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FX Markets Staff

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Articles by FX Markets Staff

S&P introduces Currency Arbitrage index

LONDON - London-based ratings agency Standard & Poor's has launched a family of indexes designed to model arbitrage strategies in the financial markets. They include the Currency Arbitrage index.

dbFX goes Spanish

LONDON - Deutsche Bank plans to extend its coverage of the retail foreign exchange market by launching margin trading platform dbFX in additional European languages this year.

Morgan Stanley merges fixed income

NEW YORK & LONDON - Morgan Stanley has merged its fixed-income trading operations into a single unit, one month after announcing a net revenue loss of $7.9 billion in the fourth quarter of 2007.

Citi launches Japan desk in India

NEW DELHI - Citigroup is launching a Japan-focused desk in New Delhi at the end of January, to cater to a growing number of Japanese corporate clients in the country.

Yen stands strong

Philip Brass, global head of CitiFX flows in London, predicts a prolonged period of yen strength as holders of short yen positions change their investment strategies

CFTC stays quiet on forex scam

WASHINGTON DC - The United States Commodity Futures Trading Commission (CFTC) said it could neither "confirm nor deny" the existence of an investigation by its offices into a US man who allegedly defrauded investors millions of dollars.

UBS launches Greenhouse Index

LONDON - UBS is set to launch UBS Greenhouse Index (UBS-GHI), a tradable investment benchmark tracking a combination of weather futures and greenhouse gas emissions credits, on January 23.

US banks in management shake-up

GLOBAL - Lehman Brothers and Merrill Lynch have seen a shake-out of senior management globally as the banks began paying out bonuses last week.

UBS loses staff to Julius Baer

SINGAPORE - Bank Julius Baer has expanded its marketing team in Singapore with senior hires from Swiss rival UBS.

Dah Sing Bank deploys Fenics FX

HONG KONG - Dah Sing Bank has begun using foreign exchange options pricing and risk management system Fenics FX, developed by interdealer broker GFI, at its Hong Kong-based treasury department.

Tullett Prebon expands product range in Japan

LONDON & TOKYO - Interdealer broker Tullett Prebon has restructured its Tokyo joint venture with broker-dealer house Central Tanshi, a move that will have a big impact on revenues coming out of Japan, a company official told FX Week .

NFA shuts down four FX dealers

CHICAGO - Four foreign exchange brokers were forced to close operations last month after failing to meet the National Futures Association's (NFA) $5 million minimum net capital requirements.

Nordea builds algorithms

COPENHAGEN - Nordea plans to begin using algorithms for trading and risk management within the first half of this year, a senior official has told FX Week .

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