Trading
CME posts record euro FX volumes
CME posted a record trading day for euro FX products with a total $98.2 billion traded yesterday, as S&P downgraded Greek debt to junk status.
Singapore Exchange moves into clearing
SINGAPORE - The Singapore Exchange (SGX-DC) became the latest to pitch clearing for foreign exchange products last week, with a proposal to clear financial derivatives, including Asian FX forwards contracts settled in US dollars.
JP Morgan in e-FX build
LONDON – JP Morgan is continuing to build up product capabilities on its internally developed single-dealer system, MorganDirect, after switching off the pre-existing AVT-based system JPex last month.
Tactics come to fore amid heightened intervention
TORONTO - The increasing politicisation of currencies is forcing currency managers to operate more tactically, said speakers at the FX Invest North America congress in Toronto last Tuesday (April 13).
CIBC in restructure
CIBC has realigned its capital markets business with the departure of Tim Carrington, Toronto-based head of global derivatives and strategic risk last Tuesday (April 13).
Nomura to launch multi-asset trading
Nomura plans to add trading in interest rates swaps, credit and cash bonds onto its upgraded proprietary trading platform this year, as it introduces multi-asset trading capabilities, officials tell FX Week.
Calypso signs Record Currency Management
LONDON - Currency specialist Record Currency Management will go live with middle- and back-office systems from Calypso in the third quarter, following a nine-month implementation process, the vendor announced today (April 12).
29West upgrades Gateway
CHICAGO – Messaging technology provider 29West, which was recently acquired by California-based integration software vendor Informatica, is planning to release a new version of its Gateway message-routing product to early adopters this quarter, which…
Ta Chong Bank to implement FinIQ structured products solution
TAIPEI - Ta Chong Bank, Taiwan (TCB) is going live with technology from FinIQ to manage currency-linked investment products sold through its treasury and branch network.
Currenex loses CTO
Gilman heads to pastures new
RBS appoints Asia sales chief
UK bank regains Asia sales leadership
Credit Suisse seeks trading chief
Delelis heads to buy-side
StanChart goes 24 hours for e-African currencies
Standard Chartered has extended its online coverage of African currencies to 24 hours daily, with tenors of up to one year for liquid and unrestricted currencies.
Swing trading techniques on a big news day
Howard Friend, chief market strategist at MIG Bank in Neuchatel, takes a fresh look at fundamental versus technical trading
HotspotFX reports rise in February volumes
ECN sees further pick-up in trading
CME puts brakes on FX clearing
CME Group delays FX clearing; awaits regulatory clarity
FXall gets big break in Japan
Quick rolls out white-label version of multibank platform
Isda delays FpML version 5.0
Isda is running behind schedule in releasing version 5.0 of its financial products markup language (FpML).
USD in the long run
Marc Chandler, global head of currency strategy at Brown Brothers Harriman in New York,steps back from the markets to take a look at the bigger picture
Conlan brings Cognotec into the First Derivatives fold
Brian Conlan, chief executive at First Derivatives, talks to FX Week about plans for the merged company
First Derivatives pays $4.7 million for Cognotec IP
First Derivatives is paying $4.7 million to snap up the key assets and intellectual property of bankrupt Irish FX software provider Cognotec. The deal was signed last night (February 14), just two weeks after Cognotec was placed into receivership on…
Slow but steady
Naomi Fink, Japan strategist in global markets sales and trading at the Bank of Tokyo Mitsubishi UFJ, thinks Japan is on the road to recovery
Trend followers suffer in January
RBS simulations of currency strategy results