Feature
September 2006 - Xinhua filters foreign news
BEIJING – China's plans to delay the information flow from foreign news agencies by filtering it through Xinhua news agency led to fears about the future of FX trade in the region.
February 2006 - JP Morgan forex salesman arrested
NEW YORK – A JP Morgan FX salesman was arrested, making the US bank the latest to be embroiled in a trading scandal. Terrence Gumbs, a 17-year veteran of the bank, was arrested and charged with wire fraud, after placing a $385 million sell order on…
January 2006 - PBoC gives OTC foreign exchange go-ahead
BEIJING – The People's Bank of China (PBoC) opened up the country's spot FX market to over-the-counter trades and authorised the China Foreign Exchange Trading System (Cfets) to determine the daily central parity rate for the RMB against foreign…
October 2006 - Bank of China broadens CLS horizons
HONG KONG & BEIJING – Bank of China (BoC) became a shareholder in CLS Group, as the world's largest emerging economy took another step towards integration into global capital markets.
December 2006 - EBS moves into netting following Traiana deal
LONDON – EBS is to establish a netting service to enable prime customers to net trades with their banks, as the spot broker looks to adapt to the changing landscape.
July 2006 - NAB saga heads towards closure
MELBOURNE – The final chapter of the National Australia Bank (NAB) trading scandal unearthed in 2004 drew close to its conclusion in July, with the last two forex options traders jailed.
November 2006 - Icap pushes into non-deliverable forwards
LONDON – Icap plans to launch non-deliverable forwards and develop an electronic FX options trading platform, CEO Michael Spencer told the FX Week annual congress in his keynote address.
December 2006 - Spotlight shines on emerging markets
LONDON – Icap moved voice brokers to its central European franchise away from the majors as falling margins in the majors and the purchase of EBS changed the company's strategy.
Recognising forex excellence
Last Tuesday (November 14) saw the 12th FX Week Best Banks Awards held at the Marriott Grosvenor Square in London's West End.
Citigroup plays catch-up
Citigroup's recent investment in forex technology appears to be paying off, as demonstrated by the bank's resurgence this year
Beauty and the boxer: a night of extremes
Guests at the awards evening were treated to Beauty in the shape of dance group Lady Grey and the Beast in the form of East-end ex-boxer comedian Ricky Grover. After ushering in the expectant audience, the dancers treated us all to an exotic display of…
SEB pips Danske to Scandinavian honours
Skandinaviska Enskilda Banken (SEB) this year topped the Scandinavian currency pair category, ousting Danske Bank, while HSBC continued to dominate emerging market currencies. SEB was voted top by both banks and corporates and was placed fifth by…
Citigroup leads forward FX and options
Citigroup's effort to bolster its derivatives capabilities continues to pay dividends. The US banking giant has surged to the top of the forward FX category while maintaining its lead in currency options.
Informa back on top with research trophy
After last year's glitch, Informa Global Markets is back on top as the best vendor for FX research and strategy.
UBS triumphs as Citi bounces back level, helping it to take the best bank for spot FX award.
Meanwhile, Citigroup stormed back into second place and picked up five awards including best bank in forward FX and best bank in currency options. The US bank scored solid support from voters in all three categories, moving from fifth to second among…
Deutsche scoops structuring trophy
Having a diversified client base helped Deutsche Bank pick up the structured products award, according to Ray Franzi, head of structuring for Europe in London.
ABN Amro lifts CLS award
ABN Amro pipped UBS to the post for best bank for third-party CLS category.