Tech and data
Asian currencies at risk from oil surge
JAKARTA – Asian currencies have taken a hit from surging oil prices, which remained above $60 last week despite falling off record levels set earlier this month.
The relative merits of zero-premium structures
Zero-premium structures can do a better job as a hedge than a vanilla instrument, when the full cost of insurance is paid. By Kenrick Ramlochan, director, FX analytics and risk advisory at ABN Amro in London
Keeping current at Currenex
In the second in a series of interbank profiles, FX Week looks at the prospects of Currenex
Broker consolidation in the spotlight
LONDON – Consolidation of the broking industry is looming large again, with the unexpected announcement by Collins Stewart Tullett (CST) last week that it had received a number of bids for the company.
Fighting chance for new player
In the first of a series of profiles of the multi-bank portals, FX Week analyses the strengths and weaknesses of the players in this crowded market-place. This week: Lava FX
Ueda Harlow taps Internap
TOKYO – Japanese FX broker Ueda Harlow has selected technology vendor Internap Network Services for internet IP connectivity on its new online FX trading service. Ueda Harlow-FX, launched at the end of June, will use the intelligent routing technology…
Oanda offers a simple option
NEW YORK – Oanda, a US currency trading and information firm, has launched Oanda BoxOption, aimed at simplifying options trading.
Reuters enters post-trade market
LONDON – Reuters is to move into post-trade settlement of FX transactions with the forthcoming launch of its Reuters Trade Notification Service (RTNS).
The tip of the eFX iceberg
GREENWICH, CT – Electronic FX volumes could hit a new wave of growth if the banks behind spot broker EBS' buy-side initiative stay committed, according to research by Greenwich Associates.
Reuters strength driven by FX
LONDON – Reuters' half-yearly results were driven by strong foreign exchange and other trading.
Saxo extends currency offering
COPENHAGEN – Foreign exchange specialist Saxo Bank is set to introduce the new Turkish lira (TRY) onto its platform from next week, in an effort to meet increased demand for trading in the currency.
Asia takes electronic currency route
Electronic currency networks are coming to the fore in Asia as daily trading volumes reach an all-time high, according to Michael Weiner, co-founder and managing partner at CoesFx
Summit scores another in Taiwan
TAIPEI – Taiwanese Far Eastern International Bank (FEIB) has signed Summit Systems, Misys Banking Systems' treasury and capital markets solution, for its STP.
Hotspot FX expands coverage
NEW YORK – Electronic currency network Hotspot FX has added five new currency pairs to cater for a growing client base in the Asia-Pacific time zone.
More volatility for Slovakian unit
BRATISLAVA – The Slovakian koruna is likely to see continued volatility in coming weeks as international banks continue to move in and out of the market, according to traders.
FX Week's e-FX awards 2005
The following is an overview of our annual e-FX awards, as first published in our e-FX supplement.
FXDD launches 'PowerTrader'
NEW YORK – Online trading provider FXDirectDealer (FXDD) has launched an institutional forex trading platform.
eSpeed takes TradeSTP from Logiscope
LONDON – eSpeed is using Logicscope's TradeSTP deal notification software to ease post-transaction trade processing for a number of its FX clients, according to FX market sources. Logicscope officials declined to comment.
EBS joins algorithmic bandwagon
LONDON – FX trading platform EBS is to enable algorithmic trading over its platform as it enhances capabilities to expand the range of services available to the buy side.
Hedging North Asia FX risk
Michael Image, FX structurer in Hong Kong, and Callum Henderson, head of FX strategy in Singapore, at Standard Chartered Bank, look at appropriate hedging strategies such as structured forwards or daily accrual forwards for hedging North Asian currency…