Trading
Resilience in the euro fails to dent krona strength
A hands-off policy on the part of Sweden's central banks and good fundamentals mean the krona's ascendance will continue throughout 2013, say Swedish trading heads
Direct trading kicks off in Australian dollar and Chinese yuan
China allows direct trading between the yuan and Australian dollar to deepen financial links between the two countries and improve price transparency
Swedbank's Bo Sundström looks back on 40 years of FX trading
Bo Sundström is approaching retirement from Swedbank after almost 40 years as an FX spot trader in Stockholm. He talks to Miriam Siers about his experiences
Spotlight on: Scott Wacker, JP Morgan
Scott Wacker, head of foreign exchange sales for Europe, the Middle East and Africa at JP Morgan, talks to Robert Mackenzie Smith about how he plans to keep his team evolving
Market complacency over Korean won ‘staggering’
Traders have been slow to react to heightened tensions between North and South Korea
Euro bearishness reawakened post-Cyprus
Long euro positions have been unwound following the bailout of Cyprus and many participants now foresee further trouble ahead for the eurozone
Thomson Reuters Dealing expands into Nepal
Vendor reveals that 21 dealers in Nepal are live on its conversational dealing platform
Rolling spot faces inclusion in Dodd-Frank
FX spot is expected to be exempt from US clearing and exchange trading rules, but rolling spot could be classified as a CFD and so included within the scope of Dodd-Frank
CFTC ‘neglect’ of Sef rules angers platform providers
After missing numerous deadlines to finalise the criteria for Sefs, the CFTC will not publish the rules until late April at the earliest, much to the frustration of market participants
Demand for new FX trading platforms boosts providers
New trading platforms are being created to fill the gap between incumbent providers and the more niche areas of the market. Saima Farooqi looks at some of them
‘Easy’ stage of yen decline is over, says Jim O’Neill
Further weakening of the Japanese yen may be more gradual than in recent months, but the yen and the Swiss franc are the only G-10 currencies worth trading, says GSAM chairman
Singapore eyes regional hub status for offshore RMB
Addressing ACI Congress delegates, deputy prime minister and chairman of the Monetary Authority of Singapore talks up Singapore’s ability to facilitate the growth of renminbi trading outside China
Investors return to FX as volatility and volumes rise
Banks are reaping the benefits of the return of hedge funds to the FX market as a result of rising volatility, which in turn is driving volumes higher
GFI eyes expansion into PHP through Manila office
Interdealer broker hopes to offer forwards and NDFs in the Philippine peso by year-end, after it opened an office in Manila in January
Harmonic Capital strikes balance between voice and electronic
London-based fund manager believes voice trading continues to be an important way of maintaining a strong relationship with the sell side
Sterling expected to slide further after UK downgrade
FX traders and strategists believe the pound still has further to fall, having already depreciated significantly against the dollar since January
NDF traders face up to Sef reality
Non-deliverable forwards are likely to be mandated to be traded on swap execution facilities before any other FX products, but are traders ready?
EBS and Thomson Reuters merge input prices for FX fixing
The rival platforms have merged the sources for the 30-minute fixing in an effort to raise transparency and accuracy of reference data
Spotlight on: Max Smith, Newedge
In a world where market participants are seeking to reduce risk in trading and ensure efficient clearing, Newedge's global head of FX, Max Smith, believes the firm is uniquely positioned
Managing the costs of liquidity fragmentation
The increase in electronic trading venues in the FX market has created the potential for further fragmentation of liquidity. Banks say the challenge creates an opportunity for technology vendors, but what solutions are on offer? Robert Mackenzie Smith…
FX volumes poised for growth, say panellists
Foreign exchange trading volumes will soon come to reflect the underlying changes in global economies, according to strategists at this week's Afme conference
Volatility is here to stay in FX as the currency war engages
Currency markets have jolted back to life in recent weeks, largely driven by the change of government and monetary policy in Japan. With competitive devaluation of currencies clearly now in play, John Hardy believes the volatility is here to stay
SurfacExchange in acquisition talks
Multibank FX options platform confirms it has seen an 'uptick' in conversations over a potential acquisition, as rivals make tweaks to their ownership structures ahead of Sef registration race
Exchanges poised for further volume growth in FX
Both exchanges and ECNs have reported an uptick in FX trading volumes in January, but some suggest exchanges might be the biggest winners as activity rises in forex futures and options