HSBC
HSBC echoes call for greater official focus on offshore RMB
The FX market's fixation on the crises in the West has led participants to miss out on opportunities in offshore renminbi, and governments should give greater support to the currency’s development, HSBC believes
Photo gallery: Best Banks Awards, November 2012
Photos from FX Week's Best Banks Awards dinner, held in London on November 21
Best Banks 2012: Deutsche holds top spot for fourth year
Deutsche Bank and Citi remain in first and second place in this year's market survey, while Barclays has risen to third place
HSBC cleans up in emerging Asia and Emea
A strategic coverage in key emerging markets, coupled with its ongoing focus on onshore and offshore renminbi trading, has landed HSBC with a string of awards this year, including both emerging Asia and Emea
HSBC reshuffles institutional sales management
Claude Goulet promoted to head of institutional FX sales in Emea, as Chris Smith joins to head hedge fund sales
New lows in FX volatility prompt funds to retreat from options
Volatility in the FX market is plunging to record lows in the fourth quarter, leading to changes in the composition of the options market
HSBC launches algo carry index
The Global FX Carry Index, launched by HSBC yesterday, considers 32 currencies for investment, including G-10 and emerging markets
FXall’s Woolcock to join Eurobase
David Woolcock, who resigned from FXall this week after almost nine years, will join technology vendor Eurobase next month
Banks struggle to build FX as liquidity slows
Falling levels of FX activity, particularly among institutional clients, have made it difficult for banks – particularly the newer entrants – to beef up their forex businesses,
More FX platforms to come, says Celent
A new research report from Celent predicts more platforms will launch in the FX market, and that the single-dealer platform will continue to gain in popularity
JP Morgan’s Rohrbaugh appointed chair of global FX division
Troy Rohrbaugh, JP Morgan's head of FX and rates, succeeds Zar Amrolia as chair of the industry's global FX division
FX sales co-head leaves HSBC
Robbert Sijbrandij has left HSBC to spend time with his family in Switzerland, having joined the bank in August 2010
FXSpotStream adds Morgan Stanley as liquidity provider
The US bank becomes the seventh liquidity provider on FXSpotStream, which is now live and trading after it was first announced in May
Credit to remain a dominant theme in FX, says Traiana’s Coyne
Closer scrutiny of credit relationships has become a major trend in the FX market, leading to initiatives such as the Kill Switch, which has already been used to shut off the activity of a prime broker’s client, reveals Traiana chief executive Andrew…
Euro will continue to rise, says HSBC
HSBC's bullish view on the euro - which it continues to hold in its current forecasts - lands the bank at the top of the one-month forecast rankings
Banks weigh up CCPs as clearing deadline looms
The choice of clearing house in the FX market is currently between three firms, two of which are owned by exchanges. While some suggest exchange-owned clearers might be at a disadvantage, market participants suggest the choice ultimately comes down to…
Trading places, September 3, 2012
New hires at Lloyds and Barclays, while HSBC loses a trader
Likelihood of Grexit diminishes ahead of troika review
As European authorities head to Greece to inspect the country's finances, strategists believe it is increasingly unlikely authorities will allow the country to leave the euro
Stressed VAR will hit FX options, dealers warn
Certain forex options and exotics penalised by Basel 2.5, including emerging market currencies and double no-touches
Trading places, August 27, 2012
New appointments at Nomura, Rule Financial and DTCC, while HSBC loses a salesman
HSBC hires from Deutsche to fill hedge fund sales role
Appointment is the latest in a series of hedge fund sales moves after JP Morgan hired Michael Spencer from HSBC earlier this year
Relief for dealers as Basel reins in capital for cleared trades
Basel Committee addresses long-standing complaints over default fund exposures and client clearing
FXSpotStream gathers pace with start of production trading
Start-up FX price-aggregation service is gaining increasing traction with clients, say liquidity providers
Best liquidity management system: smartTrade Technologies
SmartTrade Technologies wins the e-FX award for best liquidity management system, having gained increasing traction in the FX market with a number of large clients