Foreign exchange
Icap pilots bank-only block trading platform for manual users
Interdealer broker Icap is today (December 13) beginning the pilot of a bank-only block trading platform for manual users of the EBS workstation, officials at the broker tell FX Week.
The curious case of Pure FX
There’s been a lot in the press in the past week about a consortium of banks looking to launch a bank-only platform to rival EBS Spot, having become disgruntled by the influence lost to high-frequency traders.
TMS to raise up to $50 million in IPO
Warsaw-based foreign exchange broker TMS is to list on the Warsaw Stock Exchange on January 7, officials tell FX Week.
BIS: 'Others' drive growth in FX market
The Bank for International Settlements (BIS) attributes 85% of the growth in FX market turnover in 2010 from 2007 to increased trading activity of other financial institutions, notably high-frequency traders, banks trading as clients of the biggest FX…
The currencies to watch in Asia
Mitul Kotecha, head of global foreign exchange strategy at Crédit Agricole Corporate and Investment Bank in Hong Kong, looks at why the Asian currencies have fared so well in 2010 and whether their luck will continue next year
Parker down in October
The Parker FX Index reported a loss at -0.12% in October, as markets were marked by a depreciating US dollar, with the DXY Index declining to -1.85%.
Trading Places, December 13, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
Scotia backs euro ahead of dollar in 2011
Scotia Capital has topped this week's three-month currency forecast rankings with an accurate prediction of US dollar weakness following Federal Reserve chairman Ben Bernanke's hints of further quantitative easing (QE) in late August.
Rabobank strengthens Asia desk with key hire
The Dutch bank has boosted its Hong Kong desk with the appointment of Jason Keg as head of FX and emerging markets, Asia, trading and sales.
StanChart boosts financial institutions coverage
Standard Chartered has made a key hire from JP Morgan in Asia as it looks to boost its financial institutions sales coverage in South and Southeast Asia.
FXCM partners with SuperDerivatives to launch options platform
Retail aggregator FXCM is joining forces with derivatives pricing technology vendor SuperDerivatives to launch an FX options trading platform by March next year.
Rouble expert returns to Icap
Icap reappoints former director as the new managing director of its rouble business in London.
TD makes play for commodities market
TD Securities is targeting demand for precious metals trading with the launch of a new global precious metals (GPM) sales and trading business today (December 6).
Global FX Division establishes FXPB
The Global FX Division (GFXD) of AFME/SIFMA/ASIFMA announced the formation of a working group to focus specifically on the challenges and issues surrounding global FX prime brokerage (FXPB) and to implement over-the-counter FX clearing for clients.
Forex continues to grow across major platforms
Electronic brokers reported broad growth in trading volumes in November; however Thomson Reuters indicated a marginal fallback in the upward trend in FX.
Are exchanges admitting defeat on the forex clearing debate?
Are exchanges expecting forex swaps and forwards to be exempt from mandated central clearing rules in the US? There was only a seemingly brief attempt at putting forward the case for inclusion last week.
UBS restructures European forex sales
UBS has strengthened its sales offering with a key hire amid an overhaul of its European sales structure.
Nomura builds out with smartTrade
Nomura went live with smartTrade Technologies’ liquidity management system (LMS) in November for its electronic FX trading business, with plans to scale the technology across other asset classes.
Ta Chong Bank live with FinIQ’s Liquidity Link
Ta Chong Bank in Taipei went live with FinIQ's Liquidity Link system at the end of November, to automate the liquidity-provision process in forex options.
Credit Suisse FXPB gains 40 new clients
Credit Suisse has gained 40 new clients since marketing its relaunched foreign exchange prime brokerage (FXPB) business this autumn.
Forex industry boosts operational efficiency with 95% ticket-compression rate
The FX industry has met with initial success in battling operational risk, with eight dealers achieving ticket-compression rates of more 95% through the joint-venture trade aggregation system by CLS and Traiana.
Trading Places, December 6, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
Saxo: The world got it wrong
Saxo Bank topped this week’s one-month currency forecast rankings with expectations that the US dollar would benefit from news of further quantitative easing (QE2) by the US Federal Reserve.
BAML hires new Russia FICC sales head
Bank of America Merrill Lynch (BAML) has lured a former Goldman Sachs managing director to strengthen its fixed-income, currencies and commodities (FICC) team in London.