Trading
Deutsche dbFX now in Arabic
MANAMA - Deutsche Bank has launched an Arabic version of its margin trading platform dbFX, to capture the burgeoning retail foreign exchange market in the Middle East.
GFT hits high as currencies weaken
GFT hit a high in this week's three-month forecast rankings, with a prediction that a weak USD would be outdone by a relatively weaker EUR and GBP.
Carry strategies are thriving in Asia
SINGAPORE - Carry models have proliferated in Asia as alpha-generating strategies over the past four years, according to Thomas Harr, senior FX strategist at Standard Chartered in Singapore.
Asian corporates hungry for new FX products
SINGAPORE - Asian corporates typically have a bigger appetite for new and innovative structured FX products than their European counterparts, according to Selene Chong, head of FX structuring at HSBC in Hong Kong, speaking at the FX Week Asia congress in…
Market innovation threatens platforms
SINGAPORE - Growth in the Asian FX market is leading to big operational changes in the way buy- and sell-side institutions do business, according to Justyn Trenner, chief executive at market research company ClientKnowledge.
Will intervention work?
European Central Bank intervention could spark a battle with the foreign exchange market, says Mitul Kotecha, head of global foreign exchange research at Calyon in London
Talk of revaluation
The independent monetary stance recently taken by many Middle East states is likely to add to speculation about a revaluation, according to Chris Turner, head of FX strategy research at ING wholesale banking in London
Danske banks on USD/JPY stability
Danske Bank topped this week's one-month forecast rankings by predicting a broadly stable USD/JPY over the period.
FXMS and EBS trading back to normal
CHICAGO & LONDON - FXMarketSpace and electronic spot broker EBS recorded a decline in average daily volumes in September, demonstrating a return to normal levels of trading after a highly volatile August.
Losses abound on Parker FX
STAMFORD, CT - The Parker FX index was down 1.54% in August, with markets characterised by skyrocketing volatility spurred by unwinding yen-based carry trades.
Is the dollar dross?
Pete Luxton, global markets adviser, and Shant Movsesian, FX options manager, at Informa Global Markets in London, seek ways to benefit from the flagging US dollar
Norwegian krone joins the high-yield club
Ian Stannard, senior currency strategist at BNP Paribas in London, surveys the NOK's earning potential
Global FX trading up 71%
BASEL - The huge growth in daily turnover in the global foreign exchange market, revealed in the Bank for International Settlements' (BIS) triennial foreign exchange survey last week, continues to solidify FX as an asset class.
BIS TRIENNIAL FX SURVEY: Asia takes a bigger slice of the FX pie
BASEL - The Bank for International Settlements' (BIS) triennial foreign exchange survey has highlighted the increasing prevalence of the Asian centres in global FX, with the market share of regional rivals Hong Kong and Singapore increasing since the…
BIS TRIENNIAL FX SURVEY: BIS survey highlights OTC surge
BASEL - A marked feature of the Bank for International Settlements' (BIS) latest triennial foreign exchange survey was the rapid growth in over-the-counter interest rate and foreign exchange derivatives.
Slow USD boosts JP Morgan to top
JP Morgan knocks online trading company GFT off the top spot in this week's 12-month forecast rankings, thanks to its commitment to a bullish view on EUR/USD.
Global FX trading up 71%
BASEL - The huge growth in daily turnover in the global foreign exchange market, revealed in the Bank for International Settlements' (BIS) triennial foreign exchange survey last week, continues to solidify FX as an asset class.
SPECIAL FEATURE: CLS settlement: the next five years
This month marks the five-year anniversary of CLS. FX Week and Rob Close, president and CEO of CLS Bank, discuss the past five years and the future of the industry utility
Timing the USD decline
A 50 basis point Fed cut has confirmed that USD cyclical support is fading rapidly, according to Niels From, global FX strategist at Dresdner Kleinwort in Frankfurt
Capital enters retail FX
LONDON - Capital Forex, the FX arm of online trading company London Capital Group, is white-labelling Currenex's technology to break into the retail foreign exchange market.
Bullish euro benefits Scotia Capital
Currency strategists Camilla Sutton and Stephen Malyon of Scotia Capital in Toronto said a bullish stance on the euro helped the bank top the three-month historical index table this week.
G-10 foreign exchange is no longer unbreakable
The G-10 trading environment remains fragile at best, and the growing dislocation between equity and credit markets is becoming more worrisome, according to David Mozina at Lehman Brothers in New York