Currency
Digital Vega launches multibank FX options trading platform
LONDON - Digital Vega has become one of the first vendors to fill a gap in the market for a multi-bank forex options trading platform, with the launch of Medusa last week.
Trading Places, November 22, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
Société Générale pushes Alpha FX
Société Générale has begun mass marketing of its in-house developed electronic trading platform, Alpha FX, as it phases out First Access, its Currenex white-labelled platform.
Pension funds boost investment in FX
Pension funds are increasingly investing in FX as an asset class, said Thanos Papasavvas, head of currency management at Investec Asset Management, at last Tuesday's (November 16) FX Week Europe conference in London.
Signs of dollar weakness
Divyang Shah, strategist at Thomson Reuters IFR Markets, winner of the FX Week Best Bank award for FX strategy and research, shares his views on broad-based dollar weakness
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.
RBS bucks downward FX trend
Royal Bank of Scotland (RBS) bucked the downward FX trend among dealers, reporting its first year-on-year rise in revenues in 2010 from its currencies and commodities division in the third quarter.
In Brief, November 8, 2010
Read this week's In Brief to stock up on the latest technology news around the FX world.
CLS to double input capacity by year-end
CLS plans to double the capacity of its trade notification gateway by year-end, which will prevent a repeat of the backlog that emerged from the May 6 spike in trade, officials tell FX Week.
Hong Kong will not abandon dollar peg: HKMA’s Chan
Hong Kong Monetary Authority chief executive Norman Chan says central bank will maintain dollar peg
Battle of the currencies
Authorities around the globe remain vigilant against hot money
Lane takes top sales role at BAML in Australia
SYDNEY – Bank of America Merrill Lynch is building out forex coverage of the Australian market with a key sales hire in Sydney.
Aspen Trading takes bullish position on the dollar
Aspen Trading (Aspen) has topped the three-month currency forecast rankings and made a top-five appearance in the one-month poll this week, based on a consistent dollar-bullish position.
CFTC starts SEF regulation discussions
WASHINGTON, DC - The Commodity Futures Trading Commission’s (CFTC’s) Technical Advisory Committee began to lay the groundwork for rules that will eventually govern swap execution facilities (SEFs) last week (October 12) citing concerns over the new…
RBS bounces back with hire of new options head
LONDON - Richard Fawcett has joined Royal Bank of Scotland as global head of foreign exchange options in London.
Garwood returns to sell-side
LONDON - Lloyds TSB has hired UBS veteran Rob Garwood as its new head of global FX sales to strengthen its UK sales team in London.
ANZ revamps e-FX with Progress
MELBOURNE & SYDNEY – Australia and New Zealand Banking Group (ANZ) is in the midst of a multi-phase project to revamp its electronic foreign exchange infrastructure using the Progress Apama FX Aggregation Accelerator platform from Progress Software.
All eyes are on Asia
With all eyes focused on exchange rate policy, this year’s FX Week Asia congress could not be better timed.
Banks announce renminbi product firsts
HONG KONG & DUBAI – HSBC and Standard Chartered announced a number of firsts last week, as they try to take a lead role in the growth of the offshore renminbi market.
Analysts hit back at currency war claims
WASHINGTON, DC - Analysts are hitting back at claims that a currency war is emerging, while exposing risks associated with international co-ordination on exchange rate policy mooted to prevent a drift towards unilateralism.
Banks build strategy in US and UK
NEW YORK & LONDON – Barclays Capital, Citi and Nomura have bolstered their strategy teams through a series of new hires on both sides of the Atlantic.
HSBC FXPB preps Asia push
HONG KONG - HSBC plans to extend FX prime services to the Asian markets as it looks to take advantage of rising demand for prime brokerage in the region.
Yield strategy comes up trumps in September
Carry traders would have been the top performers among currency managers in September, indicates research from the Royal Bank of Scotland.
Larger brokers hit by retail regulations
It turns out that the sweeping regulations hitting the retail forex market are singling out not only the smaller shops, but also the larger players, such as Swiss broker Advanced Currency Markets (ACM).