Canada
FX volumes rebound in London and New York
Semi-annual surveys of seven major central banks show FX activity in the US and UK rising by 7%
Monex Europe: bearish dollar outlook continues
But analysts are looking out for potential upside risks in US rates and inflation
Central banks establish GFXC to monitor Global Code's progress
Public and private-sector partnership will include 16 central bank reps; Salmon as first chair and Puth as vice-chair
Toronto becomes first RMB hub in Americas
Canada is the eighth country to do a currency trading deal with China as the renminbi's internationalisation gathers pace
Canadian FX committee chair retires
Donna Howard has retired from her role as CFEC chair and adviser to the governor of the Bank of Canada as Paul Chilcott takes over as CFEC chair
Bank of Montreal's strategy team awaits the taper tantrum
The imminent tapering of US quantitative easing will cause further weakness in the Canadian dollar in 2014, says Greg Anderson, BMO's new head of FX strategy
Molten Markets appoints COO from State Street
John Vause ends more than 13 years at State Street to head operations at the new vendor
US volumes dive after Sandy hits FX survey data
Average daily FX volume fell again in the US, UK and Canada in October 2012, but the fall was sharpest in the US, partly due to the effects of Hurricane Sandy
BMO holds Canadian dollar award for second year running
Bank of Montreal has been at the forefront of efforts to capitalise on the rising international interest in the Canadian dollar
Currency cliff-hedging
Imran Ahmad, emerging markets FX strategist at Royal Bank of Scotland in London, suggests a hedge against slowing US growth next year in the absence of a quick resolution to the US economy's fiscal issues.
Bank of Montreal adds FX strategy head in London
Audrey Childe-Freeman has joined BMO Capital Markets in London as head of FX strategy
FX spot volumes in decline, survey results reveal
Average trading volumes in the spot market fell across all major FX centres in April, according to turnover survey results
Canadian banks remain bullish, despite CAD weakness
While the Canadian dollar weakened significantly during May, banks believe there is still strong demand for the currency
Technology and advisory tops agenda for BMO’s new FX head
Delivering the right blend of technology for vanilla products and advisory for complex products is at the core of CJ Gavsie’s strategy in his new role as Bank of Montreal’s global head of FX products
Trade repositories consider connectivity options
With multiple trade repositories appearing in a number of asset classes, including foreign exchange, market participants are considering how competing repositories should collaborate to avoid data inconsistency. Chiara Albanese reports
Canada clearing paper will not address CCP location question
A consultation on OTC clearing is expected in the coming months, but a key question will not be answered
Gavsie to replace Thorsen as BMO’s FX chief
CJ Gavsie will become head of FX products on March 31, following the retirement of Jamie Thorsen
Ben Homsy departs JP Morgan
Head of European hedge fund sales is relocating from London to Canada for personal reasons
RBC to roll out cross-asset e-trading platform
RBC DX will replace incumbent platform and cover FX, fixed income, money markets and deposits, officials tell FX Week
London retains premier spot in FX, according to global volume figures
London remained the biggest financial centre for foreign exchange in 2010 according to semi-annual volume figures published in the UK and US on January 31, despite speculation it might be overtaken as a result of the UK government’s clampdown on bonuses.
Critics hit back at cross-border bank levy
Critics are hitting back at plans to introduce a bank levy on UK dealers, highlighting the challenges of implementing the cross-border charge.
OECD warns on global slowdown
G-7 growth set to slow to 1.5% in the second half of the year; chief economist advocates more QE if slowdown does become entrenched
BMo shakes up London FX
LONDON - Bank of Montreal Capital Markets (BMo) has reorganised its FX business, seeing the return of Lorne Gavsie, managing director in FX, to Toronto from London.