Trading
RBS launches gamma hedging algo for forex clients
New algorithm is designed to automatically hedge gamma sensitivity of foreign exchange options
Afme: From advocacy to implementation
Set up in June 2010 as the mouthpiece of the FX industry as regulators reshaped the derivatives landscape, the mandate of Afme’s global FX division is gradually changing from one of pure advocacy to one of implementation. Miriam Siers talks to the…
The rise and rise of retail FX
Questions were raised in July when the Bank of England’s FX joint standing committee revealed a jaw-dropping 23% increase in UK turnover between October 2010 and April 2011. Among a number of drivers contributing to the increase, the most notable is the…
AUDIO: Get ready for crisis 2.0
Nick Beecroft, senior markets consultant at Saxo Bank in London, warns that financial markets are at the brink of crisis 2.0.
LCH.Clearnet reiterates commitment to FX clearing
Clearing house reaffirms its intention to launch ForexClear, which will sit alongside SwapClear and a newly expanded CDSClear service
Taking stock of 2011: Volatile trading
The challenges already thrown at the FX market in 2011 have been multi-faceted, ranging from a tough trading environment in major currency pairs to the preparation for new trading and clearing regulations. In the second of a series of articles taking…
Corporates cover their backs with longer-dated options
Corporate hedgers buy longer-dated options amid increased volatility in foreign exchange markets, say market participants
Knight Capital to launch Hotspot Private Label by end of the year
Private label offering includes administrative and risk management tools and full reporting capabilities
Trading like it’s 2008
Foreign exchange markets in 2011 continue to show parallels to 2008, but the economy is unlikely to slip back into recession and Asian currencies look set to benefit from broad-based US dollar selling. Callum Henderson looks at the key similarities…
View from a global head of FX
Tim Carrington, global head of FX at Royal Bank of Scotland, talks to Farah Khalique about the exceptionally poor liquidity in FX markets in recent weeks and why he remains bearish on the US dollar but bullish on sterling and the yen
CMC Markets wins with strong euro expectations versus the dollar
CMC Markets tops this week's 12-month currency forecast rankings
BNPP recruits Goodwin to head corporate sales in New York
Deron Goodwin’s appointment from RBS comes weeks after the departure of Clive Banks and John Chase in London
Saxo secures major private equity shareholder
TPG Capital takes 30% stake in Saxo Bank, with the option to increase to 40% by October
Taking stock of 2011: the euro
The challenges 2011 has already thrown at foreign exchange market participants have been multi-faceted, ranging from a tough trading environment in major currency pairs to the preparation for new trading and clearing regulations. In the first of a series…
Options traders braced for further SNB intervention
Demand has switched from downside EUR/CHF options to upside options in anticipation of further Swiss franc weakening measures from SNB, say senior options traders
Spotlight on: Philippe Ghanem, ADS Securities
The Abu Dhabi-based brokerage’s managing director talks to Joel Clark about the launch of ADS Securities, and his hopes that it will compete internationally with electronic brokers across FX, commodities and other asset classes
CBA forecasts accurately navigate summer of discontent
Australian bank’s expectations on the direction of eurodollar and cable land it at the top of both the one-month and 12-month forecast rankings
Thomson Reuters extends Elektron hosting to FX
Thomson Reuters Matching will be the first platform to be available through the Elektron proximity hosting service, but independent platforms will be added in due course, the vendor tells FX Week
Swiss franc strength attributed to 'absolutely no liquidity'
Dramatically reduced liquidity in August, coupled with sovereign debt concerns in the eurozone, have combined to strengthen the Swiss franc, say strategists
Sefs lose their painful bite
The prospect of swap execution facilities under the Dodd-Frank Act initially struck fear into the operators of single-dealer platforms facing a possible loss of business. The appearance of the Sef Clarification Act last month, coupled with a changing…
Focus on: Remuneration
The UK Financial Services Authority implemented its revised Remuneration Code at the start of this year, putting new rules in place around salaries, bonuses and retention payments. Joel Clark talks to Andrew Young, a solicitor in the employment practice…
Westpac: no end in sight for yen strength
Westpac tops the three-month rankings after it predicted the yen would strengthen during July and August
Barnes to return to RBS in October
Former global head of FX will become global head of client macro trading, reporting to Tim Carrington
Kellaway takes interim trading head role at Lloyds
Head of swaps trading steps up to new interim role following restructuring at Lloyds and the departure of Ian Firth from his previous role as head of treasury and trading