Opinion
Introducing ACI...
Firstly, thank you to FX Week for allowing ACI UK this monthly slot in their publication. We are pleased to have this additional method to communicate with the 13,000 global ACI members, as well as those involved in our industry who are not members of…
Retail FX might go down, but it's not out
Last week's turbulence in the currency markets certainly gave those considering a strategy to enter the retail foreign exchange market pause for thought.
Crash and carry
Lena Komileva, head of G-7 market economics at Tullett Prebon, predicts a sharp reversal of the global carry trade
Platforms fight for electronic liquidity
Despite the seemingly relentless proliferation of trading platforms in the past few years, many in the industry still believe it's unlikely they will all survive.
Market seeks substance
Teis Knuthsen, head of foreign exchange research at Danske Bank in Copenhagen, discusses the increasing significance of commodity exposure and domestic demand over the allure of high interest rates
Split euro personalities
Simon Derrick, head of currency research at Bank of New York Mellon, investigates the causes of a geographical split in investor behaviour within the eurozone
Time for Reuters to vocalise on NDFs
The launch of non-deliverable forwards (NDFs) trading on spot broking system EBS Spot today signals the re-launch of industry initiatives that were shelved as the market absorbed the damage caused by last summer's subprime crisis.
Letter to the Editor
I read your comments regarding our acquisition of FX Solutions (published February 11) and just wanted to make a couple of comments.
Riding the US recession
Adam Cole, global head of foreign exchange strategy at RBC Capital Markets in London, evaluates the prospects of a US dollar recovery amid a US recession
Harnessing the future
Standard Chartered's decision to launch a quant academy programme is further evidence of banks putting more resources in developing the markets through human capital.
Clients pay a price for transparency
Although some banks appear to be experiencing initial success with the rollout of algorithmic execution services to clients in foreign exchange, it seems any extension of the portfolio of tools available could be curtailed by limited data from electronic…
Looking beyond the US dollar
If 2007 was the year the US sneezed, 2008 promises to be the year in which the rest of the world catches a cold, says Cameron Umetsu, currency strategist at Nomura International in London
How to get more from your basket
Duncan Farnsworth, director, currency structuring group, at the Royal Bank of Scotland in London, explains how to improve the performance of basket structures
City Index seeks a retail FX solution
City Index's acquisition of online foreign exchange trading company FX Solutions last Wednesday (February 6) marks a significant push by the company to gain traction in the global retail FX market, particularly given the price!
There are lessons to be learned from SG
As the barrage of revelations detailing the events leading to the €4.9 billion rogue-trading losses at Société Générale continues, so too do theories on how the French bank could have overlooked the activities of its junior equity index futures trader.
Three simple steps towards risk immunisation
Société Générale - there but for the grace of God? Justyn Trenner and David Poole, principals of client strategy firm ClientKnowledge in London, offer a short check-list of factors to protect against a similar occurrence
Nothing beats a good trading scandal
The past week has produced a frenzy of headlines, from the FTSE index hitting seven-year lows and the Federal Reserve's surprise 75 basis point rate cut, to the billions of dollars in writedowns at major dealers. But nothing grabs the attention as much…
SWFs under pressure to disclose
Marc Chandler, chief currency strategist at Brown Brothers Harriman in New York, looks at why the issue of sovereign wealth fund transparency is such a heated one
Seeking a sterling collapse
By Pete Luxton, global markets adviser, and Dave Willmer, foreign exchange options market strategist, at Informa Global Markets in London
Reduced growth will fuel FX competition
As the market gears up for a fresh year of activity, Patrick Lefler, FX consultant at Wall Street Systems, predicts the key FX market developments in 2008
Yen stands strong
Philip Brass, global head of CitiFX flows in London, predicts a prolonged period of yen strength as holders of short yen positions change their investment strategies
CLS product expansion welcomed
CLS's announcement last week that it has begun settling credit derivatives trades demonstrates the industry utility's efforts to reduce the unit cost and total bill for settling forex trades over the system.
Algorithmic trading comes of age
Last summer's resurgence in market volatility highlighted the role of algorithmic trading in maintaining the active flow of electronic liquidity.
Coming on strong
Lydia Kranner, analyst at RZB in Vienna, evaluates the prospect of Chinese yuan appreciation in 2008