Trading
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.
Cebs issues finalised guidelines on op risk in market activities
LONDON – The Committee of European Banking Supervisors (Cebs) is confident the final versions of its guidelines on op risk in market-related activities will be implemented fully in June-end, 2011.
Gain acquires CMS retail business as new rules come into force
NEW YORK - Capital Market Services (CMS) has sold its retail forex business to Gain Capital, making it the latest online trading company to exit the market in light of rising costs from increased regulation.
JP Morgan kicks off Q3 results round
NEW YORK - JP Morgan posted another year-on-year fall in third-quarter results from the fixed-income business, which includes foreign exchange, due to a drop in revenues from credit and rates.
September year-on-year volume increase at CLS
NEW YORK – CLS experienced a year-on-year rise in volumes settled over its system in September.
City workers confident about bonuses
LONDON – Confidence in bonuses is firmly back on track, with 89% of staff in London’s financial services sector expecting a similar or improved bonus package for 2011.
Trading Places, October 11, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
All eyes are on Asia
With all eyes focused on exchange rate policy, this year’s FX Week Asia congress could not be better timed.
Banks announce renminbi product firsts
HONG KONG & DUBAI – HSBC and Standard Chartered announced a number of firsts last week, as they try to take a lead role in the growth of the offshore renminbi market.
In Brief, October 11, 2010
Read this week's In Brief to stock up on the latest technology news around the FX world.
Deutsche Börse preps Asian algo macro news
FRANKFURT – Deutsche Börse is preparing to begin beta testing a version of its AlphaFlash feed of low-latency, machine-readable macroeconomic news for use in algorithmic trading applications, tailored to provide data for Asian markets.