Trading
Tech takes lead over regulation in 2010
Technology has been the main focus for the market in 2010, according to a delegate poll at the FX Week Europe congress held in London last Tuesday (November 16).
BoE: High-frequency traders raise risks of liquidity event
The foreign exchange market needs to address the increasing role of high-frequency traders as market-makers to insure against a liquidity event, says Michael Cross, head of the foreign exchange division at the Bank of England (BoE).
BarCap predicts trouble ahead for the euro
Barclays Capital dominated this week's one-month forecast rankings with expectations for the euro to benefit from a seemingly hawkish stance by the European Central Bank (ECB).
Lehman opts to settle over Dante flip-clause transactions
The Lehman Brothers Holding Inc (LBHI) administration has decided to reach an out-of-court settlement with Australian investment services group Perpetual Trustee over disputed collateral in a series of credit-linked notes issued by Saphir Finance - a…
Irish woes may spread to other PIIGS
Market fears over the solvency of Ireland’s troubled banks and the potential threat they pose to both government finances and to the country’s growth prospects may yet bring contagion to other peripheral European markets, investors fear.
SEC risk chief to step down
First head of regulator's risk division will return to academia in January
UBS regains top spot for CLS
UBS swings back into the lead as the top provider of CLS third-party services, as demand for access to the industry utility continues to rise.
BIS: FX derivatives growth rate slows
The over-the-counter FX derivatives market has seen a slowdown in growth rate following the financial crisis, as revealed in the Bank for International Settlements’ (BIS) triennial foreign exchange survey and its semi-annual OTC derivatives statistics.
AFME preps for Dodd-Frank with trade repository services launch
The Association for Financial Markets in Europe's (AFME) global FX division will launch a process, on behalf of its members, to select a provider of trade repository services for the forex market, it said on November 15.
Tullett Prebon emerges as FX broker powerhouse
Tullett Prebon has eclipsed the competition in the best broker category, coming first in currency options, emerging markets and forwards FX.
BarCap reports further decline in FICC
Barclays Capital fixed income, currency and commodities’ (FICC) revenues fell to £1.9 billion in the third quarter, despite an improved performance in FX over the period.
Cash management – a big puddle of cost
If a global financial services firm is leaking cash, you need to get your plumbing fixed. Olaf Ransome, 3cadvisory and Nick Downes, Logica, explain what needs to be done, and why senior management needn’t fear the changes
In Brief, November 15, 2010
Read this week's In Brief to stock up on the latest technology news around the FX world.
Deutsche retains lead but BarCap surges up
Deutsche Bank maintains its lead in this year’s FX Week Best Bank awards, as Barclays Capital surges into second spot, relegating Citi into third in this year’s industry survey.
UBS resurges to take first prize for Swiss franc
UBS has taken top honours in the Swiss franc dealer category, in a spectacular comeback from fifth place last year to first.
Murex is first choice for risk management vendor
Murex has been ranked top vendor for risk management and options pricing software after jumping two places from third last year, taking the throne from 2009 leader Thomson Reuters.
Integral strengthens sales team new MD
NEW YORK - Bruce Wolf has joined technology vendor Integral as managing director of FX sales in the US.
BarCap still number one for e-FX
Barclays Capital held onto its crown as best bank in electronic trading for the third year running, while also moving up to first place for currency options and post-trade services categories.
FXall shines as professional electronic trading venue
FXall has claimed the top spot for electronic trading venues, ousting FXConnect, which drops to second place this year.
Clearing saga threatens structured products
Citi has usurped Barclays Capital as best bank for structured products, a category that could be in the spotlight as regulations are clarified.
HSBC ahead of the game with EM-to-EM focus
HSBC has maintained its lead in emerging market (EM) currencies by adapting its business to focus on the rise in trade between emerging market economies. But the trend sees EM-focused Standard Chartered hot on its heels.
SEB climbs to top in Scandinavian currencies
SEB has taken the title of best Scandinavian currency dealer, leaping from fourth place last year to beat 2009 winner Deutsche Bank.
HSBC wins best bank in Asia-Pacific with strong liquidity
HSBC is the best bank for FX in Asia-Pacific for another year running, using its ability to internalise flow and warehouse risk to offer clients tight spreads in illiquid conditions.
QE2 drives Danske’s bullish stance on euro
Danske Bank has topped this week’s one-month forecast rankings with a bullish stance on the euro in the wake of further monetary easing (QE2) announced by the Federal Reserve on November 3.