News
TMS to raise up to $50 million in IPO
Warsaw-based foreign exchange broker TMS is to list on the Warsaw Stock Exchange on January 7, officials tell FX Week.
BIS: 'Others' drive growth in FX market
The Bank for International Settlements (BIS) attributes 85% of the growth in FX market turnover in 2010 from 2007 to increased trading activity of other financial institutions, notably high-frequency traders, banks trading as clients of the biggest FX…
FXall releases Trading version 4.0
FXall is today (December 13) announcing the release of FXall Trading 4.0, which aims to bring together key benefits for all client segments including active traders, asset managers, banks and corporate treasurers.
Parker down in October
The Parker FX Index reported a loss at -0.12% in October, as markets were marked by a depreciating US dollar, with the DXY Index declining to -1.85%.
Deutsche targets Russian corporates with Autobahn FX
Deutsche Bank will roll out its electronic trading platform Autobahn FX in Russia in 2011 as part of efforts to generate more flow from local corporates, according to a senior official at the bank in Moscow.
Trading Places, December 13, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
Scotia backs euro ahead of dollar in 2011
Scotia Capital has topped this week's three-month currency forecast rankings with an accurate prediction of US dollar weakness following Federal Reserve chairman Ben Bernanke's hints of further quantitative easing (QE) in late August.
Martin Wheatley leaving the HK SFC next year
The SFC's first chief executive, Martin Wheatley, will leave the commission in the middle of next year.
LCH.Clearnet beats CME in FX clearing race
LCH.Clearnet has signed 13 banks up to a new foreign exchange options clearing venture - ForexClear - due to open for business in late 2011, according to a statement.
Rabobank strengthens Asia desk with key hire
The Dutch bank has boosted its Hong Kong desk with the appointment of Jason Keg as head of FX and emerging markets, Asia, trading and sales.
StanChart boosts financial institutions coverage
Standard Chartered has made a key hire from JP Morgan in Asia as it looks to boost its financial institutions sales coverage in South and Southeast Asia.
ClientKnowledge wins over Standard Bank with LMS
South African bank Standard Bank went live with ClientKnowledge’s liquidity management system (LMS) for its FX spot business in August, it announced last week.
FXCM partners with SuperDerivatives to launch options platform
Retail aggregator FXCM is joining forces with derivatives pricing technology vendor SuperDerivatives to launch an FX options trading platform by March next year.
Policy centralisation key to future of Eurozone, says Goldman’s O’Neill
Success or failure of the Eurozone hinges on Germany ‘laying down the law’, according to chairman of Goldman Sachs Asset Management.
Rouble expert returns to Icap
Icap reappoints former director as the new managing director of its rouble business in London.
TD makes play for commodities market
TD Securities is targeting demand for precious metals trading with the launch of a new global precious metals (GPM) sales and trading business today (December 6).
SG CIB live with DealHub for price distribution
Société Générale Corporate & Investment Banking (SG CIB) is using DealHub as its e-FX price-distribution system, as part of ongoing enhancements to its systems and infrastructure.
BAML incorporates OTC trading in new risk index
Bank of America Merrill Lynch has launched a new index which measures risks not normally visible in public markets by incorporating assets trading in the over-the-counter market.
Global FX Division establishes FXPB
The Global FX Division (GFXD) of AFME/SIFMA/ASIFMA announced the formation of a working group to focus specifically on the challenges and issues surrounding global FX prime brokerage (FXPB) and to implement over-the-counter FX clearing for clients.
Forex continues to grow across major platforms
Electronic brokers reported broad growth in trading volumes in November; however Thomson Reuters indicated a marginal fallback in the upward trend in FX.
FXCM raises $50 million for acquisitions
Retail trading company FXCM raised $50 million in primary proceeds for acquisitions in the first day of trade on the New York Stock Exchange on December 2, said company chief executive Drew Niv, in New York.
UBS restructures European forex sales
UBS has strengthened its sales offering with a key hire amid an overhaul of its European sales structure.
Nomura builds out with smartTrade
Nomura went live with smartTrade Technologies’ liquidity management system (LMS) in November for its electronic FX trading business, with plans to scale the technology across other asset classes.