Articles by FX Markets Staff
Saxo to stream deep prices
COPENHAGEN – Denmark's Saxo Bank will make a streaming feed of executable foreign exchange prices available to clients in off-market order sizes later this year.
DrKW hires former Merrill boss
LONDON – Dresdner Kleinwort Wasserstein has hired Steve Bellotti, a former FX trading and sales head at Merrill Lynch, to become its new global head of capital markets in London.
China adds two more onshore-trading banks
BEIJING – Two more banks have won approval to trade onshore derivatives in China, as the country continues opening up to foreign institutions.
Preparing for a break from range trading
Markets have been fairly flat over recent months. How can options traders make the most of this, and how should they prepare for a break from range? By Cornelius Luca, FX Concepts' New York-based head of client advisory for the Americas
Calyon to outsource liquidity
PARIS – Calyon is in discussions with other un-named banks to outsource currency trading to them.
FXall adds five price-makers
NEW YORK – Five banks have signed up to provide prices to multi-bank platform FXall, the firm said last week.
Protecting speculative trade management positions
Some clients will have specific views on the future movements of currencies to which they have exposure. UBS's global FX solutions group shows how barrier strategies can be used to limit risk on these positions
Average forex e-trade sizes on the rise
LONDON – The size of the average electronic FX trade is going up for corporates and real-money investors – but not in the leveraged sector of the industry, according to new research from UK consultancy ClientKnowledge.
Saxo to offer online FX to RCG
COPENHAGEN – Saxo Bank has linked up with futures clearing firm Rosenthal Collins Group (RCG) to offer its forex capabilities to the Chicago-based firm's online customers.
4Cast buys SocGen's directory and website
LONDON – 4Cast has bought the Dealers Directory from Société Générale, the French bank said.
The perils of a presidential election
The forthcoming US race for the White House represents a major risk for the FX markets ahead of voting in November and beyond, says Bilal Hafeez, head of foreign exchange strategy at Deutsche Bank in London
Sales staff in global demand
HONG KONG – Demand for sales staff in Asia is on the increase, with many of the major banks having hired or looking to increase their capabilities in the region.
Former Soviet satellites' FX interest increasing
ASTANA, KAZAKHSTAN – The FX market for the states surrounding Russia has picked up in recent years due to liberalisation of capital and increasing international trade.
Buy side to see Matching prices
LONDON – Fund managers, corporates, and mid-tier banks will soon get access to Reuters' interbank FX rates for the first time, the UK vendor will announce today (September 13).
GFI launches voice-broker service
LONDON – Inter-dealer broker GFI has responded to market demand for voice-broker execution with the launch of FX Trading View.
ANZ in forex capabilities reorg
MELBOURNE – ANZ is to merge its capital markets and forex desks in a bid to improve efficiency, grow its business and manage risk efficiently.
Citi hires corporate dealer from Barclays
LONDON – Citigroup has hired Andrew Burley for its corporate foreign exchange sales desk in London. He will report to Alex Jackson, head of corporate forex sales in London, when he joins after completing his gardening leave from Barclays Capital in the…
Loewy joins bank exodus
LONDON – HSBC's former head of foreign exchange, Rob Loewy, has joined news and analysis firm Market News International (MNI) as a business consultant.
EBS to admit funds to Spot
LONDON – Spot broker EBS will allow funds to trade on its EBS Spot platform from next year, it will announce this week.
Rankings reveal diversifying inter-dealer market
The inter-dealer market for foreign exchange is shrinking, as an increasing number of mid-tier players retreat from market-making to become clients of the top firms. The banks that remain are working hard to consolidate their positions as liquidity…
SG's Grieb to manage investment banking in Prague
PRAGUE – Jurgen Grieb, formerly head of FX and derivatives sales for Société Générale in London, moves to Prague this week to become head of investment banking at SG CIB in the Czech Republic