Opinion
To exchange or not to exchange?
Can the foreign exchange market support an exchange? This is a well-worn question that a great deal of money and a few reputations are hanging on. The Reuters/CME move to establish a centrally cleared exchange that banks and the buy side will participate…
The Chinese way
A lot has happened in China since its accession to the WTO in 2001. Arnie Papp, general manager for Asia-Pacific at Calypso, explains the effect the changes have had on FX in the region
Electronic FX talent must be rewarded
This week sees the e-FX awards handed out to the best and brightest in the industry. I can't give a sneak preview of the winners as they will be revealed on Tuesday and covered in next week's issue. However, I'd like to share some observations that the…
How to position in emerging Asia?
Ben Simpfendorfer, Hong Kong-based Asian strategist for the Royal Bank of Scotland, looks at how to gain exposure to emerging markets amid fears that they will sell off
Power to the peso
The Mexican peso's future is in the hands of a new administration, says Lewis Emmons, emerging market analyst at Informa Global Markets, London
A brave new world for foreign exchange?
Talk of a new platform being launched by Lava and the CME/Reuters joint venture makes it feel as if the FX market is about to experience a revolution similar to that which it saw at the start of the millenium.
Harnessing e-FX benefits
FXall's Mark Warms, general manager, Europe, says treasuries should consolidate their trading functions.Platforms can help them do this, but flexibility is needed
Creating an algorithmic safeguard
Stuart Crooks, vice-president, sales for FlexFX in London, points to algorithmic trading as a way to keep up with the increasing speed at which the market moves
MarketSpace: a tough challenge for CLS
The joint venture between CME and Reuters to create a market-wide FX exchange has every chance of changing the face of the industry.
Play equities and bonds through FX
Adam Cole, senior currency strategist at RBC Capital Markets in London, analyses how currencies move as bond and equity markets fluctuate
Neglect smaller players at your peril
The findings by research firm East & Partners about the difficulties faced by Australian banks should act as a warning to the big players in other markets who are, in many cases, missing a trick.
Down but not out
The Fukui scandal could bring about temporary depreciation for the yen, says Toru Umemoto , FX strategist at Barclays Capital in Tokyo
E-trading forces banks to rethink
Electronics giant Philips' decision to move all trades of less than $50 million on to a multi-bank portal shows just how important these venues have become for transacting foreign exchange.
Structured note digital payout versus participation factor
Neil Bardsley , vice-president and FX options correlation trader at Bank of America, studies the use of an at-the-money spot basket option versus a digital payout in a structured note
Technology is the key to success
Icap's decision to introduce multi-asset class trading following its acquisition of EBS shows that it is serious about capitalising on the advantages that owning the company bestows.
The ongoing rise of Asian currencies
EBS's move to take NDF trading online is the latest evidence that Asian currencies are becoming increasingly important, and it represents a step towards fully tradable currencies for the region.
Speculative positions for all currency pairs
Senior portfolio strategist Henrik Degrér at SEB in Stockholm develops a proxy to gauge speculative positions for all currency pairs
Post-trade is the key to success
Howard Tolman, director of sales at technology vendor Logicscope, points to the recent e-trading survey from BarCap as evidence that post-trade service is more important than pre-trade functionality in winning and keeping clients
Letter To The Editor
I enjoyed reading your article (page 6, May 15) on the toxic flow and the entry into retail business by banks.
Still early days for the retail boom
The deadline for this year's e-FX awards fell on Friday last week, and the entries for the various categories are instructive about the current state of the industry.
A simple strangle for EUR/GBP vol
Currency managers can insure against unexpected moves in the EUR/GBP using a simple low-cost method, says Neil Mellor, currency strategist at the Bank of New York in London
Launches maintain rapid rate of change
The forex market is going through rapid evolution, with banks trying to engineer a market that better suits their needs.
Diversifying through Africa
African basket options are a good vehicle for picking up yield and diversifying away risk, says Marios Maratheftis , FX strategist at Standard Charterd Bank in London
Differing approaches from the biggest players
Where you base your business is in some ways just as important as how it is run. Deutsche Bank's decision to move back into Tokyo this week with a full sales and trading operation shows that it has faith in the Japanese economy's ability to deliver…