Foreign exchange

Bringing exchange values to OTC

The International Organisation of Securities Commissions (Iosco) published its principles for direct electronic access to markets last Friday (August 13). The guidelines don’t affect foreign exchange but raise some interesting points.

UniCredit restarts build in Asia

HONG KONG – UniCredit has made a key hire in Hong Kong as it reinstates plans to grow its presence in the Asia-Pacific, after spending the past year restructuring its fixed-income and currencies (FIC) business.

Banks post sluggish first-half results

LONDON & ZURICH - UK banks followed regional peers by reporting a sharp year-on-year drop in first-half revenues from fixed-income and currencies businesses, which were marred by a falloff in volatility and a retreat from risk.

Clearers pile into Asia

The region seizing the opportunity to offer central clearing for over-the-counter products seems to be the Asia-Pacific, which explains LCH.Clearnet’s plans to aggressively push into that market.

What to watch in Asia

Albert Leung and Subodh Kumar, Asian strategists at Citi in Hong Kong and Singapore, say China's July macro data and the Shanghai Composite Index are the key indicators of Asia's performance

Interdealer brokers get boost from FX

LONDON - BGC Partners saw a 54.6% rise in foreign exchange revenues in the second quarter, due to a continuing rebound in global volumes, the broker reported last Thursday (August 5).

RBS: Sterling set to shine

Royal Bank of Scotland (RBS) topped the 12-month currency forecast rankings and made a top-five appearance in the 12 month year-to-date index this week, with a strong conviction G-4 currencies would underperform.

EBS Spot debuts fixing orders

LONDON - EBS will add fixing orders to the drop-down menu in its quote panel for banks only at the end of August, Rob Parr, senior sales manager for Europe, the Middle East and Africa and North America at Icap has told FX Week.

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