Foreign exchange
4Cast cautious over Australian dollar
4Cast topped this week’s one-month currency forecast rankings by predicting that a risk-averse market would follow the dollar sell-off in July.
US employment: Settling for less
The US August employment report came in better expected, removing some near-term risk of a double dip but still pointing to pervasive weakness, says Julia Coronado, senior US economist at BNP Paribas in New York
Morgan Stanley hires trading head in Asia
David Hong has joined Morgan Stanley as a managing director and head of FX and emerging markets trading for Asia, based in Hong Kong.
Scotia Capital: Focus moves back to the dollar
Scotia Capital topped the three-month currency forecast rankings this week on its prediction the euro would benefit from a shift in focus from the European sovereign debt crisis to worsening US economic data.
Deutsche Bank enhances Autobahn FX for FXO
LONDON - Deutsche Bank has built out its trading capabilities for forex options on electronic trading platform Autobahn FX, as competition for electronic business moves to the options market.
Exchange volumes continue rise in August
CHICAGO – Volumes in foreign exchange products on the Chicago Mercantile Exchange were up 15% in August, with 11.7 million contracts traded a day on average, the exchange said last week.
The risks of ongoing imbalances
Pete Luxton, global economic adviser at Informa Global markets in London, looks at the implications of the ongoing external imbalances
Non-banks lead 20% rise in FX turnover
BASEL - The global financial crisis has led to a slowdown in the growth of the foreign exchange markets, with most activity shifting to the investor community from the trade-based flow.
Trend the poorest-performing strategy for August
LONDON – Currency managers using the trend strategy ended August at a loss of -2.2% as risk aversion led to a move into safe-haven currencies, indicates research by Royal Bank of Scotland.
Widmer out as Citi rolls in new e-commerce team
NEW YORK & ZURICH - Citi has established a new G-10 FX electronic commerce relationship management team, shortly after two senior FX managers resigned from the bank.
CFTC retail FX rules fail to curb offshore trading
WASHINGTON, DC - The US Commodity and Futures Trading Commission's (CFTC) compromise to limit leverage on retail FX trading accounts to 50:1 from a proposed 10:1, is unlikely to curb the shift of retail business offshore, according to market participants.
RBS hires in prime brokerage from BarCap
STAMFORD, CT - Royal Bank of Scotland is expanding the Americas coverage of its prime-brokerage business with the hire of Matthew Shuman to its fixed-income, currencies and commodities (FICC) prime brokerage team.
Trading Places, September 6, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
Citi appoints Asia ex-Japan strategy chief
Citigroup appointed Patrick Perret-Green as head of FX and local markets strategy for Asia, ex-Japan.
Morgan Stanley builds out structuring
Morgan Stanley has hired Stefano Diamantini from JP Morgan in London, in a bid to improve its FX structuring capabilities, according to market sources.
Barnes bows out of RBS
Royal Bank of Scotland (RBS) has suffered a double blow with the departure of its global head of FX, Mark Barnes, in London and Christiane Mandell, head of RBS' Latin American businesses in Mexico and Brazil, based in Stamford, Connecticut.
Westpac stays euro-bearish, dollar-bullish
Westpac topped the three-month rankings by maintaining a euro-bearish, dollar-bullish stance.
Best at FX Bridge
ATLANTA, GEORGIA – Stephen Best joined FX Bridge Technologies as chief executive this month.
Trading Places, August 23, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
BNP Paribas builds in options in bid for top five position
NEW YORK & SINGAPORE - BNP Paribas has made three new FX options hires in New York and Singapore, the bank said on August 18.
Interview with Jon Levy on Wall Street regulation
FX Week reporter Farah Khalique talks to Eurasia's Jon Levy about the risks change creates within the global regulatory framework
Interview with Erik Lehtis on prime brokerage
Erik Lehtis speaks to FX Week reporter Farah Khalique about the advent of new regulations in the prime-brokerage arena
Interview with IDB's Amir Tal on the tech arms race
Amir Tal speaks to FX Week's Farah Khalique about how smaller financial services firms keep up with their larger rivals
Interview with Udi Sela of SuperDerivatives
FX Week's Farah Khalique asks Udi Sela about the impact of increased regulation on foreign exchange traders