Investment
Barclays launches FX-linked ETNs
NEW YORK – Barclays Bank launched three exchange traded notes (ETN) linked to the movement of the euro, sterling and yen relative to the dollar on the New York Stock Exchange last Wednesday (May 9).
Saxo continues Asia expansion in Singapore
SINGAPORE – Saxo Capital Markets, the Asian subsidiary of Saxo Bank, is continuing to expand its footprint in the Asia-Pacific region, with two key appointments in Singapore.
HKMA chief calls for greater integration of the renminbi
TOKYO – Hong Kong should prepare for greater integration of the renminbi into its financial infrastructure, said Joseph Yam, chief executive of the Hong Kong Monetary Authority (HKMA).
Does one platform really fit all?
Do clients even want to trade multiple asset classes from a single platform? That's an interesting question.
Merrill Lynch launches first rated CFXO
LONDON – Merrill Lynch has launched the first full rated and managed collateralised foreign exchange obligation. The product is being managed by Crédit Agricole Asset Management, and rated by Standard & Poor's.
Credit Suisse joins index bandwagon
LONDON – Credit Suisse has launched FX Rolling Optimised Carry Indices (ROCI) for forex carry trade investors.
Hotspot and Traiana warm up to Netlink
JERSEY CITY, NJ – Electronic communications network Hotspot FX is teaming up with FX post-trade technology vendor Traiana, to roll out NetLink over its institutional platform.
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.
When volatile waters grow calmer
How should one prepare for a return to more normal levels of volatility? Neil Mellor , currency strategist at The Bank of New York in London, evaluates expectations for record lows.
Commodities to become a core asset class, FSA predicts
LONDON – The UK Financial Services Authority (FSA) predicts commodities will become a core asset class for all diversified portfolios.
CFTC charges unregulated futures brokers
WASHINGTON DC – The US futures regulator is continuing to battle FX fraud in the country, with charges hitting unregulated FX futures brokers and online retail trading platforms.
Bank of America joins index bandwagon
NEW YORK – Bank of America (BoA) has launched 73 indexes that track the performance of 30 developed and emerging market currencies against the US dollar.
Voting for e-FX Awards is underway
The starting pistol for this year's e-FX Awards has been fired, with companies invited to submit their pitches in the 13 categories.
The need for speed in algorithmic trading
LONDON – By 2017, the 10 top banks will manage 80% of all capital markets by revenue, according to Ralph Silva, senior analyst from Tower Group.
Deutsche Bank launches currency index
LONDON – Deutsche Bank last week launched an investable currency index that replicates the carry, momentum and valuation strategies in a non-discretionary rule-based product.
Banks gear up to fight online traders
Last week provided some interesting insight into the insecurities some banks are suffering from vis-à-vis online trading companies.
When opportunity comes a-knockin'
In the past few weeks, FX Week has looked at opportunities the retail forex market presents for banks.
Gain Capital rolls out web-based platform
BEDMINSTER, NEW JERSEY – Gain Capital has launched a Windows-based margin trading platform for institutional and individual investors.
The risky business of trading
The case for banks entering the retail market with trading platforms of their own seems to be getting stronger.
Parker FX index reports flat returns for January
STAMFORD, CT - The Parker FX index has reported a flat return for January, with exactly half its indexed programmes reporting positive results, and the remaining half reporting losses.
Carry on... with a difference
There are many ways to take advantage of uncorrelated carry trades, says Marios Maratheftis, FX strategist at standard chartered in London
Lloyds TSB expansion plans proceed apace
LONDON – Lloyds TSB Capital Markets has hired Nicholas Hogg to join its FX sales team in London, with the title of assistant director of commercial banking sales. He comes from HSBC, where he was team leader of FX and interest rate retail sales. Hogg…
Further restructuring at Bank of America
LONDON – Ravi Mudan has been promoted to global head of FX proprietary trading at Bank of America (BoA) in London.