Articles by FX Markets Staff
Extending forex market reach
There is great scope for further integration between FX and interest rate swap markets, says Philip Whitehurst of independent developer MID Analytics in London
Icap launches Aussie/Kiwi pair
LONDON – Interdealer broker Icap is going live with the Australian dollar (AUD) and Kiwi dollar (NZD) as a tradable pair today (April 30).
UBS hit by base metal departures in London, NY
LONDON & NEW YORK – UBS is said to have suffered a blow to its base metals business with departures in London and New York.
Who's who on the exhibition floor?
FX Week gives a rundown of some of the top exhibitors at this year's event. Find out who's showcasing what, then see the box on the next page for your entertainment listings
How Mifid affects the global FX market
Mifid will create an even more efficient market for FX services that can be delivered quickly, inexpensively and globally, says Chris Pickles , chair of its Joint Working Group in London
Mifid and forex in a nutshell
The Markets in Financial Instruments Directive is placed under the microscope by Richard Hartheimer , managing director at Currenex, Europe in London
SEB chooses Apama for FX algorithmic trading
STOCKHOLM – Swedish bank SEB will begin using algorithmic trading technology from Apama in FX from the fourth quarter of this year, with a view to rolling out the technology to buy-side clients.
Reuters to open up desktops, hailing radical new strategy
LONDON – Reuters is opening up the Dealing 3000 and 3000 Xtra desktops to rival platforms, in what signals a seismic shift in strategy for the electronic broker.
Deutsche restructures FX operations in Japan
TOKYO – Deutsche Bank has rebuilt its FX operations in Japan with seven hires and two transfers, amid a sweeping reorganisation of the business in the country.
Cognotec launches Realstream Rate Manager
DUBLIN – Dublin-based technology vendor Cognotec has today (April 30) launched Realstream Rate Manager, an advanced rate manager that calculates a customised market rate for banks to distribute prices tailored to different trading venues.
Dsquare selects Logicscope software
LONDON – Forex trading boutique Dsquare has signed TradeSTP, the post-trade notification software from technology vendor Logicscope.
Shakeup at JP Morgan
LONDON & TOKYO – JP Morgan has relocated Ray Eyles, formerly regional head of currencies and commodities in Singapore and global head of metals and the proprietary trading group, to London.
Reuters to open up desktops, hailing radical new strategy
LONDON – Reuters is opening up the Dealing 3000 and 3000 Xtra desktops to rival platforms, in what signals a seismic shift in strategy for the electronic broker.
Reuters to open up desktops, hailing radical new strategy
LONDON – Reuters is opening up the Dealing 3000 and 3000 Xtra desktops to rival platforms, in what signals a seismic shift in strategy for the electronic broker.
Collateralised FX obligation market takes off
LONDON – The market for collateral- ised foreign exchange obligations (CFXO) is gaining pace, with Derivative Fitch establishing a ratings methodology for the products.
CME and Reuters post forex-driven results
CHICAGO – Forex volume traded on the Chicago Mercantile Exchange (CME) rose 36% from 407,000 contracts a day in Q1 2006 to a record 555,000 in Q1 2007.
ACM re-acquires ex-Refco shareholding
GENEVA – Geneva-based online currency trading platform ACM Markets has re-acquired the outstanding 768 of 3,000 shareholding, from the creditors of defunct futures broker Refco.
Merrill reorg triggers forex hires
LONDON & NEW YORK – Merrill Lynch has made four hires in its FX options team, amid a reorganisation of its FX and local currency trading businesses.
Saxo Bank hails record month
COPENHAGEN – Danish-based investment bank Saxo Bank saw a 12% rise in new-client acquisition in March over the previous month.
Cantor Fitzgerald rejects rival bid for eSpeed
LONDON – A takeover bid for electronic trading network eSpeed was rejected by majority owner Cantor Fitzgerald last week.
Sterling breaches $2 barrier for first time in 15 years
LONDON – Only five banks predicted correctly that sterling would breach $2.00 in mid-April and be capped below $2.02, according to FX Week 's currency forecasts.
Citi and Merrill post bullish results
NEW YORK – Citi and Merrill Lynch have posted record results for their fixed-income businesses, with FX playing a strong role. Merrill said record currency revenues helped revenues from the fixed-income, currencies and commodities division grow from…