Articles by FX Markets Staff
Marex hooks up with Accelor
LONDON – Independent brokerage Marex Financial has established connectivity to Accelor, FXall's new electronic communications network, enabling clients to trade over the platform.
Banks warn to stress test
CHICAGO – At last week's FX Invest congress in Chicago, Barclays Capital, Citi and Morgan Stanley warned of the pressures being placed on back-office systems by rising FX volumes.
Saab chooses SuperD to enhance pension funds
STOCKHOLM – Swedish defence contractor Saab is using interest rate derivatives data from SuperDerivatives to enhance the performance of its employee pension funds.
Banks gear up to pursue forex opportunities in India
MUMBAI – Banks are realigning and expanding FX desks in India, in response to the growing business opportunities in the country.
SEB gets China RMB go-ahead
SHANGHAI – SEB Shanghai has received approval from the Chinese foreign exchange regulators to launch a renminbi forex forwards business in the country.
Specialist calls for a level forex playing field
CHICAGO – The foreign exchange industry should consider levelling the playing field to reflect the changing dynamics in the market, said Howard Tai, currency and equity derivatives specialist at American Century Investment.
The move to a multi-asset class approach
Last week in Chicago, we hosted our first event targeted at the buy-side, FX Invest . One of the recurring themes during the day was the shift to cross-asset trading and sales.
CME sets new volume record
CHICAGO – The volume of FX futures and options traded on the Chicago Mercantile Exchange (CME) reached an all-time high in March, posting a notional value of $80 billion.
Bank of America joins index bandwagon
NEW YORK – Bank of America (BoA) has launched 73 indexes that track the performance of 30 developed and emerging market currencies against the US dollar.
CFTC charges unregulated futures brokers
WASHINGTON DC – The US futures regulator is continuing to battle FX fraud in the country, with charges hitting unregulated FX futures brokers and online retail trading platforms.
Commodities to become a core asset class, FSA predicts
LONDON – The UK Financial Services Authority (FSA) predicts commodities will become a core asset class for all diversified portfolios.
Forex tech spend set to rise 65% in 2010
BOSTON – Expenditure on technologies to support advanced trading strategies for FX trading in North America is expected to rise by around 65% over the next three years, as firms struggle to keep pace with the demands of low-latency trading, according to…
Traiana daily volumes exceed $120 billion
LONDON – Average daily FX volumes over the Traiana Harmony network have exceeded $120 billion this year.
Bear Stearns realigns forex, rates and credit
NEW YORK, LONDON & HONG KONG – Bear Stearns has made several strategic hires to drive the consolidation of its global credit, FX and rates business into three major regional trading groups in Europe, Asia and the US.
Advanced Markets chooses Cognotec's retail FX solution
CHARLOTTE, N. CAROLINA – Forex broker Advanced Markets is going live with Cognotec's retail FX trading platform, RealStream-Margin this quarter.
Deutsche Bank launches currency index
LONDON – Deutsche Bank last week launched an investable currency index that replicates the carry, momentum and valuation strategies in a non-discretionary rule-based product.
JP Morgan loses three, hires one in forex
NEW YORK & SINGAPORE – JP Morgan has lost three members of its FX team in New York and London.
Russia continues dollar shopping spree
Russian foreign exchange reserve growth is led by dollar buy-up, says Chris Turner , head of FX strategy research at ING wholesale banking in London
Retail FX platform attracts $100 million from PE firm
SADDLE RIVER, NEW JERSEY – Online trading platform FX Solutions has received more than $100 million from Francisco Partners, a technology-focused private equity investment firm.
HSBC reshuffles in Asia
HONG KONG, JAKARTA & MUMBAI – HSBC has realigned senior management in Asia, as it bolsters its coverage of the Indian market.
The need for speed in algorithmic trading
LONDON – By 2017, the 10 top banks will manage 80% of all capital markets by revenue, according to Ralph Silva, senior analyst from Tower Group.
Voting for e-FX Awards is underway
The starting pistol for this year's e-FX Awards has been fired, with companies invited to submit their pitches in the 13 categories.