Trading
TMS rises as European banking falls
TMS Brokers took this week's top slot in the one-month rankings by forecasting the euro would be drawn down by turbulence in the eurozone banking sector.
Nedbank Capital taps Aleri for liquidity data analysis
JOHANNESBURG - South African investment bank Nedbank Capital plans to implement a liquidity management system (LMS) offered by Chicago-based complex event processing software vendor Aleri next year, to consolidate data on cashflows and liquidity…
'Instividual' investors switch on to FX
One area of the foreign exchange market that appears to be continuing on a healthy growth trajectory is retail FX trading, according to research released last week.
Value managers come up trumps in October
LONDON - Currency managers using the value strategy are likely to have fared well in October, a month described as one of the most volatile in history, according to research by the Royal Bank of Scotland.
Forwards spreads start to tighten
LONDON & NEW YORK - Dealers are reporting a retreat in forwards spreads, reflecting marginal improvements in liquidity as Libor eases after weeks of government and central bank action.
A call to action on electronic pricing
The protracted explosion in bid/ask spreads and implosion in liquidity since mid-September is causing mounting frustration among algorithmic traders.
Investors shun FX-only funds
LONDON - Fund managers are abandoning foreign exchange-only funds in favour of currency overlay programmes, according to research by London-based client strategy firm ClientKnowledge.
Forecasting tricky as markets churn
Extreme volatility in the foreign exchange markets over the past month has provided challenging conditions for forecasting short-term moves, as evident by this week's one-month forecast rankings.
South Korea hits back at foreign media
SEOUL - The South Korean government hit back at foreign media last Wednesday (October 29), claiming Korea is better positioned to withstand the global economic crisis now than it was during the 1997 Asian crisis.
StanChart revamps e-pricing
SINGAPORE - Standard Chartered has gone live with a liquidity aggregator developed for its foreign exchange electronic pricing and trading division in Singapore.
Harsh climate suits Aus FX
SYDNEY - Australian foreign exchange dealers expect to continue benefiting from increased deleveraging and client hedging activities seen since September.
Averting the crisis
Nicholas Kwan, regional head of research, Asia, at Standard Chartered in Hong Kong, says Asian countries need to work together to avert the worst effects of the financial crisis
E-trading could free Asia from dollar dependency
SINGAPORE - The expansion of electronic trading could lessen Asia's dependency on the US dollar as a vehicle currency, according to Yosuke Tsuyuguchi, director of Bank of Japan's Centre for Monetary Co-operation in Asia.
CME launches lira currency futures
CHICAGO - The Chicago Mercantile Exchange (CME) has launched Turkish lira currency futures, in an effort to deepen its footprint in emerging markets (EM) currencies.
Calls on low yielders overpriced
GLOBAL - Dealers report an overpricing on calls in low-yielding currencies, as investors move into less risky assets.
BNP Paribas ups the ante in forex
LONDON - BNP Paribas plans to roll out a new foreign exchange trading platform to select clients by the end of the year, in a bid to grow its presence in FX.
A return to vanilla
GLOBAL - Banks are preparing for a vanilla year next year in the derivatives market, as investors seek transparent structures in an environment of heightened volatility and inconsistent liquidity.
Lloyds riding high on flight to safety
Lloyds TSB topped this week's one-month forecast rankings, shortly after topping the three-month table, owing to a bullish yen and US dollar view based on volatility in the currency markets.
Calyon tops charts with supple view
Calyon topped this week's one-month historical index with a timely transition from a bearish US dollar view to a bullish one.
Forex derivatives under scrutiny
MEXICO CITY - Mexican authorities will interview banks selling currency derivatives to corporates in the country, as part of an investigation into irregular reporting of exposures by listed companies.
Swissie set to replace greenback in Russia
Igor Suzdaltsev, head of financial institutions at OTP Bank (Russia) in Moscow, explains why he believes Russia will switch affections from the US dollar to the Swiss franc