News
FXall expands STP influence
LONDON -- Multi-bank FX trading portal FXall last week announced complete straight-through processing (STP) for clients of treasury management system vendors XRT, Selkirk and SimCorp.
Tech briefs
SuperDerivatives snares Mizuho FX options pricing vendor SuperDerivatives has added Mizuho Corporate Bank to its client list.
ANZ completes merger of spot and options trading
MELBOURNE -- ANZ Investment Bank has completed a reorganisation to merge spot and options trading, in favour of expanding its global sales forces.
Singapore banks link for CLS
Singapore -- Three Singaporean banks will go live this December with a joint back-office processing link to the Continuous Linked Settlement (CLS) service for foreign exchange.
Citi to outsource e-liquidity
Forex giant goes online to service growing ranks of 'buy-side' banks
Asia FX specialists key to onshore expansion
HONG KONG -- Market participants with specialist knowledge of Asian FX are becoming more valuable as banks expand their onshore FX options services in the region, senior options officials told FX Week .
Trading places
Goldman gains in FX sales
CLS authorises third-party services launch
LONDON -- CLS Bank today (November 4) authorised its Settlement Members to offer Continuous Linked Settlement to their banking customers.
Swissie stays stable
Risk aversion has aided Swiss franc progress, says David Durrant, chief currency strategist at Julius Baer Asset Management in New York
CLS News 1
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Expansion in forwards trading and teams
LONDON -- The FX forwards market is seeing an influx of new dealers and trading systems as players battle for market share in the lucrative sector.
Banks buy not build for FX
LONDON -- Banks are increasingly outsourcing FX technology, moving away from proprietary systems, bank officials and FX vendors told FX Week .
Exchange model for e-FX unlikely
DAVOS -- The foreign exchange market is unlikely to move to a formal exchange model, whereby customers can deal directly with each other, said speakers at a seminar organised by ACI -- The Financial Markets Association.
BIS: e-FX may impact liquidity, volatility
BASLE -- Market participants fear the rise of electronic trading may adversely impact liquidity and volatility in the FX markets, according to the Bank for International Settlements (BIS).
Market awaits Japan loan package
TOKYO -- Japanese yen trading was mixed last week after authorities delayed the publication of a report on measures to address the problem of Japanese banks' bad loans.
EU enlargement may increase euro liquidity
FRANKFURT -- Enlargement of the European Union and adoption of the euro by EU ascension countries could see deeper, more liquid trading of the euro.
FX Concepts expands into Australia and New Zealand
NEW YORK -- Currency overlay and research firm FX Concepts has partnered with Melbourne-based marketing firm Sovereign Investment Research to expand its operations in the Australian and New Zealand markets, FX Concepts announced last week.
Exchange model for e-FX unlikely
DAVOS -- The foreign exchange market is unlikely to move to a formal exchange model, whereby customers can deal directly with each other, said speakers at a seminar organised by ACI -- The Financial Markets Association.
Abbey National adds to Arcontech data
LONDON -- Abbey National Treasury Services (Ants) is contributing its interest rates to market data vendors using Arcontech's CityVision Multiple Vendor Contribution System (MVCS), the UK-based technology vendor will announce this week.
CAI builds fixed income and risk
PARIS -- French bank Crédit Agricole Indosuez (CAI) has added six new fixed income and risk staff in Paris following the restructuring of its fixed income group in early September.
Sungard coup for FXConnect
LONDON -- State Street Corporation is to announce this week it has secured a coveted deal with UK treasury software firm Sungard.
Trading places
Lehman promotes head of forex research
Merrill Lynch launches new research products
LONDON -- Merrill Lynch's newly formed FX research team last week launched its new research products.