Opinion
Forex contends with great expectations
The foreign exchange industry is set for a shake-out next year as re-pricing of risk forces change in the make-up of the industry.
Cable: we've been here before
Peter Luxton, global economic adviser at Informa Global Markets in London, looks at how cable is faring during this economic crisis, and finds it is following a similar pattern to cable during the 1992-93 slump
Changes afoot for FX prime brokers
Discussions with dealers in recent weeks have identified significant changes for the industry in the coming year, in terms of pricing and infrastructure.
Chicago's wind of change
Felix Shipkevich, general counsel at CMS Forex in New York, highlights the difficulties of applying similar regulations to retail foreign exchange and the exchange-based commodities and futures markets
Out of the frying pan, into the fire...
Analysts at Barclays Capital in London say recent dramatic rate cuts might mean the worst of the financial crisis is behind us, but concern about economic growth is increasing
Nedbank Capital taps Aleri for liquidity data analysis
JOHANNESBURG - South African investment bank Nedbank Capital plans to implement a liquidity management system (LMS) offered by Chicago-based complex event processing software vendor Aleri next year, to consolidate data on cashflows and liquidity…
'Instividual' investors switch on to FX
One area of the foreign exchange market that appears to be continuing on a healthy growth trajectory is retail FX trading, according to research released last week.
A call to action on electronic pricing
The protracted explosion in bid/ask spreads and implosion in liquidity since mid-September is causing mounting frustration among algorithmic traders.
Averting the crisis
Nicholas Kwan, regional head of research, Asia, at Standard Chartered in Hong Kong, says Asian countries need to work together to avert the worst effects of the financial crisis
A true test for Asian markets
"Don't panic, but be fearful" was the message at this year's FX Week Asia Congress, held last Tuesday (October 21) in Singapore.
The confusion over central clearing
Over the past month, the concept of central counterparty (CCP) clearing has taken centre stage, as concerns over counterparty risk consume the market in the aftermath of the collapse of Lehman Brothers in September.
Swissie set to replace greenback in Russia
Igor Suzdaltsev, head of financial institutions at OTP Bank (Russia) in Moscow, explains why he believes Russia will switch affections from the US dollar to the Swiss franc
Opportunity no longer knocks
The past week has highlighted what a questionable time it is for the industry
A delicate phase for the euro
Audrey Childe-Freeman, senior currency strategist at Brown Brothers Harriman in New York, evaluates the prospects for the euro
Strike while the iron is hot
Pete Luxton, economic adviser, and Shant Movsesian, manager, foreign exchange options, at Informa Global Markets in London suggest a basket strategy to play euro weakness
Asia's tigers show their stripes
For Nick Chamie, head of emerging markets research at RBC Dominion Securities in Toronto, memories of Asia's 1997 meltdown are resurfacing as concern grows in the region
Cutting costs
Pat Lefler, director, product marketing, at Wall Street Systems in New York, looks at ways smaller banks could reduce their trade-processing costs and remain competitive
Carpe diem: forex beats the retreat
Despite inconsistent liquidity since mid-September, volumes at major trading platforms continue to remain buoyant.
FXPB versus CCP put to the test
With concern over counterparty credit risk at such elevated levels, some question what this will ultimately mean for the smaller banks out in the market-place.
One bank's loss is another bank's gain
The reality is that, when a bank collapses, an opportunity is created for others to pick up its business. In the past week, evidence has emerged as to who is winning Lehman Brothers' foreign exchange client base.
UBS: an FX beacon in a sea of doubt
UBS practically swept the leader board in the currency category of FX Week sister publication Risk 's 2008 interdealer survey released last week.
Uncomfortable truths
Teis Knuthsen, head of FX research at Danske Bank in Copenhagen, looks at the structural changes shaping political and economic realities in our time
What the Reauthorisation Act means for retail FX
Felix Shipkevich, general counsel at online FX trading company CMS Forex in New York, provides an overview of the US regulatory environment for retail FX brokers
The post-trade value chain
Nick Dyne, head of business development at post-trade technology vendor Logicscope in London, evaluates the prospect of a 'virtual' back office