Trading
Gazprom Marketing & Trading: Powering up for clearing
Gazprom's UK-based trading subsidiary is hoping not to be hit by a clearing requirement - but has been doing its sums just in case, the company's treasurer, Michael Kawski, tells Lukas Becker
Basel and Iosco under pressure to exclude FX from margin rules
Industry response to proposals released in July on margin for uncleared swaps put pressure on regulators to carve out FX swaps and forwards
Record spots dislocation in covered interest rate parity
Record Currency Management is looking to help its clients profit from a dislocation in the covered interest rate parity between several currencies
CLS: the 10-year-old man in the middle
Ten years on from launch, CLS has come to occupy a unique and systemically important position in the global FX market. In the first of a two-part series, chairman Gerard Hartsink talks to Kathy Alys about CLS’s highs and lows in a decade as the market’s …
Currency focus: Danish krone
The Danish krone's peg to the euro has been key to the success of the economy over the past 30 years, but how would a eurozone collapse affect the currency? Robert Mackenzie Smith reports
Dealers hope for replication of BoE move to two-way CSAs
As the Bank of England prepares to begin posting collateral to its counterparties when trading derivatives next year, FX traders hope other central banks will follow its lead
VIDEO: Saxo Bank Euro Focus
A short video highlighting euro risks around the October 18-19 EU summit
HSBC launches algo carry index
The Global FX Carry Index, launched by HSBC yesterday, considers 32 currencies for investment, including G-10 and emerging markets
Currency managers suffering badly in 2012, research finds
Low volatility and the eurozone crisis have combined to push currency management returns further into the red in 2012, according to JW Partners
Concerns raised over Basel settlement risk guidance as consultation closes
The revised guidance on managing settlement risk could distort the FX market if implemented inconsistently, but should ultimately lead to greater use of CLS, say market participants
Ex-SocGen head trader joins Infinium
Richard Bailey, SG CIB's former head of global FX trading has joined Infinium Capital Management as head of FX options trading
JP Morgan promotes Mirza in management reshuffle
Kayhan Mirza and Kemal Askar handed new roles as part of an internal reshuffle
EBS appoints liquidity management head
Gil Mandelzis continues the restructuring of EBS's management team with the appointment of Ben Tobin as director of liquidity management
FTSE Cürex index series adds CNH pairs
The jointly launched foreign exchange index series announced in June has added seven new offshore renminbi pairs to its benchmark as it anticipates growing demand from its clients in Asia
Central bank intervention weighs on investor sentiment
FX strategists expect continued uncertainty for major currencies in the fourth quarter as a result of central bank intervention
Banks struggle to build FX as liquidity slows
Falling levels of FX activity, particularly among institutional clients, have made it difficult for banks – particularly the newer entrants – to beef up their forex businesses,
Celebrating in style
As CLS, Saxo Bank and FXall celebrate anniversaries of varying significance, FX Week unveils the launch of its new iPad and tablet edition
GFI extends ForexMatch into Asian and African currencies
The interdealer broker is expanding the footprint of its forex derivatives platform by adding Asian and African currency pairs
Flying in the dark
Robert Savage, chief executive of Track.com, looks at the recent weakness of the US dollar and places his bets for the fourth quarter
Training traders
What role does emotion play in the decision-making process of traders, and can they be trained to better manage their emotions? Saxo Bank believes they can, and is developing a process to support that training. Robert Mackenzie Smith reports
BNP Paribas on winning streak with bullish euro forecast
The French bank’s forecast of euro strength has landed it at the top of the one-month forecast rankings for the fourth time in five weeks
Platform volumes rise modestly in September
FX spot volumes were up on EBS, Reuters and FXall in September compared to August, though volumes were still significantly down year-on-year on both EBS and Thomson Reuters
More FX platforms to come, says Celent
A new research report from Celent predicts more platforms will launch in the FX market, and that the single-dealer platform will continue to gain in popularity
FXCM rolls out dealing desk to fight price war
The retail brokerage has launched a principal-based execution option to create tighter spreads for smaller clients, but will continue to advocate its preference for the agency model