Articles by FX Markets Staff
Shareholders ousted Mirek
NEW YORK -- Lori Mirek, the recently-departed chief executive of multi-bank portal Currenex, was ousted by the firms’ shareholders, FX Week has learned.
BNP Paribas sets up sales desk in Zurich
ZURICH -- French bank BNP Paribas has set up a forex sales desk in Zurich with three staff from its offices in Paris and Basel.
India considers rupee options for corporates
MUMBAI -- The Reserve Bank of India (RBI) could allow banks to offer foreign currency-rupee options to corporate clients by April, according to a bank official.
360T targets more price providers
FRANKFURT -- Multi-bank, multi-asset trading platform 360T expects to have 30 banks connected to its system by year-end, a senior official at the Frankfurt-based firm told FX Week .
Reorg brings ABN derivatives joy
LONDON -- Officials at ABN Amro last week pointed to a recent reorganisation to explain its success as FX Week sister publication Risk ’s currency derivatives house of the year.
Lessons in FX
Rob Carnell, senior international economist at Commonwealth Bank in London, reveals the lessons to be learned from the last 12 months in FX -- but warns that 2002’s peacock could always be this year’s turkey
Forex safe in Tullett sale
LONDON -- Inter-dealer broker Tullett’s global forex division will remain unscathed by equity broker Collins Stewart’s purchase of the firm, according to Collins’ chief executive in London Terry Smith.
360T targets more price providers
FRANKFURT -- Multi-bank, multi-asset trading platform 360T expects to have 30 banks connected to its system by year-end, a senior official at the Frankfurt-based firm told FX Week .
Japan to sign Indonesia FX swap deal
TOKYO -- The Japanese Ministry of Finance (MoF) and the central Bank of Indonesia will sign a delayed FX swap deal in mid-February, the MoF said last week.
Merrill looks to new vendor
NEW YORK -- Merrill Lynch is seeking to install new bank-to-customer (B2C) forex trading technology, according to one source close to the bank. Although Merrill has not yet signed any agreements, the un-named source said Reuters-owned AVT Technologies is…
BIS announces hire of new chief
BASEL -- The Bank for International Settlements (BIS) last week named senior central banker Malcolm Knight as general manager.
FX portal for SingTech
SINGAPORE -- Multinational conglomerate Singapore Technologies last week announced the launch of a multi-bank FX trading portal for its subsidiaries.
Ports in a storm
Uncertainties surrounding the euro and the dollar mean investors should look further afield to avoid geopolitical risks, says Craig Larimer, managing director, international research group, Banc One Capital Markets in Chicago
US banks see slumped FX revenues in 2002
NEW YORK -- US banks suffered reduced revenues from foreign exchange for 2002, according to financial reports made public last week.
Gain Capital refutes fraud accusation
NEW JERSEY -- Online retail FX player Gain Capital last week responded to claims that it acted fraudulently after a lawsuit was filed by a group of clients of Sterling Forex, a money management firm.
COESfx to go live in March
NEW YORK -- COESfx, an online FX electronic communications network (ECN) platform, will go live in March, Tim Kelly, president and chief executive officer of the firm told FX Week .
Amex expands in FX options
LONDON -- American Express Bank (Amex) has expanded its European FX options team with the hire of Albert Chang.
All change at Currenex
LONDON -- FX trading portal Currenex announced last week that the firm’s chief executive Lori Mirek has stepped down.
Chaos in Hungary as forint volatility rockets
BUDAPEST -- The Hungarian central bank was forced to spend around e6 billion after the pegged forint almost broke its trading band last week.