Articles by Saima Farooqi
UBS regains top spot for CLS
UBS swings back into the lead as the top provider of CLS third-party services, as demand for access to the industry utility continues to rise.
Regulation: The great unknown
The biggest risk going into the New Year is the impact of regulations on the forex industry.
CCP costs keep creeping up
While US regulators consult the industry over the exemption of foreign exchange products, the systemic risks and increasing costs of using central counterparty (CCP) clearers continue to be highlighted.
In Brief, November 8, 2010
Read this week's In Brief to stock up on the latest technology news around the FX world.
CLS to double input capacity by year-end
CLS plans to double the capacity of its trade notification gateway by year-end, which will prevent a repeat of the backlog that emerged from the May 6 spike in trade, officials tell FX Week.
Trading Places, November 8, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
Mallinder at DealHub
David Mallinder has joined post-trade technology vendor DealHub as head of electronic FX business development in London.
Nomura promotes Steck; builds LatAm coverage
Nomura has made three key promotions across sales and trading, as it builds up its global strategy.
In Brief, 1 November, 2010
Read this week's In Brief to stock up on the latest technology news around the FX world.
Trading Places, November 1, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
RBC lures more StanChart e-FX staff
Royal Bank of Canada has hired David Wilkins as part of efforts to build out its electronic FX capabilities.
Trading Places, October 25, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
Lane takes top sales role at BAML in Australia
SYDNEY – Bank of America Merrill Lynch is building out forex coverage of the Australian market with a key sales hire in Sydney.
Trading Places, October 18, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
Raphaels Bank to go live on ESN in November
LONDON - Raphaels Bank is due to go live with Wall Street System's electronic settlement network (Wallstreet ESN) in the last week of November, as part of efforts to boost its post-trade operations.
Gain acquires CMS retail business as new rules come into force
NEW YORK - Capital Market Services (CMS) has sold its retail forex business to Gain Capital, making it the latest online trading company to exit the market in light of rising costs from increased regulation.
Trading Places, October 11, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
HSBC FXPB preps Asia push
HONG KONG - HSBC plans to extend FX prime services to the Asian markets as it looks to take advantage of rising demand for prime brokerage in the region.
All eyes are on Asia
With all eyes focused on exchange rate policy, this year’s FX Week Asia congress could not be better timed.
Bank of China targets high net worth with FinIQ
Bank of China International Holdings (BOCI) has licensed the FinIQ Structured Products System to support its new private wealth management business, officials said last week.
Kemp named managing director at Afme FX division
The Association for Financial Markets in Europe (AFME) has named James Kemp as managing director of its recently formed global foreign exchange division.
Yield strategy comes up trumps in September
Carry traders would have been the top performers among currency managers in September, indicates research from the Royal Bank of Scotland.
RBC continues Asia-Pacific build and globalises Fic central bank sales
RBC Capital Markets has hired Glenn Anson as a managing director and global co-head of central bank sales, from Nomura in London.
Larger brokers hit by retail regulations
It turns out that the sweeping regulations hitting the retail forex market are singling out not only the smaller shops, but also the larger players, such as Swiss broker Advanced Currency Markets (ACM).