Trading
FX volumes set for more modest rise in October 2011 survey results
The 23% rise in UK turnover in April 2011 was a one-off, according to market participants, but further increases expected in October 2011 survey results
Erroneous Swissie price on EBS sparks anger among traders
Foreign exchange traders express concern after an incorrect EUR/CHF price found its way from the EBS training environment onto the live market
FX swap cost could rise from €279 to €2,779 under EU tax, warns Oliver Wyman
Research published today on behalf of the GFMA global FX division highlights the potentially punitive impact of the financial transaction tax on the FX industry
Spotlight on: Simon Watkins, Bank of Montreal
The Canadian bank’s head of FX for London talks to Joel Clark about the expansion of his team over the past five years and the bank’s ambition to become a recognised FX provider in London and across Europe
Icap targets Indian rupee fix on EBS by Q3
Investment in capabilities for currencies of Brazil, Russia, India and China is set as a top priority for 2012 by EBS senior management
Lloyds appoints Moore as head of trading
Former Citi fixed-income head and MF Global chief executive for Europe will join Lloyds on March 1
Fidessa rolls out FX trading on execution platform
Users of Fidessa's buy-side workstation can now trade more than 1,300 currency pairs, following integration of FX trading in Q4
US dollar set for safe-haven flows in 2012, according to industry poll
According to 36% of respondents to FX Week’s latest online poll, the US dollar is the only real safe-haven currency, while 33% suggest there is still some promise in Nordic currencies
BNP Paribas preps launch of Cortex single-dealer platform
French bank expects to launch its new platform early in the first quarter of 2012, following a 14-month development period
Spotlight on: Jeffrey Hogan, BGC Partners
BGC’s managing director for business development talks to Joel Clark about the interdealer broker’s voice and electronic broking capabilities in FX, and his extensive work with regulators to ensure new rules for over-the-counter derivatives are…
Thomson Reuters restructuring hits FX as Glocer departs
A number of senior changes have been made to the vendor's foreign exchange matching business as part of a broader restructuring
FX Week Europe: Decimalised pricing gaining traction
The advent of decimalisation on the majority of FX trading platforms has led to a number of challenges for traders, conference speakers argue
FX Week Europe: Prepare for worst-case scenario in the eurozone
Panellists at FX Week Europe discuss the implications for the forex market of a possible exit of one or more eurozone members from the single currency
FX Week Europe: TCA key to effective algo execution, says Shell
Paul Downie, Shell's head of liquidity and FX, explains how thorough analysis of all available execution data has been key to the firm's trialling of FX algo tools over the past year
Seeking a better benchmark for currency manager performance
With more mainstream advisers offering access to managed FX investments, bigger and increasingly sophisticated audiences are driving index providers to upgrade benchmarks and make them investable. However, some managers remain unimpressed by the existing…
Bank of England sets out code of practice on electronic trading
Members of the FX Joint Standing Committee comment on the recently reviewed Nips code, which includes a new section on electronic trading
Why the consensus is wrong on USD/JPY
RBC Capital Markets has taken a contrarian view on the yen for several years, predicting it would strengthen against the US dollar while the consensus forecast was for yen strength. After the bank’s contrarian view has proved accurate, Adam Cole argues…
Defining excellence in currency forecasting
FX research is fast becoming a key differentiator in determining success in the business. In our inaugural FX Week Currency Forecast Awards, we acknowledge those leading the field
ADS Securities to provide liquidity through Integral
Start-up brokerage has connected its API to Integral and expects to execute first trade with an Australian client within days
Political crisis in Europe brings volatility back to FX options
Volatility returned to eurodollar last week as FX traders priced further downside risk into euro options
Japanese corporates count costs of further yen strength
Japanese companies have been hit hard by the strength of the yen and are now revising down their profit forecasts in anticipation of further appreciation
Banca IMI goes global
Since joining Banca IMI from Barclays Capital earlier this year, Nicola Baiocchi Di Silvestri and Nicola Giaretta have been tasked to build the Italian bank’s corporate FX, rates and commodities sales capabilities globally as it prepares to launch a new…
Credit Suisse hires head of FX trading
David Tait will join Credit Suisse from UBS in January, reporting to global head of FX Todd Sandoz
European banks report tough Q3 in Ficc
Q3 results at Barclays Capital, Credit Suisse and BNP Paribas suggest a difficult third quarter in Ficc, offset by strong FX performance