Foreign exchange
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.
Credit Suisse launches enhanced FX prime-brokerage platform
Credit Suisse launched its enhanced foreign exchange prime-brokerage platform today (November 30), facilitating global clearing and execution solutions to hedge funds, asset managers and other financial institutions.
Former Icap director resurfaces
Simon Williams, former FX sales director at Icap, has re-emerged at VTB Capital's fixed-income sales desk in London.
Currency traders prepare for worsening crisis
Currency traders are bracing for further downside risk to the euro, with a surge in euro put sales as the Irish banking crisis worsened last week.
Icap completes first cross-region CNH trade on EBS
HONG KONG - Icap has announced it has executed the first cross-region Chinese yuan trade over electronic broking system EBS.
Gulf currency volumes improve on TR Matching
Gulf Co-operation Council (GCC) currency volumes on Thomson Reuters' Spot Matching Service are picking up, but more market-makers are needed on the system, according to bank sources in the region.