Articles by Miriam Siers
Tempered euro bet lands CIBC on top
The Canadian bank accurately forecast the euro would rise and then fall in its one-month forecasts submitted on January 18
Bank of England to establish RMB swap line
Ten months after the UK government launched an initiative to make London a centre for offshore renminbi business, the Bank of England has started much-anticipated discussions over a renminbi swap line
Hotspot falls under new oversight in Knight/Getco reshuffle
New management structure gives Albert Maasland and Joseph Mazzella oversight of Hotspot FX, which continues to be run by the same team
DTCC powers ahead with FX trade repository
Dealers are on-track to meet a February 28 deadline to report FX trades to a repository, a DTCC official said earlier today
MarkitServ partners with Misys to boost FX clearing
Users of the Misys Confirmation Matching Service will be able to use MarkitServ's clearing connectivity to route FX derivatives to clearing houses
Digital Vega to add spot to Medusa options platform
FX options platform to add spot trading functionality this week in response to client demand, assisted by State Street-owned Currenex platform
Euro outlook 'unpredictable' after recent strength
Despite the resurgence of confidence in the euro since the turn of the year, participants appear to be following the caution expressed by Mario Draghi yesterday over whether the trend is sustainable
SurfacExchange in acquisition talks
Multibank FX options platform confirms it has seen an 'uptick' in conversations over a potential acquisition, as rivals make tweaks to their ownership structures ahead of Sef registration race
CLS appoints chief financial officer
Alexander Filshie will become chief financial officer at CLS, starting February 6, the settlement risk utility announced today
Barx FX, a decade on
Electronic trading in the FX market has evolved almost beyond recognition over the past decade, but single-dealer platforms continue to gain in popularity as banks feed increasing resources into their platforms. Miriam Siers speaks to Barx FX head Tim…
Trading places, February 4, 2013
Morgan Stanley hires in FX sales, while Legal & General unveils a management reshuffle
Increased risk appetite causes spike in relative value FX trades
Investors are turning to relative value trades to provide low-premium, guaranteed downside and good leverage to the upside, traders say
Danske continues winning streak with upward euro forecast
The bank's short-term forecast that the euro would strengthen moderately during January has kept it at the top of the one-month rankings for the past five weeks
Senior salesman exits Deutsche
Former Morgan Stanley FX sales head leaves Deutsche Bank in New York
Could FX volumes bounce back in 2013?
As the central bank FX committees prepare to publish their semi-annual turnover surveys today, trading volumes are expected to have remained depressed in October 2012, but many now expect a recovery in volumes this year
Dollar will outperform euro in the near term, says Barclays
An accurate forecast that the euro would strengthen at the end of 2012 has landed Barclays at the top of the three-month rankings, but the bank believes the dollar now has the edge
Traders braced for further yen weakness ahead of BoJ meeting
Many market participants were caught unawares by the sharpness of the yen's fall in recent weeks, but all eyes will be on the currency's reaction to this week's Bank of Japan meeting
GFI Fenics repositions FX options platform as it targets Sef licence
Two years after it was launched, Fenics Trader is to be renamed GFI Direct and operated directly as a GFI subsidiary – a move intended to support its bid for Sef status
Credit Suisse hires ex-Barclays e-FX salesman
New head of electronic sales for Emea joined Credit Suisse in London last week, reporting locally to Rob Maher
Mexican peso poised to dominate EM currency trading
Asian investors have been diversifying into EM currencies for some time, with the Mexican peso performing particularly well, but despite the potential for enhanced yield, emerging markets are not devoid of risk, banks warn
Volatility to remain constrained by central banks, says Rabobank
An expectation that the US dollar and the yen would both weaken during 2012 has landed Rabobank at the top of the 12-month currency forecast rankings
FX investor sales head to leave ANZ
Thomas Mummert is to leave ANZ in Singapore after two years
Gelber's Swiss chief joins Stone Milliner
FX industry veteran has joined Stone Milliner as a portfolio manager in Zurich
Macro sales head departs RBC Capital Markets
Royal Bank of Canada's global head of macro FX sales in London is leaving the bank