Post-trade
Dealers welcome CLS JV
Icap and CLS joint venture seeks to reduce operational risk and post-trade costs in foreign exchange trading
SunGard upgrades Front Arena
LONDON - SunGard is this week (March 12) launching a new version of its FX and money markets supporting cross-asset trading system, Front Arena.
Williams quits Hotspot
Mike Williams, senior managing director, Hotspot FX in Jersey City, New Jersey resigned from the electronic communications network yesterday (January 20).
What a difference a year makes
The foreign exchange business was a clear outlier in what has been a historic year for global financial markets. But no single entity experienced as significant a reversal of fortunes as a result of the market turbulence this year as settlement system…
All change for Citi's structured products team
LONDON - Citi has announced a host of changes to its structured products business, including the appointment of Jean-Luc Bernardi as head of structuring for Europe, the Middle East and Asia (EMEA).
Yen intervention risk rises
TOKYO - Analysts expect the Japanese government to intervene to curb the rapid appreciation in the yen, which reached near-record levels against the US dollar last week.
Investors turn to FX-only funds
LONDON - A greater number of institutional investors demonstrated an interest in FX-only hedge funds this year in an effort to manage currency exposure, according to data from London-based research company Preqin Hedge.
Dresdner heads to get key roles post-merger
LONDON - Dresdner Kleinwort employees will be handed key roles in the fixed-income division in London once the bank's merger with Commerzbank is complete.
Forex forwards bounce back as year ends
LONDON - Efforts by global central banks to boost interbank trading are reaping returns, with short-dated foreign exchange forwards basis falling sharply last week. But longer-dated tenors remain a concern, say traders.
Departures continue at ABN/RBS
SINGAPORE & LONDON - David Dredge, head of local markets trading at ABN Amro in Singapore, has left the bank, sources tell FX Week .
Ellis departs CIBC
TORONTO - Craig Ellis, managing director in foreign exchange and money markets at CIBC World Markets, served his last day at the firm last Friday (December 5).
Parker FX Index posts record results in October
STAMFORD, CT - The Parker FX Index generated its largest monthly gain in October since 2003, returning 2.53%, in a month that saw a continuation of dollar appreciation.