Switzerland
SNB: from floor to ceiling
Swiss National Bank may ‘begin to act as a ceiling on the exchange rate’, says HSBC
Swissie’s fate now depends on ECB, strategists say
Sudden directional turn in EUR/CHF is a welcome relief for the SNB, even though the move to 1.15 is thanks to the ECB
Central banks establish GFXC to monitor Global Code's progress
Public and private-sector partnership will include 16 central bank reps; Salmon as first chair and Puth as vice-chair
SNB updates exchange rate indices calculation
Swiss central bank introduces a more comprehensive and up-to-date methodology
Renminbi's global share of payments slides
China's currency holds fifth place globally, but overall share shrinks again, Swift says
Credit Suisse a named defendant in FX antitrust law suit
Credit Suisse is one of 11 named defendants in a US class-action lawsuit that alleges a breach of antitrust laws, but says it hadn't been part of Weko's preliminary investigation and is astonished to be named as part of probe
Swiss regulator investigates FX rate manipulation
Switzerland's Finma this morning announced it is investigating manipulation of exchange rates, while UBS is reported to have dismissed its spot-trading heads
FX Invest Europe: buy side diverges on value of e-trading
Speakers at FX Invest Europe conference in Zurich last week questioned the benefits of the increasing number of choices when it comes to electronic platforms and trading technology
Gelber's Swiss chief joins Stone Milliner
FX industry veteran has joined Stone Milliner as a portfolio manager in Zurich
FX sales co-head leaves HSBC
Robbert Sijbrandij has left HSBC to spend time with his family in Switzerland, having joined the bank in August 2010
VIDEO: Saxo Bank G-10 Currency Market Outlook
An overview of currency markets into the fourth quarter and new year
UBS sales head for southern Europe departs
The Swiss bank is moving parts of its FX sales team in Lugano back to London as the head of FX sales for the region leaves the bank
MIG Bank opens for business in London
The Swiss online trading specialist has received approval from the FSA to open a subsidiary in London, just weeks after it opened in Hong Kong
SNB faces battle to maintain franc currency floor
Swiss National Bank pledges to set minimum euro exchange rate at Sfr1.20, but analysts express concern over central bank’s ability to maintain exchange rate floor
Spotlight on: Felix Adam, ACT Currency Partner
The founder and chief executive of Zurich-based currency hedge fund ACT Currency Partner talks to Joel Clark about the history of the fund and the changes he has witnessed in the FX market over the past 30 years
FX Invest Europe: Sell the dollar and sterling, warns senior Swiss economist
Foreign exchange investors should sell the dollar and sterling as both currencies are structurally vulnerable and on a downward path, according to warnings from the chief economist at a Swiss private bank.
UBS resurges to take first prize for Swiss franc
UBS has taken top honours in the Swiss franc dealer category, in a spectacular comeback from fifth place last year to first.
Larger brokers hit by retail regulations
It turns out that the sweeping regulations hitting the retail forex market are singling out not only the smaller shops, but also the larger players, such as Swiss broker Advanced Currency Markets (ACM).
UBS Q4 forex revenue fails to shine
A 2009 loss at the Swiss bank triggers a bonus clawback and, despite moving into the black overall in the fourth quarter, investment revenue from the FX division shrinks.