Foreign exchange
An analysis of options techniques
NEW YORK – John McAuliffe, managing director, foreign exchange options at Bank of Montreal Capital Markets, gave a framework and approach for analysing FX option structuring and trade-flow information.
Citigroup reorg for forex
NEW YORK – Citigroup has made a number of changes to FX senior management and taken on staff, as it seeks to increase its market share.
Downward move for greenback is inevitable, says EPI's Bernstein
NEW YORK – US economic instability, lack of household saving and demand for dollars from Asia are just some of the reasons the greenback will continue to face an uncertain future.
The Chinese way
A lot has happened in China since its accession to the WTO in 2001. Arnie Papp, general manager for Asia-Pacific at Calypso, explains the effect the changes have had on FX in the region
Integral completes forex trading offering
MOUNTAIN VIEW, CALIFORNIA – Integral, the US technology vendor, has launched FX Inside Plus to streamline and automate the entire foreign exchange trading process, from origination to distribution.
Conference vendor news
This year's New York event has more vendors than ever. Here we present a quick guide to what some of them will be promoting
BrewerFX partners with Learn: Forex
CHICAGO – BrewerFX, a subsidiary of wealth management firm Brewer Investment Group, has selected Learn:Forex, the US-based FX learning institute, as its exclusive partner for managed FX trading and FX education.
UBS move to Zurich sparks first departures
ZURICH & LONDON – UBS's decision to exit London and move to Zurich has led to the first departures at the bank.
Electronic FX talent must be rewarded
This week sees the e-FX awards handed out to the best and brightest in the industry. I can't give a sneak preview of the winners as they will be revealed on Tuesday and covered in next week's issue. However, I'd like to share some observations that the…
Trading tech spending to exceed £3bn in UK
LONDON – Trading technology spending by UK financial institutions is set to rise above £3 billion per year, according to a dealing room survey from advisory and consulting company Kimsey Consulting.
CME volumes up in Q2
CHICAGO – Volumes for FX products at the Chicago Mercantile Exchange (CME) were up 42% in the second quarter versus the same period a year ago.
FX Week USA: the future in one day
This year's FX Week USA conference looks set to be the best yet. Now in its third year, the event will host senior speakers from across the industry. There will be a keynote address from Peter Borish, chief executive of Twinfields Capital Management,…
CME takes Swapstream for $15m
CHICAGO – The Chicago Mercantile Exchange (CME) is acquiring multi-dealer interest rate swaps trading platform Swapstream for $15 million.
HSBC realigns FX in US
NEW YORK – HSBC has re-aligned forex management in New York amid broader changes for its US operations.
Eurobase signs software deal with StanChart
LONDON – Eurobase Banking Solutions and Standard Chartered Bank have signed a deal where the latter uses Siena XML Gateway to manage FX price-streaming to additional e-FX trading portals.
Ex-NAB traders jailed
MELBOURNE – The final chapter of the National Australia Bank (NAB) trading scandal unearthed in 2004 closed last week, with the last two forex options traders jailed.
AXA IM adds currency management team
LONDON – AXA Investment Managers (AXA IM) is building up its FX capabilities with a new currency management team in London.
Saxo hires sales trio in London
LONDON – Saxo Bank has continued its recent aggressive hiring spree by adding three new faces to it institutional sales team in London.
A brave new world for foreign exchange?
Talk of a new platform being launched by Lava and the CME/Reuters joint venture makes it feel as if the FX market is about to experience a revolution similar to that which it saw at the start of the millenium.
Asia Pacific: Korean agency to manage $17bn of forex reserves
SEOUL – Korea Investment Corporation (KIC) signed a contract with the central bank of Korea last week to invest $17 billion of the country's foreign exchange reserves, according to the KIC.
Getting ahead in algo trading
LONDON – Progress Software, the technology vendor, has published a guide for the buy-side on how to get ahead in algorithmic trading in FX and other asset classes.
Harnessing e-FX benefits
FXall's Mark Warms, general manager, Europe, says treasuries should consolidate their trading functions.Platforms can help them do this, but flexibility is needed
CMS updates VT Trader
NEW YORK – Online currency-trading firm CMS Forex has introduced a new version of its chart-based platform, VT Trader, with 100+ tools and technical indicators, enhanced charting and more customisable options.
E-FX luring bank talent
LONDON – Players in the e-FX space are luring talent from traditional banks as the e-forex landscape evolves, according to market participants.