Foreign exchange
Making the case for Asian currencies
Callum Henderson, global head of FX research at Standard Chartered in Singapore, believes Asia is better insulated from the economic downturn than in previous cycles and investors should maintain allocations to the region’s currencies
Deutsche promotes Hitchon to run Markets Clearing
Roger Naylor to succeed Hitchon as co-head of global prime finance
Anticipation builds for final Treasury decision
US Treasury reviewing comments on its proposed exemption as market participants expect the decision to be confirmed early next month
Econ in favour of FX exemption
European committee favours US plans to exempt currency derivatives from clearing requirement
Saxo targets new traders with ForexTrading.com
Danish bank says it wants to cater for 'more self-driven' clients
Renminbi set to outdo yen in offshore trade, brokers say
Liberalisation of Chinese currency laws is attracting investors to a fast-developing market
Spotlight on: Fabrizio Russo, Nomura
Nomura's head of FX sales for EMEA talks to Chiara Albanese about the challenges of growing the FX business after the Japanese bank acquired foreign exchange operations from Lehman Brothers in 2008
Morgan Stanley downplayed market sensitivity to European peripheral crisis
Currency markets have become less reactive to the European peripheral crisis and more correlated to growth prospects
Citi goes live with Fix API
Bank announces first customer for spot FX pricing plug-in
Saxo steps up options pricing on SaxoTrader
Danish investment bank reduced spreads on FX options in mid-May and created new standardised account structure
Spotlight on: Claes-Henrik Claesson, Claesson Capital Introduction
SEB’s former head of FX prime brokerage talks to Joel Clark about his new firm, Claesson Capital Introduction, and the value FX managed accounts can offer for investors seeking greater transparency and liquidity
Danske Bank's rates-based forecast comes up trumps
Danish bank tops three-month rankings after basing forecasts on interest rate differentials between US and Europe
AUDIO: Is the European Monetary Union bound to fail?
Nick Beecroft, senior markets consultant at Saxo Bank in London, looks at the key developments in the unfolding sovereign debt crisis and the political will of the Union's architects.
Industry welcomes European Parliament recognition of FX
Amendments in Econ version of regulation stress the importance of settlement risk and existing market infrastructure
Sahni sabbatical creates vacancy at BAML
Possible replacement could be ex-Goldman Kevin Connors
South Korea imposes cap on FX forward positions
Joint statement made by Korean authorities on May 19
Bank race for offshore renminbi gathers pace
RBC Capital Markets goes live with CNH platform as Deutsche Bank claims new records
Spotlight on: James Taylor, JP Morgan
JP Morgan’s global head of e-FX distribution talks to Joel Clark about the development of the bank’s MorganDirect electronic commerce platform and how he has leveraged his experience at Barclays Capital and Deutsche Bank to build a global sales team for…
JSE to launch exotic can-do currency options
Move follows the successful launch of any-day expiry options in February
CME plans to clear all FX products, despite probable exemption
Swaps and forwards will be part of the exchange group's FX clearing initiative as banks will need to clear them if used to hedge an option
Scotia Capital wins after calling time on euro appreciation
Canadian bank predicted ECB rate hike would halt the upward trend of the euro against the dollar and the yen
FX derivatives volume grew by 9% in H2 2010, says BIS
Total notional OTC volume across asset classes rose by 3%, having contracted by 4% in the first half of the year
Swiss franc: safe-haven currency?
With banks widely recognising US dollar weakness and uncertainty over the eurozone as an ongoing trend in FX markets this year, Miriam Siers talks to currency strategists about the prospects for the Swiss franc
Duffie paper sparks debate over credit risk in FX swaps and forwards
Market participants respond to calls from academic Darrell Duffie for more analysis before finalising exemption of FX swaps and forwards from clearing requirements