Morgan Stanley
Unlocking alpha from currency managers through multi-manager platforms
Forex allocations are getting larger for many pension funds and asset managers, but accessing currency funds can be difficult. Two new currency manager platforms hope to grow the investor base by making access easier. By Michael Marray
FX Invest December 2011 edition now LIVE!
With no real solution in sight for the eurozone sovereign debt crisis, volatility of volatility in currency markets is likely to remain elevated, driving up requirements to manage currency exposures in international portfolios.
Intervention won't weaken the yen, says Morgan Stanley
Strategists at the US bank took a view in October that the yen would continue to strengthen, landing it at the top of the one-month forecast rankings
Morgan Stanley Smith Barney increases managed futures allocation
Managed futures have low correlation to markets and perform well in difficult times, says MSSB. Choppy markets and frequent trend reversals created a difficult environment for the strategy this year.
Head of spot FX trading leaves Lloyds
Kelvin Jouhar, head of spot trading, and Hetal Patel, senior G-10 trader, leave the bank after their roles are made redundant
Trading places, October 31, 2011
New appointments at Citi, Caplin and the CFTC, while Saxo promotes Missonnier to run new Brussels office
FX Week Asia: Options clearing on hold, prime brokers confirm
FX clearing will be restricted to non-deliverable forwards as US authorities discuss whether settlement risk can be properly managed for cleared FX options, according to speakers at the FX Week Asia conference in Singapore
Morgan Stanley multi-manager platform goes head-to-head with Deutsche and Citi
FX Gateway, launched this week, will leverage Morgan Stanley’s prime-brokerage and distribution capabilities and give institutional investors direct access to up to 20 currency managers
e-FX success hinges on user experience as much as pricing, say banks
Lloyds Bank Corporate Markets became the newest entrant to the e-commerce space earlier this month with the launch of its Arena platform. Miriam Siers talks to banks and technology firms to find out what differentiates platforms in this competitive space
Central banks take aim at dollar-funding shortage
Co-ordinated action from five central banks eases the pressure on dollar funding for European banks, but EUR/USD cross-currency basis swap market remains under stress
BNP Paribas confirms research appointments
Saywell and Attrill will head FX strategy in Europe and North America respectively, following departures earlier in the year
Trading Places, July 11, 2011
Departures from BAML, Morgan Stanley and Deutsche Bank over the past week
Banks and ECNs join forces to prevent FX flash crash
Citi, JP Morgan and Morgan Stanley join Deutsche Bank on Traiana's enhanced CreditLink service
Three CCPs per asset class optimal, say market structure experts
IntercontinentalExchange representative declines to comment on the possibility it will compete with CME and LCH.Clearnet in FX clearing
Silver quits Morgan Stanley for Deutsche
Co-head of North American FX sales to begin senior sales role at Deutsche Bank in September
Quintela to head distribution for new Morgan Stanley platform
Executive director joins from UBS in London
Buy side urged to avoid stampede to CCPs
Panel participants encourage buy-side firms to engage with CCPs early to avoid a last-minute rush
BNP Paribas loses emerging markets strategist
Gruie departure follows that of Redeker and Stannard earlier this year
Morgan Stanley downplayed market sensitivity to European peripheral crisis
Currency markets have become less reactive to the European peripheral crisis and more correlated to growth prospects
Closing the FX gender gap
As in much of the financial services sector, the upper echelons of the foreign exchange industry are male-dominated, but a number of market participants say opportunities for women are improving, particularly at the graduate level. Chiara Albanese reports