Articles by FX Markets Staff
Reset strike bonus forwards for a Korean win
David Mann, senior FX strategist, and Michael Image, senior FX structurer at Standard Chartered in Hong Kong, suggest reset strike bonus forwards over plain forwards to hedge Korean won downside risks
Calypso upgrades technology
SINGAPORE – Calypso Technology has made several enhancements to its FX and FX derivatives software in response to client demand, officials told FX Week.
StanChart extends use of FinIQ structured deposit system
GLOBAL – Standard Chartered (StanChart) is rolling out a structured deposit pricing and processing system for its currency-linked investments businesses globally.
Standard Chartered adds fair-value model for yen
TOKYO – Standard Chartered last week introduced a fair-value model for the yen to take into account the growing interest in the Japanese currency.
Thomson expands FX offering with Tullett
LONDON – Thomson Financial last week introduced foreign exchange and money market pricing pages with content from Tullett Prebon Information (TPI).
Platform launch for smaller companies
BRIGHTON – UK online FX firm 4X Currency Corporation has developed a live FX dealing and settlements platform targeted at smaller companies.
How Saxo gained the Midas touch
Lars Seier Christensen and Kim Fournais have seen their business plan unfold since 1992 from FX broking boutique to billion dollar internet bank, reports Rob Shepherd
FI hires to boost FX prime brokerage at Deutsche
LONDON & NEW YORK – Deutsche Bank is set to restructure its prime brokerage (PB) capabilities by building a fixed-income operation to capitalise on the success of its FX business.
PFG Forex partners with Currenex
CHICAGO – Brokerage firm Peregrine Financial Group (PFG) is giving online forex trading customers access to Currenex FX market liquidity via a partnership with the technology vendor to be announced tomorrow (September 5).
Make or break for FX diplomacy
James Malcolm and Mirza Baig, FX stategists for Deutsche Bank in Singapore, look at the prospects for Chinese FX policy in light of a new US Treasury Secretary
Last chance to vote for Best Banks
The poll for this year's FX Week Best Banks Awards is set to close this Friday. The awards, which celebrate the top performers in the foreign exchange industry, are voted for by banks, corporates and investors.
Are you missing out on a prime opportunity?
Prime brokerage is becoming an increasingly important revenue stream for a number of banks.
Fimat enhances risk management
WHITE PLAINS, NY – Fimat Group, a division of French bank Société Générale, has enhanced its real-time currency risk management offering in conjunction with technology vendor TwoFour Systems.
Turnover continues at RBS in sales and structuring
LONDON & GREENWICH – Royal Bank of Scotland (RBS) has seen two changes in sales and structuring in London, with one hire and a departure.
Cantor Market Data signs distribution deal
LONDON – Forex market data provider Cantor Market Data (CMD), a subsidiary of Cantor Fitzgerald, has signed an agreement with Quick Global Information(QGI) to deliver Cantor Eye across the Quick ActiveManager Treasury Package platform.
More hires for Standard Chartered
LONDON – Standard Chartered has followed its recent senior management restructuring ( FX Week , August 21) with two new hires in sales and structuring in London this week.
Hedging sterling/dollar is best option
Despite GBP/USD rising over 10% so far this year, Ian Stannard, senior currency strategist at BNP Paribas in London, says hedging still makes sense
Technical glitch mars CME RMB futures debut
CHICAGO & HONG KONG – A technical glitch caused disruption to the introduction of the Chicago Mercantile Exchange's (CME) Chinese renminbi (RMB) futures contracts last Monday.
First non-deliverable RMB rate swaps traded
HONG KONG – HSBC and Standard Chartered traded the first non-deliverable renminbi (RMB) interest rate swaps deals last Wednesday (August 16), marking a significant step in the development of the local currency derivatives market.
Bond and cyclical trades best for currencies
LONDON – Bond spread and cyclical divergence trades should make up a greater share of currency portfolio risk in coming months, according to research from JP Morgan.
Penson enhances FX offering
MONTREAL – Trading platform Penson FX has enhanced its capabilities to introduce auto-dealing and allow access via FIX.
Anonymity does not always equal profitability
FXall has jumped on the anonymity bandwagon, and the Reuters/CME venture offers another way to access liquidity discretely. But whether these ventures will succeed is debatable.