Articles by Saima Farooqi
FX Invest: Overlay Asset Management sticks with emerging markets
Overlay Asset Management’s Helie D’Hautefort talks to FX Invest about his firm's emerging markets strategies
Danske Bank hires Cioffi and plans global build
Danske Bank has hired Raffaele Cioffi to its spot trading desk in Copenhagen and plans to expands its global presence.
A year of change and opportunity
The regulations on foreign exchange markets have yet to be fully clarified, but indications are already emerging as to who the winners and losers might be.
Israel clamps down on forex derivatives
The Bank of Israel (BoI) has joined the growing number of emerging market central banks to introduce tougher regulations on forex to battle the rise in speculative trading.
RBS targets US growth
Royal Bank of Scotland has topped this week's 12-month historical index by maintaining that the global recovery would not be derailed by intensifying problems in the eurozone periphery.
Connors out of Goldman Sachs
Senior foreign exchange manager leaves US bank for alleged compliance irregularities
Thomson Reuters’s time in the spotlight?
The old rivalry between EBS Spot and Thomson Reuters might be getting a new lease of life, as Thomson Reuters positions the Thomson Reuters Dealing system as a Sef and MTF-compliant platform for bespoke product trading. And now the Matching Host…
Thomson Reuters Dealing targets Sef and MTF compliance by Q4
Thomson Reuters aims to make the Thomson Reuters Dealing peer-to-peer conversational trading application compliant under swaps execution facility (Sef) and multi-lateral trading facility (MTF) rules by Q4, the vendor tells FX Week.
4Cast wins out with euro risk
4Cast topped the one-month currency forecast rankings by predicting that the euro bounce at the start of the year would take a hit from the return of concerns over euro sovereign debt.
Trading Places, January 17, 2011
Read this week's Trading Places to catch up on people moves across the FX world.
Saxo hires Citi vet
Saxo Bank has hired Citi’s former global head of client management as it expands its front-office business in London.
ICICI clears and settles first gold contract on SMX
Singapore Mercantile Exchange (SMX) said the Singapore branch of India’s ICICI Bank began clearing and settling trade activities for SMX with its first trade cleared on December 30, 2010 for the SMX Singapore-deliverable gold futures contract.
Brown returns to market at BBVA
HSBC veteran returns to market in key role for Spanish dealer
CLS volumes and values up year on year in 2010
Average daily volumes settled over CLS in 2010 were up 33% on 2009, with 792,900 instructions settled. Average daily values were also up, by 22%, with $4.1 trillion settled.
Yield strategy wins out in 2010
Currency managers using the yield strategy would have been top performers in 2010, indicates research from Royal Bank of Scotland. The bank’s naive simulations of currency strategies found that the yield strategy generated 8.9% last year and 5.3% in…
ParkerFX loses out in November
The Parker FX Index reported a –0.39% return for November as the risk-aversion based US dollar rally caught out the majority of currency managers.
Icap to launch decimalised pricing on majors in February
Interdealer broker Icap will launch decimalised pricing on major currency pairs on EBS Spot on February 14, the broker told FX Week.
What's ahead for 2011
Industry heavyweights tell us what’s in store for this year
Triumph in the midst of adversity
The past 12 months have been perhaps some of the most challenging for the foreign exchange market as it pushes to ensure it remains independently governed as an industry with its specific risks, while continuing on the growth trajectory aided through new…
Gain charts breakdown between inverse dollar and commodities correlations
Gain Capital topped this week’s one-month currency forecast rankings by viewing the US dollar as oversold in the run-up to the Federal Reserve’s announcement of a second round of quantitative easing (QE2) at the start of November.
BNP Paribas continues sales build
BNP Paribas is continuing to build up its sales coverage with two hires in London, the bank confirmed.
Citi FX survey: Crisis prompts companies to alter counterparties, risk management approach
A Citigroup foreign exchange survey revealed that, as a result of the financial crisis, many companies have adjusted their mix of counterparties, increased their use of options relative to forwards and changed their approach to credit risk management.
Santander live as settlement member
Banco Santander went live as a settlement member of CLS Bank on November 15, bringing the total number of banking and financial institutions comprising CLS's members up to 61.