Trading
Forward hedge overlay for euro
A Middle Eastern importer could change its risk profile by overlaying its forward hedges, says Charlie Brown, head of structuring and solutions at Standard Chartered in London. By pairing euro puts at lower levels with euro calls, the importer can assure…
Four new currencies on CLS
NEW YORK -- The continuous-linked settlement (CLS) service goes live with four new currencies today (September 8), a senior official at the firm told FX Week .
All eyes on the Middle East
Growing interest in Islamic banking, new technological developments and a wave of freshly repatriated money have put forex trading in the Middle East on the cusp of an exciting new era, reports Nikki Marmery
EBS sterling push prospers
LONDON -- EBS’s recently launched sterling package has resulted in a 30% increase in new counterparties to the system, an official at the spot broker in London told FX Week.
Changing seasons
Summer volatility in a number of emerging markets is not unusual. Indeed, in the currencies of central and eastern Europe (CEE) it is the rule rather than the exception, says Callum Henderson, head of emerging markets research at Bank of America (BoA) in…
Four new currencies on CLS
NEW YORK -- The continuous-linked settlement (CLS) service goes live with four new currencies today (September 8), a senior official at the firm told FX Week .
Weak economy could prompt Taiwan currency strengthening
TAIPEI – Taiwan’s weak economy could force the currency higher, according to Barclays Capital last week.
Asian central banks favour liberalisation
Recent developments suggest a move towards liberalisation rather than revaluation in Asian currencies, says David Mann (right) economist at Standard Chartered Bank in London
Dual deposits reap high-yield rewards
Ray Franzi, head of FX structuring at Dresdner Kleinwort Wasserstein in London, offers an opportunity for customers to achieve high Japanese yen deposit rates
Scandinavia beckons FX fund managers
LONDON – Low interest rates and relaxed legislation in Scandinavia and continental Europe could make institutional investors in those regions key prospects for currency fund managers.
Time for Asian exporters to 'switch'
Phileas Wong, associate director of risk management advisory at HSBC in Hong Kong, explains how switchable forwards could help exporters in Asia hedge the risk of local currency strength
The euro: a relief valve for imbalance
As the dollar's decline is set to continue, the euro bears the brunt of the global trade imbalance, says Michael Woolfolk, senior currency strategist at Bank of New York in New York
'Click and deal' key for funds
LONDON -- Providing clients with the ability to trade FX directly from live streaming prices could prove key for banks targeting a range of clients, said e-FX officials speaking last week.
'Click and deal' key for funds
LONDON -- Providing clients with the ability to trade FX directly from live streaming prices could prove key for banks targeting a range of clients, said e-FX officials speaking last week.
UK banks profit on volatility
LONDON -- Active and volatile currency markets helped UK banks to increase profits from foreign exchange dealing, according to interim results announced last week.
Time to sell dollars with bonds
With global demand for savings rising, minimal growth in the savings pool, and shifts in notions of sovereign risk for debtor countries such as the US, it is time to sell dollars, says David Gilmore, partner at FX Analytics in Essex, Connecticut
Participating in rupee options
Following the launch of rupee options trading in India in July, Arun Khurana, head of financial markets distribution & derivatives marketing at ABN Amro in Mumbai, proposes a zero-cost 'participating forward' solution for an Indian client wanting to…
Bomb fails to blast rupiah
JAKARTA -- Last week's bomb blast outside a hotel in Jakarta will have a minimal long-term impact on the Indonesian rupiah, say local market participants.