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January - Prime brokerage kick-starts the year
From the Allfirst Financial scandal to the launch of CLS, you read it here first in 2002. FX Week reviews the top news stories of last year
Israel completes shekel liberalisation
TEL AVIV -- The Bank of Israel last week announced the abolition of the last of its FX controls, making the new Israeli shekel fully convertible.
Citi endorses job sharing
LONDON -- Job sharing among forex professionals is becoming a growing trend in the markets, senior officials told FX Week .
August - The race for CLS clients
The race for CLS clients
Technology briefs
Bundesbank completes STP for foreign currency reserves
September - The forex credit crunch
The forex credit crunch
October - Multi-bank evolution continues
Multi-bank evolution continues
May - ACI Congress spots euro rise
ACI Congress spots euro rise
November - Citi sparks outsourcing debate
Citi sparks outsourcing debate
February - Rogue trading hits the headlines – again
Rogue trading hits the headlines -- again
March - Atriax sunk by failed merger talks
Atriax sunk by failed merger talks
Merger sparks vendor war
LONDON -- Sparks were flying in the e-forex industry last week, as banks, vendors and brokers reacted to the fallout from Reuters’ purchase of rival FX trading software firm AVT Technologies.
Pronet seeks global distributors
LONDON -- FX analysis firm Pronet Analytics is in talks with several parties regarding the global distribution of its products, said Shane Smith, chief executive of Pronet.
Commerzbank cuts in London
LONDON -- Commerzbank has shed four foreign exchange jobs in London, a source at the bank told FX Week .
IFX announces tripling profits
LONDON -- Financial trading and spread-betting company IFX last week announced its interim profits have tripled year-on-year.
Streaming data in demand
LONDON -- Streaming data provider Dealing Technologies is seeing strong interest from FX banks in its new product, senior officials at the firm told FX Week.
Aussie fights the flames
High-yielding currencies such as the Australian dollar continue to enjoy a measure of support among international money managers, says Michael Derks, chief global strategist for Commonwealth Bank of Australia in London
Japanese FI goes international
TOKYO -- Japanese fixed-income investors added $25 billion of global forex volume in the past year through diversification of their portfolios, according to a report made public last week.
Dawn of the superleague
The future of foreign exchange is outsourcing, say industry experts
New Europe to bring more forex trading opportunities
FRANKFURT -- The expansion of the European Union and subsequently the eurozone will bring new markets for generating forex profits, senior officials told FX Week.
All talk no action
The current round of yen weakening differs from previous incarnations, says Koji Fukaya, senior forex strategist at Bank of Tokyo-Mitsubishi in Tokyo. A drop to 135 is not expected this time
Ignore FX at your peril, funds told
LONDON -- UK pension funds are losing out by failing to examine the charges they pay for FX, according to new research published last week.
Investment banks cut FX
NEW YORK -- Lehman Brothers and JP Morgan Chase have cut FX jobs, senior officials told FX Week. The cuts are the first sign that forex may suffer as a result of the year’s depressed investment-banking activity -- so far the product has benefited from…