Trading
The first to Connect
In the penultimate platform focus, FX Week assesses the prospects of pioneering platform FX Connect
Oiling the wheels of kroner strength
Adam Myers, FX strategist at UBS in London, discusses the potential for a Norwegian kroner (NOK) setback in the short term Ministry of Finance and the Norges Bank Petroleum fund
Katrina adds to uncertainties
Recent events, notably hurricane Katrina, have jolted currency markets out of recent stability. This helped Bank of Montreal race towards the top of the three-month ranking as it predicted a weaker dollar in June.
Platforms adopt algorithmic trading
NEW YORK – Algorithmic trading continues to gather momentum, with trading platforms EBS and Hotspot FXi linking to software provider Progress Software Corporation's Apama Algorithmic trading software.
GFT tops the trend-spotters
GFT tops the three-month year-to-date forecasts this week by focusing on technical analysis, fundamentals and sentiment to obtain short- and long-term perspectives for determining currency trends, said Paul Jamgotch, managing dealer.
Dollar boosts FX derivatives
BASLE – The rally in the US dollar has worked to the benefit of exchanges offering trading in currency derivatives.
Hedging rupee currency pairs
The global markets team at ICICI Bank in Mumbai suggests ways for Indian corporates to hedge against volatility in the Indian rupee currency pairs.
Dollar slowdown "only short-term"
Saxo Bank tops the one-month ranking, following its decision to "ease back the pedal on the dollar strength projections".
Don't fall behind, use the REER
The real effective exchange rate holds the key to how the government can manage damaging rupee fluctuation, according to Kotak Mahindra Bank's Treasury Solutions team in India
The technology to succeed
In-house technology will drive volumes and profit, says Charles Marston, chief executive officer at Calypso in San Francisco
Heading for the final USD selling opportunity
Hans-Guenther Redeker, global head of FX strategy at BNP Paribas in London, suggests a way to take advantage of the prospect of near-term dollar strength to protect against the likelihood of longer-term USD weakness.
Asian currencies at risk from oil surge
JAKARTA – Asian currencies have taken a hit from surging oil prices, which remained above $60 last week despite falling off record levels set earlier this month.
UK banks storm ahead in forex
LONDON – UK banks are storming ahead in FX, with a strong set of results reported for the first half of the year.
The greenback correction
Rabobank has maintained its consistent position at the top of the year-to-date one month forecast by anticipating the greenback's correction that began in early June, said Jeremy Stretch senior market strategist at the Dutch Bank in London.
China announces reference basket
BEIJING – The People's Bank of China (PBoC) has announced the four currencies that will act as a basket against which the renminbi (RMB) will be pegged.
The relative merits of zero-premium structures
Zero-premium structures can do a better job as a hedge than a vanilla instrument, when the full cost of insurance is paid. By Kenrick Ramlochan, director, FX analytics and risk advisory at ABN Amro in London
Keeping current at Currenex
In the second in a series of interbank profiles, FX Week looks at the prospects of Currenex
PBoC liberalises derivatives market
BEIJING – The People's Bank of China (PBoC) has issued new regulations allowing banks to trade renminbi forwards and cross-currency swaps in the interbank FX market. Meanwhile, non-bank companies such as insurance firms and asset managers can also apply…
Equity culture postpones dollar rally
Stephen Jen, head of currency research at Morgan Stanley in London, explains why he continues to expect strength in the greenback