Opinion
Building long AUD/NZD positions with less risk
Besa Deda, Sydney-based currency strategist for the Commonwealth Bank of Australia, looks at how to gain long exposure to AUD/NZD amid high volatility
Automating FX – algorithmic trading in foreign exchange
Interest in algorithmic trading in FX is growing. John Bates, vice-president, Apama Products, Progress Software, discusses the advantages, and analyses the latest market innovations
Trading in the firing line holds back banks
The prospect of facing a firing squad for losing some of the bank’s money would certainly concentrate the minds of the more adventurous prop traders.
Many ways to cater for the FX market
As yet another venue looks set to be launched into the foreign exchange market, it remains unclear which model is the most appropriate for the current climate.
The yen – a conflict of interests
Neil Parker, economist at Royal Bank of Scotland in London demystifies the 'black art' of predicting movements in the yen
China hits the right note on free currency
The Chinese authorities are famous for being fiercely independent and reluctant to bend to external pressure. Understandably, they do not like being told how to manage their affairs by outsiders who have their own interests at heart.
Reserve diversification
Simon Derrick, chief currency strategist at the Bank of New York in London, suggests a simple, low-cost method to take advantage of any move by the Chinese authorities to diversify
Loonie in tune with the market
The outlook for the Canadian dollar looks set to be tied to commodity prices and the global economy, says David Watt, senior economist at BMO Capital Markets in Toronto
Watch out for those retail risks
This week sees yet another tale of greed and unscrupulous behaviour, with two Miami residents being fined millions of dollars by the CFTC for foreign exchange fraud.
One answer to the structural versus cyclical debate
Geoff Kendrick, senior currency strategist at Westpac in London, has developed a systematic way to generate alpha from the structural versus cyclical debate
To exchange or not to exchange?
Can the foreign exchange market support an exchange? This is a well-worn question that a great deal of money and a few reputations are hanging on. The Reuters/CME move to establish a centrally cleared exchange that banks and the buy side will participate…
The Chinese way
A lot has happened in China since its accession to the WTO in 2001. Arnie Papp, general manager for Asia-Pacific at Calypso, explains the effect the changes have had on FX in the region
Electronic FX talent must be rewarded
This week sees the e-FX awards handed out to the best and brightest in the industry. I can't give a sneak preview of the winners as they will be revealed on Tuesday and covered in next week's issue. However, I'd like to share some observations that the…
How to position in emerging Asia?
Ben Simpfendorfer, Hong Kong-based Asian strategist for the Royal Bank of Scotland, looks at how to gain exposure to emerging markets amid fears that they will sell off
Power to the peso
The Mexican peso's future is in the hands of a new administration, says Lewis Emmons, emerging market analyst at Informa Global Markets, London
A brave new world for foreign exchange?
Talk of a new platform being launched by Lava and the CME/Reuters joint venture makes it feel as if the FX market is about to experience a revolution similar to that which it saw at the start of the millenium.
Harnessing e-FX benefits
FXall's Mark Warms, general manager, Europe, says treasuries should consolidate their trading functions.Platforms can help them do this, but flexibility is needed
Creating an algorithmic safeguard
Stuart Crooks, vice-president, sales for FlexFX in London, points to algorithmic trading as a way to keep up with the increasing speed at which the market moves
MarketSpace: a tough challenge for CLS
The joint venture between CME and Reuters to create a market-wide FX exchange has every chance of changing the face of the industry.
Play equities and bonds through FX
Adam Cole, senior currency strategist at RBC Capital Markets in London, analyses how currencies move as bond and equity markets fluctuate
Neglect smaller players at your peril
The findings by research firm East & Partners about the difficulties faced by Australian banks should act as a warning to the big players in other markets who are, in many cases, missing a trick.
Down but not out
The Fukui scandal could bring about temporary depreciation for the yen, says Toru Umemoto , FX strategist at Barclays Capital in Tokyo
E-trading forces banks to rethink
Electronics giant Philips' decision to move all trades of less than $50 million on to a multi-bank portal shows just how important these venues have become for transacting foreign exchange.
Structured note digital payout versus participation factor
Neil Bardsley , vice-president and FX options correlation trader at Bank of America, studies the use of an at-the-money spot basket option versus a digital payout in a structured note