News
CME to offer won trading
SEOUL & CHICAGO – Chicago Mercantile Exchange (CME) and the Korean Ministry of Finance and Economy (MOFE) have announced plans to list futures and options on futures on the Korean won.
ADB explores Asian currency unit
HYDEREBAD – The prospect of a single currency unit for Asia came one step closer to reality this month at talks organised by the Asian Development Bank (ADB) in the the Indian city of Hyderebad earlier this month.
Bloomberg continues FX boost
NEW YORK – Bloomberg is continuing to build up its forex capabilities with a new information product called FXIP (foreign exchange information platform).
Looking at the past with an eye to the future
Saturday MANILA – Saturday kicks off with a long view of the FX market, as a panel discusses how currencies have developed in recent times. The session entitled 'Evolution of currencies fixed to floating/ national to regional will be moderated by…
Russian event for e-trading trends
MOSCOW – Russian bank Investsberbank and Lava trading will present an international seminar on current trends in e-trading in Moscow at an event hosted by ACI Russia, on June 20.
Saxo to open in Singapore
COPENHAGEN & SINGAPORE – Saxo Bank is opening an office in Singapore to serve its growing client base in the region.
Who's who on the exhibition floor?
FX Week gives a rundown of some of the top exhibitors at this year's event. Find out who's showcasing what, then see the box below for those all-important entertainment listings
Bloomberg continues FX boost
NEW YORK – Bloomberg is continuing to build up its forex capabilities with a new information product called FXIP (foreign exchange information platform).
EBS adds rand to spot trading
LONDON – Interdealer broker EBS has added the South African rand to its spot matching system in conjunction with South Africa's largest liquidity providing banks.
CLS cuts prices for low-value, high-freq trades
LONDON – CLS Bank has introduced a new pricing structure that sees charges slashed for settling low-value payment instructions, as it seeks to attract low-value high-frequency trading business.
Misys enhances treasury platform
LONDON – Software vendor Misys has updated its treasury platform to improve the rate of matching instructions on FX deals.
Another new high for EBS
NEW YORK – EBS recorded another record day on May 11 as market news led to a huge spike in trade.
Retail rollout for major banks
GLOBAL – A number of banks are launching retail FX offerings this year as they see growing opportunities for attracting flow from this market.
BarCap builds in Asia
SINGAPORE – Barclays Capital (BarCap) has continued its aggressive approach in Asia with the creation of a new head of trading role in Tokyo and four new appointments in Tokyo and Singapore.
Rouble convertible by July – Putin
MOSCOW – Russian president Vladimir Putin wants to make the Russian rouble a convertible currency by July 1 this year, he said last week.
FNX adds more liquidity sources
PHILADELPHIA – Technology vendor FNX Solutions is linking to five more liquidity providers to give customers a wider range of sources to which they can link their execution engines.
Nutland takes on larger role at Calyon
LONDON – French bank Calyon has named Steve Nutland as global head of trading, spot and options in London.
Retail rollout for major banks
GLOBAL – A number of banks are launching retail FX offerings this year as they see growing opportunities for attracting flow from this market.
April strong for forex
NEW YORK – April was a positive month for FX trading, with platforms EBS and FXall both breaking respective trading volumes.
Downward turn for Parker FX index in March
STAMFORD, CT – The Parker FX index was down 1.27% in March, with currency markets highlighted by a strong euro, a mixed US dollar and a weakening yen.
BNY signs Fundtech deal for corporates
NEW YORK – The Bank of New York (BNY) and vendor Fundtech have signed a deal enabling mid-sized banks to easily and affordably provide FX services to corporate clients.
European banks charge ahead in Q1
EUROPE – European banks have posted a sharp rise in trading revenues for the first quarter of this year, continuing a trend set by US rivals.