Trading
A new safe haven?
As G-7 economies start to look more volatile than some emerging markets, Nikki Marmery investigates whether the new rash of emerging markets indexes could offer some respite
Buy-side call for algorithmic execution in foreign exchange
The institutional buy side is becoming more sophisticated in the way it executes FX trades, and algo platform providers are accelerating their investment in new technology to keep up with growing demand. By Michael Marray
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If anyone needed any more reason to seriously think about employing a foreign exchange policy, then September should just about have done it.
Demand for euro puts surges as crisis deepens
Investors and speculators pile into euro put strategies as eurodollar spirals and further depreciation is predicted
e-FX success hinges on user experience as much as pricing, say banks
Lloyds Bank Corporate Markets became the newest entrant to the e-commerce space earlier this month with the launch of its Arena platform. Miriam Siers talks to banks and technology firms to find out what differentiates platforms in this competitive space
RBC to roll out cross-asset e-trading platform
RBC DX will replace incumbent platform and cover FX, fixed income, money markets and deposits, officials tell FX Week
Trading Places, September 26, 2011
New appointments at Nomura, Ice Clear Europe, Thomson Reuters, the LSE and the LME
Prepare for further black swan events in FX, corporates urged
Corporate treasurers should make sure their forex counterparties are properly prepared for the possibility of further black swan events in the FX markets, senior Lloyds banker tells ACT conference delegates in Manchester
FXall launches EQA benchmarking tool
Execution Quality Analysis is formally rolled out for institutional FX traders, following a 12-month period of development and client testing
Safe-haven appetite for Scandi currencies wavers
Despite the rush into the Norwegian krone and Swedish kronor following Swiss National Bank intervention on September 6, FX traders and strategists are lukewarm about the Scandi currencies' capacity to become long-term safe havens
Central banks take aim at dollar-funding shortage
Co-ordinated action from five central banks eases the pressure on dollar funding for European banks, but EUR/USD cross-currency basis swap market remains under stress
BAML wins with correct bearish euro call
Europe has a number of ‘mini land mines’ that could blow up, says strategist at the US bank
OTC derivatives reform will lead to algo boom, banks predict
Dodd-Frank and Sefs set to encourage growth in algorithmic execution of OTC derivatives, say dealers
CBA hires Taylor and Shadrack from Crédit Agricole
Keith Taylor heads up emerging markets FX and David Shadrack is appointed senior dealer, both based in London
Lloyds rolls out Arena to compete in FX e-commerce
Launch of Arena platform comes after more than a year of development, which started in mid-2010 with the formation of a client advisory board to determine the key elements of the e-trading platform
Isda to review close-out value definitions
Absence of a standard approach is stifling attempts to value termination clauses, dealers complain
Taking stock of 2011: the buy side
Central bank intervention, volatile markets and forthcoming regulation – hedgers and investors in the FX market continue to face some real challenges. Chiara Albanese and Miriam Siers hear their views
Nomura FX business will keep own identity
Global macro products group still bedding down, but Ashley says FX team will retain its individuality
A view from the buy side: Calpers
Volatile markets have posed challenges for participants in the FX market across the globe. Eric Busay, portfolio manager at Calpers, talks about the Swiss franc, US dollar and regulatory change. By Farah Khalique
IFR Markets triumphs with Swiss franc appreciation view
Thomson Reuters – IFR Markets topped this week's 12-month forecast rankings after predicting the Swiss franc would strengthen against the dollar
Sterling: an old story gets interesting
Sterling has declined in popularity in recent times, but deteriorating economic conditions elsewhere mean it has started to look more attractive, argues Elsa Lignos
Oanda continues to boost global presence with Japan operation
Oanda chief executive Michael Stumm attributes the decision to open operation in Japan to regulatory changes
Options traders sense SNB running out of steam
Options traders are betting on further appreciation of the Swiss franc, following comments from the Swiss economy minister that Switzerland will have to put up with a strong currency
New standard CSA could be rolled out in Q2 2012
An implementation plan for the new standard CSA is set to be reviewed by the Isda board in September, with a first-phase rollout expected as early as the second quarter of 2012