Articles by Miriam Siers
NAB beefs up institutional FX sales team
National Australia Bank has made three additions to its sales team in recent months from ANZ, JP Morgan and Morgan Stanley
NAB eyes further expansion after technology overhaul
National Australia Bank completed a three-year technology overhaul in August and now its head of FX and commodities trading is planning further geographical expansion. Miriam Siers reports
Euro will fall to 1.18 by early next year, says TD Securities
A long-term prediction of euro weakness lands the Canadian bank at the top of this week's 12-month forecast rankings - and its chief strategist sees further weakness ahead
SurfacExchange to move into emerging market currencies
The start-up currency derivatives platform will add the Brazilian real and the Mexican peso by the start of 2013 as it responds to investor demand for emerging market currencies
Brevan Howard partner departs
Klaus Oestergaard has left the hedge fund
Faros Trading moves into options
Faros Trading, which was established in 2009, has added FX options to its product suite
New lows in FX volatility prompt funds to retreat from options
Volatility in the FX market is plunging to record lows in the fourth quarter, leading to changes in the composition of the options market
Contrarian euro view lands RBS on top
Strategists at RBS accurately forecast the euro would rally in the wake of the ECB's bond-buying announcement, but they expect it will begin to fall towards year-end
Dealers hope for replication of BoE move to two-way CSAs
As the Bank of England prepares to begin posting collateral to its counterparties when trading derivatives next year, FX traders hope other central banks will follow its lead
HSBC launches algo carry index
The Global FX Carry Index, launched by HSBC yesterday, considers 32 currencies for investment, including G-10 and emerging markets
360T hires Asia sales head from Commerz
Commerzbank's head of e-FX sales for Asia joined 360T in Singapore earlier this month
FXall’s Woolcock to join Eurobase
David Woolcock, who resigned from FXall this week after almost nine years, will join technology vendor Eurobase next month
More FX platforms to come, says Celent
A new research report from Celent predicts more platforms will launch in the FX market, and that the single-dealer platform will continue to gain in popularity
Ivan Ritossa to leave Barclays
Barclays' global head of FX of more than 10 years will leave the bank at the end of this year as part of a major reorganisation unveiled today
Renminbi will be fully convertible by 2015, says RBS
Analysts at Royal Bank of Scotland believe Chinese authorities have set themselves an implicit goal to make renminbi fully convertible within three years
CIBC on top with stable yen forecast
Canadian Imperial Bank of Commerce forecast in September 2011 that the yen would hold steady against the euro and the US dollar, landing the bank at the top of the 12-month currency forecast rankings
FX Concepts acquires Track research business
Track.com chief executive Robert Savage is to become chief strategist at FX Concepts as he acknowledges the challenges of selling research independently
TD Securities hires options trader from RBC
New trader started at TD earlier this week and reports to William Kellett
EBS adds to product team with senior hire
Eisso VanderMeulen joins Icap in New York to work on EBS product development
Trade reporting pressure increases as CFTC deadlines loom
DTCC data repository has received provisional CFTC approval, just three weeks ahead of mandatory reporting for credit and rates, with FX reporting due to begin in January
FX committees prepare for platform proliferation
Monitoring trading volumes in the foreign exchange market is an important priority for the central bank-sponsored FX committees, but if liquidity fragments across a handful of new trading platforms, could that analysis become more difficult? Miriam Siers…
FX futures and options volumes soar on CME
While volumes are down year-on-year, September has seen a number of record days on CME Group, particularly in currencies such as the Canadian and Australian dollars and the Mexican peso
Caplin unveils new development environment for bank platforms
Caplin Systems is launching a new development environment based on HTML5, which it believes will allow banks to build more effective single-dealer platforms
QE3 sparks widespread dollar bearishness
The US dollar fell against most major currencies following the announcement of QE3 on September 13, but market participants are lukewarm on the likelihood of its success