Australia
Cyprus becomes latest stop in Saxo’s global expansion
Saxo Bank is continuing its move into new markets with the opening of a Cyprus office today, headed up by Vitali Butbaev
Aussie dollar is overvalued, says UBS Asset Management
Despite the strong performance of the Australian economy, the Aussie dollar is overvalued to "an extreme level", according to Jonathan Davies
Spotlight on: Bill Goodbody, Hotspot FX
The institutional trading platform's business manager talks to Melanie White about the recent expansion of its client base into the banking sector, and plans to grow in Europe and Asia
Ex-MF Global broking head appointed CEO of Saxo Australia
Anthony Griffin is appointed chief executive of Saxo Bank's newly opened operation in Sydney
SGX to clear FX forwards despite possible Treasury exemption
SGX to add new currencies and asset classes, including FX forwards, to OTC clearing service
London retains premier spot in FX, according to global volume figures
London remained the biggest financial centre for foreign exchange in 2010 according to semi-annual volume figures published in the UK and US on January 31, despite speculation it might be overtaken as a result of the UK government’s clampdown on bonuses.
ANZ flexes its sales-side muscles
SYDNEY – Australia and New Zealand Banking Group (ANZ) has expanded its FX sales team with the hire of a former Société Générale chief, Simon Greenwood, to its Sydney office.
Lane takes top sales role at BAML in Australia
SYDNEY – Bank of America Merrill Lynch is building out forex coverage of the Australian market with a key sales hire in Sydney.
Listorti takes top FX role at ANZ
SYDNEY - Eddie Listorti, former global head of fixed income, currencies and commodities at Dresdner Kleinwort, has returned to Sydney to head foreign exchange and commodities at ANZ.
Retail brokers build up product range amid regulatory change
SYDNEY & TOKYO - Retail trading companies are diversifying the range of products tradable via contracts-for-difference (CFDs) as regulators continue to crack down on retail forex margin trading globally.
Euro pessimism pays off for 4Cast
4Cast topped this week’s three-month currency forecast rankings with a dual prediction for a decline in the euro and yen.
FX chief sues St George over payout
Base salary calculation not reflective of overall compensation structure for traders, claims former fx options executive