Articles by Saima Farooqi
CIBC hires two in Toronto as markets restructure continues
CIBC has made two hires in derivatives and risk management as it continues to restructure its markets business.
RBS to go live on CLS/Traiana JV
Royal Bank of Scotland is set to become the fourth bank to go live on the CLS/Traiana joint-venture trade aggregation service by early May, according to a person familiar with the situation.
Bank of Canada salutes CLS
TORONTO - Bank of Canada became the latest monetary authority to publicly champion the success of industry utility CLS in ensuring the smooth operation of the foreign exchange market during the financial crisis.
Tactics come to fore amid heightened intervention
TORONTO - The increasing politicisation of currencies is forcing currency managers to operate more tactically, said speakers at the FX Invest North America congress in Toronto last Tuesday (April 13).
Data availability lags behind market growth
TORONTO - Limitations on the availability of market data is one of the biggest challenges to growing buy-side volumes, said speakers at the FX Invest North America congress in Toronto last Tuesday (April 13).
BarCap launches onshore rates and FX trading in Australia
SYDNEY - Barclays Capital has launched onshore trading in rates and foreign exchange in Sydney, as part of plans to expand its domestic and regional presence.
HSBC adds to spot desk in London amid growth
LONDON - HSBC has hired Frank Cahill as director on the G-10 spot desk in London.
Experts divided over central bank intervention
TORONTO - There were mixed views on the central bank intervention in currency markets seen since the crisis among speakers at the FX Invest North America congress in Toronto last Tuesday.
What the global power shift means for FX
A reoccurring theme prevailing among the buy side is the implications of a shift in power from the developed markets to the emerging economies.
CIBC in restructure
CIBC has realigned its capital markets business with the departure of Tim Carrington, Toronto-based head of global derivatives and strategic risk last Tuesday (April 13).
Nomura to launch multi-asset trading
Nomura plans to add trading in interest rates swaps, credit and cash bonds onto its upgraded proprietary trading platform this year, as it introduces multi-asset trading capabilities, officials tell FX Week.
Renminbi rhetoric hits new high
Mounting speculation about the imminent revaluation of the renminbi sparked a rise in volatility last week, with renminbi non-deliverable forwards (NDFs) reaching their highest rates since 2008.
Ta Chong Bank to implement FinIQ structured products solution
TAIPEI - Ta Chong Bank, Taiwan (TCB) is going live with technology from FinIQ to manage currency-linked investment products sold through its treasury and branch network.
Morgan Stanley plays the Japan card
Morgan Stanley’s FX prime brokerage business has gained a strategic advantage in the Japanese market through a new partnership with Japanese heavyweight Mitsubishi UFJ Financial Group (MUFG).
ABN Amro set to restart 24h forex business
ABN Amro is set to re-launch its 24-hour trading capabilities next month, as it aims to regain clients lost after the Royal Bank of Scotland (RBS) acquired its foreign exchange business in 2007.
EBS contemplates new direction
Interdealer broker Icap is continuing to evaluate ways to expand its business proposition, perhaps employing the more technology vendor-approach taken by rival platforms Currenex and FXall.
Integral debuts trust bank allocation module
Vendor capitalises on regulatory changes in Japan
Currenex loses CTO
Gilman heads to pastures new
RBS appoints Asia sales chief
UK bank regains Asia sales leadership
JP Morgan releases algos over Bloomberg, adds iPhone trading
US bank adds tools to electronic service
Parker FX bounces back in February
Currency managers end losing streak
Barclays Capital realigns FX prime brokerage
UK bank outlines ambitions for growth
Smaller banks shut out by new regulations
A heavy regulatory burden will have the unintended effect of killing off competition, according to speakers at a conference held in London last week.
Parker FX continues losing streak in Janaury
Currency managers suffer as traditional relationships break down