Trading
More crisis casualties
LONDON - Morgan Stanley, Citi and Deutsche Bank have all announced thousands of global job cuts in response to the market dislocation, with foreign exchange teams unavoidably in the firing line.
Trouble ahead in emerging EMEA
Nick Chamie , head of emerging markets research at RBC Capital Markets in Toronto, analyses the results of the bank's latest Financial Risk Scorecard, and finds there are tough times ahead for the Baltic states
Risk aversion still 'dominant theme'
Rabobank took top spot in FX Week 's one-month currency forecast rankings this week with a view that a continuation of investor deleveraging would keep the US dollar strong.
Forex contends with great expectations
The foreign exchange industry is set for a shake-out next year as re-pricing of risk forces change in the make-up of the industry.
Canadian dollar draws nervous participants
The Royal Bank of Canada and ANZ took top honours in their domestic markets, reflecting the health of the dealers versus global rivals in these currencies.
Citi triumphs, Deutsche bounces back
LONDON - Citi maintains its lead in this year's FX Week Best Bank awards, as Deutsche Bank bounces back to take second spot.
Credit Suisse advances in Asia forex
HONG KONG & SYDNEY - Credit Suisse released its advanced execution service (AES) for foreign exchange in Asia last month, following the system's US and European rollout earlier this year.
Icap still best broker for forex
Icap holds onto its crown as best broker for spot FX ahead of rival Thomson-Reuters.
Cable: we've been here before
Peter Luxton, global economic adviser at Informa Global Markets in London, looks at how cable is faring during this economic crisis, and finds it is following a similar pattern to cable during the 1992-93 slump
Bullish greenback bucks the trend
CIBC World Markets has topped this week's one-month forecast rankings with a bullish US dollar view based on a reversal of the decade-long trend of dollar weakness.
Citic Group in currency bail-out
HONG KONG - Citic Pacific has reached an agreement with parent company Citic Group to provide financial support to meet liabilities from exposure to leveraged FX contracts disclosed on October 20.
Thomson Reuters emerges on top
Thomson Reuters has reclaimed the title of best broker in emerging markets (EM) from Tullett Prebon, while also holding the number one spot in the best market data provider category.
LatAm win for global banks
Citi has taken the award for the best bank for emerging Latin American currencies, followed by HSBC, which moved up a spot this year due to its increased focus on the region.
Move quickly
Irene Aldridge, quantitative portfolio manager and managing partner at Able Alpha Trading, looks at high-frequency trading in an environment of wider spreads
Out of the frying pan, into the fire...
Analysts at Barclays Capital in London say recent dramatic rate cuts might mean the worst of the financial crisis is behind us, but concern about economic growth is increasing
TMS rises as European banking falls
TMS Brokers took this week's top slot in the one-month rankings by forecasting the euro would be drawn down by turbulence in the eurozone banking sector.
Nedbank Capital taps Aleri for liquidity data analysis
JOHANNESBURG - South African investment bank Nedbank Capital plans to implement a liquidity management system (LMS) offered by Chicago-based complex event processing software vendor Aleri next year, to consolidate data on cashflows and liquidity…
'Instividual' investors switch on to FX
One area of the foreign exchange market that appears to be continuing on a healthy growth trajectory is retail FX trading, according to research released last week.
Value managers come up trumps in October
LONDON - Currency managers using the value strategy are likely to have fared well in October, a month described as one of the most volatile in history, according to research by the Royal Bank of Scotland.
Forwards spreads start to tighten
LONDON & NEW YORK - Dealers are reporting a retreat in forwards spreads, reflecting marginal improvements in liquidity as Libor eases after weeks of government and central bank action.
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.
Investors shun FX-only funds
LONDON - Fund managers are abandoning foreign exchange-only funds in favour of currency overlay programmes, according to research by London-based client strategy firm ClientKnowledge.
Forecasting tricky as markets churn
Extreme volatility in the foreign exchange markets over the past month has provided challenging conditions for forecasting short-term moves, as evident by this week's one-month forecast rankings.