Articles by FX Markets Staff
Cognotec named top technology vendor
Cognotec returned to the top of the podium in the best vendor for dealing technology category, after finishing second to Reuters in 2005.
HSBC gains ground in majors
After cementing its position as the pre-eminent bank in emerging market currencies, HSBC is beginning to make headway as a strong contender in the majors.
RCP rolls out new version of Deal Web
LONDON – Technology vendor RCP Consultants this week releases the latest version of its conversational analysis and deal matching system, RCP Deal Web.
Thailand acts to curb baht speculation
BANGKOK – The Bank of Thailand (BoT) introduced new capital controls last week aimed at clamping down on speculative baht trading.
Flextrade picks up algorithmic honours
Flextrade Systems took the award of best vendor for algorithmic trading.
CME expands FX options opening hours
CHICAGO – Chicago Mercantile Exchange announced it will offer side-by-side electronic and open outcry trading for the majority of its CME FX futures options from December 18.
Icap sets up Russian service
LONDON & MOSCOW – Icap last month established a rouble rates desk, as the money broker looks to build its capabilities in the rapidly expanding market.
Market is over-bearish on greenback – Legal & General
LONDON – The majority of the market is far too bearish on the dollar, according to UK fund manager Legal and General Investment Management.
Taking advantage of variance swaps
Loïc Henry, head of structuring at Calyon in Paris, suggests using variance swaps to trade non-directional strategies in an environment of low volatility
FXall holds onto multi-bank award
FXall continued its winning streak in the best bank for multi-bank FX portal stakes, and said it is focused on staying ahead of the field.
BarCap top in e-trading
Barclays Capital has won the best bank for e-trading award for the first time, overtaking last year's winner UBS.
Staying a step ahead of the pack
Icap's move to shift the emphasis of its voice-broking capabilities to emerging markets is indicative of how the company has achieved its current dominant position as a global force in money broking.
ABN Amro lifts CLS award
ABN Amro pipped UBS to the post for best bank for third-party CLS category.
Slovenia to join eurozone
LJUBLJANA – Slovenia is on course to join the eurozone on January 1, according to a report by the European Commission released last Friday (November 10).
CFTC fines Florida forex firm
WASHINGTON DC – Florida Federal Court last week ruled against foreign exchange firm G7 Advisory Services, in a $2.1 million fraud action brought by the US Commodity Futures Trading Commission (CFTC).
Deutsche scoops structuring trophy
Having a diversified client base helped Deutsche Bank pick up the structured products award, according to Ray Franzi, head of structuring for Europe in London.
UBS triumphs as Citi bounces back level, helping it to take the best bank for spot FX award.
Meanwhile, Citigroup stormed back into second place and picked up five awards including best bank in forward FX and best bank in currency options. The US bank scored solid support from voters in all three categories, moving from fifth to second among…
Dresdner joins EBS as prime bank amid rising volumes
LONDON – Dresdner Kleinwort has joined EBS as a prime bank, with the spot broker saying sharp increases in prime volumes demonstrate its ability to withstand challenges from new entrants.
Former Goldman Sachs FX chief launches hedge fund
NEW YORK – Peter Gerhard, Goldman Sachs' former head of FX, has launched his first hedge fund with new firm East Avenue Capital Partners.
Informa back on top with research trophy
After last year's glitch, Informa Global Markets is back on top as the best vendor for FX research and strategy.
UBS triumphs as Citi bounces back
LONDON – UBS retained its top spot in this year's FX Week Best Banks Awards, as Citigroup bounced back to take second spot.
China's forex reserves exceed $1 trillion
BEIJING – China's foreign exchange reserves have exceeded the $1 trillion mark, said state officials last week.
Lacklustre bonus season is forecast on low volatility
LONDON – Headhunters say FX professionals are concerned that low market volatility will mean lower bonuses, despite predictions that overall bank remuneration will be up.