Trading
PPP still has legs in the USD/CAD market
Irene Aldridge, quantitative portfolio manager at Able Alpha Trading, and Steven Krawciw, wealth management executive at Credit Suisse in New York, look at the value of PPP in quant strategies
Retail brokers slammed by NFA
Gain Capital and Ikon Global Markets have been fined by the US National Futures Association (NFA) for practices that put clients at a disadvantage.
Trading Places, November 1, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
Parker FX: Rules-based currency managers rule in September
The Parker FX Index made a return of 1.64% in September, as currency markets favoured the euro and commodity currencies over a depreciating dollar.
BNPP: Euro value to drop following G-20 meeting
BNP Paribas (BNPP) has topped this week’s one-month forecast rankings with a bearish dollar stance amid threats of further quantitative easing (QE) from the Federal Reserve.
Deutsche takes the top spot for FX in Q3
ZURICH & FRANKFURT – Deutsche Bank has proved its FX credentials by being the only bank so far to report higher FX year-on-year revenues for the third quarter, despite lower volatility and tight spreads.
Ohmän gains structured products team from Swedbank
Ohmän investment bank in Sweden has recruited eight members of the 12-person structured products team from Swedbank in Sweden.
In Brief, October 25, 2010
Read this week's In Brief to stock up on the latest technology news around the FX world.
Conference speaker laments renminbi demand outstripping supply
Demand for the renminbi is outstripping supply since the unit began trading globally earlier this month, according to a trader speaking at conference held under Chatham House rules in London on October 21.
New value in Korean bond/swap basis play?
Upheaval in the currency markets as a result of fears of protectionist action by a number of emerging market countries to defend their competitive positions has created a raft of threats and opportunities in the financial markets, including a new play on…
EU council reaches compromise agreement on AIFM
The European Council has reached agreement on its approach to the alternative investment fund managers (AIFM) directive, paving the way for an end to negotiations and a deal on non-EU managers.
Spot FX faces clearing threat
Spot foreign exchange faces unnecessary clearing to avoid discrepancies on banks’ books, according to speakers at Global Insight Forum: The impact of regulation on the global OTC market, held in London on October 19.
Crédit Agricole bullish on commodity currencies
Crédit Agricole dominates this week’s one-month historical forecast index, after a consistently first-rate performance throughout the year.
Hotspot FX reports September year-on-year growth
Hotspot FX reported a 17.1% rise in average daily volumes to $33.8 billion – double count – in September, versus $28.8 billion in September last year.
IBFX launches in Australia
Retail foreign exchange trading company Interbank FX (IBFX) has opened a subsidiary office in Sydney, it announces today (October 25).
Trading Places, October 25, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
The impact of regulation on the global OTC market
Three web seminars – in Hong Kong, London and New York – exploring key changes in international OTC derivatives regulation from a regional perspective
US forex hits sluggish patch
NEW YORK & BOSTON - All US banks reported weak forex revenues in the third quarter this year versus last year, as volatility and volumes dropped.
SEB overhauls management structure and preps Asia push
SEB has realigned senior management to focus on key growth areas in Europe, while preparing to open up shop in Hong Kong next year to target Asian institutional investors.
Trading Places, October 18, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
Aspen Trading takes bullish position on the dollar
Aspen Trading (Aspen) has topped the three-month currency forecast rankings and made a top-five appearance in the one-month poll this week, based on a consistent dollar-bullish position.
Traiana opens office in Tokyo
TOKYO – Post-trade technology vendor Traiana has opened an office in Tokyo to meet the needs of locally based clients, it announced today (Monday 18).
ECB's Constâncio: grant CCPs access to central bank liquidity
WASHINGTON, DC – Central counterparties for derivatives trades should have access to central bank liquidity, Vítor Constâncio, the vice-president of the European Central Bank, has said.
SocGen hires two in trading
LONDON - Société Générale hired two new foreign exchange options traders in London last month, confirmed an internal source.