News
HSBC holds EMEA top spot
HSBC has continued to reign as the best bank for emerging Europe, Middle East and Africa (EMEA) currencies supported by its strong presence in the region.
Citic Group in currency bail-out
HONG KONG - Citic Pacific has reached an agreement with parent company Citic Group to provide financial support to meet liabilities from exposure to leveraged FX contracts disclosed on October 20.
Thomson Reuters emerges on top
Thomson Reuters has reclaimed the title of best broker in emerging markets (EM) from Tullett Prebon, while also holding the number one spot in the best market data provider category.
Thomson Reuters shows eye for detail
Thomson Reuters has retained first place as best vendor in the dealing technology category thanks to a focus on detail, according to Paul Allmark, global head of Reuters Electronic Trading (RET).
Customers look to HSBC for stability
HSBC has held on to its title of best bank for foreign exchange in the Asia-Pacific, as customers flock to dealers with a long-standing history in the region during the market turmoil.
LatAm win for global banks
Citi has taken the award for the best bank for emerging Latin American currencies, followed by HSBC, which moved up a spot this year due to its increased focus on the region.
Informa top with broad overview
Informa Global Markets claimed victory as this year's best research and strategy vendor, repeating its success from last year.
Diversity key to success for FXall
FXall has triumphed in the best multibank foreign exchange portal category for the seventh consecutive year.
Thomson Reuters sees bright 2009
NEW YORK - Thomson Reuters has reported an increase in third-quarter revenues and profits for its markets division and told investors that management expects the vendor to prove more resilient than some analysts had predicted in the wake of the ongoing…
Goldman sacks top FX performers in London
LONDON - Goldman Sachs' attempts to cut costs have led to some of the bank's top foreign exchange performers losing their jobs, according to a market source.
E-broking FX volumes soar
LONDON - Interdealer brokers continued to be the biggest winners in the latest round of market turbulence, with Icap and BGC reporting an increase in volumes from foreign exchange businesses.
UBS posts record Q3 FX revenues
ZURICH - UBS reported record foreign exchange and money markets revenues in the third quarter of this year, reaching $1.3 billion.
PwC Audit signs up to SuperD
LONDON - PricewaterhouseCoopers (PwC) Audit has selected SuperDerivatives as its derivatives revaluation service provider.
UniCredit set to launch new FX trading platform
MILAN & LONDON - UniCredit is deploying Caplin Trader and Reuters Electronic Trading - Automated Dealing (RET-AD) as the basis for its single-bank foreign exchange trading platform.
Clients switch on to Portware FX
NEW YORK - Portware has seen a 70% increase in clients using Portware FX, its real-time foreign exchange aggregation system, since the start of 2008, according to Harrell Smith, head of product strategy for the firm in New York.
UBS upgrades FXPB tools
ZURICH - UBS has updated its foreign exchange prime brokerage system with an automated trade checker, in a bid to tackle duplication of trade messages.
Thomson adds Icap tick data
JERSEY CITY & LONDON - Interdealer broker Icap is making historical tick data for foreign exchange, fixed-income and interest rate products available through Thomson Reuters, in a bid to broaden its client base among algorithmic trading, valuation and…
Lehman's Burgess now at ING
LONDON - Ian Burgess, formerly of Lehman Brothers, has joined ING's institutional sales division in London.
WestLB drops RealStream
DÜSSELDORF - WestLB is no longer using Cognotec's RealStream Manager and has signed up to Eurobase's Siena Gateway, in a move to streamline its electronic foreign exchange infrastructure.
Merrill Lynch FX trio reunited at CIBC
TORONTO & LONDON - Christian Exshaw, formerly global head of foreign exchange sales, Europe, the Middle East and Africa, at Merrill Lynch in London, has resurfaced at CIBC World Markets.
Value managers come up trumps in October
LONDON - Currency managers using the value strategy are likely to have fared well in October, a month described as one of the most volatile in history, according to research by the Royal Bank of Scotland.