Foreign exchange
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
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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…
Currency cliff-hedging
Imran Ahmad, emerging markets FX strategist at Royal Bank of Scotland in London, suggests a hedge against slowing US growth next year in the absence of a quick resolution to the US economy's fiscal issues.
EBS adds to product team with senior hire
Eisso VanderMeulen joins Icap in New York to work on EBS product development
FX committees prepare for platform proliferation
Monitoring trading volumes in the foreign exchange market is an important priority for the central bank-sponsored FX committees, but if liquidity fragments across a handful of new trading platforms, could that analysis become more difficult? Miriam Siers…
Euro will continue to rise, says HSBC
HSBC's bullish view on the euro - which it continues to hold in its current forecasts - lands the bank at the top of the one-month forecast rankings
FX futures and options volumes soar on CME
While volumes are down year-on-year, September has seen a number of record days on CME Group, particularly in currencies such as the Canadian and Australian dollars and the Mexican peso
QE3 sparks widespread dollar bearishness
The US dollar fell against most major currencies following the announcement of QE3 on September 13, but market participants are lukewarm on the likelihood of its success
Caplin unveils new development environment for bank platforms
Caplin Systems is launching a new development environment based on HTML5, which it believes will allow banks to build more effective single-dealer platforms
Barclays upgrades Oasis FX analytics tool
Enhanced version of Oasis includes a new charting, analysis and back-testing tool, known as Atlas
Insight Investment to acquire currency manager Pareto
Pareto Investment Management will become part of the Insight group from January 2013
Russia’s Troika Dialog hires e-FX head
Peter Holowka joins the Russian bank in London, having previously been global head of electronic commerce at UniCredit
Who picks up the tab for regulation costs?
Many buy-side firms expect their banks to absorb the costs associated with clearing and reporting of non-deliverable forwards and eventually forex options. But banks have other ideas, with some already quantifying fairly substantial hikes in…
Credit Suisse overhauls single-dealer platform
Credit Suisse Plus, the Swiss bank's new fixed-income platform, will be rolled out to clients over the coming year, says newly appointed head of electronic sales
Swiss franc expected to retrace its fall as ECB news sinks in
The euro rallied against the Swiss franc for the first time in six months after yesterday’s announcement of new measures from the ECB, but FX strategists expect it to fall back towards 1.20
SNB's continuing resolve drives creativity among Swissie traders
A year after the Swiss National Bank imposed a 1.20 floor on EUR/CHF to stem the appreciation of the Swiss franc, the minimum rate remains in place, driving traders to seek new ways to trade a currency afflicted by low volatility. Miriam Siers reports
EBS reversal on decimals brings relief among traders
Just 18 months after EBS moved to decimalised pricing on major currency pairs, senior bank traders have expressed relief that Icap will return to full pips and half pips later this month
SG CIB expands in FX sales with string of hires
Société Générale CIB has made four appointments to its FX sales team in London, while ex-FXall Keith Hill has joined the bank this week to head e-FX
Deutsche creates cross-asset platforms business under Amrolia
Deutsche Bank's Zar Amrolia runs a new business focused on electronic platforms across fixed income, while Kevin Rodgers has stepped up to become global head of FX
The platforms of 2012: Gain GTX
Two-and-a-half years after its launch as a subsidiary of Gain Capital, the GTX platform is gathering steam and now trades average daily volumes of up to $8 billion. In the latest in a series of articles assessing the challenges facing new and existing…