Trading
Bullish greenback bucks the trend
CIBC World Markets has topped this week's one-month forecast rankings with a bullish US dollar view based on a reversal of the decade-long trend of dollar weakness.
Citic Group in currency bail-out
HONG KONG - Citic Pacific has reached an agreement with parent company Citic Group to provide financial support to meet liabilities from exposure to leveraged FX contracts disclosed on October 20.
Thomson Reuters emerges on top
Thomson Reuters has reclaimed the title of best broker in emerging markets (EM) from Tullett Prebon, while also holding the number one spot in the best market data provider category.
Thomson Reuters shows eye for detail
Thomson Reuters has retained first place as best vendor in the dealing technology category thanks to a focus on detail, according to Paul Allmark, global head of Reuters Electronic Trading (RET).
Customers look to HSBC for stability
HSBC has held on to its title of best bank for foreign exchange in the Asia-Pacific, as customers flock to dealers with a long-standing history in the region during the market turmoil.
LatAm win for global banks
Citi has taken the award for the best bank for emerging Latin American currencies, followed by HSBC, which moved up a spot this year due to its increased focus on the region.
Diversity key to success for FXall
FXall has triumphed in the best multibank foreign exchange portal category for the seventh consecutive year.
Move quickly
Irene Aldridge, quantitative portfolio manager and managing partner at Able Alpha Trading, looks at high-frequency trading in an environment of wider spreads
Thomson Reuters sees bright 2009
NEW YORK - Thomson Reuters has reported an increase in third-quarter revenues and profits for its markets division and told investors that management expects the vendor to prove more resilient than some analysts had predicted in the wake of the ongoing…
Chicago's wind of change
Felix Shipkevich, general counsel at CMS Forex in New York, highlights the difficulties of applying similar regulations to retail foreign exchange and the exchange-based commodities and futures markets
Goldman sacks top FX performers in London
LONDON - Goldman Sachs' attempts to cut costs have led to some of the bank's top foreign exchange performers losing their jobs, according to a market source.
E-broking FX volumes soar
LONDON - Interdealer brokers continued to be the biggest winners in the latest round of market turbulence, with Icap and BGC reporting an increase in volumes from foreign exchange businesses.
UBS posts record Q3 FX revenues
ZURICH - UBS reported record foreign exchange and money markets revenues in the third quarter of this year, reaching $1.3 billion.
UniCredit set to launch new FX trading platform
MILAN & LONDON - UniCredit is deploying Caplin Trader and Reuters Electronic Trading - Automated Dealing (RET-AD) as the basis for its single-bank foreign exchange trading platform.
Clients switch on to Portware FX
NEW YORK - Portware has seen a 70% increase in clients using Portware FX, its real-time foreign exchange aggregation system, since the start of 2008, according to Harrell Smith, head of product strategy for the firm in New York.
Thomson adds Icap tick data
JERSEY CITY & LONDON - Interdealer broker Icap is making historical tick data for foreign exchange, fixed-income and interest rate products available through Thomson Reuters, in a bid to broaden its client base among algorithmic trading, valuation and…
Out of the frying pan, into the fire...
Analysts at Barclays Capital in London say recent dramatic rate cuts might mean the worst of the financial crisis is behind us, but concern about economic growth is increasing
TMS rises as European banking falls
TMS Brokers took this week's top slot in the one-month rankings by forecasting the euro would be drawn down by turbulence in the eurozone banking sector.
Lehman's Burgess now at ING
LONDON - Ian Burgess, formerly of Lehman Brothers, has joined ING's institutional sales division in London.
Nedbank Capital taps Aleri for liquidity data analysis
JOHANNESBURG - South African investment bank Nedbank Capital plans to implement a liquidity management system (LMS) offered by Chicago-based complex event processing software vendor Aleri next year, to consolidate data on cashflows and liquidity…
WestLB drops RealStream
DÜSSELDORF - WestLB is no longer using Cognotec's RealStream Manager and has signed up to Eurobase's Siena Gateway, in a move to streamline its electronic foreign exchange infrastructure.
'Instividual' investors switch on to FX
One area of the foreign exchange market that appears to be continuing on a healthy growth trajectory is retail FX trading, according to research released last week.
Value managers come up trumps in October
LONDON - Currency managers using the value strategy are likely to have fared well in October, a month described as one of the most volatile in history, according to research by the Royal Bank of Scotland.