Opinion
What a difference a year makes
The foreign exchange business was a clear outlier in what has been a historic year for global financial markets. But no single entity experienced as significant a reversal of fortunes as a result of the market turbulence this year as settlement system…
Dear Editor
Regarding FX Week 's magazine and website article ‘CLS on shaky ground with third-party providers', which was published on December 1, the article cites a factually incorrect rumour: "JP Morgan has requested some third-party clients to seek out…
Future bright for CE-3
With the Slovak koruna joining the eurozone in January, the Hungarian forint and the Polish zloty are next in line for a convergence rally in 2009, says David Hauner, currency strategist at Bank of America in London
The return of PPP
The rapid fall of currencies against the US dollar is restoring balance to the currency markets, as stability in purchasing power parity (PPP) returns, says Margaret Kempner, currency strategist at Brown Brothers Harriman
Counterparty risk is driving industry change
The question of counterparty risk is leading to some significant changes in the foreign exchange business, chiefly in introducing innovative ways to manage this risk.
Retail FX: the light at the end of the tunnel?
Retail foreign exchange continues to be a beacon of light for wholesale FX banks, as they push ahead with plans to expand initiatives into next year.
A storm in a teacup
Henrik Gullberg, senior foreign exchange strategist at Deutsche Bank in London, says fears over the Swiss franc's status as a safe-haven currency are exaggerated
Times getting heavy for metal traders
Gil Bray, head of product and business development at technology vendor Misys in New York, says the base metal OTC community needs to move with the times and reap the benefits technology can offer
CLS on shaky ground with third-party providers
Just as the front office begins to show signs of support for CLS, there's now doubt over commitment from the utility's third-party service providers, with at least one rumoured to be scaling back.
Trouble ahead in emerging EMEA
Nick Chamie , head of emerging markets research at RBC Capital Markets in Toronto, analyses the results of the bank's latest Financial Risk Scorecard, and finds there are tough times ahead for the Baltic states
Forex contends with great expectations
The foreign exchange industry is set for a shake-out next year as re-pricing of risk forces change in the make-up of the industry.
Cable: we've been here before
Peter Luxton, global economic adviser at Informa Global Markets in London, looks at how cable is faring during this economic crisis, and finds it is following a similar pattern to cable during the 1992-93 slump
Changes afoot for FX prime brokers
Discussions with dealers in recent weeks have identified significant changes for the industry in the coming year, in terms of pricing and infrastructure.
Chicago's wind of change
Felix Shipkevich, general counsel at CMS Forex in New York, highlights the difficulties of applying similar regulations to retail foreign exchange and the exchange-based commodities and futures markets
Out of the frying pan, into the fire...
Analysts at Barclays Capital in London say recent dramatic rate cuts might mean the worst of the financial crisis is behind us, but concern about economic growth is increasing
Nedbank Capital taps Aleri for liquidity data analysis
JOHANNESBURG - South African investment bank Nedbank Capital plans to implement a liquidity management system (LMS) offered by Chicago-based complex event processing software vendor Aleri next year, to consolidate data on cashflows and liquidity…
'Instividual' investors switch on to FX
One area of the foreign exchange market that appears to be continuing on a healthy growth trajectory is retail FX trading, according to research released last week.
A call to action on electronic pricing
The protracted explosion in bid/ask spreads and implosion in liquidity since mid-September is causing mounting frustration among algorithmic traders.
Averting the crisis
Nicholas Kwan, regional head of research, Asia, at Standard Chartered in Hong Kong, says Asian countries need to work together to avert the worst effects of the financial crisis
A true test for Asian markets
"Don't panic, but be fearful" was the message at this year's FX Week Asia Congress, held last Tuesday (October 21) in Singapore.
The confusion over central clearing
Over the past month, the concept of central counterparty (CCP) clearing has taken centre stage, as concerns over counterparty risk consume the market in the aftermath of the collapse of Lehman Brothers in September.
Swissie set to replace greenback in Russia
Igor Suzdaltsev, head of financial institutions at OTP Bank (Russia) in Moscow, explains why he believes Russia will switch affections from the US dollar to the Swiss franc
Opportunity no longer knocks
The past week has highlighted what a questionable time it is for the industry
A delicate phase for the euro
Audrey Childe-Freeman, senior currency strategist at Brown Brothers Harriman in New York, evaluates the prospects for the euro