Articles by FX Markets Staff
JP Morgan to offer structured deposit system
SINGAPORE – JP Morgan plans to go live with a structured deposit pricing and processing system by mid-June, to automate the roll-out of dual currency investment products.
Caplin Systems unveils web trading tool
LONDON – Market data systems vendor Caplin Systems is today (May 21) launching Caplin Trader, an out-of-the box web trading application that enables banks to build multi-product trading portals in FX and fixed income, officials at the company told FX…
Automation hot for Russia
MOSCOW – Automation was the central theme at the third annual international foreign exchange seminar in Moscow last Tuesday (May 15).
Fenics FX adds emerging markets and exotics support
NEW YORK – Interdealer broker GFI is releasing version 10.5 of its options pricing software Fenics FX with added support for emerging markets and exotic options.
China widens trading band
BEIJING – China widened the USD/CNY trading band to 0.5% from 0.3% effective today (May 21), signalling a more aggressive move towards CNY appreciation, said analysts.
Lehman hires in London and Hong Kong, loses in NY
HONG KONG, NEW YORK & LONDON – Lehman Brothers is building up in structuring and sales with hires in Hong Kong and London.
StanChart hires global head
SINGAPORE – Standard Chartered has hired Leonard Feder to run its global financial markets unit.
NFA fines Gain Capital over AML and promos
CHICAGO – FX trading company and futures commission merchant Gain Capital Group has been fined $100,000 by the National Futures Association (NFA).
Beau Taylor quits JP Morgan
NEW YORK & LONDON – Beau Taylor has resigned as JP Morgan's head of global energy in New York.
Four dealers to bid for FXCM
NEW YORK – Four dealers are thought to be interested in bidding for a 35% stake in online currency trading company FXCM.
Hear no evil?
Retail punters and cross-border institutional investors have adopted strong risk-seeking positions despite warnings of a Chinese stock market bubble, find Andrew Capon, editor-in-chief, and Michael Metcalfe, head of macro strategy at State Street Global…
BNP hires in structuring
LONDON – BNP Paribas has created four fixed-income structurer roles in London as part of a drive to build this area of the bank's business.
Asean+3 agree to reserves pooling
KYOTO – The finance ministers of the 10 Asean (Association of Southeast Asian Nations) countries, plus Japan, South Korea and China, have agreed to work towards a multilateral reserves pooling arrangement, to better protect financial stability in the…
FXMS chief relocates to London
LONDON – Mark Robson, chief executive of Reuters and Chicago Mercantile Exchange joint venture platform FXMarketSpace, is relocating to London from New York.
Merrill Lynch continues global FX expansion
NEW YORK & SINGAPORE – Merrill Lynch is continuing to build up in FX, with hires made in the US and Asia.
Market nonchalant about FXMS data
CHICAGO – Market participants largely shrugged off volume data released by Reuters/Chicago Mercantile Exchange (CME) joint venture platform FXMarketSpace last week, claiming it is too early to judge the success of the platform.
Reuters establishes Thai guidelines
LONDON & BANGKOK – Reuters has established new guidelines for trading Thai baht over Reuters Dealing 3000 Spot Matching, its electronic matching service, in response to regulations on short-term capital inflows introduced by the Bank of Thailand (BoT)…
Royal Bank of Scotland makes senior hire in Asia
HONG KONG & SEOUL – The Royal Bank of Scotland (RBS) has hired Water Cheung as head of treasury investor products.
Misys upgrades Opics Plus for higher volumes
NEW YORK – Technology provider Misys has launched Opics Plus v2.0, to accommodate an anticipated rise in FX trading volumes by clients.
BoE rate hike should have been higher
Commenting on last week's widely anticipated 0.25% rise in UK base rates, London-based fund manager Ted Scott of F&C Investments believes the Bank of England's Monetary Policy Committee should have done more to stamp out inflationary expectations
Does one platform really fit all?
Do clients even want to trade multiple asset classes from a single platform? That's an interesting question.
Barclays launches FX-linked ETNs
NEW YORK – Barclays Bank launched three exchange traded notes (ETN) linked to the movement of the euro, sterling and yen relative to the dollar on the New York Stock Exchange last Wednesday (May 9).
HKMA chief calls for greater integration of the renminbi
TOKYO – Hong Kong should prepare for greater integration of the renminbi into its financial infrastructure, said Joseph Yam, chief executive of the Hong Kong Monetary Authority (HKMA).