Trading
Buy US dollar rather than EM currencies as a euro alternative, says Schroders
Clive Dennis, head of currencies at Schroders, doesn't share the widespread enthusiasm for EM currencies and recommends investors should buy the dollar as an alternative to the euro
Greek deal brings early signs of calm in spot and options
Options traders say markets are reflecting a more relaxed view on the euro than in previous months, particularly following this week's Greek rescue package
LTRO has jump-started currency investors out of risk aversion, says Pimco
Currency investors appear to have moved away from risk aversion and become more interested in high-yielding EM currencies as a result of the ECB’s refinancing operation, according to Pimco’s head of FX
Spotlight on: Nigel Khakoo, Nomura
Nomura's newly appointed global head of FX options talks to Miriam Siers about why he chose to join the Japanese bank after a career at JP Morgan, Merrill Lynch and Citi, and how he is navigating the challenges facing the options market as a result of…
FX markets driven excessively by 'headline noise', says Aviva’s currency chief
Volatility in foreign exchange markets has been driven increasingly by a desire to re-price on the back of every headline, says Pierre Lequeux, head of currency management at Aviva Investors
Saxo takes mobile trading to new heights
Danish bank engineers the execution of a eurodollar trade on a mobile device during a base jump, as part of a new advertising campaign
Spotlight on: Bill Goodbody, Hotspot FX
The institutional trading platform's business manager talks to Melanie White about the recent expansion of its client base into the banking sector, and plans to grow in Europe and Asia
Repositories must capture network analysis, says financial stability expert
Financial network analysis can be used to help regulators digest and understand the ‘data tsunami’ in the foreign exchange market, according to Kimmo Soramäki
Singapore’s FX exemption welcomed as a sign of global consistency
A proposal by the Monetary Authority of Singapore to exempt FX swaps and forwards from mandatory clearing is seen as a positive move to harmonise treatment of FX with the US
FX strategy duo departs UBS
FX strategists Taso Anastasiou and Manuel Oliveri were based in Zurich with the Swiss bank
Tradeweb joins multibank FX options fray
The launch of Tradeweb’s multibank platform for FX options puts the vendor into competition with a host of other new platforms
SocGen’s ex-FX trading head calls for apology over unfair dismissal
Didier Meyer, who along with Eric Leandri was cleared of allegations of unauthorised trading earlier this week, is disappointed by SG’s failure to apologise for unfair dismissal
Industry establishes STP guidelines for offshore yuan
Swift releases guidelines to improve processing for offshore yuan transactions
FXall listing gets off to a soaring start
Shares in FXall surged on the first day of its IPO on the New York Stock Exchange, with participants expecting it to move into new initiatives as a public company
Euro sentiment turns upbeat after Greek deal
Politicians and strategists are cautiously optimistic on the euro, despite the considerable challenges that might lie ahead
Spotlight on: Bernd Bröker, UniCredit
The Italian bank’s newly appointed deputy head of FX talks to Chiara Albanese about how he plans to integrate the bank’s many regional FX hubs into a more streamlined and globally effective franchise
Latest turnover figures tell positive story for FX, say committee members
Steady volume rises in US and UK indicative of healthy state of foreign exchange markets
LCH’s ForexClear awaits regulatory approval
FX clearing platform for NDFs is ready for launch, pending regulatory approval, LCH.Clearnet confirmed in its annual report today
Faros Trading continues hiring spree
Tom Doyle joins the Stamford-based firm from Morgan Stanley in New York
Afme liquidity conference: Buy side urged to stand up and be counted on regulation
Speakers at Afme conference call on buy-side firms to join the sell side in lobbying regulators and ensuring the future market structure is appropriately calibrated
Afme liquidity conference: Buy side pushes for greater control of FX execution
Tools such as transaction cost analysis and execution management systems, traditionally deployed in trading equities, are becoming more important for buy-side FX traders, says Axa IM’s FX trading head
HSBC builds out London RMB centre
Key appointment made to drive growth and strategy for the development of London as an offshore renminbi trading centre
Bonus season sees mixed results for US bankers
Recruiters covering the foreign exchange market report better-than-expected bonus packages at Citi and JP Morgan
Corporate backlash on costs of regulation continues
Banks will not be able to avoid passing on the hefty costs of regulatory reform to their buy-side clients, argued participants at the ACI UK’s annual square mile debate