Investment
RBC targets Asian wealth management clients
Royal Bank of Canada (RBC) has acquired Fortis Wealth Management Hong Kong as part of an effort to build up its private banking business in Asia.
Risk Europe: Euro volatility and regulatory uncertainty biggest concerns, say CROs
Buy-side chief risk officers voice their concerns about the effects of regulatory inconsistency on volatility.
BBVA looks to Taiwan for growth
TAIPEI – BBVA will, in the coming weeks, apply to the Taiwan financial regulator to open a locally incorporated unit on the island, as the bank continues to look for expansion opportunities across Asia.
Currency managers up in 2009
Research findings
Sharp dollar carry trade unwind ruled out
A rise in dollar interest rates is unlikely to lead to a frantic scramble to close out short dollar positions, according to analysts polled by FX Week .
A call to action on electronic pricing
The protracted explosion in bid/ask spreads and implosion in liquidity since mid-September is causing mounting frustration among algorithmic traders.
RBS sells e5m note linked to new FX Radar
LONDON - Royal Bank of Scotland (RBS) has sold its first structured product linked to the new FX Radar Index, an automated index linked to 20 emerging market currencies.
ETP boom fuels concern over counterparty risk
GLOBAL - Issuance of currency-linked exchange-traded products (ETPs) has soared in the past year, but concerns are emerging over the counterparty risks inherent in these products.
RBS launches new forex index
LONDON - RBS launched FX Radar Index, an automated index linked to 20 emerging market currencies, on October 1.
OCBC cashes in on Asian DCR growth
SINGAPORE - OCBC Bank expects to see 20% growth in its dual currency returns (DCR) business in Singapore next year, following implementation of a structured deposit pricing and processing system from FinIQ, said bank officials.
Multi-currency products ride the storm
NEW YORK - Wisdom Tree has confirmed its plans to launch its first multi-currency exchange-traded fund (ETF), as single currency exchange-traded products take the brunt of the rising dollar.
More currency ETFs hit US
NEW YORK - Two more currency-linked exchange-traded funds (ETFs) were listed on the New York Stock Exchange's NYSE Arca on June 25.
Automated FX trading models provide diversified alpha
David Popplewell, director of currency structuring at RBS in London, says to look beyond carry baskets and actively managed foreign exchange allocation to generate alpha from FX
Investors keen on double-short euro ETNs
NEW YORK - Morgan Stanley's Market Vectors double-long leveraged euro exchange-traded notes (ETNs) have outperformed their double-short counterparts by almost 30 times in trading volumes.
Death by association
The application of credit technology to diverse underlyings led to the birth of collateralised foreign exchange obligations in 2006. But despite being built from uncorrelated underlyings, their fortunes have proven highly correlated with the wider market…