Trading
Morgan Stanley Smith Barney increases managed futures allocation
Managed futures have low correlation to markets and perform well in difficult times, says MSSB. Choppy markets and frequent trend reversals created a difficult environment for the strategy this year.
Hedge fund redemptions rising for year end although in line with previous years
Despite the impact of turbulent markets and poor performance, hedge fund redemptions remain similar to 2010 levels. There are no signs of unusual investor activity, GlobeOp reports.
RBS adds bank sales to US e-commerce role
Matt Thomas, head of Ficc e-commerce in North America, is to take on responsibility for aligning the bank’s electronic product with the needs of bank clients
RMB diversification is ‘strategic’ says Nigeria’s central bank governor
Lamido Sanusi explains why he made the decision to convert 10% of the country’s reserves into renminbi
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
Exploring relative value
A rebound in risk assets in late October appears to have been short-lived and the foreign exchange market continues to be affected by lower-then-expected growth and a swinging pendulum between risk-on and risk-off. Callum Henderson argues relative value…
Babich departs HSBC as cuts hit FX
Dean Heiden, Chris Bolton, Ted Mermel and Lily Han have also left FX sales roles in London and New York as part of HSBC cuts
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
Gold-i partners with Vision Solutions for disaster recovery
Systems integration vendor has started to resell Vision Solutions' disaster recovery technology, Double-Take Software
Spotlight on: Collin Crownover, SSgA
State Street Global Advisors’ head of currency management talks to Joel Clark about investor appetite for G-10 and emerging market currencies, and how his global team has managed the volatility and political uncertainty that has characterised the foreign…
FX sales focus: Banks go multi-asset in growth markets
Both top-tier and second-tier banks opt for dedicated FX sales forces in locations where they have a large presence, but tend to go multi-asset in countries where they are seeking to grow
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
Accurate yen view lands Nomura and 4Cast in dead heat
Nomura and 4Cast jointly top this week’s one-month rankings after accurately predicting intervention would weaken the yen
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…
CFTC urged to rethink rules that threaten cross-margining
In a world where central clearing and bilateral collateral posting are mandatory, margin efficiency will be a big draw, and one obvious way to achieve it is through cross-product margining. Unfortunately, it is difficult to achieve – and Commodity…
ADS expands sales effort with senior hire
Ex-HSBC Hassan Hannouf joined ADS Securities in Abu Dhabi last month
Credit Suisse layoffs claim Nick Barker
London-based head of FX e-commerce is made redundant from Credit Suisse, having joined from UBS in March 2010
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
The eurozone is not 'Hotel California', says BNY Mellon strategist
Simon Derrick stresses eurozone membership is not interminable and believes the likelihood of Greece leaving the eurozone is now the most plausible option following the events of last week
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
Dow Jones pitches news-based algo trading to FX traders
News providers including Dow Jones and Thomson Reuters report widespread interest in news feeds that scan keywords in news stories to forge trading strategies, but some remain sceptical about whether they can genuinely add value for traders. Farah…
MF Global bankruptcy leaves FX expansion in limbo
US broker-dealer had pursued an aggressive push into foreign exchange over the past six months, the future of which is now unclear following its bankruptcy last week