Articles by FX Markets Staff
SuperD offers exit pricing
LONDON - Market turmoil and increased regulation has prompted data and software vendor SuperDerivatives to add liquidation, or exit, pricing to its portfolio revaluation services.
Fair-value strategies pay off in March
LONDON - Currency managers running value strategies were likely to have the best returns in March, according to strategy research by ABN Amro.
How misaligned is USD?
Pete Luxton, global economic adviser at Informa Global Markets in London, assesses USD's deviation from purchasing power parity and how it affects the G-10 currencies
dbFX chief Hardiman departs
LONDON - Catherine Hardiman, London-based head of Deutsche Bank's retail platform, dbFX, has left the bank.
BarCap aims to capture FX volatility
LONDON - Barclays Capital has launched three foreign exchange volatility indexes, the BetaVol, Smart BetaVol and AlphaVol. The indexes, which are designed to provide portfolio diversification and event hedge protection against sudden market downturns,…
Swiss retail FX rules spell consolidation
BERN - Recent amendments by the Swiss Federal Banking Commission (SFBC) to the banking ordinance concerning foreign exchange dealers could lead to consolidation of the retail FX market in the country.
India reacts to rise in FX derivatives losses
MUMBAI - Indian accounting regulators have brought forward the deadline for complaince with disclosure requirements related to foreign exchange derivatives, amid rising losses linked to complex hedges by small to medium-sized enterprises (SMEs).
Caplin wins three new clients
LONDON - London-based web technology vendor Caplin Systems has gained three new clients for its multi-product web-based client connectivity platform, Caplin Trader, said an official at the company.
Dresdner enhances risk appetite tool
LONDON - Dresdner Kleinwort has enhanced its proprietary multi-asset class risk appetite measurement tool, ARPI (aggregate risk perception index), ahead of a strong global push later this year.
Handelsbanken shuts down New York desk
NEW YORK - Handelsbanken Capital Markets is closing down its New York FX proprietary trading operation and concentrating this activity in Stockholm, where it is based, as part of a move to reduce earnings volatility.
A matter of preference
Jeffrey Todd Lins, director of quantitative analysis at Saxo Bank in Copenhagen, advances the tired debate over hedging versus alpha generation in wealth management.
Yen rise triggers PRDC hedging
TOKYO - The sharp appreciation of the yen in March has left dealers jostling to hedge exposures to power-reverse dual currency notes (PRDCs) and other similar structured products.
UBS loses euro options head to Goldman Sachs
LONDON - Goldman Sachs is said to have hired Amol Devani, former European head of foreign exchange options at UBS, in London.
Wing Hang selects Misys Summit FT
HONG KONG - Wing Hang Bank has signed a deal with a global application software vendor Misys to instal treasury and capital markets software in its Hong Kong head office and subsidiary bank's operation in China.
SocGen reshuffles FICC
LONDON & PARIS - Société Générale restructured its fixed income, currencies and commodities (FICC) division last week (April 3).
India's Centurion Bank signs up to SuperD
LONDON & MUMBAI - Centurion Bank of Punjab (CBP) has gone live with SuperDerivatives' SD-Banks multi-asset derivatives portfolio management system and the SD-IR interest rates pricing and analytics module.
Citi targets EM settlement
NEW YORK & BOGOTA - Citi's domestic settlement service is set to gain a foothold in emerging markets where CLS is currently not active.
US trading revenues plummet in 2007
NEW YORK - US commercial banks recorded $5.5 billion in trading revenues in 2007, down $13.3 billion from the record of $18.8 billion set in 2006, according to a report published by the Office of the Comptroller of the Currency last week (April 2).
Small retail FX firms face extinction
Felix Shipkevich, general counsel, and Anna Vidiaev, staff attorney, at online foreign exchange trading company Capital Market Services in New York say a proposed rise in capital requirements for retail brokers will result in an anticompetitive market
Merk offers Asian currency fund
PALO ALTO, CA - Merk Investments launched the Merk Asian Currency Fund (MACF) on Tuesday (April 1), a mutual fund that invests in a basket of Asian currencies, aimed at retail investors.
USD hits lows, but no recovery until H2
Michael Ramon Klawitter, senior foreign exchange strategist at Dresdner Kleinwort in Frankfurt, says massive Fed liquidity injections will buy the US government enough time to develop a far-reaching rescue package for the economy and the financial sector
Can the buy side deliver on prices?
This Wednesday FX Week is hosting its second annual FX Invest USA congress at the Mid-America Club in Chicago. The event follows the successful launch last year of this series of conferences, which act as a forum to discuss issues facing the industry…