Feature
2010 e-FX Awards are presented to winners in New York
Each year, FX Week holds the e-FX Awards, recognising innovation and success in the electronic foreign exchange trading industry.
The challenges of CVA
The onset of the financial crisis spurred banks to charge for counterparty credit risk in their forex dealings. But how to do that is proving theoretically and practically challenging. By John Ferry
The hedge costs explosion
High volatility in foreign exchange markets over the past year has forced many corporates to reassess their hedge books. A number of banks have increased their advisory services to help companies conduct an in-depth analysis of their exposures as a…
Regulatory fears will boost offshore markets
Offshore markets to gain from regulatory arbitrage
Market spooked by 'dollar demise'
Is the US dollar set to lose its "unique status" among world currencies? Nikki Marmery reports on what the experts say
Prop traders continue shift to independents
The flow of proprietary foreign exchange traders to independent prop trading houses shows no sign of abating, as uncertainty over remuneration and reduced risk appetite continue to plague global banks.
UK's FXJSC puts brakes on forex CCP
The London Foreign Exchange Joint Standing Committee (FXJSC) has ruled out the immediate need to implement a central clearing facility to manage counterparty risk (a CCP) in foreign exchange, citing a series of mismatches in market conventions in a white…
CCPs may need public sector support
BASEL - Central counterparties (CCPs) could require public sector support in the event of simultaneous defaults of a number of participants, according to economists at the Bank for International Settlements (BIS).
FX prime brokers adjust pricing
The financial crisis has caused foreign exchange industry executives to take a wide variety of steps to adjust to changing circumstances.
Obama reform holds back on OTC derivatives
US Treasury white paper fails to provide new details on how central counterparty clearing in OTC markets would operate.
Sharia forex products take off
HSBC and other banks are expanding their offerings of sharia-compliant foreign exchange products.
Trading on stat-arb
Irene Aldridge, managing partner at Able Alpha Trading, in New York examines the stat-arb technique
Dealers welcome CLS JV
Icap and CLS joint venture seeks to reduce operational risk and post-trade costs in foreign exchange trading
G-20 plans global systemic risk regime
Greater role for Financial Stability Forum to help combat international systemic risk and prevent another banking crisis
Fit for forex
A variety of online trading and analytics platforms are being offered by banks to their clients. FX Week looks at the functionality and benefits of some of these systems. By Ryan Davidson
Adapt or fail
Since October last year, extreme movements in South Africa's foreign exchange rate have caused offshore hedge funds to exit the market, while dealers have been reluctant to take on risk. Those that remain active have had to adapt their behaviour. By Mark…
Tests for market efficiency lead to efficient trading
Traders can save time and money by becoming more savvy about the markets they invest in, says Irene Aldridge, managing partner at Able Alpha Trading in New York
A time for special FX
Dealers are beginning to think a lot more seriously about credit-adjusting the prices they quote on foreign exchange derivatives. How are they calculating this, and how are clients responding to the move? By John Ferry
Move quickly
Irene Aldridge, quantitative portfolio manager and managing partner at Able Alpha Trading, looks at high-frequency trading in an environment of wider spreads
Algo FX: the battle for market share
Algorithmic trading in foreign exchange is tipped to experience continued growth, but the uptake is not without its obstacles. Susanna Robinson reports
Time for a rethink
The weak dollar and high implied volatility in currency markets has claimed a number of victims in the corporate sector. Dealers discuss the shift in clients' hedging strategies. By Gail Mwamba