More departures from JP Morgan
LONDON - Mass redundancies are continuing to affect the foreign exchange desks of JP Morgan in London, with two former Bank One staff reputed to have left the US dealer this month.
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.
Deutsche strengthens in Russia
MOSCOW & BRASILIA - Deutsche Bank has boosted its FX operations in Russia and Brazil by recruiting staff from JP Morgan and Merrill Lynch.
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.
Foreign exchange: the entrepreneurs' market
Does anyone get the impression Michael Spencer is not only taking over the foreign exchange industry but also keeping developments in the family?
SuperDerivatives upgrades forex platform
LONDON - Seven banks have begun using upgraded pricing and risk management software offered by SuperDerivatives that includes expanded exotics support and integrated price discovery, marketing, reporting and online execution.
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.
Icap breaks into retail forex market
LONDON - Icap is breaking into the lucrative retail foreign exchange market by teaming up with London-based retail equity and FX trading sister company City Index, senior officials tell FX 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 .
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.
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.
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.
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.