Articles by FX Markets Staff
Watch out for those retail risks
This week sees yet another tale of greed and unscrupulous behaviour, with two Miami residents being fined millions of dollars by the CFTC for foreign exchange fraud.
FXall sells $77.5 million stake to TCV FXall
NEW YORK – FXall has confirmed plans to sell a minority stake worth $77.5 million to private equity firm Technology Crossover Ventures (TCV).
The Chinese way
A lot has happened in China since its accession to the WTO in 2001. Arnie Papp, general manager for Asia-Pacific at Calypso, explains the effect the changes have had on FX in the region
Reuters deal for Indian bank
DELHI – The Union Bank of India (UBI) has become the first public sector bank in India to become a market maker on Reuters Trading for Foreign Exchange (RTFX) and Reuters Trading for Bullion.
Data extraction platform from Reuters
NEW YORK – Reuters has launched Reuters DataScope Select Version 1.2, a data extraction platform providing global pricing, validated terms and conditions, historical data content and cross-reference data for FX and other asset classes.
Downward move for greenback is inevitable, says EPI's Bernstein
NEW YORK – US economic instability, lack of household saving and demand for dollars from Asia are just some of the reasons the greenback will continue to face an uncertain future.
Brokerage information questioned
LONDON – Sell-side research analysts are failing to meet fund managers' information needs, reveals a report from UK-based software vendor, APR Smartlogik.
Citigroup reorg for forex
NEW YORK – Citigroup has made a number of changes to FX senior management and taken on staff, as it seeks to increase its market share.
An analysis of options techniques
NEW YORK – John McAuliffe, managing director, foreign exchange options at Bank of Montreal Capital Markets, gave a framework and approach for analysing FX option structuring and trade-flow information.
Banks sign up to FXMarketSpace
LONDON & CHICAGO – CME and Reuters have revealed the banks and institutions that have signed to the FXMarketSpace venture set to go live next year.
GFT to launch training institute
ADA, MICHIGAN – Global Forex Trading (GFT), the online currency trading firm, has enlisted CBS Morning News commentator and economist Ben Stein to launch a trading education company, Strategic Trading Institute (STI).
Smaller banks must focus on strengths
NEW YORK – Banks outside the top bracket need to focus more on their strengths if they are to run successful FX businesses.
Latency concern grows over FX algos
NEW YORK – Data latency is an emerging concern for trading participants, as algorithmic trading becomes more widely used in FX markets.
Difference of opinion over future of exchange
NEW YORK – Opinions remain divided on whether the market has room for an FX exchange, according to a panel on the subject at the FX Week USA 2006 conference.
Changing times for managing liquidity
NEW YORK – Managing and accessing liquidity in electronic foreign exchange means something entirely different now to what it did five years ago, according to Bill Hartnett, global head of forex e-commerce at Citigroup.
To exchange or not to exchange?
Can the foreign exchange market support an exchange? This is a well-worn question that a great deal of money and a few reputations are hanging on. The Reuters/CME move to establish a centrally cleared exchange that banks and the buy side will participate…
One answer to the structural versus cyclical debate
Geoff Kendrick, senior currency strategist at Westpac in London, has developed a systematic way to generate alpha from the structural versus cyclical debate
Option Computers chooses BT Radianz
LONDON – UK software and trading technology vendor Option Computers has signed up to use the BT Radianz shared market infrastructure to offer access to a hosted version of its flagship product, the DealHub application suite.
What drives traders?
NEW YORK – Peter Borish, chief executive officer, Twinfields Capital Management, kicked off proceedings with an entertaining keynote address on the psychology behind trading.
Morgan Stanley boosts New York sales desk
NEW YORK – Morgan Stanley has boosted its New York sales desk with three new hires in recent weeks, as it continues to expand its FX business on both sides of the Atlantic.
WestLB builds in structuring
DUSSELDORF – WestLB has increased its FX and interest rate structuring business in London to meet demand from German savings bank clients.
Saxo hires sales trio in London
LONDON – Saxo Bank has continued its recent aggressive hiring spree by adding three new faces to it institutional sales team in London.
AXA IM adds currency management team
LONDON – AXA Investment Managers (AXA IM) is building up its FX capabilities with a new currency management team in London.