Trading
SGX to clear FX forwards despite possible Treasury exemption
SGX to add new currencies and asset classes, including FX forwards, to OTC clearing service
Yen will strengthen as it did after Kobe, say currency strategists
The earthquake and tsunami that struck Japan on March 11 will not force a weakening of the yen, according to currency strategists focused on the region.
FX Invest Europe: Renminbi could overtake euro as alternative reserve currency
Panellists discuss the US dollar as the unquestioned reserve currency
Alpari launches FX options platform
Platform launched on March 9 to execute vanilla options trading strategies
Spotlight on: the buy side
At the FXInvest Europe conference in Zurich on March 8, foreign exchange investors and fund managers met to discuss key issues driving the FX market in 2011 and the possible impact of new regulations. Farah Khalique caught up with three of them
Thomson Reuters Matching hit by four-hour outage
Banks and competitors react to the lengthy blackout on the FX trading platform on March 9.
Scotia Capital triumphs with bullish long-term euro view in 2010
Toronto-based corporate and investment banking group Scotia Capital has topped this week’s 12-month currency forecast rankings for the third consecutive week.
The euro: Up or down?
Nearly a year after the eurozone sovereign debt crisis erupted, we talk to four currency strategists to ascertain the prospects for the European currency over the coming year and identify the euro bears and bulls
Icap decimalised pricing off to steady start
Interdealer broker Icap moved smoothly to decimalised pricing on major currency pairs on March 7, with almost half of all transactions in the first two days executed using decimals, according to the broker.
FX Invest Europe: Sell the dollar and sterling, warns senior Swiss economist
Foreign exchange investors should sell the dollar and sterling as both currencies are structurally vulnerable and on a downward path, according to warnings from the chief economist at a Swiss private bank.
Thomson Reuters Matching hit by four-hour outage
Banks say liquidity was affected by the service outage but it was fortunate to occur at a quiet time for the market
FX Invest Europe: Get into emerging markets, say managers
Foreign exchange investors should look to emerging markets to realise the best returns in today’s market, according to senior buy-side practitioners speaking at the FX Invest Europe conference in Zurich on March 8.
Spot fixes tie-up will benefit the market, say Icap and Thomson Reuters
Interdealer broker Icap and Thomson Reuters are now delivering benchmark spot foreign exchange fixes for six major currency pairs, a development both companies say will improve pricing for FX market participants.
In Brief, March 7, 2011
Read this week's In Brief to stock up on the latest technology news around the FX world.
Algo trading could benefit from Sef rules, say participants
Algorithmic trading has gained traction in the FX markets in recent years and some providers say their platforms might comply with the criteria for swap execution facilities in the US. Could they face a growth opportunity when the regulations come into…
Spotlight on: James Kemp, Afme global FX division
The managing director of the FX market’s new industry body talks to Joel Clark about the challenges of lobbying politicians for appropriate and consistent treatment of FX contracts in US and European legislation
The US dollar – still a safe haven?
Adam Cole, global head of foreign exchange strategy at RBC Capital Markets in London, argues that continuing dollar weakness is not a reflection of risk aversion in the FX markets, but rather a result of a growing difference between US and European…
Crédit Agricole wins with eurodollar view
Crédit Agricole CIB has topped this week’s one-month currency forecast rankings as well as the one-month historical index.
Saxo reports record 2010 with strong FX volumes
FX made up 70% of the bank's income last year, but 2011 strategy is to diversify into other asset classes
Pricing and relationships still key, says Axa’s FX head
Competitive pricing and a strong relationship remain key to the buy side’s choice of trading counterparty, according to Lee Sanders, head of foreign exchange and fixed-income execution at Axa Investment Managers in London.
Deutsche Bank takes offshore renminbi electronic on Autobahn
Deutsche Bank claims to be the first major dealer to offer offshore renminbi on an electronic trading platform
CLS considers membership category for CCPs
Foreign exchange central settlement provider CLS Bank is considering the creation of a new membership category for central counterparties (CCPs) developing clearing services for FX derivatives, the firm has told FX Week.
Malfunctioning algos could cause another flash crash, academic warns
Robotic foreign exchange trading systems could malfunction and lead to a repeat of the May 6 flash crash in the US, according to David Cliff, professor of computer science at the University of Bristol.
Yuan: The only way is up
Four currency strategists explain why they expect the Chinese yuan to continue to strengthen against the dollar