Articles by FX Markets Staff
Alliance & Leicester expands in derivatives
LEICESTER – Alliance & Leicester Commercial Bank is expanding its FX and interest rate derivatives capabilities to corporate and business clients.
Tullett raids ABN's e-commerce team
LONDON & SINGAPORE – A seven-strong e-business team has quit ABN Amro to join interdealer broker Tullett Prebon, according to market sources.
JP Morgan gets go-ahead for local incorporation in China
BEIJING – JP Morgan has received approval from Chinese regulators to establish a locally incorporated bank in the country.
Reuters' outage feeds rival volumes
LONDON – Reuters Group's matching platform experienced an outage in Australasia last Monday (July 23), causing a spike in dealing volumes on rival platform EBS, according to market sources.
The value in Asian currencies
Where does the value lie in Asian FX? David Mann , senior FX strategist at Standard Chartered Bank in Hong Kong investigates
Hedging the carry trade
How can an investor make the most of the carry trade? Lee Ferridge , head of trading strategy at Rabobank in London takes a look
Mixed blessings for BarCap in London and New York
NEW YORK & LONDON – Barclays Capital is understood to have hired a head of corporate sales and structuring in New York, but to have lost in London and New York sales.
Knight prepares EMS for FX
JERSEY CITY – Market-maker Knight Capital Group plans to integrate FX trading capabilities into version 3.0 of its Knight Direct EMS platform, due out in September, say officials.
US regulators clamp down on retail FX dealers
CHICAGO – The National Futures Association (NFA) last week (July 24) took emergency action against Fort Lauderdale-based forex dealer member (FDM) Nations Investments, for being undercapitalised by $3.5 million – the largest undercapitalisation seen by…
Icap expands FX trading with sterling/Swiss pair
London-based interdealer broker Icap has today (July 30) launched trading in sterling/Swiss franc currency pair.
Oanda launches multi-client FXManager
TORONTO – Online forex trading company Oanda has launched FXManager, an interface allowing money managers to more efficiently execute and manage multiple client FX trades.
Tullett raids ABN's e-commerce team
LONDON & SINGAPORE – A seven-strong e-business team has quit ABN Amro to join interdealer broker Tullett Prebon, according to market sources.
BoA realigns under GRCC umbrella
NEW YORK – Bank of America has realigned its currencies business alongside global rates and commodities, within a new global rates, currencies and commodities (GRCC) function, the bank has confirmed.
Strong second quarter for major banks
NEW YORK & STOCKHOLM – Merrill Lynch, Citi and SEB reported strong financial results last week, with all three banks experiencing year-on-year gains.
RBS adds in structured products
Stanley Ng has been appointed managing director, head of structured investor product development and marketing at RBS in Singapore.
Trading Technologies to connect to MexDer
CHICAGO & MEXICO CITY – Chicago-based software vendor Trading Technologies International (TT) has announced it will connect its derivatives trading platform X_TRADER 7 to the Mexican Derivatives Exchange (MexDer).
BNP Paribas adds three in sales from HSBC
SINGAPORE – BNP Paribas is believed to have boosted its FX sales team in Singapore, with three hires from banking rival HSBC.
ANZ buys into Vietnamese brokerage
HO CHI MINH CITY – Australian and New Zealand Banking Group (ANZ) has agreed to acquire a 10% stake in Vietnamese securities and investment banking organisation Saigon Securities.
New technology boosts retail FX volumes
BOSTON & LONDON – New technology has been behind booming daily volumes in the global retail FX market, according to Catherine Hardiman, London-based head of Deutsche Bank's retail platform dbFX.
Sterling shifts towards fixed-income
Sterling's sources of strength amid slowing M&A activity are analysed by David Bloom and Paul Mackel , of HSBC's London-based FX strategy team
SEB to launch multi-manager currency fund
STOCKHOLM – SEB plans to launch an actively managed multi-manager currency fund in Q1 2008, in response to institutional client demand.
Citi appoints head of electronic execution
NEW YORK & LONDON – Citi has appointed Richard Evans to a newly created role as global head of electronic execution in London, and has relocated its current head of fixed-income, currencies and commodities from New York to London.