Trading
Using basket options for Asian appreciation
Ian Stannard , senior currency strategist at BNP Paribas in London, suggests a basket option to participate in Asian currency outperformance
Greenback 'to keep falling'
LONDON – The US dollar is to continue its decline against many commodity and 'new broader world' currencies, despite a rise against the euro and yen, according to Jim O'Neill, chief economist at Goldman Sachs in London.
IB&T benefits from euro/dollar accuracy
Investors Bank & Trust (IB&T) has moved up 18 places to number four in the one-month rankings, as it reaps the rewards of its accuracy in predicting euro/dollar.
The bonuses of networking
Ronald Balzano , president of COESfx, says businesses relying too heavily on trading desks will lose out to firms that offer customers quick and easy access via ECNs
FXall signs TD
NEW YORK & TORONTO – Multibank platform FXall has added Toronto Dominion to its list of liquidity providers, taking its current number of banks to over 60.
Bearish dollar view supports JP Morgan
JP Morgan has climbed up the table to take top spot in this week's three-month forecasts rankings, owing to a committed but moderate bearish dollar view.
Opportunities from Asian tension
Niels Christensen , senior currency strategist at Société Générale in Paris, sees opportunities for dollar bulls and bears when trading the Hong Kong dollar despite the peg
A new maturity for FX?
Justyn Trenner , chief executive and principal of consultancy firm ClientKnowledge, says a more discriminating approach to how liquidity is channelled is essential to the continued growth of the market
BarCap takes eFX options trading to the next level
LONDON – Barclays Capital last week became the first bank to launch live two-way streaming tradable prices for FX options.
Forex trading volume soars in 2005
Foreign exchange turnover continued to surge last year, according to surveys from the foreign exchange joint standing committee (FXJSC) chaired by the Bank of England and the FX committee (FXC) of the Federal Reserve Bank of New York.
EBS to put data on sale
LONDON – EBS is to sell historical FX data to banks and non-bank traders via a new service called EBS Data Mine.
A big year down under: AUD out-performs NZD
Four reasons why AUD/NZD is going higher in 2006, by Adam Cole , senior currency strategist at RBC Capital Markets in London
Singapore releases inaugural forex volumes survey
SINGAPORE – The Singapore Foreign Exchange Committee released its inaugural survey of foreign exchange volume in the city-state last week.
Hedging foreign currency earnings with basket options
By Ramon Espinosa , GFX-Portfolio and risk strategy, Jim Kamphoefner , GFX solutions and Andria McLintock , GFX options at Bank of America
Support for the greenback is fading
The factors supporting US dollar strength are starting to wear off, according to Trevor Williams, chief economist at Lloyds TSB Financial Markets in London.
Tullett Prebon sets up volatility division
LONDON – Tullett Prebon has established a volatility division, in the final stage of restructuring since parent company, Collins Stewart Tullett, acquired Prebon Yamane in 2004.
And now, the weather, from CoesFX
PLAINVIEW, NEW YORK – New York portal CoesFX last week launched a tool to predict foreign exchange rates using a 'weather forecasting' format to enable users to factor in more variables.
A year of transition
G7 monetary policy will drive down the dollar, but in a year of policy gradualism and recovering global growth, its decline is likely to be orderly, say Lena Komileva , G7 market economist and James Potter , MD treasury at Tullett Prebon
TMS reaps benefits of US strength
TMS Brokers' purple patch in the 12-month rankings follows the firm's bullish dollar view it adopted a year ago, said Jarosaw Mikoajczyk, managing director at the Polish firm in Warsaw.
Korea to restrict currency data
SEOUL – The Bank of Korea (BoK) is set to restrict parties that are able to view real-time currency data, in a bid to curb currency speculation, from next month.
Nybot launches euro index
NEW YORK – The New York Board of Trade (Nybot) will today launch trading in euro index options, as further evidence of the demand for exchange-traded currency products.
From crystal balls to digital options
Sometimes one just wants to know – how much can I lose? Evan Steed , vice-president and director, FX options at TD Securities in Toronto, looks at three funding possibilities that can hopefully reduce this uncertainty
BoC taps EBS Spot, sets up FX desks
BEIJING – China's largest FX trading bank by volume, Bank of China (Beijing) is the latest bank to use EBS Spot, the e-FX spot broking platform.
Swissie and yen to see strength
The Swiss franc and yen are likely to be the strongest currencies against the dollar this year, according to Calyon's FX valuation models.