Foreign exchange
Wells Fargo beefs up in FX e-commerce
Wells Fargo recently completed the implementation of a new pricing platform developed by Integral. Robert Mackenzie Smith talks to head of FX e-commerce Stephen Godfrey about the bank's e-FX capabilities
CLS aims to double currency coverage by 2022
New chief executive David Puth answers the pressure on CLS to add to its 17 currencies by setting a goal of doubling its coverage over the next 10 years
Spotlight on: David Puth, CLS
As newly appointed chief executive of CLS, FX industry veteran David Puth has a job on his hands to expand and improve the utility’s capabilities, currencies and participation to take it to where regulators and the industry need it to be. In his first…
Banks welcome Ice Link’s selection of Traiana to expand into FX
Traiana's network of banks, clearing houses and buy-side firms in the FX market will enable Ice Link to quickly expand from CDS middleware into forex
Foreign exchange ticks all the boxes, says StanChart markets chief
Forex is becoming the most-sought after asset class for a markets business due to its high return on equity and clear demand, says Lenny Feder, Standard Chartered's head of financial markets
Basel and Iosco under pressure to exclude FX from margin rules
Industry response to proposals released in July on margin for uncleared swaps put pressure on regulators to carve out FX swaps and forwards
CLS: the 10-year-old man in the middle
Ten years on from launch, CLS has come to occupy a unique and systemically important position in the global FX market. In the first of a two-part series, chairman Gerard Hartsink talks to Kathy Alys about CLS’s highs and lows in a decade as the market’s …
Currency focus: Danish krone
The Danish krone's peg to the euro has been key to the success of the economy over the past 30 years, but how would a eurozone collapse affect the currency? Robert Mackenzie Smith reports
VIDEO: Saxo Bank Euro Focus
A short video highlighting euro risks around the October 18-19 EU summit
HSBC launches algo carry index
The Global FX Carry Index, launched by HSBC yesterday, considers 32 currencies for investment, including G-10 and emerging markets
Concerns raised over Basel settlement risk guidance as consultation closes
The revised guidance on managing settlement risk could distort the FX market if implemented inconsistently, but should ultimately lead to greater use of CLS, say market participants
Ex-SocGen head trader joins Infinium
Richard Bailey, SG CIB's former head of global FX trading has joined Infinium Capital Management as head of FX options trading
JP Morgan promotes Mirza in management reshuffle
Kayhan Mirza and Kemal Askar handed new roles as part of an internal reshuffle
EBS appoints liquidity management head
Gil Mandelzis continues the restructuring of EBS's management team with the appointment of Ben Tobin as director of liquidity management
FTSE Cürex index series adds CNH pairs
The jointly launched foreign exchange index series announced in June has added seven new offshore renminbi pairs to its benchmark as it anticipates growing demand from its clients in Asia
Central bank intervention weighs on investor sentiment
FX strategists expect continued uncertainty for major currencies in the fourth quarter as a result of central bank intervention
Banks struggle to build FX as liquidity slows
Falling levels of FX activity, particularly among institutional clients, have made it difficult for banks – particularly the newer entrants – to beef up their forex businesses,
Celebrating in style
As CLS, Saxo Bank and FXall celebrate anniversaries of varying significance, FX Week unveils the launch of its new iPad and tablet edition
Flying in the dark
Robert Savage, chief executive of Track.com, looks at the recent weakness of the US dollar and places his bets for the fourth quarter
BNP Paribas on winning streak with bullish euro forecast
The French bank’s forecast of euro strength has landed it at the top of the one-month forecast rankings for the fourth time in five weeks
Platform volumes rise modestly in September
FX spot volumes were up on EBS, Reuters and FXall in September compared to August, though volumes were still significantly down year-on-year on both EBS and Thomson Reuters
FX sales co-head leaves HSBC
Robbert Sijbrandij has left HSBC to spend time with his family in Switzerland, having joined the bank in August 2010
VIDEO: Saxo Bank G-10 Currency Market Outlook
An overview of currency markets into the fourth quarter and new year
Currency managers speak out on currency risk, safe havens, regulation and China
Saima Farooqi asks four industry experts to describe their experiences during 2012, and what they are looking forward to in 2013