Foreign exchange
Platforms adopt algorithmic trading
NEW YORK – Algorithmic trading continues to gather momentum, with trading platforms EBS and Hotspot FXi linking to software provider Progress Software Corporation's Apama Algorithmic trading software.
The first to Connect
In the penultimate platform focus, FX Week assesses the prospects of pioneering platform FX Connect
Platforms adopt algorithmic trading
NEW YORK – Algorithmic trading continues to gather momentum, with trading platforms EBS and Hotspot FXi linking to software provider Progress Software Corporation's Apama Algorithmic trading software.
Banks risk US regulatory backlash
NEW YORK – FX banks could face a regulatory backlash in the US for the mis-selling of FX products by retail brokers, warn market players.
Major banks to pilot SwiftNet TSU
COPENHAGEN – Swift announced that 13 major trade banks have signed on to pilot the SwiftNet Trade Services Utility (TSU) solution.
Corporate customers 'unhappy with bank service' – SAP boss
COPENHAGEN – Corporate customers are dissatisfied with current levels of service from their banks, said Léo Apotheker, president of global field operations at technology vendor SAP at the 2005 Sibos conference held last week.
Hedging rupee currency pairs
The global markets team at ICICI Bank in Mumbai suggests ways for Indian corporates to hedge against volatility in the Indian rupee currency pairs.
Sibos 2005: transformation is key
COPENHAGEN - The theme of this week's four-day Sibos 2005 conference in Copenhagen is 'Transformation'. Visitors will be offered a wide array of plenary, special interest and main conference assemblies.
360T moves beyond home territory
The fourth interbank platform profile sees Germany's 360T looking to expand
Don't fall behind, use the REER
The real effective exchange rate holds the key to how the government can manage damaging rupee fluctuation, according to Kotak Mahindra Bank's Treasury Solutions team in India
Credit Suisse launches back-office outsourcing service
LONDON AND ZURICH - Credit Suisse has launched a back-office outsourcing service for banks and corporates.
UBS's corp sales head to depart
SYDNEY AND LONDON - UBS has undergone major changes in foreign exchange globally, with a change to the global head of corporate FX and a promotion in the structuring group.
RBS offers multiple FX pricing
LONDON – The Royal Bank of Scotland (RBS) is extending its swaps and forwards capabilities by offering prices on multiple platforms. The bank will be live with prices for swaps and forwards on Currenex in coming weeks, on a request-for-quote (RFQ) basis.
Hong Leong Bank deploys BT voice-trading technology
Hong Leong Bank has implemented BT's ITS.Netrix voice-trading technology at its Kuala Lumpur dealing room.
Global FX sales reorg at Deutsche
LONDON & NEW YORK – Deutsche Bank has made changes to senior management in its global FX sales team following the retirement of global head of FX sales Dan Almeida last month.
The technology to succeed
In-house technology will drive volumes and profit, says Charles Marston, chief executive officer at Calypso in San Francisco
Heading for the final USD selling opportunity
Hans-Guenther Redeker, global head of FX strategy at BNP Paribas in London, suggests a way to take advantage of the prospect of near-term dollar strength to protect against the likelihood of longer-term USD weakness.
UK banks storm ahead in forex
LONDON – UK banks are storming ahead in FX, with a strong set of results reported for the first half of the year.
Voting underway for Best Banks Awards
LONDON – Voting for the FX Week Best Banks Awards 2005 got underway last week, with more than 300 votes already having been cast.
Keeping current at Currenex
In the second in a series of interbank profiles, FX Week looks at the prospects of Currenex