United States (US)
Audio: To QE or not to QE, is the only question?
Markets could be sleepwalking into global crisis 2.0 as a third round of quantitative easing becomes increasingly likely, cautions Nick Beecroft, senior markets consultant at Saxo Bank in London.
Dollar weakness: Passing fad or long-term reality?
The weakness of the US dollar has been a dominant theme so far in 2011, with many strategists predicting the currency will remain on a weak footing for some time. Miriam Siers speaks to currency strategists about the prospects for the dollar in the…
BarCap loses emerging markets chief in New York
Barclays Capital has lost its emerging markets trading chief in the US, amid speculation of a replacement.
Pinto returns to Goldman Sachs
Goldman Sachs continues to build in electronic commerce sales in New York.
Integral strengthens sales team new MD
NEW YORK - Bruce Wolf has joined technology vendor Integral as managing director of FX sales in the US.
Christopher Street finds new global head
Steve Janjic has joined Christopher Street Capital as managing director and global head of e-FX sales and distribution in New York.
Trading Places, November 8, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
CME hires from CLS
CME Group has found a new managing director and global head of FX, according to market sources.
Raphaels Bank to go live on ESN in November
LONDON - Raphaels Bank is due to go live with Wall Street System's electronic settlement network (Wallstreet ESN) in the last week of November, as part of efforts to boost its post-trade operations.
Gain acquires CMS retail business as new rules come into force
NEW YORK - Capital Market Services (CMS) has sold its retail forex business to Gain Capital, making it the latest online trading company to exit the market in light of rising costs from increased regulation.
HSBC completes first US cross-border renminbi trade settlement
NEW YORK - HSBC USA completed its first US cross-border renminbi settlement, following the extension of China’s renminbi trade-settlement pilot programme in June.
Emerging markets will fight the flow of capital
Bhanu Baweja, emerging markets strategist at UBS in London, looks at which emerging markets are heading towards capital controls
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
Retail brokers evolve to meet regulation
NEW YORK - Retail brokers in the US continue to shape up internal business practices to abide by best practices introduced by industry regulator the National Futures Association (NFA).
The risks of ongoing imbalances
Pete Luxton, global economic adviser at Informa Global markets in London, looks at the implications of the ongoing external imbalances
Non-banks lead 20% rise in FX turnover
BASEL - The global financial crisis has led to a slowdown in the growth of the foreign exchange markets, with most activity shifting to the investor community from the trade-based flow.
RBS hires in prime brokerage from BarCap
STAMFORD, CT - Royal Bank of Scotland is expanding the Americas coverage of its prime-brokerage business with the hire of Matthew Shuman to its fixed-income, currencies and commodities (FICC) prime brokerage team.
Retail brokers win US leverage battle
The US Commodity Futures Trading Commission (CFTC) buckled to pressure from retail traders by abandoning a proposal to reduce leverage to 10:1 from 100:1, in new rules published last night (August 30).
BNP Paribas enters US retail market via Bank of the West
BNP Paribas is offering market-linked certificates of deposit to US retail investors for the first time through subsidiary Bank of the West
Investors inject $360m of new capital into Asian-focused hedge funds in Q2
Hedge funds in Asia were the recipients of large net asset fund inflows during the second quarter of 2010, reversing the trend witnessed in the first quarter
Gain responds to NFA complaint
BEDMINSTER, NJ - Glenn Stevens, chief executive at New York-based Gain Capital, sent a letter to partners in response to extensive complaints filed against him and the company by US industry regulator the National Futures Association (NFA).
GFT: US dollar set for a fall
GFT topped the one-month currency forecast rankings this week with expectations for the European debt crisis to supersede US fiscal shortcomings as a driver of US dollar moves.
CLS sets new record for daily settlement volumes
NEW YORK - CLS settled a record 1,758,902 sides today (June 1) surpassing the previous record of 1,758,902 sides set on February 16.
Latin America: Looking beyond the correction
Morgan Stanley analysts believe there will be scope for a recovery in emerging market assets once the positioning becomes more balanced – primarily with respect to real-money investors, which will mean a bit of repricing