Foreign exchange
Strategists adjust processes to forecast politically driven currencies
Most FX market participants recognise the growing importance of politics in driving the direction of major currencies as a result of the eurozone crisis. But how do FX strategists digest the multitude of political statements and developments when making…
Fusion AM pitches FX liquidity hedge to corporates
Options-based strategy was developed after a request from a large European exporter, and protects corporates from the liquidity risk arising from volatile currency moves
Emir set for Q2 completion, Barnier insists
Trialogue negotiations between the European Parliament and Council on derivatives reform are due to complete next week, with a view to finalising the text by April, says Michel Barnier
Growth of ruble spot market depends on settlement issues, say brokers
Average daily volume in the ruble spot market is estimated to be around $20 billion, but participants say it could grow by four times if institutions embrace real-time gross settlement and the ruble becomes a CLS currency
AUDIO: Heading into the perfect storm
Nick Beecroft, senior markets consultant at Saxo Bank in London, takes a critical look at the year ahead and says markets could be heading for the perfect storm.
Spotlight on: Daniel Wong, British American Tobacco
The tobacco manufacturer’s global dealing room manager talks to Miriam Siers about the firm’s FX hedging programme, and how recent market volatility has driven changes to its currency risk management
Citi seeks to 'revolutionise' FX trading with platform upgrade
Latest version of Velocity seeks to compete on speed, cost and enhanced user experience
Offshore RMB remains a challenge for corporates
UK chancellor George Osborne is pushing hard for London to become the next financial centre for the trading of renminbi, but despite the blaze of publicity surrounding his visit to Asia this week, some corporates remain daunted by the new currency…
Exemption for FX swaps and forwards should hold, says GFMA’s Kemp
James Kemp, managing director of the global FX division, talks to FX Week about the biggest regulatory challenges of 2012
FX Week meets James Kemp, GFMA
The managing director of the GFMA's global FX division talks about the biggest regulatory challenges for the FX industry in 2012
What’s in store for 2012?
At the dawn of a new year, FX Week speaks to senior traders, strategists, technologists and lobbyists about their expectations for 2012. The eurozone crisis, implementation of regulation and technology upgrades top the agenda for many participants…
Markets braced for tough 2012 in FX
Market participants share their expectations for a challenging year ahead in the foreign exchange industry
Citi’s Jones to relocate to London
Simon Jones to head up FX e-trading across G-10 and emerging markets
Review of 2011
As 2011 draws to a close, FX Week looks back on a year in which the decisions of politicians increasingly came to define the direction of major currencies, while the progress of regulatory reform was stunted by missed deadlines and challenging technical…
Global FX division kicks off outreach programme on trade reporting
Industry outreach sessions focus on preparing institutions to meet reporting requirements for FX contracts, as final CFTC reporting rules expected next week
Wiedmann departs Credit Suisse as FX merges with EM fixed income
Merged unit, known as global currencies and emerging markets, will be established on January 1 under the leadership of Chris Corson and Todd Sandoz
FX business at Thomson Reuters falls under new management
Matching platforms will no longer fall under the remit of Shanker Ramamurthy, who joined Thomson Reuters from IBM in June
Banks dare to hope for calmer FX markets in 2012
Barclays Capital expects greater stability in the eurozone in Q1, but believes the euro will continue to depreciate
Strategic currency hedging in emerging markets
When hedging currency markets, one should treat developed and emerging markets separately, as their behaviour can vary significantly, argues Edward Murray
WEBINAR: Cloud computing a 'transformational technology'
New technology allows barriers to be broken down and new communities to be created, says Integral's Harpal Sandhu
Camilla closes record FX trade for Icap’s charity day
The Duchess of Cornwall closed a $27 billion FX trade between Barclays and Citi, believed to be the largest FX trade ever
Ex-EBS Toland to join LMAX
Icap's ex-head of EBS sales for Europe and North America will join LMAX as head of exchange strategy in January
FX Week Europe: Full coverage
FX Week presents full coverage of the FX Week Europe event on December 1, including two keynote addresses, five panel discussions and the Best Banks Awards
Lloyds hires Grubb to head algo trading
Howard Grubb joins Lloyds Banking Group from BNP Paribas