Trading
FX Week comes to Asia
HONG KONG – This week sees the inaugural FX Week Asia conference in the Special Administrative Region at the Renaissance Harbour View Hotel.
Bloomberg enters FX options market
NEW YORK – Bloomberg is continuing to build up its portfolio of FX tools with the planned introduction of FX options trading.
IFX Group gets a boost from forex
LONDON – IFX Group, the City-based financial trading and spread betting company, expects to make in excess of £1.7 million in its interim results, after strong profit growth in its global FX trading operations.
Tietmeyer warns of global imbalances
LONDON – The increasing level of global imbalances is leading to greater risks for the global economy, according to Hans Tietmeyer, former president of the Deutsche Bundesbank.
Forex hits the wild east
ALMATY – The rapid expansion of the emerging market economies is forcing the development of local currency derivatives markets.
Oanda boosted by $17m stake from Index Venture
LONDON AND GENEVA – Venture capital firm Index Venture has bought a $17 million stake in global currency trading firm, Oanda.
Hong Kong set for retail yuan NDF contracts
HONG KONG – Authorities in the Special Administrative Region are to follow China's lead in making renminbi non-deliverable forwards (RMB NDFs) available for trading next month.
Dollar strength to continue
Investor Bank & Trust continues its ascent up the three-month rankings as its commitment to a bullish dollar view pays off.
Barclays offers Chinese research
HONG KONG – Barclays Capital is launching its FX weekly research in traditional and simplified Chinese for the Hong Kong, Taiwan and mainland Chinese investor base.
Yuan for the money
With the growing importance of the Chinese market, James Malcolm, senior currency strategist at Deutsche Bank in Singapore, suggests range-trading USD/CNY NDFs from the short side, to capture gains
Logiscope speeds up messaging
LONDON – Logiscope, a provider of market data and post-transaction messaging to the financial community, launched the TradeSTP Vendor Partnership Program last month. The new initiative is set to expand and speed up the certification of Logiscope's deal…
Interactive to switch FX feed
BEDFORD, MASSACHUSETTS – Data vendor Interactive Data is to switch off an old forex data feed from its ComStock division and replace it with a new one from another part of ComStock, GTIS.
UBS to build post-trade hub
ZURICH – UBS is to set up a single portal to enable all post-trade processing across different asset classes to go through one centre.
2005 a tough year for FX investors
Deutsche Bank's currency strategy team looks at what's working and what's not for FX investors and which trading styles have worked best in 2005
Record Q3 for US banks
NEW YORK – US investment banks have posted record-breaking third quarter results, largely arising from a profitable quarter in foreign exchange.
BarCap predicts dollar fightback
Barclays Capital has moved up the ranks in the one-month forecast by accurately predicting US dollar weakness in August would be short-lived.
Dow Jones adds to forex coverage
HONG KONG – Dow Jones Newswires has launched a website to complement its 'CommentaryPlus' real-time commentary and analysis service.
China heading for free market
SHANGHAI and Beijing – China took two further steps towards currency liberalisation last week, with a widening of the yuan trading band and the introduction of forwards trading for corporates.
All this and more
In the final multibank platform focus, FX Week looks at the prospects of FXall in its bid to continue the growth it saw in its first four years
StanChart becomes EBS Prime bank
LONDON – Standard Chartered has joined EBS Prime as a prime bank, in a move the platform hopes will boost its penetration in emerging markets.
Eurex US takes fight to CME
CHICAGO – Eurex US, the American subsidiary of Germany's Eurex, launched its bid to take on the CME in the FX futures market on Friday, as it started trading with 20 market-makers.
Central banks increase FX holdings
BEIJING AND WASHINGTON DC – A Chinese official last week highlighted the possibility of a significant move out of US dollar reserves, as the latest IMF figures show central banks have continued to hold faith in the greenback.
GFI and Traiana offer processing boost for forex options trading
NEW YORK and LONDON – FX options trading is to get a boost, with broker GFI and technology vendor Traiana both launching automated processing services in the market.
Hotspot FXi adds Singapore dollar trading
SINGAPORE – Electronic trading platform Hotspot FXi has today launched trading in Singapore dollars to meet growing demand from clients.