News
GFI launches voice-broker service
LONDON – Inter-dealer broker GFI has responded to market demand for voice-broker execution with the launch of FX Trading View.
Buy side to see Matching prices
LONDON – Fund managers, corporates, and mid-tier banks will soon get access to Reuters' interbank FX rates for the first time, the UK vendor will announce today (September 13).
Former Soviet satellites' FX interest increasing
ASTANA, KAZAKHSTAN – The FX market for the states surrounding Russia has picked up in recent years due to liberalisation of capital and increasing international trade.
Sales staff in global demand
HONG KONG – Demand for sales staff in Asia is on the increase, with many of the major banks having hired or looking to increase their capabilities in the region.
4Cast buys SocGen's directory and website
LONDON – 4Cast has bought the Dealers Directory from Société Générale, the French bank said.
Saxo to offer online FX to RCG
COPENHAGEN – Saxo Bank has linked up with futures clearing firm Rosenthal Collins Group (RCG) to offer its forex capabilities to the Chicago-based firm's online customers.
FXall adds five price-makers
NEW YORK – Five banks have signed up to provide prices to multi-bank platform FXall, the firm said last week.
Calyon to outsource liquidity
PARIS – Calyon is in discussions with other un-named banks to outsource currency trading to them.
ABN Amro wins China derivatives licence
SHANGHAI – ABN Amro last week joined the elite group of foreign banks authorised to trade FX derivatives in China after winning a licence from regulator the China Banking Regulatory Commission (CBRC).
BGC to hire 25 in spot forex
LONDON – Spot brokers are the initial target of Cantor Fitzgerald's upcoming recruitment spree for FX, as it prepares to spin off new voice broker BGC Partners, said an official at the firm last week.
NAB to re-open options desk
MELBOURNE – National Australia Bank hopes to re-open its currency options desk in the "near-term", said chairman Graham Kraehe last week. However, the bank refused to be drawn on a date, saying it was up to regulator the Australian Prudential Regulation…
South Africa comes under global focus
JOHANNESBURG – South Africa is currently a focus of activity in the FX world, as global institutions such as the Continuous-Linked Settlement Group (CLS) and spot broker EBS add the region to their sphere of activity.
Chinese banks turn to Reuters for help with derivatives regulations
SHANGHAI – Guangdong Development Bank (GDB), First Sino Bank (FSB) and the Bank of Shanghai (BOS) are installing systems from Reuters to comply with derivatives regulations introduced by the China Banking Regulatory Commission (CBRC) in March.
Saxo Bank to launch in the US
NEW YORK – Retail forex specialist Saxo Bank will launch its online trading platform SaxoTrader in the US this week.
TD Securities reshuffles in London
LONDON – TD Securities has reorganised forex management in London in order to build its emerging market desk.
Politics fail to dampen hopes for forint
BUDAPEST – The resignation last month of Hungary's prime minister Peter Medgyessy has not led to the trading opportunities that may have been expected from the country's currency, the forint.
SG's Grieb to manage investment banking in Prague
PRAGUE – Jurgen Grieb, formerly head of FX and derivatives sales for Société Générale in London, moves to Prague this week to become head of investment banking at SG CIB in the Czech Republic
EBS to admit funds to Spot
LONDON – Spot broker EBS will allow funds to trade on its EBS Spot platform from next year, it will announce this week.
Pension funds scramble for FX management
LONDON – UK pension funds' demand for foreign exchange management has gone through the roof over the past year, as trustees and managers seek to limit risk and improve returns.