Trading
CLS hits new record as FX volumes spike
Almost three million payment instructions were settled by CLS on Tuesday following a surge in trading volumes towards the end of last week
Diversified portfolios exposed to correlation risk, experts warn
Politics is a greater driver of G-4 currencies than traditional economic fundamentals, say panellists at CME event
Saxo Bank launches online news service Saxo TV
Web-based TV channel aims to provide one-minute video analysis of market events
Start-up 7Hedge plans to take FX spot to exchanges
New company led by market data veteran Rafah Hanna and former Gain Capital salesman Michael Siwek plans to help exchanges develop FX spot capability
Thomson Reuters launches real-time FX data for RMB
Traders get access to collective volume data for offshore and onshore renminbi for the first time
Resilience in the euro fails to dent krona strength
A hands-off policy on the part of Sweden's central banks and good fundamentals mean the krona's ascendance will continue throughout 2013, say Swedish trading heads
Direct trading kicks off in Australian dollar and Chinese yuan
China allows direct trading between the yuan and Australian dollar to deepen financial links between the two countries and improve price transparency
Swedbank's Bo Sundström looks back on 40 years of FX trading
Bo Sundström is approaching retirement from Swedbank after almost 40 years as an FX spot trader in Stockholm. He talks to Miriam Siers about his experiences
Spotlight on: Scott Wacker, JP Morgan
Scott Wacker, head of foreign exchange sales for Europe, the Middle East and Africa at JP Morgan, talks to Robert Mackenzie Smith about how he plans to keep his team evolving
Market complacency over Korean won ‘staggering’
Traders have been slow to react to heightened tensions between North and South Korea
Euro bearishness reawakened post-Cyprus
Long euro positions have been unwound following the bailout of Cyprus and many participants now foresee further trouble ahead for the eurozone
Thomson Reuters Dealing expands into Nepal
Vendor reveals that 21 dealers in Nepal are live on its conversational dealing platform
Rolling spot faces inclusion in Dodd-Frank
FX spot is expected to be exempt from US clearing and exchange trading rules, but rolling spot could be classified as a CFD and so included within the scope of Dodd-Frank
CFTC ‘neglect’ of Sef rules angers platform providers
After missing numerous deadlines to finalise the criteria for Sefs, the CFTC will not publish the rules until late April at the earliest, much to the frustration of market participants
Demand for new FX trading platforms boosts providers
New trading platforms are being created to fill the gap between incumbent providers and the more niche areas of the market. Saima Farooqi looks at some of them
‘Easy’ stage of yen decline is over, says Jim O’Neill
Further weakening of the Japanese yen may be more gradual than in recent months, but the yen and the Swiss franc are the only G-10 currencies worth trading, says GSAM chairman
Singapore eyes regional hub status for offshore RMB
Addressing ACI Congress delegates, deputy prime minister and chairman of the Monetary Authority of Singapore talks up Singapore’s ability to facilitate the growth of renminbi trading outside China
Investors return to FX as volatility and volumes rise
Banks are reaping the benefits of the return of hedge funds to the FX market as a result of rising volatility, which in turn is driving volumes higher
GFI eyes expansion into PHP through Manila office
Interdealer broker hopes to offer forwards and NDFs in the Philippine peso by year-end, after it opened an office in Manila in January
Harmonic Capital strikes balance between voice and electronic
London-based fund manager believes voice trading continues to be an important way of maintaining a strong relationship with the sell side
Sterling expected to slide further after UK downgrade
FX traders and strategists believe the pound still has further to fall, having already depreciated significantly against the dollar since January
NDF traders face up to Sef reality
Non-deliverable forwards are likely to be mandated to be traded on swap execution facilities before any other FX products, but are traders ready?
EBS and Thomson Reuters merge input prices for FX fixing
The rival platforms have merged the sources for the 30-minute fixing in an effort to raise transparency and accuracy of reference data
Spotlight on: Max Smith, Newedge
In a world where market participants are seeking to reduce risk in trading and ensure efficient clearing, Newedge's global head of FX, Max Smith, believes the firm is uniquely positioned