News
Funds find profits elusive in November
LONDON -- Currency fund managers found it difficult to make profits in November, according to the Parker FX Index for that month, published at the end of December.
JPMorgan Fleming to launch FX fund
LONDON -- JPMorgan Fleming will launch a fund in February based on research produced by parent group JP Morgan Chase.
Top banks sign up for GFI’s options revaluation fixings
NEW YORK -- JP Morgan Chase, Bank of America, Deutsche Bank and Bank of Montreal are all using inter-dealer broker and market data vendor GFI’s FX option revaluation fixings, GFI said last week.
HICP may delay rate rises
LONDON -- The move to the HICP [harmonised index of consumer prices] measure of inflation in the UK could lead to a more relaxed policy stance by the Bank of England Monetary Policy Committee, analysts said last week.
Scandinavian banks look east
STOCKHOLM -- Scandinavian banks are expanding emerging markets teams in Europe and Asia as they seek to upgrade non-Scandi forex in preparation for the anticipated disappearance of the Swedish and Danish crowns.
Commodities boost volumes on BarCap’s forex platform
LONDON -- Barclays Capital has enjoyed increased foreign exchange volumes on its white-labelled e-trading platform as a result of adding commodities earlier this year, a senior official told FX Week .
SG takes Traiana to boost sales
NEW YORK -- SG Corporate & Investment Banking has taken Californian vendor Traiana’s Trading Relationship Management (TRM) and Harmony software as part of its efforts to boost its global institutional FX sales business.