Trading
Reuters to open up desktops, hailing radical new strategy
LONDON – Reuters is opening up the Dealing 3000 and 3000 Xtra desktops to rival platforms, in what signals a seismic shift in strategy for the electronic broker.
Reuters to open up desktops, hailing radical new strategy
LONDON – Reuters is opening up the Dealing 3000 and 3000 Xtra desktops to rival platforms, in what signals a seismic shift in strategy for the electronic broker.
Clariden centralises forex pricing data
LONDON – Swiss private bank Clariden Leu has rolled out an FX pricing solution to centralise pricing and distribution of FX rates throughout the organisation.
Examining emerging market currencies
NEW YORK-based Merrill Lynch currency strategists Daniel Tenengauzer and Parag Ramaiya explain why the bank's valuation model views most emerging market currencies as undervalued
Four ISE forex contracts go live
NEW YORK – Four FX options contracts began trading on the New York-based International Securities Exchange (ISE) last Tuesday (April 17).
Sterling breaches $2 barrier for first time in 15 years
LONDON – Only five banks predicted correctly that sterling would breach $2.00 in mid-April and be capped below $2.02, according to FX Week 's currency forecasts.
USD, JPY predictions help StanChart
Callum Henderson, Singapore-based global head of FX strategy at Standard Chartered, said the bank's one-month forecasts were driven by a view that the weakness in the yen and US dollar would continue in the near term.
Icap challenges Reuters with i-Forwards platform
GLOBAL – Interdealer broker Icap is taking on rival electronic forward FX broker Reuters, with the global rollout of i-Forwards, its electronic trading platform.
Directional Trading opens to investors
LONDON – Proprietary trading company Directional Trading has opened three currency management programmes to investors, in the form of managed accounts.
China forex market advances with launch of RMB e-trading
SHANGHAI – The Chinese Foreign Exchange Trading System (Cfets) last week launched electronic trading in RMB crosses, marking the next phase in the evolution of the country's foreign exchange market.
When volatile waters grow calmer
How should one prepare for a return to more normal levels of volatility? Neil Mellor , currency strategist at The Bank of New York in London, evaluates expectations for record lows.
RBC benefits from carry trade view
RBC Capital Markets' position on unwinding FX carry trades has helped the firm top the one-month forecast charts this week.
Long-term USD positioning helps GFT
GFT's long-term bearish view on the US dollar helped the online currency trading company pass JP Morgan and Société Générale in this week's 12-month rankings.
Bank of America joins index bandwagon
NEW YORK – Bank of America (BoA) has launched 73 indexes that track the performance of 30 developed and emerging market currencies against the US dollar.
Saab chooses SuperD to enhance pension funds
STOCKHOLM – Swedish defence contractor Saab is using interest rate derivatives data from SuperDerivatives to enhance the performance of its employee pension funds.
Merrill benefits from carry prediction
A belief that carry trades are unwinding has helped Merrill Lynch top the one-month forecast charts this week.
Russia continues dollar shopping spree
Russian foreign exchange reserve growth is led by dollar buy-up, says Chris Turner , head of FX strategy research at ING wholesale banking in London
Preparing for a decline in cable
WHAT STRATEGY SHOULD BE ADOPTED AHEAD OF STERLING'S FALL AGAINST THE US DOLLAR? BEN TYLER , ASSOCIATE DIRECTOR, STRUCTURED FX AT LLOYDS TSB CORPORATE MARKETS IN LONDON INVESTIGATES
Rallying euro benefits Scotia Capital
Currency strategists Camilla Sutton and Stephen Malyon said that anticipating last month's euro climb helped Scotia Capital to top the one-month historical table.
EBS adds NZ dollar to platform
Interdealer broker Icap is adding the New Zealand dollar to EBS Spot, its spot broking platform, on April 26.
Bloomberg adds Asian NDIRS to its terminal
SINGAPORE – Bloomberg has added trading in Asian non-deliverable interest rate swaps to its Professional terminal, signalling the continued push by platforms to expand coverage of the region.
A bearish dollar view benefits GFT
GFT's bearish one-month forecast for the US dollar flew in the face of largely positive economic data coming out of the US, including employment and GDP figures.
Oanda adds five exotic currency pairs
TORONTO – Online FX trading company Oanda has added five new currency pairs to its trading platform FXTrade.
AIG launches emerging markets FX indexes
NEW YORK – AIG Financial Products last week launched emerging-markets (EM) foreign exchange indexes, to leverage the continued investor interest in the area.