Currency
UBS FICC revenues up in Q1
ZURICH – UBS experienced improving data from its fixed income, currencies and commodities (FICC) business in the first quarter, largely benefiting from a turnaround in the credit business.
FXCM to buy ODL Securities
FXCM is acquiring troubled online trading company ODL Securities, pending a final due diligence review and regulatory approval.
Brazil raises intervention stakes
Nick Chamie of Royal Bank of Canada in Toronto reports on Brazil’s stance on intervention, as relayed by its finance minster at the Brazil Summit in April, and predicts how this will affect the real
Bilateral collateral agreements up in 2010
SAN FRANCISCO - Bilateral collateral agreements make up 83% of all collateral agreements in circulation in the over-the-counter derivatives market this year, versus 75% last year, according to a survey by the International Swaps and Derivatives…
High-frequency trading will be 40% of market by 2012
BOSTON - High-frequency traders could win from the introduction of central clearing in over-the-counter markets, according to research by Boston-based consultancy Aite Group released last week (April 26).
Progress releases single-bank portal FX adapter
NEW YORK - Complex event processing (CEP) platform vendor Progress Apama has introduced a suite of single-bank portal adapters for its Apama Capital Markets Framework, which are available today (May 3).
Euro crisis sparks record e-trading
LONDON & CHICAGO - Heightened concerns over the contagion risks of the Greek fiscal crisis to periphery economies last week led to record trading days on electronic trading systems.
TXC live with Tokyo co-location facility
TOKYO – Trading Cross Connect (TXC) went live with its Tokyo co-location facility on April 15, using a network and data centre solution from Tokyo-headquartered KVH.
ETF Securities: Listed currency products in demand
LONDON – ETF Securities reported assets of $120 million in its currency-linked exchange-traded portfolio as of April 23, signalling increased demand for these products.
Parker FX: Discretionary approach gets better returns in March
STAMFORD, CT – The Parker FX Index reported a 0.78% return for the month of March, when the US dollar continued to appreciate relative to the majors, with the DXY Index gaining 0.62%.
CME posts record euro FX volumes
CME posted a record trading day for euro FX products with a total $98.2 billion traded yesterday, as S&P downgraded Greek debt to junk status.
Clients drive cross-asset trading
LONDON - Increased demand for cross-asset trading by hedge funds and asset managers will force the merger of foreign exchange and derivatives businesses, according to panellists at the FX Week webinar, FX technology arms race: the battle for market share…
Banks widen scope of IT budgets
Speakers at the FX Week webinar, FX technology arms race: the battle for market share, last Tuesday (April 20) covered a wide range of issues facing the industry post-crisis, including regulation, customers' increased demands and post-trade processing.
FXall to release pre- and post-trade data analytics
NEW YORK - Foreign exchange electronic communications network (ECN) operator FXall plans to introduce a set of pre- and post-trade analytics based on the trading trends officials observe within the firm’s trading platforms.
CME speeds up product identification
CHICAGO – CME Group will release version 2.0 of its Fix/Fast market data messaging format in June, which aims to make it easier for user firms’ data and trading systems to identify updates for specific traded products among messages distributed by the…
What the global power shift means for FX
A reoccurring theme prevailing among the buy side is the implications of a shift in power from the developed markets to the emerging economies.
Experts divided over central bank intervention
TORONTO - There were mixed views on the central bank intervention in currency markets seen since the crisis among speakers at the FX Invest North America congress in Toronto last Tuesday.
BarCap launches onshore rates and FX trading in Australia
SYDNEY - Barclays Capital has launched onshore trading in rates and foreign exchange in Sydney, as part of plans to expand its domestic and regional presence.
Data availability lags behind market growth
TORONTO - Limitations on the availability of market data is one of the biggest challenges to growing buy-side volumes, said speakers at the FX Invest North America congress in Toronto last Tuesday (April 13).
Tactics come to fore amid heightened intervention
TORONTO - The increasing politicisation of currencies is forcing currency managers to operate more tactically, said speakers at the FX Invest North America congress in Toronto last Tuesday (April 13).
Bank of Canada salutes CLS
TORONTO - Bank of Canada became the latest monetary authority to publicly champion the success of industry utility CLS in ensuring the smooth operation of the foreign exchange market during the financial crisis.
Sterling staid but skewed
The most likely outcome for sterling is a modest appreciation from current levels, reflecting an ongoing recovery in the UK economy and the likelihood of Bank of England tightening into the end of 2010.
DGCX adds three currency futures
DUBAI - The Dubai Gold and Commodities Exchange (DGCX) will launch three additional currency futures contracts in June, to take advantage of the growth momentum in incumbent products.