Articles by FX Markets Staff
Citi and Merrill post bullish results
NEW YORK – Citi and Merrill Lynch have posted record results for their fixed-income businesses, with FX playing a strong role. Merrill said record currency revenues helped revenues from the fixed-income, currencies and commodities division grow from…
Four ISE forex contracts go live
NEW YORK – Four FX options contracts began trading on the New York-based International Securities Exchange (ISE) last Tuesday (April 17).
Lehman Brothers expands e-FX capabilities
LONDON – Lehman Brothers is expanding its e-commerce capabilities, as part of the continued expansion of the bank's forex business.
Forex shuffle at London Citi
LONDON – Citi is undergoing changes at its FX team in London, with three departures and two hires.
Continental shift for Reuters sales force
SINGAPORE, LONDON & NEW YORK – Electronic broker Reuters has realigned its sales force across three continents, to adapt to the evolving market-place.
Examining emerging market currencies
NEW YORK-based Merrill Lynch currency strategists Daniel Tenengauzer and Parag Ramaiya explain why the bank's valuation model views most emerging market currencies as undervalued
Former FX salesperson sues BNP Paribas for discrimination
LONDON – A former FX salesperson at BNP Paribas, Katharina Tofeji, is suing the bank for £1.35 million ($2.7 million) on the grounds of sex discrimination, victimisation and constructive dismissal.
Merrill reorg triggers forex hires
LONDON & NEW YORK – Merrill Lynch has made four hires in its FX options team, amid a reorganisation of its FX and local currency trading businesses.
Picking the bones of the Refco carcass
The Refco saga has finally come to an end for one online currency trading platform – ACM Markets.
Clariden centralises forex pricing data
LONDON – Swiss private bank Clariden Leu has rolled out an FX pricing solution to centralise pricing and distribution of FX rates throughout the organisation.
Commerzbank continues EM expansion
FRANKFURT – Commerzbank has re-hired Frank Berger as head of emerging markets FX forwards in Frankfurt, as it continues to expand its EM capabilities.
E-trading lifts retail volumes
LONDON – Electronic trading platforms have spurred the growth of retail foreign exchange trading volumes in the global FX market, according to research released last week.
Merrill Lynch reshuffles London forex sales structure
LONDON – Merrill Lynch has reorganised its London-based forex sales team, as it shifts away from a regional structure to a client-focused one.
BarCap loses two, gains one in London
LONDON – Barclays Capital has undergone changes to its foreign exchange team in London, with two departures and a hire.
When volatile waters grow calmer
How should one prepare for a return to more normal levels of volatility? Neil Mellor , currency strategist at The Bank of New York in London, evaluates expectations for record lows.
ABN Amro departures highlight staff jitters
HONG KONG – ABN Amro continues to suffer departures in FX sales and structuring in Hong Kong, as rival banks target talent at the regional operations of the Dutch bank.
More UK pensions actively manage currency exposure
LONDON – An increasing number of UK pension funds are choosing to actively manage currency exposure, according to a new survey gathered from 651 European pension funds.
China forex market advances with launch of RMB e-trading
SHANGHAI – The Chinese Foreign Exchange Trading System (Cfets) last week launched electronic trading in RMB crosses, marking the next phase in the evolution of the country's foreign exchange market.
Ugly rumours are not a pretty picture
One rumour that's spread like wildfire in the last month has concerned the future of ODL Securities' US operations.
Calyon deploys global electronic interest rate derivatives platform
PARIS – Calyon is in the process of deploying an electronic interest rate derivatives (IRD) distribution and trading platform globally.
Directional Trading opens to investors
LONDON – Proprietary trading company Directional Trading has opened three currency management programmes to investors, in the form of managed accounts.
Icap challenges Reuters with i-Forwards platform
GLOBAL – Interdealer broker Icap is taking on rival electronic forward FX broker Reuters, with the global rollout of i-Forwards, its electronic trading platform.