South Africa
FX Focus - EM currency markets face fragmented 2014
Emerging markets were rattled by the Federal Reserve’s talk of tapering its quantitative easing programme in 2013. Will 2014 see more of the same? Or will emerging market currencies dance to a different tune?
EM currencies set for extended rout, say analysts
Current account deficits set to keep EM currencies under pressure
Standard Bank scoops inaugural rand award
A focus on market-making into as many liquidity pools as possible has won Standard Bank recognition as best bank for the South African rand
Footprint in Africa leads to diverse liquidity, says Standard Bank's Richard de Roos
Richard de Roos, head of FX at Standard Bank, talks about the South African bank's new single-dealer platform and the challenges of predicting currency trends in sub-Saharan Africa
CLS faces uphill battle to meet currency expansion targets
FX settlement system aims to add another 17 currencies within 10 years, but some caution that CLS membership doesn't make economic sense for certain emerging market currencies
Standard Bank continues e-commerce build with Caplin Trader
The implementation of a new single-dealer platform at Standard Bank will initially cover FX and precious metals, across spot, forwards, swaps and orders
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.
Best e-FX platform for corporates: Absa Capital
South African investment bank Absa Capital last year white-labelled Barclays technology to develop the Pace single-bank FX platform, which wins this new category in the e-FX awards
South Africa’s Rand Merchant Bank goes live on TraderTools
The implementation of the technology vendor’s liquidity management platform has been completed in record time and is proving very effective, says senior trader
Cyprus becomes latest stop in Saxo’s global expansion
Saxo Bank is continuing its move into new markets with the opening of a Cyprus office today, headed up by Vitali Butbaev
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
Saxo continues global expansion with SA office
Saxo is now targeting growth in the Middle East and South America, following its Johannesburg launch this week
Saxo takes mobile trading to new heights
Danish bank engineers the execution of a eurodollar trade on a mobile device during a base jump, as part of a new advertising campaign
ClientKnowledge wins over Standard Bank with LMS
South African bank Standard Bank went live with ClientKnowledge’s liquidity management system (LMS) for its FX spot business in August, it announced last week.
Standard Bank targets retail FX
JOHANNESBURG - Standard Bank is expanding its electronic product range with the launch of a retail forex trading platform white-labelled from New York-based retail trading company Gain Capital last Thursday (June 10).
Sarb points to pitfalls of exchange rate rigidity
South African Reserve Bank keeps rates flat as inflation outlook remains steady, adviser says exchange rates an important policy tool