Articles by FX Markets Staff
UniCredit expands FICC
NEW YORK - UniCredit has hired a new head of fixed income, currencies and commodities (FICC) for the Americas, as part of a push to expand its global foreign exchange franchise.
Icap stays at the top in spot forex
Interdealer broker Icap continues to dominate the spot FX market.
More forex departures at Bank of America
YORK - Further changes at Bank of America's foreign exchange business have emerged as the US dealer realigns FX with its rates business.
SuperD adds inflation products to platform
NEW YORK - Derivatives data and pricing software vendor SuperDerivatives is adding support for inflation-linked securities and derivatives to its SD-IR interest rate derivatives pricing module, in response to client demand for data to hedge inflation…
BarCap's FX expansion continues
LONDON - Barclays Capital has hired James Polansky as head of European and Latin American emerging markets foreign exchange options trading in London.
Electronic FX volumes expected to reach 80% by 2010
NEW YORK - Electronic foreign exchange trading will account for 80% of the overall FX market by 2010, according to research released last week.
UBS reign over, Citi back on top
LONDON - Citi has usurped UBS to take top spot in this year's FX Week Best Bank Awards, ending a four-year winning streak for its Swiss rival.
Central banks: the gorillas of FX
Chris Turner, head of FX strategy research at ING wholesale banking in London, evaluates the possibility of FX sterilisation by central banks next year
Time for a new market structure
The irony of the FX markets is that calls for post-trade efficiencies today are rooted in the overall efficiencies seen to date. But the fact is that the market is reaching a critical turning point.
FX Solutions presents Web Trader platform
NEW YORK - New York-based retail trading company FX Solutions has begun demonstrating a browser-based version of online trading front-end GTS Pro.
Deutsche shakes up north American FX
NEW YORK - Deutsche Bank has realigned its foreign exchange sales business in north America, with a new head of FX sales for the region, based in New York.
UBS earns post-trade and CLS plaudits
UBS cemented its position as the top post-trade bank with a third-time win for post-trade services this year. The bank also regained the award for best third-party CLS provider after losing out to ABN Amro last year.
HSBC still number one for Asia-Pacific FX
HSBC has retained pole position as the pre-eminent bank in the Asia-Pacific, while also scooping up accolades as the best dealer in emerging Asian currencies and EMEA currencies.
Efficient delivery gives TFS-Icap options advantage
TFS-Icap has catapulted above rival interdealer brokers GFI and Reuters to swipe top spot in the contentious best broker for currency options category.
Informa new leader in research rankings
Informa Global Markets has overtaken 4Cast and IDEAGlobal to win this year's award for best research and strategy vendor.
Tullett's successful 2007 due to focus on Asian markets
Tullett Prebon has clinched the title of best broker in emerging markets, up from third place in last year's rankings.
Turbulent markets for forex traders
Marcus Browning, global head of G-10 options at Citi in London, said although clients began the year looking at carry trades, they remained cautious, which proved well advised when the market turned in the summer. "We sold very few structures where…
FXall still reigns
FXall has taken the prize as best multi-bank FX portal for the sixth year running by continuing to drive innovation.
BarCap best bank in London
Barclays Capital topped the rankings as the best bank in London for the first time in the 2007 awards, taking the title from last year's winner HSBC. BarCap also won the awards for best sterling/dollar bank and best in euro/sterling in the survey,…
FXMarketSpace trading slow in October
CHICAGO - Trading on FXMarketSpace continued to decline in October, with average daily volumes dropping 16% to $696 million, according to figures released by the platform last week.
Japan's 120 forex brokers under investigation
TOKYO - Japan's Financial Services Agency (FSA) is investigating the country's 120 licensed retail forex brokers, after local online broker FX Sapporo filed for bankruptcy last month.
Danske Bank's local focus pays off
Danske Bank's win in the Scandinavian currencies category this year is thanks to investment in its 24-hour foreign exchange desk in Copenhagen and a continued focus on retail business, said Niklas Karlsson, global head of FX spot and options.