Foreign exchange
ANZ pushes local presence across Asia
The Australian bank would like to become a top-five player in Asian currencies within three years, says global head of FX and commodities Eddie Listorti
Euro exit testing intensifies
Banks and FX market infrastructures are stepping up their efforts to prepare for a possible redenomination of eurozone currencies if Greece is forced to leave the currency union, but some investors would like to see new contracts to protect them from…
Canadian banks remain bullish, despite CAD weakness
While the Canadian dollar weakened significantly during May, banks believe there is still strong demand for the currency
Citi boosts offshore RMB solutions in UK
Citi will offer renminbi accounts domiciled in the UK a part of its launch of cash management and trade solutions for the increasingly international trade in Chinese currency.
FXecosystem hires US salesman
FX sales veteran Robert Dantone will join FXecosystem from FlexTrade on June 1
RMB third top currency for trade finance, says Swift
Value increases in yuan trade finance
smartTrade rolls out hosted liquidity management system
Vendor targets regional banks with hosted price aggregation and smart order routing technology
HKEx to launch RMB futures in Q3
Exchange to add RMB currency derivatives as part of internationalisation process
CBA nears completion of three-year tech overhaul
Commonwealth Bank of Australia recently completed ‘Transforming FX’, a key phase of its technology plan focused on improving the bank’s e-FX capabilities and connectivity with multibank platforms
Moving up from down under
Following his recent appointment as global head of FX at Commonwealth Bank of Australia, Kieran Salter talks to Robert Mackenzie Smith about his mission to ensure the bank’s FX capabilities are globally recognised, and the major technology overhaul the…
DTCC expands repository footprint into Asia
The DTCC this week unveiled a data centre in Asia to support global reporting but the October launch of its FX repository may slip as a result of CFTC delays, the firm has warned
Wiltshire County Council switches out Record for Berenberg Bank
More UK councils switch currency mandates to participate in sterling upside
StanChart boosts CNH liquidity in European timezone
Landmark issuance to drive up liquidity out of London
HSBC builds out offshore renminbi crosses
Rates continuously streamed on interbank platform for direct offshore renminbi crosses for the first time
Nomura’s former hedge fund sales co-head to join UBS
UBS has hired Louis Curran, formerly of Nomura, as co-head of institutional FX sales in Singapore
HFT adds value to the forex market, says Bank of England
While the effects of high-frequency trading activity should continue to be monitored, the practice adds value to the FX market, a senior Bank of England official has argued
All FX derivatives will be cleared by 2014, say CCPs
Senior FX clearing officials expect strong demand to clear the full FX derivatives product set - within two years
South Africa’s Rand Merchant Bank goes live on TraderTools
The implementation of the technology vendor’s liquidity management platform has been completed in record time and is proving very effective, says senior trader
A man of standing: Michael Cross, BoE
During nine years in the markets division of the Bank of England, including three years as head of foreign exchange, Michael Cross has been at the forefront of the central bank’s response to the financial crisis. As chair of the FX Joint Standing…
Insight Investments installs interim management team for currency as Thomas leaves
Currency veteran leaves management firm
Natixis hires FX sales veteran
Darren Barker has joined Natixis from UniCredit to work in FX sales in London
VIDEO: Euro outlook amid Greek exit fears
John Hardy, global head of FX strategy at Saxo Bank in London, looks at the implications of a Greek exit from the euro.
Crédit Agricole wins with steady euro bet
Crédit Agricole accurately forecast a modest dip in EUR/USD and a rise in USD/JPY in its mid-February forecasts, landing it at the top of the three-month rankings
GFI targets generalist salespeople with latest Fenics release
Version 12.2 of Fenics Professional, launched earlier this week, aims to make the system more accessible to non-specialist salespeople