Trading
Banks raise concerns over liquidity in new FX options ventures
New York-based interdealer broker GFI Group last week completed the launch of its FX options trading platform, joining a handful of entities rolling out such platforms. Will banks provide liquidity to the new ventures? Farah Khalique reports
Audio: Dollar to win G-3 ugly contest
Nick Beecroft, senior markets consultant at Saxo Bank, predicts the US dollar will stage a comeback in 2011.
Swiss banks report modest FX revenue rises in Q4
The two largest Swiss banks unveiled their financial results for the fourth quarter of 2010 last week, revealing modest increases in foreign exchange revenues.
Trading Places, February 14, 2011
Read this week's Trading Places to catch up on people moves across the FX world.
Citi to provide PB services to brokers on FX Bridge options platform
Citi has become the second bank to provide foreign exchange prime brokerage (PB) services and options liquidity to brokers that use the FX Bridge Pro Trader Plus platform to offer FX spot and options trading to their clients.
Digital Vega plans Sef licence to boost options platform
London-based forex technology vendor Digital Vega will attempt to benefit from new regulations by applying to become a swap execution facility (Sef), the firm has told FX Week.
Saxo to launch streaming exotic binary options
Danish bank to add new options functionality to its trading platform in the second quarter
Rabobank triumphs with expectations of USD weakness
Rabobank topped this week’s one-month currency forecast rankings with expectations the US dollar would continue to weaken.
European Parliament and Council on collision course over FX exemption
The top European Union institutions in Brussels have found themselves at odds over the crucial question of whether foreign exchange contracts should be subject to new rules for mandatory clearing and reporting of over-the-counter derivatives in the…
European Parliament has neglected FX exemption question, says UK MEP
Kay Swinburne criticises colleagues in the European Parliament for failing to tackle the question of whether forex contracts need to be subjected to new clearing and reporting requirements
Spotlight on: Kay Swinburne, member of the European Parliament
The British MEP speaks exclusively to FX Week about the European Parliament's worrying lack of discussion of the treatment of foreign exchange in derivatives legislation.
Proof of exposure required before Indian companies can trade FX derivatives
New regulations in India will require companies to prove they have an exposure that needs to be hedged.
FX options clearing will be challenging, Afme panellists warn
Conference speakers discuss the investment needed to meet requirements for central clearing of FX options.
Deutsche Bank’s Q4 results show strong performance in FX
Deutsche Bank published its fourth-quarter results on February 3, revealing its sales and trading net revenues, which include FX, had increased to €1.6 billion from €1.2 billion in the fourth quarter of 2009.
Thomson Reuters: further dollar weakness ahead
Thomson Reuters – IFR topped this week’s one-month currency forecast rankings with expectations the US dollar would weaken in the first weeks of 2011.
Changing role of the FX salesperson sparks debate at Afme conference
The sell-side foreign exchange salesperson has a changing role to play in the industry as a result of an increase in high-frequency trading and the advent of new regulations, according to panellists at the European Market Liquidity conference in London…
Spotlight on: David Rutter, Icap
Icap's head of electronic broking talks to FX Week about the evolution of the EBS spot platform, and plans for 2011.
London retains premier spot in FX, according to global volume figures
London remained the biggest financial centre for foreign exchange in 2010 according to semi-annual volume figures published in the UK and US on January 31, despite speculation it might be overtaken as a result of the UK government’s clampdown on bonuses.
SuperDerivatives expands in Asia sales
Agnes Tan has joined derivatives pricing technology vendor SuperDerivatives as head of strategic sales for Asia, based in Singapore.
Trading Places, February 7, 2011
Read this week's Trading Places to catch up on people moves across the FX world.
BNP Paribas restructures FX business in New York
BNP Paribas is continuing to restructure its FX business in New York, according to a senior official at the bank.
Danske Bank hires Cioffi and plans global build
Danske Bank has hired Raffaele Cioffi to its spot trading desk in Copenhagen and plans to expands its global presence.
Icap to upgrade EBS block-trading platform
Interdealer broker Icap will upgrade Continuous Match, its newly launched FX block-trading platform, in the second quarter, the broker has told FX Week.