Trading
Spotlight on: Douglas Pelton, Lufthansa
Douglas Pelton, treasury manager in the liquidity and risk management division at Lufthansa, talks about the German airline's currency exposures and the evolution of the e-FX business
QE3 will be positive for GBP
A new bout of quantitative easing might be positive for sterling, but will likely lead to dollar depreciation, argues Adam Cole
Trading Places, July 2, 2012
RBS loses EM research head, BAML appoints new EMEA investment banking co-heads and the New York Fed promotes Potter to markets group head
Nomura shakes up global FX role
The Japanese bank moves David Steck into a client relationship position, while introducing a co-head partnership for FX sales in the Americas
Libor manipulation lawsuits could cost banks ‘tens of billions’
Barclays' $450m settlement gives lawyers smoking gun evidence of attempts to tamper with benchmark rates
Investors seek alternative forex hedges for euro crisis
Australian dollar, renminbi and CE3 currencies touted as alternative macro hedges for European debt woes
RBS loses FX UK corporate coverage head
Andy Stocker understood to be moving to Santander, alongside two other sales staff
Barclays begins e-IRS trading in Middle East currencies
UK bank continues to expand electronic capabilities in the Middle East
Renminbi payments continue to grow, according to Swift
Swift says the currency is now the 16th most actively used in trade settlement
Northern Trust names new FX chiefs
Gloyne to retire after 18 years of service
Bank of England to post collateral in OTC derivatives trades
BoE thought to be the first major central bank to change policy on collateralisation as it seeks to reduce dealer funding charges
Spotlight on: Mandy Lam, global FX division
The managing director for North America of the Global Financial Markets Association’s global FX division talks to Melanie White about the key regulatory challenges facing the FX market and FX options clearing and settlement project, which she is heading…
VIDEO: Greek vote increases focus on policy response ahead of FOMC meeting
Saxo Bank's John Hardy looks at the policy risk following Greece's vote to stay in the euro
VIDEO: Greek vote increases focus on policy response ahead of FOMC meeting
Saxo Bank's John Hardy looks at the policy risk following Greece's vote to stay in the euro
Grexit bets intensify on election fears
Forex strategists remain divided on the political fallout from landmark Greek elections, and the likely effect on the euro
BNP Paribas rolls out FX algos
Cortex iX algorithmic execution suite will officially launch this week, aiming to provide better anonymity than existing FX algos
Volcker rule could hurt liquidity in FX spot market, participants warn
Foreign exchange swaps and forwards should be exempted from the Dodd-Frank ban on prop trading, or else liquidity in the spot market could suffer
FXSpotStream will cut costs and inefficiencies, say banks
The liquidity providers behind FXSpotStream believe the new platform adds genuine value to the FX spot market by directly tackling the challenges that exist on traditional spot platforms
Deutsche moves to simplify RMB under PBoC scheme
Deutsche Bank today completed the first renminbi cross-border transaction under a simplified scheme designed to ease the documentation burden for corporate users
FX Week China: CNH/CNY forward divergence threat has stabilised
A reversal of the spread between offshore deliverable forwards and onshore NDFs that caused pain for speculators last year is unlikely to recur, say economists
Fleschler returns to Hotspot FX
Industry veteran moves back to ECN
FX Week China: RMB internationalisation will take time
Significant progress has been made since 2010 in opening up renminbi to international participants, but it has to be done gradually, say speakers at FX Week China
FX Week China: Asia not immune to euro crisis spillover, warns IMF
"Home-grown vulnerabilities" could be a threat to Asian countries, including China, says IMF official at FX Week China event
Thomson Reuters rolls out China version of Eikon
The vendor will announce today that it has launched a new version of its Eikon desktop terminal for the benefit of users in China