Trading
CME posts surge in Q2 forex volumes
CHICAGO - The Chicago Mercantile Exchange (CME) reported a strong increase in contract volumes in second-quarter results released last Tuesday (July 1).
The end of an era
Teis Knuthsen, head of foreign exchange research at Danske Bank in Copenhagen, says rising inflation could force a shift in the underlying FX regime of the past decade
More currency ETFs hit US
NEW YORK - Two more currency-linked exchange-traded funds (ETFs) were listed on the New York Stock Exchange's NYSE Arca on June 25.
BNP Paribas shines as greenback rallies
BNP Paribas' expectations of a rebounding greenback placed the bank at the top of the one-month currency forecast rankings, as the US monetary authority signalled a hawkish stance.
Automated FX trading models provide diversified alpha
David Popplewell, director of currency structuring at RBS in London, says to look beyond carry baskets and actively managed foreign exchange allocation to generate alpha from FX
Time to tighten the belt
Marc Chandler, chief currency strategist at Brown Brothers Harriman in New York, considers how the fight against rising inflation will affect markets around the globe
New generation CEP for forex liquidity
A white paper being released today (June 30) is set to evangalise the benefits of using adaptive complex-event processing (CEP) technologies for liquidity management in foreign exchange.
HSBC emerges in Georgia
TBILISI - HSBC is capitalising on rising demand for forex services in the former Soviet Union by opening its first commercial banking branch and head office in Georgia.
Quant demand in full force
GLOBAL - The high demand for quantitative foreign exchange specialists continues, fuelled by concerns over risk controls and growth in local currency derivatives and hybrid derivatives trading, industry sources have told FX Week .
BMO opens branch in Shanghai
SHANGHAI - BMO Financial Group opened its Shanghai branch on May 13th. Initially a representative office, the branch has been upgraded in a bid to increase the bank's coverage of the Yangtze River Delta region.
Icap breaks into retail forex market
LONDON - Icap is breaking into the lucrative retail foreign exchange market by teaming up with London-based retail equity and FX trading sister company City Index, senior officials tell FX Week .
No respite this summer
Valentin Marinov, foreign exchange strategist at Dresdner Kleinwort in London, evaluates the prospects of a volatile summer and beyond
RBC Capital's bullish dollar view pays off
RBC Capital Markets topped this week's three-month forecast rankings by predicting a reversal of fortunes for the greenback in the second quarter.
Asia should ditch USD to cut settlement risk
HONG KONG & TOKYO - US dollar settlement risks in the Asian foreign exchange market could be reduced by using an Asian vehicle currency for intra-regional trade and direct settlement among Asian currencies, according to economists.
SuperDerivatives upgrades forex platform
LONDON - Seven banks have begun using upgraded pricing and risk management software offered by SuperDerivatives that includes expanded exotics support and integrated price discovery, marketing, reporting and online execution.
Range-bound prediction pays off for BMo
The Bank of Montreal (BMo) found itself at the top of this week's one-month forecast rankings by predicting a certain amount of stability in the main currency pairs over the past few months.
Gulf single regional currency approved
DUBAI - Central bankers from Arab Gulf states approved a draft monetary union treaty last week (June 9) for creating a single regional currency. Saudi Arabia, Qatar, the United Arab Emirates, Bahrain and Kuwait agreed to create a Gulf currency by 2010…
Aussie star on the wane
The good times are over for the Australian dollar, as the economy stalls, writes Stephen Koukoulas, global strategist at TD Securities
Gain Capital's sideways glance pays off
Gain Capital topped this week's one-month forecast rankings by predicting a sideways environment with a positive dollar bent in the main currency pairs over the past few months.
Rescue the rouble
Igor Souzdaltsev, head of financial institutions at OTP Bank (Russia) in Moscow, calls to stave of another financial crisis
Rising dollar brings Parker FX down
STAMFORD, CT - The Parker FX Index produced a 0.01% loss in April, as the US dollar rose against a basket of G-6 currencies for the first time in several months.
India to allow exchange-traded FX futures
MUMBAI - Indian regulators have recommended the introduction of exchange-traded currency futures to further develop the India's foreign exchange markets.
Short volatility strategies profitable again
LONDON - A short volatility strategy would have gained currency managers the highest returns in May, according to strategy research carried out by ABN Amro.