Articles by FX Markets Staff
Citigroup leads forward FX and options
Citigroup's effort to bolster its derivatives capabilities continues to pay dividends. The US banking giant has surged to the top of the forward FX category while maintaining its lead in currency options.
SEB pips Danske to Scandinavian honours
Skandinaviska Enskilda Banken (SEB) this year topped the Scandinavian currency pair category, ousting Danske Bank, while HSBC continued to dominate emerging market currencies. SEB was voted top by both banks and corporates and was placed fifth by…
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.
European banks down in Q3
ZURICH, FRANKFURT & AMSTERDAM – European FX results were down for the third quarter, with only Credit Suisse managing to beat last year's figures.
Top Australian banks report bumper FX profits
SYDNEY & MELBOURNE – National Australia Bank (NAB), ANZ and Westpac reported decreased overall profits in the six months ending September 30, reflecting the slower trading climate over the past few months.
Flextrade beta-tests MilanFX system
NEW YORK – Trading technology vendor Flextrade has started beta-testing its block FX trading platform MilanFX, it told FX Week . The vendor becomes the first to roll out a block trading venue for foreign exchange and employ a dark pool of liquidity.
Businesses must move with the times
Fear of the unknown often prevents businesses from achieving their potential.
Misys signs three top Asian institutions
ASIA-PACIFIC – Misys has expanded its presence in Asia with the signing of three of the continent's largest and most influential institutions. The technology vendor has signed agreements with Chinese banking giant ICBC, the Manila-based Asian Development…
FXall posts record daily volumes in October
NEW YORK – Multibank platform FXall last month reported record volumes at $64 billion in a single day, on Tuesday October 31.
E-commerce source of best forex talent, says market
GLOBAL – Forex staff with e-FX skills and experience are the new recruitment market 'sweet spot', according to banks and headhunters.
Compagnie Financière Tradition reports rise in turnover
LAUSANNE – Financial product interdealer broker Compagnie Financière Tradition last Thursday reported a 21.7% increase in turnover from Q3 2005 to Q3 2006.
Vietnam PM orders quick trial in ABN Amro case
HANOI – Vietnam's prime minister, Nguyen Tan Dung, ordered a speedy trial of ABN Amro last week over allegations that the bank's traders broke FX trading regulations.
Citigroup extends into Cyprus
NICOSIA – Citigroup has extended its forex settlement capabilities to Cyprus with the extension of its direct custody and clearing (DCC) network to the country. The move comes as part of a wider move into Cyprus. It will see the bank offering…
Calyon appoints Catalanello to spearhead forex
NEW YORK – Calyon has hired Robert Catalanello as head of FX in New York. Catalanello left Merrill Lynch, where was head of global FX client sales, in September ( FX Week , September 4). His role at Merrill involved developing and implementing the bank's…
Industry gathers for annual FX Week Europe conference
LONDON – Time is running out to book a spot at FX Week Europe , where delegates will have a rare chance to see Icap's Michael Spencer.
European banks down in Q3
ZURICH, FRANKFURT & AMSTERDAM – European FX results were down for the third quarter, with only Credit Suisse managing to beat last year's figures.
CoesFX faces further restrictions
LAS VEGAS & PLAINVIEW, NEW YORK – Spot FX Clearing corporation, the company that handles clearing of flow on CoesFX's platform faces suspension from the National Futures Association (NFA).
FXMarketSpace grows with EBS hires
NEW YORK & LONDON – Trading platform FXMarketSpace has poached two staff from rival EBS as part of its buildup ahead of launch next year.
M&A flows – the Aussie angle
Sharon Yeshaya, FX strategist at Morgan Stanley in New York looks at the effect the current M&A cycle will have on the Australian dollar
Fimat expands in Hong Kong
SYDNEY & HONG KONG – Fimat's decision to open a bank branch in Hong Kong will enable it to substantially increase its FX operations, the Société Générale-owned broker said.
ABN Amro cuts 500 more IT and risk jobs
AMSTERDAM – The Dutch banking group ABN Amro is cutting 500 more jobs from its IT and risk divisions, according to bank officials.
CFTC proposes measures to improve futures self-regulation
WASHINGTON, DC – The Commodity Futures Trading Commission (CFTC) has proposed measures to improve self-regulation in the futures industry.