Opinion
What the global power shift means for FX
A reoccurring theme prevailing among the buy side is the implications of a shift in power from the developed markets to the emerging economies.
The UK election: Lessons from the past
Pete Luxton, economic adviser at Informa Global Markets in London, looks at past UK elections in an effort to predict the upcoming May 6 election's impact on the sterling
White-labelling: Why re-invent the wheel?
Christian Bock, managing partner of Consulting for Banking and Brokerage Solutions (CBBS) in Zurich, looks at the benefits of using a white-labelled platform and the issues to consider when choosing one
Clearing exemption too close to call
Exempting commercial hedgers from mandatory clearing could create a loophole for the institutional investors often blamed for driving up commodity prices, according to the chief lawyer for the Commodity Futures Trading Commission (CFTC), reports Risk.net.
Morgan Stanley plays the Japan card
Morgan Stanley’s FX prime brokerage business has gained a strategic advantage in the Japanese market through a new partnership with Japanese heavyweight Mitsubishi UFJ Financial Group (MUFG).
EBS contemplates new direction
Interdealer broker Icap is continuing to evaluate ways to expand its business proposition, perhaps employing the more technology vendor-approach taken by rival platforms Currenex and FXall.
Smaller banks shut out by new regulations
A heavy regulatory burden will have the unintended effect of killing off competition, according to speakers at a conference held in London last week.
Sovereign power
Peter Luxton, global economic adviser at Informa Global Markets in London, looks at how sovereign risk is increasingly playing a role in the currency markets
Buy side resigned to higher pricing
Buy-side traders have emerged as post-crisis neo-realists, with a sense of resignation, and some scarring, in the tone of speakers at the FX Invest Europe congress in Zurich last Tuesday (March 9).
Sentiment sours on dollar and sterling
John Kyriakopoulos, head of currency strategy in Sydney, Nick Parsons, head of markets strategy in London, and Gavin Friend, markets strategist in London at National Australia Bank, are pessimistic about the US dollar’s prospects for the rest of the year…
A market for relationship managers
Relationship management has never played a stronger role in winning business - and support - than over the past year. Those dealers that have the best relationship managers seem to be rewarded with client wins, even if they aren't quite operationally…
Fiscal policy could prove fatal for sterling
George Magnus, senior economic adviser, and Mansoor Mohi-uddin, chief currency strategist at UBS in London and Singapore respectively, join the UK policy debate
Post-crisis shakeout will reveal new leaders
After any crisis there is change. But the rate of change in the foreign exchange market means this industry is undergoing a dramatic shift in structure and make-up that will result in, for better or worse, different leaders in the market.
USD in the long run
Marc Chandler, global head of currency strategy at Brown Brothers Harriman in New York,steps back from the markets to take a look at the bigger picture
Slow but steady
Naomi Fink, Japan strategist in global markets sales and trading at the Bank of Tokyo Mitsubishi UFJ, thinks Japan is on the road to recovery
Trial by Greek fire
Peter Luxton, global economic adviser at Informa Global Markets in London, assesses Greece's debt crisis and its impact on the euro.
A response to Obama's reform plan
Details are being eagerly awaited for US President Barack Obama's banking reform plans announced last week – chiefly, what they mean for the new prop desks that have set up, and for prime brokerage relationships.
The only way is down
Lutz Karpowitz, and Ulrich Leuchtmann, currency strategists at Commerzbank in Frankfurt look at future of the euro
The many faces of regulatory arbitrage
Happy new year (belated)! As we enter the new year the regulatory environment remains a key issue driving development, most recently in the form of the CFTC attempting to assert its authority on the US off-exchange retail forex market.
Barriers to liquidity management
David Poole, chief operating officer at client strategy company Clientknowledge in London, discusses liquidity management
Market voice: China tightening inevitable
Developments in China since the start of the new year appear to provide further signals that a shift towards tighter policy is likely in coming months, say analysts at RBC Capital Markets
An imbalanced proposition
At the time of going to press, decisions on the future of the foreign exchange markets was still hanging in the balance, as regulators in the US debated the inclusion of forex swaps and forwards into the over-the-counter derivatives reforms.
Strong words from the SNB
Neil Mellor, currency strategist at Bank of New York Mellon in London, warns against reading too much into the Swiss National Bank's latest policy statement.