Foreign exchange
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
Renminbi will be fully convertible by 2015, says RBS
Analysts at Royal Bank of Scotland believe Chinese authorities have set themselves an implicit goal to make renminbi fully convertible within three years
Are currency managers adding value?
Latest edition of FX Invest now available
Treesdale launches emerging markets global macro hedge fund
Treesdale Partners has launched an emerging markets-focused global macro hedge fund managed by Tiger alumnus Yoon Chang and ex-Barclays trader Ashley Honey
FX Concepts acquires Track research business
Track.com chief executive Robert Savage is to become chief strategist at FX Concepts as he acknowledges the challenges of selling research independently
SmartTrade plans upgrade to LiquidityFX aggregation tool
Liquidity management technology vendor will add several new functions to its new aggregation system by the end of this year
Credit to remain a dominant theme in FX, says Traiana’s Coyne
Closer scrutiny of credit relationships has become a major trend in the FX market, leading to initiatives such as the Kill Switch, which has already been used to shut off the activity of a prime broker’s client, reveals Traiana chief executive Andrew…