Trading
EBS boosts Hong Kong and Singapore dollar trading
HONG KONG – Spot broker EBS has added 10 currency panels per page to its EBS Spot screen in a bid to increase trading in Asian currencies.
Cognotec to roll out e-trading platform
LONDON – Cognotec last week began the first-phase roll out of an e-trading solutions platform that will bring together all client segments and asset classes.
E-trading for Calyon Financial
PARIS – Calyon Financial, the brokerage arm of French bank Calyon, last week launched an online forex trading platform called Calyon Financial FX Edge.
Letter To The Editor
I enjoyed reading your article (page 6, May 15) on the toxic flow and the entry into retail business by banks.
Manila plays host to forex industry
Friday MANILA – The conference proper starts on Friday, with welcome remarks from Amando Tetangco, governor of the Bangko Sentral ng Pilipinas, and the secretary of the department of finance, Margarito Teves. Delegates will then hear from the president…
EBS hits daily volume record
LONDON – EBS hit another daily volume record last week, amid volatile market conditions.
SEB selects Monarch for MAP
STOCKHOLM – Skandinaviska Enskilda Banken (SEB) has selected Monarch Capital Management as a manager in its FX Managed Alpha Product (FX MAP) currency platform.
Still early days for the retail boom
The deadline for this year's e-FX awards fell on Friday last week, and the entries for the various categories are instructive about the current state of the industry.
TraderTools goes with the flow
NEW YORK – Financial systems integrator Worldflow and vendor TraderTools have formed a strategic alliance whereby the former extends implementation and support capabilities of TraderTools' e-FX platform across Europe.
New FX sales chief for Citi
NEW YORK – Citigroup has made Anu Jayanti global head of FX sales in New York.
COESfx forms strategic partnership
PLAINVIEW, NY – COESfx, an online foreign currency trading firm, has formed a strategic partnership with Connecticut-based daily market forecasting company Crosscurrents Investment Advisory Service.
BoA boosts sales and trading
NEW YORK – Bank of America (BoA) has boosted its global FX business with three hires in New York and Singapore, it has confirmed.
CME to offer won trading
SEOUL & CHICAGO – Chicago Mercantile Exchange (CME) and the Korean Ministry of Finance and Economy (MOFE) have announced plans to list futures and options on futures on the Korean won.
A simple strangle for EUR/GBP vol
Currency managers can insure against unexpected moves in the EUR/GBP using a simple low-cost method, says Neil Mellor, currency strategist at the Bank of New York in London
Bloomberg continues FX boost
NEW YORK – Bloomberg is continuing to build up its forex capabilities with a new information product called FXIP (foreign exchange information platform).
Looking at the past with an eye to the future
Saturday MANILA – Saturday kicks off with a long view of the FX market, as a panel discusses how currencies have developed in recent times. The session entitled 'Evolution of currencies fixed to floating/ national to regional will be moderated by…
V for victory in US dollar forecasts
Calyon has achieved consistent top-five placings in four of the six tables because it has "stuck to its guns" for the past 18 months, according to Daragh Maher, senior FX strategist in London.
Saxo to open in Singapore
COPENHAGEN & SINGAPORE – Saxo Bank is opening an office in Singapore to serve its growing client base in the region.
Who's who on the exhibition floor?
FX Week gives a rundown of some of the top exhibitors at this year's event. Find out who's showcasing what, then see the box below for those all-important entertainment listings
Bloomberg continues FX boost
NEW YORK – Bloomberg is continuing to build up its forex capabilities with a new information product called FXIP (foreign exchange information platform).
EBS adds rand to spot trading
LONDON – Interdealer broker EBS has added the South African rand to its spot matching system in conjunction with South Africa's largest liquidity providing banks.
CLS cuts prices for low-value, high-freq trades
LONDON – CLS Bank has introduced a new pricing structure that sees charges slashed for settling low-value payment instructions, as it seeks to attract low-value high-frequency trading business.
Rates and deficits driving the dollar
The foreign exchange markets are continuing to play 'tug-of-war' between interest rate differentials and the US twin deficits, according to Tim Mazanec, senior currency strategist at Investors Bank and Trust (IB&T) in Boston, Massachusetts.
Retail rollout for major banks
GLOBAL – A number of banks are launching retail FX offerings this year as they see growing opportunities for attracting flow from this market.