News
JPMorgan Fleming to launch FX fund
LONDON -- JPMorgan Fleming will launch a fund in February based on research produced by parent group JP Morgan Chase.
Top banks sign up for GFI’s options revaluation fixings
NEW YORK -- JP Morgan Chase, Bank of America, Deutsche Bank and Bank of Montreal are all using inter-dealer broker and market data vendor GFI’s FX option revaluation fixings, GFI said last week.
HICP may delay rate rises
LONDON -- The move to the HICP [harmonised index of consumer prices] measure of inflation in the UK could lead to a more relaxed policy stance by the Bank of England Monetary Policy Committee, analysts said last week.
Scandinavian banks look east
STOCKHOLM -- Scandinavian banks are expanding emerging markets teams in Europe and Asia as they seek to upgrade non-Scandi forex in preparation for the anticipated disappearance of the Swedish and Danish crowns.
Commodities boost volumes on BarCap’s forex platform
LONDON -- Barclays Capital has enjoyed increased foreign exchange volumes on its white-labelled e-trading platform as a result of adding commodities earlier this year, a senior official told FX Week .
SG takes Traiana to boost sales
NEW YORK -- SG Corporate & Investment Banking has taken Californian vendor Traiana’s Trading Relationship Management (TRM) and Harmony software as part of its efforts to boost its global institutional FX sales business.
Bank One adds in spot and forwards
CHICAGO -- Bank One has added two traders in spot and forwards FX in Chicago, a senior official said last week.
Shrinking cost of FX options
LONDON -- The cost of buying currency options has come down only "moderately" for clients in recent weeks and months, said options specialists interviewed by FX Week last week. But in terms of the increased risk protection they currently provide for that…
StanChart tops Asian interbank poll
HONG KONG -- Standard Chartered was the runaway winner for currency products in FX Week sister publication AsiaRisk ’s annual interbank derivatives poll.
Deutsche Bank’s options clients go live on autobahnFX
LONDON -- Deutsche Bank clients went live on the FX options module of its autobahnFX trading platform on December 1, an official told FX Week .
Yuan peg relaxation in 2004?
BEIJING -- The Chinese yuan’s controversial peg to the US dollar could be relaxed in 2004, according to some analysts in the Asia-Pacific. However, observers warn that the US should maintain healthy political relations with the People’s Republic in order…
Hotspot FXi adds user features
NEW JERSEY -- Hotspot FXi will go live with several new connectivity, trade management, and interface enhancements on its online institutional FX trading platform this month.
Moneyline/MarketXS merger
AMSTERDAM -- Data technology firm MarketXS will take over the management of Moneyline Telerate’s business in Benelux in the first quarter of 2004.