Trading
FX Week Europe: Prepare for worst-case scenario in the eurozone
Panellists at FX Week Europe discuss the implications for the forex market of a possible exit of one or more eurozone members from the single currency
FX Week Europe: TCA key to effective algo execution, says Shell
Paul Downie, Shell's head of liquidity and FX, explains how thorough analysis of all available execution data has been key to the firm's trialling of FX algo tools over the past year
Seeking a better benchmark for currency manager performance
With more mainstream advisers offering access to managed FX investments, bigger and increasingly sophisticated audiences are driving index providers to upgrade benchmarks and make them investable. However, some managers remain unimpressed by the existing…
Bank of England sets out code of practice on electronic trading
Members of the FX Joint Standing Committee comment on the recently reviewed Nips code, which includes a new section on electronic trading
Why the consensus is wrong on USD/JPY
RBC Capital Markets has taken a contrarian view on the yen for several years, predicting it would strengthen against the US dollar while the consensus forecast was for yen strength. After the bank’s contrarian view has proved accurate, Adam Cole argues…
Defining excellence in currency forecasting
FX research is fast becoming a key differentiator in determining success in the business. In our inaugural FX Week Currency Forecast Awards, we acknowledge those leading the field
ADS Securities to provide liquidity through Integral
Start-up brokerage has connected its API to Integral and expects to execute first trade with an Australian client within days
Political crisis in Europe brings volatility back to FX options
Volatility returned to eurodollar last week as FX traders priced further downside risk into euro options
Japanese corporates count costs of further yen strength
Japanese companies have been hit hard by the strength of the yen and are now revising down their profit forecasts in anticipation of further appreciation
Banca IMI goes global
Since joining Banca IMI from Barclays Capital earlier this year, Nicola Baiocchi Di Silvestri and Nicola Giaretta have been tasked to build the Italian bank’s corporate FX, rates and commodities sales capabilities globally as it prepares to launch a new…
Credit Suisse hires head of FX trading
David Tait will join Credit Suisse from UBS in January, reporting to global head of FX Todd Sandoz
European banks report tough Q3 in Ficc
Q3 results at Barclays Capital, Credit Suisse and BNP Paribas suggest a difficult third quarter in Ficc, offset by strong FX performance
MF Global bankruptcy leaves FX expansion in limbo
US broker-dealer had pursued an aggressive push into foreign exchange over the past six months, the future of which is now unclear following its bankruptcy last week
Eurozone members expected to decrease, Bloomberg survey finds
The results of the vendor’s latest industry poll suggest the number of countries in the eurozone will fall within the next five years
Innovation and flexibility equally crucial in choppy markets, says Citi’s Jones
Reacting quickly to market developments has become increasingly important as a result of the recent volatility, while innovation in electronic trading is also more crucial to success than ever, according to Simon Jones at Citi
Spotlight on: Simon Jones, Citi
Citi's head of G-10 spot trading for North America and global head of foreign exchange electronic trading talks to Miriam Siers about the growth of the bank's e-trading capabilities in recent years, and how his team has navigated the recent period of…
Yen expected to remain weak as long as Greek package is implemented
Foreign exchange strategists and traders have judged this week's Japanese intervention a success in weakening the yen, and believe USD/JPY should remain higher as long as the eurozone crisis doesn’t spiral out of control and spark a flight back to the…
FX Invest Middle East: Volatility is tough and unsustainable, say managers
Delegates at FX Invest conference in Dubai discuss Japanese intervention, the value of emerging market currencies and their outlook on volatility
Analysis paralysis
Ever-increasing foreign exchange volumes, acute volatility in currencies and the imminent arrival of new trading regulations have combined to create an environment in which being able to properly analyse execution costs and quality is more important than…
Corporates fall on tough times
The recent volatility in foreign exchange markets has caused uncertainty for corporate treasurers and led to some changes in their strategies. How are banks helping corporates to tackle the current challenges and the increased costs that will result from…
Eurozone deal brings relief in FX spot and options
Risk sentiment appeared to make a comeback in FX markets yesterday as options volatility fell from record highs and the euro rallied in response to the deal announced after the Euro Summit in Brussels
Record FX profits driven by volatility and hedging, say Deutsche and UBS
A perfect storm of volatile currency moves, intervention from the SNB and frenetic hedging activity have contributed to unusually high FX revenues and volumes in the third quarter, say Deutsche Bank and UBS
Huteau departs Credit Suisse after 17 years
Swiss bank parts company with its head of local markets FX options trading for Europe, the Middle East and Africa and Latin America
EUR/CHF options market springs into life
Traders report sustained levels of activity in the five-year EUR/CHF options market as hedgers protect against long-dated downside risk