Trading
GFT: US dollar set for a fall
GFT topped the one-month currency forecast rankings this week with expectations for the European debt crisis to supersede US fiscal shortcomings as a driver of US dollar moves.
Trading Places, July 12, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
BarCap loses two in vanilla options
LONDON – Barclays Capital (BarCap) has lost two from its vanilla options team in London, the UK bank confirmed.
Questions raised about CCP collateral
Bank collateral managers raise concern about wrong-way risk in clearing house collateral
China's yuan de-pegging: implications for Asia and the world
Callum Henderson, global head of FX strategy and Thomas Harr, senior FX strategist, at Standard Chartered in Singapore, predict the effects of China's yuan de-pegging on Asian currencies
Skowronski takes the lead at Alpari
LONDON & NEW YORK – Daniel Skowronski has joined the executive management team of Alpari, a provider of online FX trading services
CME posts record June FX volumes
CME posted record average daily FX volumes in its lastest monthly figures
Lutton and Yi resurface at Nomura
NEW YORK - Chris Lutton and Christina Yi are tipped to resurface at Nomura in New York, according to market sources
Dodd-Frank: forex swap clearing exemption at Treasury secretary’s discretion
Blanket FX exemption dropped from final bill; Treasury to determine issue
Capital controls look likely in EM economies
The financial crisis causes a rethink of free capital flows and their impact on emerging market nations
CMC: euro's loss is dollar's gain
CMC Markets (CMC) has topped the one-month and three-month currency forecast rankings with a euro-bearish, dollar-bullish stance
RBC hires new head of EMEA strategy
LONDON – RBC Capital Markets (RBC) has hired Robert Beange as a managing director and head of strategy for Europe, the Middle East and Africa (EMEA), it announced on June 28.
Bache adds to London FX team
LONDON – Bache Commodities, a subsidiary of Prudential Financial, has hired Jonathan Webb as head of FX strategy and George Tsiourvas as a vice-president in FX sales.
Eurozone fiscal woes could be eased by EM exposure
Countries with sovereign debt problems, such as Spain, could benefit from their exposure to emerging market assets and currencies
Deutsche makes two senior hires in Moscow
MOSCOW – Deutsche Bank has hired Bulent Ilgun as head of treasury, and head of rates and FX trading in Russia, it announced on June 30. It also announced the hire of Evgeny Monakhov as head of equity sales for Russia.
Trading Places, July 5, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
BIS highlights risks of resurgent carry trade
Rate differentials make carry trades attractive, but this could cause trouble
In Brief, July 5, 2010
Read this week's In Brief to stock up on the latest technology news around the FX world.
Execs would not be surprised if eurozone shrinks, report claims
RBC Capital Markets survey says Greece most likely country to leave the eurozone
Asia lukewarm to renminbi despite dollar-depeg
Importers and exporters that trade with onshore Chinese companies are having second thoughts about using the renminbi to settle their trades in place of the US dollar.
Morgan Stanley looks to extend Matrix
LONDON - Morgan Stanley is set to launch streaming Asian and Latin American non-deliverable forwards (NDFs) next month, on its cross-asset front end, Matrix, following its recent global launch.
BNPP eyes European FXPB business
BNP Paribas moved steadily to launch into the foreign exchange prime brokerage market with the acquisition of staff and infrastructure from defunct insurance company AIG last year. But with that business focused on the US, rivals argue the French dealer…
EU regulation will force insurers to up FX hedging programmes
BRUSSELS - The EU’s current proposals for risk-based insurance regulation – referred to as Solvency II - will result in firms based in countries with shallow domestic bond markets ramping up up their FX hedging programmes, according to Lars Oswald Dahl,…