Asia
ADB economist moots idea of common currency in Asia
Principal economist at Asian Development Bank says common currency possible in ‘long run’; panellists outline possibilities for greater Asian economic integration
Diverse netting approaches create OTC headache
A lack of legal statutes over netting in several Asian countries means OTC trades could become prohibitively expensive in a post-Basel III world, potentially pushing international banks out of some markets in the region
Spotlight on: Beng-Hong Lee, Deutsche Bank
Deutsche’s head of offshore renminbi in Shanghai talks to Joel Clark about his role in leading the bank’s efforts in the new currency, and where he believes the biggest opportunities and challenges lie
Keeping clear of euro fear
In today’s climate of euro uncertainty and policy risks, Merk Investments says to avoid crowded trades, writes Saima Farooqi
FX Week China: RMB internationalisation will take time
Significant progress has been made since 2010 in opening up renminbi to international participants, but it has to be done gradually, say speakers at FX Week China
FX Week China: Asia not immune to euro crisis spillover, warns IMF
"Home-grown vulnerabilities" could be a threat to Asian countries, including China, says IMF official at FX Week China event
ANZ pushes local presence across Asia
The Australian bank would like to become a top-five player in Asian currencies within three years, says global head of FX and commodities Eddie Listorti
Aussie banks join e-FX arms race
Ramping up single-dealer platforms and connectivity to multibank portals is a key priority for Australian banks, as they seek to ensure their forex business is not poached by global banks with superior technology
Moving up from down under
Following his recent appointment as global head of FX at Commonwealth Bank of Australia, Kieran Salter talks to Robert Mackenzie Smith about his mission to ensure the bank’s FX capabilities are globally recognised, and the major technology overhaul the…
DTCC expands repository footprint into Asia
The DTCC this week unveiled a data centre in Asia to support global reporting but the October launch of its FX repository may slip as a result of CFTC delays, the firm has warned
Oanda promotes Asia head to CEO
K Duker, head of Oanda's Asia-Pacific division, is to relocate to Toronto to succeed Michael Stumm as chief executive
Tradition-Icap hires business development head for Asia
Tim Johnson has joined Tradition-Icap from SurfacExchange, and will report to Terry Benson
VIDEO: Euro outlook amid Greek exit fears
John Hardy, global head of FX strategy at Saxo Bank in London, looks at the implications of a Greek exit from the euro.
GFI targets generalist salespeople with latest Fenics release
Version 12.2 of Fenics Professional, launched earlier this week, aims to make the system more accessible to non-specialist salespeople
Saxo turns in 6% income growth, despite tough Q4
Annual results for 2011 reveal a 4% fall in net profit, but Saxo claims that is due to a 12% increase in staff and admin costs to support expansion
CLS appoints general manager for Asia-Pacific
Makoto Miyazaki joined CLS in Tokyo yesterday, replacing Kiyoshi Morofushi
Aussie dollar is overvalued, says UBS Asset Management
Despite the strong performance of the Australian economy, the Aussie dollar is overvalued to "an extreme level", according to Jonathan Davies
Spotlight on: Bill Goodbody, Hotspot FX
The institutional trading platform's business manager talks to Melanie White about the recent expansion of its client base into the banking sector, and plans to grow in Europe and Asia
Ex-MF Global broking head appointed CEO of Saxo Australia
Anthony Griffin is appointed chief executive of Saxo Bank's newly opened operation in Sydney
Battle for clearing supremacy
Singapore Exchange (SGX) became the first of the major clearers to launch an OTC Asian FX forwards clearing business in October. But with bank-backed LCH.Clearnet and the CME hot on its heels with a non-deliverable forwards offering, can SGX maintain its…
StanChart scoops double whammy for Asia-Pac
Asian bank picks up awards for FX in Asia-Pacific and for emerging Asian currencies, up from second place in both categories last year
FX sales focus: Banks go multi-asset in growth markets
Both top-tier and second-tier banks opt for dedicated FX sales forces in locations where they have a large presence, but tend to go multi-asset in countries where they are seeking to grow
Private investor demand for FX on the rise, say managers
Volatility in major currency pairs and concerns over the US dollar have led to an up-tick in demand for FX exposure from high-net-worth individuals, according to several currency managers