News

Causeway selects Misys Treasury Plus

LONDON AND NEW YORK – Causeway Capital Management (Causeway) has chosen vendor Misys Banking Systems (Misys) for increased efficiencies in the confirmation and settlement processes for money market and other financial instrument transactions.

New service from IF

LONDON – IFX markets is set to launch a money management service aimed at third-party clients in the new year.

Rabo takes Kalahari's kACE

LONDON – Rabobank has selected technology vendor Kalahari's pricing, calculation and analysis tool kACE for its short sterling desk in London.

StanChart deploys Eurobase FX link

LONDON – Standard Chartered Bank is implementing gateway technology from London-based software vendor Eurobase Banking Solutions to further automate its FX liquidity, according to Eurobase officials.

Turkish lira joining mainstream

ANKARA – Just a few years ago the Turkish Lira (TRY) was seen as a unit on the risky side of the emerging market spectrum, but the market is now taking it seriously.

India to liberalise forex regulations

NEW DELHI – The Reserve Bank of India (RBI) looks set to liberalise rules governing forex transactions, cutting the red tape that limits the public's ability to buy and sell currency.

Gain launches new research offering

BEDMINSTER, NEW JERSEY – Gain Capital, provider of FX trading and asset management services, has launched a new research offering and enhanced its proprietary FX trading platform, ForexTrader.

Going global

In the first of a series, FX Week looks at the big hitters in the industry. First is HSBC, which knocked Citi off the number three spot in last month's Best Banks Awards

Saxo gets London go-ahead

COPENHAGEN AND LONDON – Danish forex specialist Saxo Bank has received approval from the FSA in London to open its new headquarters in the city ( FX Week , September 26).

Slovakia hits the euro road

Slovakia looks set to be the next country to join the euro, but political uncertainty caused by forthcoming elections means there are still likely to be opportunities for those seeking to trade the koruna

ABN loses head of spot

LONDON AND AMSTERDAM – Turnover at ABN Amro has continued apace, with a senior departure and two promotions and at the Dutch bank.

New structure for RBS

LONDON – The Royal Bank of Scotland is set to reorganise its corporate banking & financial markets division (CBFM), with a new structure to be in place from next year.

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