Currency
IMF takes final step in changing SDR basket
Fund sets exchange rate for SDR; continues to peg unit of account to yen, dollar, euro and sterling
Gain charts breakdown between inverse dollar and commodities correlations
Gain Capital topped this week’s one-month currency forecast rankings by viewing the US dollar as oversold in the run-up to the Federal Reserve’s announcement of a second round of quantitative easing (QE2) at the start of November.
Value strategy up in November
Currency managers employing the value strategy are likely to have been the only managers to have generated positive returns in November, as the US dollar posted strong gains across all currencies, indicates research from Royal Bank of Scotland.
The curious case of Pure FX
There’s been a lot in the press in the past week about a consortium of banks looking to launch a bank-only platform to rival EBS Spot, having become disgruntled by the influence lost to high-frequency traders.
BIS: 'Others' drive growth in FX market
The Bank for International Settlements (BIS) attributes 85% of the growth in FX market turnover in 2010 from 2007 to increased trading activity of other financial institutions, notably high-frequency traders, banks trading as clients of the biggest FX…
FXall releases Trading version 4.0
FXall is today (December 13) announcing the release of FXall Trading 4.0, which aims to bring together key benefits for all client segments including active traders, asset managers, banks and corporate treasurers.
Parker down in October
The Parker FX Index reported a loss at -0.12% in October, as markets were marked by a depreciating US dollar, with the DXY Index declining to -1.85%.
ClientKnowledge wins over Standard Bank with LMS
South African bank Standard Bank went live with ClientKnowledge’s liquidity management system (LMS) for its FX spot business in August, it announced last week.
Policy centralisation key to future of Eurozone, says Goldman’s O’Neill
Success or failure of the Eurozone hinges on Germany ‘laying down the law’, according to chairman of Goldman Sachs Asset Management.
SG CIB live with DealHub for price distribution
Société Générale Corporate & Investment Banking (SG CIB) is using DealHub as its e-FX price-distribution system, as part of ongoing enhancements to its systems and infrastructure.
Ta Chong Bank live with FinIQ’s Liquidity Link
Ta Chong Bank in Taipei went live with FinIQ's Liquidity Link system at the end of November, to automate the liquidity-provision process in forex options.
Currency traders prepare for worsening crisis
Currency traders are bracing for further downside risk to the euro, with a surge in euro put sales as the Irish banking crisis worsened last week.
Currency ETPs kick off
ETF Securities saw assets under management (AUM) in its currency exchange-traded products (ETPs) rise by 16% to $240 million in the week of November 15, as investors moved to hedge euro risk.
FXecosystem gets Series A funding
Trading infrastructure vendor FXecosystem has completed a Series A funding round from New York and London-based investors.
BAML hires Vamvakidis as new strategy head for Europe
Athanasios Vamvakidis has joined Bank of America Merrill Lynch (BAML) Global Research, London, as head of European G-10 foreign exchange strategy, reporting globally to David Woo, head of global rates and currencies research in New York.
Digital Vega launches multibank FX options trading platform
LONDON - Digital Vega has become one of the first vendors to fill a gap in the market for a multi-bank forex options trading platform, with the launch of Medusa last week.
Trading Places, November 22, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
Société Générale pushes Alpha FX
Société Générale has begun mass marketing of its in-house developed electronic trading platform, Alpha FX, as it phases out First Access, its Currenex white-labelled platform.
Pension funds boost investment in FX
Pension funds are increasingly investing in FX as an asset class, said Thanos Papasavvas, head of currency management at Investec Asset Management, at last Tuesday's (November 16) FX Week Europe conference in London.
Signs of dollar weakness
Divyang Shah, strategist at Thomson Reuters IFR Markets, winner of the FX Week Best Bank award for FX strategy and research, shares his views on broad-based dollar weakness
Christopher Street finds new global head
Steve Janjic has joined Christopher Street Capital as managing director and global head of e-FX sales and distribution in New York.
RBS bucks downward FX trend
Royal Bank of Scotland (RBS) bucked the downward FX trend among dealers, reporting its first year-on-year rise in revenues in 2010 from its currencies and commodities division in the third quarter.
In Brief, November 8, 2010
Read this week's In Brief to stock up on the latest technology news around the FX world.
CLS to double input capacity by year-end
CLS plans to double the capacity of its trade notification gateway by year-end, which will prevent a repeat of the backlog that emerged from the May 6 spike in trade, officials tell FX Week.