Trading
Russia targets CLS inclusion by 2015
Settlement risk in Russia's ruble is preventing the currency realising its global ambitions
Saxo preps for slowing global growth
Saxo Bank has topped this week's three-month currency forecast and the 12-month year-to-date index by focusing on scenario analysis.
Nomura to launch multi-asset trading
Nomura plans to add trading in interest rates swaps, credit and cash bonds onto its upgraded proprietary trading platform this year, as it introduces multi-asset trading capabilities, officials tell FX Week.
The UK election: Lessons from the past
Pete Luxton, economic adviser at Informa Global Markets in London, looks at past UK elections in an effort to predict the upcoming May 6 election's impact on the sterling
Renminbi rhetoric hits new high
Mounting speculation about the imminent revaluation of the renminbi sparked a rise in volatility last week, with renminbi non-deliverable forwards (NDFs) reaching their highest rates since 2008.
IG seeks US success in retail FX
IG Group is hoping to carve out a share of the US retail foreign exchange market by offering exchange-traded access to its currency-linked contracts for difference (CFDs) to local brokers.
Amin finds new home with UBS
Kaushik Amin has been appointed head of fixed-income, currencies and commodities trading for the Americas
Calypso signs Record Currency Management
LONDON - Currency specialist Record Currency Management will go live with middle- and back-office systems from Calypso in the third quarter, following a nine-month implementation process, the vendor announced today (April 12).
Bonuses fail to match expectations
Bonus speculation is now over as the banks pay out, with the exception of Royal Bank of Scotland, which will not pay bonuses until June.
Loonie tunes into US dollar parity
The Canadian dollar breached parity with the US dollar for the first time in almost two years last Tuesday (March 6), and traders said the Canadian currency is set to test new highs for the year.
Forex volumes surge in Q1
Both CME Group and Icap's EBS saw foreign exchange volumes reach pre-crisis levels during the first three months of the year
Risk aversion sinks Saxo full-year results
Saxo Bank's full-year results show a shift in trading patterns in the second half of the year.
BAML maintains balance in real money
LONDON & NEW YORK - Bank of America Merrill Lynch (BAML) has lost a senior real-money salesperson in London but has gained in New York.
Wells Fargo boosted by US recovery
Wells Fargo has topped the three-month year-to-date index this week with a consistent dollar-bullish approach. Nick Bennenbroek, head of currency strategy at Wells Fargo in New York, attributed its forecast to economic factors and market positions.
Trading Places, April 12, 2010
This week's people moves in the global FX market.
White-labelling: Why re-invent the wheel?
Christian Bock, managing partner of Consulting for Banking and Brokerage Solutions (CBBS) in Zurich, looks at the benefits of using a white-labelled platform and the issues to consider when choosing one
29West upgrades Gateway
CHICAGO – Messaging technology provider 29West, which was recently acquired by California-based integration software vendor Informatica, is planning to release a new version of its Gateway message-routing product to early adopters this quarter, which…
Morgan Stanley: inverted swap spreads will alter pension fund hedging
The inverted swap spread, where medium and long-term government bond yields exceed corresponding swap rates, is set to persist and will prompt a shift in the interest rate hedging stratagies of UK pension funds and insurers, according to US bank Morgan…
Clearing exemption too close to call
Exempting commercial hedgers from mandatory clearing could create a loophole for the institutional investors often blamed for driving up commodity prices, according to the chief lawyer for the Commodity Futures Trading Commission (CFTC), reports Risk.net.
Anselmetti takes up BarCap offer
Goldman Sachs loses key sales personnel
Casini quits RBS
Enrico Casini, head of institutional foreign exchange sales for Europe, the Middle East and Africa and head of central banks sales, left Royal Bank of Scotland last week, say internal bank sources.
Morgan Stanley: Prioritising FXPB
Competition in the foreign exchange prime brokerage market remains competitive, as new businesses fill the vacuum left by the withdrawal of incumbent providers and clients spread counterparty risk following the 2008 credit crisis.
