Trading
Analysis paralysis
Ever-increasing foreign exchange volumes, acute volatility in currencies and the imminent arrival of new trading regulations have combined to create an environment in which being able to properly analyse execution costs and quality is more important than…
Turkish intervention poses threat of inverted currency war
A wave of intervention by Turkey and Poland’s central banks to strengthen the lira and the zloty could lead to an inverted currency war if other central banks follow suit, according to strategists. Chiara Albanese reports
Corporates fall on tough times
The recent volatility in foreign exchange markets has caused uncertainty for corporate treasurers and led to some changes in their strategies. How are banks helping corporates to tackle the current challenges and the increased costs that will result from…
Eurozone deal brings relief in FX spot and options
Risk sentiment appeared to make a comeback in FX markets yesterday as options volatility fell from record highs and the euro rallied in response to the deal announced after the Euro Summit in Brussels
Record FX profits driven by volatility and hedging, say Deutsche and UBS
A perfect storm of volatile currency moves, intervention from the SNB and frenetic hedging activity have contributed to unusually high FX revenues and volumes in the third quarter, say Deutsche Bank and UBS
Huteau departs Credit Suisse after 17 years
Swiss bank parts company with its head of local markets FX options trading for Europe, the Middle East and Africa and Latin America
Peter Klein joins BAML to head FXPB
Klein replaces Tony Dalton, former global head of FX prime brokerage, who will take on a senior FXPB sales role
EUR/CHF options market springs into life
Traders report sustained levels of activity in the five-year EUR/CHF options market as hedgers protect against long-dated downside risk
Industry calls for further clarity on Mifid II
The European Commission tabled proposals to revise the Markets in Financial Instruments Directive on October 20. But traders remain concerned about the implications of a one-size-fits-all approach to foreign exchange
Asia-Pacific personal wealth growth soars ahead of US and Europe – Credit Suisse
The Asia-Pacific region has accounted for 54% of all new global wealth creation since 2010 and emerging markets are set to drive global wealth creation during the next five years, according to Credit Suisse's annual Global Wealth Report
FX Week Asia: High-frequency trading practices defended
Edward Blair presents detailed defence of high-frequency trading practices at FX Week Asia
FX Week Asia: Corporate hedgers rattled by volatility
Tumultuous foreign exchange market in September has left some hedging strategies in disarray and led to more timely exposure monitoring in one treasury department, say corporate treasurers speaking at FX Week Asia
Emerging markets focus to boost NDFs despite clearing costs
The growth of the non-deliverable forwards market will not be hit by impending clearing laws
Pace of renminbi appreciation will slow, says Deutsche
Jens Scharff-Hansen, co-head of FX and short rates trading for Asia at Deutsche Bank, talks to Farah Khalique about the growth of offshore renminbi trading, recent dislocations in the onshore and offshore markets and how corporates can take advantage
Multiple repositories will protect against technological failure
Regis-Tr will roll out its reporting services for foreign exchange in mid-November
Spotlight on: Tony Dalton, Bank of America Merrill Lynch
Bank of America Merrill Lynch’s global head of foreign exchange prime brokerage talks to Joel Clark about the growth of the bank’s FXPB offering since the 2009 merger and the challenges of preparing for clearing of FX options and non-deliverable forwards
The renminbi's road to success
The renminbi is on the up, but is it climbing fast enough? Farah Khalique talks to currency strategists and a global head of FX structuring about the performance of the currency and future trends
RMB’s rise to reserve currency status accelerates
The possibility that renminbi will become a reserve currency in its own right appears to be becoming a reality, as a number of central banks have begun to diversify into the Chinese currency. Chiara Albanese reports
Trading places, October 17, 2011
Read about hires at Lloyds, UBS, Société Générale, Anello Asset Management
Fighting a losing battle on yen strength
Despite repeated intervention by the Bank of Japan over the past year, the yen remains stronger than ever, with USD/JPY struggling to break above 77. Derek Halpenny analyses the three episodes of intervention and related data to explain why intervention…
Crawford heads to Commerzbank
German dealer names new trading chief as it continues to bolster its FX franchise in light of regulatory changes and challenging market conditions
US banks at a disadvantage in face of Volcker rule
Non-US banks will have an advantage over US counterparts when it comes to prop trading, according to one legal expert
Nomura loses chief economist
Peter Westaway, former head of the Bank of England's research division, has resigned from Nomura
CME Group recruits Knottenbelt from RBS
Industry veteran Willian Knottenbelt appointed to lead the exchange group’s Emea operations