Trading
Anglo Irish winds down FX desk
Anglo Irish Bank’s foreign exchange desk in London has shrunk to three people and is expected to shut down as part of ongoing restructuring
SG CIB anticipated euro recovery
The prediction that a political solution to the Greek crisis would strengthen the euro lands French bank at the top of one-month rankings
European Parliament rejects Swinburne’s forex exemption
Crucial plenary vote on Emir on July 5 retains suggested amendments to recognise unique nature of FX derivatives, but stripped out explicit calls for an exemption
Nigel Khakoo to leave Citi
US bank's global head of G-10 options trading has been made redundant
More upside in the Aussie dollar
Paul Bednarczyk, head of currency strategy at 4Cast in London, looks at the steady rise of the Australian dollar since 2008 and explains why it might yet appreciate further
Decimalisation piles pressure on market-makers
Dan O'Sullivan, SG CIB's co-head of global FX trading, shares concerns about the narrowing of bid-ask spreads as a result of decimalised pricing, which is hitting the bottom line
JP Morgan’s Choussy prepares bank for FX clearing
Newly appointed global head of FX clearing explains how he is preparing for the advent of mandatory central clearing requirements for some FX contracts
White labelling preferable in retail FX, says Aite Group
White-label solutions will reduce tech spend for new entrants, says senior analyst Javier Paz
Spotlight on: Dan O’Sullivan, Société Générale
The French bank’s co-head of global FX trading talks to Farah Khalique about the impact of recent eurodollar volatility on banks and investors, and the practical challenges of implementing new regulatory requirements
Hong Kong fixing sets benchmark for CNH spot
Hong Kong interbank participants have created the first US dollar/offshore renminbi price fixing, giving the city first-mover advantage in renminbi products such as derivatives
Aphelion joins BT Radianz cloud
Swedish FX technology vendor cuts time-to-market for users by joining up to BT cloud
Spot USD/CNH fixing in HK poised to become derivatives benchmark
Hong Kong interbank participants have created the first US dollar to offshore renminbi price fixing giving the city first-mover advantage in becoming an offshore centre for renminbi products such as derivatives, say market participants
BNP Paribas launches iPhone app for GlobalMarkets access
Gain Capital and IPC Systems add their insights on the advent of mobile-based trading
AUDIO: QE3, China and trendless markets
Nick Beecroft, senior markets consultant at Saxo Bank in London, says the risks of crisis 2.0 have just gone up.
Time for a single reserve currency is over, warns Gulliver
HSBC chief executive expects renminbi to become a reserve currency within 15 years and shares the bank’s outlook for the Chinese currency
Decimalisation unlikely on Thomson Reuters Matching, says Jas Singh
Head of treasury rules out decimalisation for the foreseeable future, and explains his decision to exit interbank options matching
Steve Toland departs EBS
Head of sales for Europe and North America departs as Jeff Ward promoted to global head of EBS sales
Regulation will hurt FX liquidity, says Deutsche
Research warns reporting and exchange trading requirement will restrict liquidity in the market
Spotlight on: Jas Singh, Thomson Reuters
The global head of treasury at Thomson Reuters talks to Joel Clark about the challenges of managing the firm’s flagship FX matching platform and the decisions he has had to make relating to high-frequency trading, options matching and decimalised pricing
Banks welcome launch of CNH fixing
Treasury Markets Association launches USD/CNH spot fixing today, with quotes provided by 15 banks and the rate calculated by Thomson Reuters
Banks and ECNs join forces to prevent FX flash crash
Citi, JP Morgan and Morgan Stanley join Deutsche Bank on Traiana's enhanced CreditLink service
Westpac recruits Townsend and Cameron in FX forwards
Townsend joins from Commerzbank and Cameron from Barclays Capital
UGS signs Kiwi start-up as first client
Start-up currency firm ForexAtom deploys Unified Global Solutions' new Adaptware platform
Wintersgill quits BAML
Institutional FX sales head follows his boss to the door