Trading
AUDIO: Get ready for crisis 2.0
Nick Beecroft, senior markets consultant at Saxo Bank in London, warns that financial markets are at the brink of crisis 2.0.
Taking stock of 2011: Volatile trading
The challenges already thrown at the FX market in 2011 have been multi-faceted, ranging from a tough trading environment in major currency pairs to the preparation for new trading and clearing regulations. In the second of a series of articles taking…
Corporates cover their backs with longer-dated options
Corporate hedgers buy longer-dated options amid increased volatility in foreign exchange markets, say market participants
Trading like it’s 2008
Foreign exchange markets in 2011 continue to show parallels to 2008, but the economy is unlikely to slip back into recession and Asian currencies look set to benefit from broad-based US dollar selling. Callum Henderson looks at the key similarities…
View from a global head of FX
Tim Carrington, global head of FX at Royal Bank of Scotland, talks to Farah Khalique about the exceptionally poor liquidity in FX markets in recent weeks and why he remains bearish on the US dollar but bullish on sterling and the yen
Taking stock of 2011: the euro
The challenges 2011 has already thrown at foreign exchange market participants have been multi-faceted, ranging from a tough trading environment in major currency pairs to the preparation for new trading and clearing regulations. In the first of a series…
Options traders braced for further SNB intervention
Demand has switched from downside EUR/CHF options to upside options in anticipation of further Swiss franc weakening measures from SNB, say senior options traders
Spotlight on: Philippe Ghanem, ADS Securities
The Abu Dhabi-based brokerage’s managing director talks to Joel Clark about the launch of ADS Securities, and his hopes that it will compete internationally with electronic brokers across FX, commodities and other asset classes
Swiss franc strength attributed to 'absolutely no liquidity'
Dramatically reduced liquidity in August, coupled with sovereign debt concerns in the eurozone, have combined to strengthen the Swiss franc, say strategists
Kellaway takes interim trading head role at Lloyds
Head of swaps trading steps up to new interim role following restructuring at Lloyds and the departure of Ian Firth from his previous role as head of treasury and trading
Investors caught out by strength of Swiss franc and yen
Intervention from Swiss and Japanese authorities last week to weaken currencies meets with mixed success and leaves trading desks facing uncertain environment
Our summer of discontent
July and August typically herald a quiet period for FX trading desks with low volatility and subdued investor activity. 2011 has been very different, with banks facing a number of challenges across major currencies in recent weeks. How have they managed…
Trading volumes soar in July, report EBS, Reuters and FXall
High volatility in FX markets as a result of eurozone sovereign debt issues and the US debt problems have resulted in record volumes, platforms report
State Street buys into Digital Vega
State Street stake comes weeks after Deutsche Börse bought a minority stake
Thomson Reuters launches CNH swap trading on Matching
First CNH swaps on Thomson Reuters Matching were traded on July 25 by two undisclosed banks, vendor reveals
Questions raised over UK’s FX volume surge
Market participants attribute a range of factors to the 23% rise in FX turnover in the UK reported by the Bank of England's FX Joint Standing Committee on July 25
FX Week USA 2011: Delegates talk strategy
Farah Khalique talks to delegates and presenters at FX Week USA about the trends driving currency markets in 2011
CNH deliverable forwards in Hong Kong could outgrow NDFs
Rising offshore renminbi interbank rates in Hong Kong have made its deliverable forwards market the cheapest way for corporates to hedge, compared with NDFs and onshore forwards, say bankers
Société Générale to provide options liquidity to FX Bridge
French bank is integrating systems with US-based vendor’s ProTrader Plus platform
FX Week USA: Regulation both good and bad for the end-investor
Panellists agree mandated use of CCPs and exchanges could attract investors but will also raise costs
FX Week USA: Niche services rather than volume set to dominate FX
Conference speakers discuss the changing nature of the foreign exchange market, and agree successful providers in future are likely to be those that can offer a range of niche services rather than those with the highest volumes
DTCC, Swift reveal details of repository plans
Swift will provide its existing FX derivatives messaging traffic while DTCC will leverage its expertise in the provision of repository services, the two firms have told FX Week
Spotlight on: Andrew Brown, BBVA
The Spanish bank’s global head of foreign exchange talks to Chiara Albanese about the changes he is making to develop BBVA’s FX business, and explains how his role differs from his previous experience at HSBC
All in accord on high-frequency risks
In late June four prime brokers and six ECNs allied together in a major new initiative to better monitor and manage the risks posed by high-frequency trading in the FX market. What motivated the collaborative effort? Farah Khalique reports