Foreign exchange
Audio: Dollar to win G-3 ugly contest
Nick Beecroft, senior markets consultant at Saxo Bank, predicts the US dollar will stage a comeback in 2011.
Swiss banks report modest FX revenue rises in Q4
The two largest Swiss banks unveiled their financial results for the fourth quarter of 2010 last week, revealing modest increases in foreign exchange revenues.
Trading Places, February 14, 2011
Read this week's Trading Places to catch up on people moves across the FX world.
Saxo to launch streaming exotic binary options
Danish bank to add new options functionality to its trading platform in the second quarter
Rabobank triumphs with expectations of USD weakness
Rabobank topped this week’s one-month currency forecast rankings with expectations the US dollar would continue to weaken.
European Parliament has neglected FX exemption question, says UK MEP
Kay Swinburne criticises colleagues in the European Parliament for failing to tackle the question of whether forex contracts need to be subjected to new clearing and reporting requirements
Spotlight on: Kay Swinburne, member of the European Parliament
The British MEP speaks exclusively to FX Week about the European Parliament's worrying lack of discussion of the treatment of foreign exchange in derivatives legislation.
Proof of exposure required before Indian companies can trade FX derivatives
New regulations in India will require companies to prove they have an exposure that needs to be hedged.
FX options clearing will be challenging, Afme panellists warn
Conference speakers discuss the investment needed to meet requirements for central clearing of FX options.
Deutsche Bank’s Q4 results show strong performance in FX
Deutsche Bank published its fourth-quarter results on February 3, revealing its sales and trading net revenues, which include FX, had increased to €1.6 billion from €1.2 billion in the fourth quarter of 2009.
Thomson Reuters: further dollar weakness ahead
Thomson Reuters – IFR topped this week’s one-month currency forecast rankings with expectations the US dollar would weaken in the first weeks of 2011.
SuperDerivatives expands in Asia sales
Agnes Tan has joined derivatives pricing technology vendor SuperDerivatives as head of strategic sales for Asia, based in Singapore.
Trading Places, February 7, 2011
Read this week's Trading Places to catch up on people moves across the FX world.
BNP Paribas restructures FX business in New York
BNP Paribas is continuing to restructure its FX business in New York, according to a senior official at the bank.
Danske Bank hires Cioffi and plans global build
Danske Bank has hired Raffaele Cioffi to its spot trading desk in Copenhagen and plans to expands its global presence.
HMT's Hoban: Beware of sweeping forex into EU derivatives reform
Advocates of an exemption from mandatory central clearing requirements for foreign exchange swaps and forwards have won the support of the UK government, as a senior treasury official admits to the risks inherent in regulating FX in the same way as other…
London retains premier spot in FX, according to volume figures
London remained the biggest financial centre for FX in 2010 according to volume figures published globally on January 31, despite speculation it would be overtaken as a result of the UK government's clampdown on bonuses.
James Fauset leaves Goldman Sachs for Brevan Howard
James Fauset, head of hedge fund sales at Goldman Sachs in London, has left the investment bank for hedge fund Brevan Howard.
No market left untouched by regulatory clampdown
Few participants in the FX market seem to dispute the evolution of new regulations will be one of the biggest themes of 2011, but attention has tended to focus predominantly on Washington, DC and Brussels over the past year.
Standard Bank restructures London FX
Standard Bank is merging its London FX business with its local markets business, the South African bank has confirmed.
Spotlight on: Jeremy Hill, Royal Bank of Scotland
FX Week speaks to Jeremy Hill, head of FX and money market operations at RBS in London
Further BarCap departures emerge
Further departures from Barclays Capital (BarCap) in London have emerged as the bank reorganises its foreign exchange business and trims its workforce.
Standard Chartered talks Turkey
Standard Chartered in Dubai has set up a forex desk focused on Turkey, it announced on January 24.