Trading
How to position in emerging Asia?
Ben Simpfendorfer, Hong Kong-based Asian strategist for the Royal Bank of Scotland, looks at how to gain exposure to emerging markets amid fears that they will sell off
Power to the peso
The Mexican peso's future is in the hands of a new administration, says Lewis Emmons, emerging market analyst at Informa Global Markets, London
CME volumes up in Q2
CHICAGO – Volumes for FX products at the Chicago Mercantile Exchange (CME) were up 42% in the second quarter versus the same period a year ago.
FX Week USA: the future in one day
This year's FX Week USA conference looks set to be the best yet. Now in its third year, the event will host senior speakers from across the industry. There will be a keynote address from Peter Borish, chief executive of Twinfields Capital Management,…
CME takes Swapstream for $15m
CHICAGO – The Chicago Mercantile Exchange (CME) is acquiring multi-dealer interest rate swaps trading platform Swapstream for $15 million.
HSBC realigns FX in US
NEW YORK – HSBC has re-aligned forex management in New York amid broader changes for its US operations.
Eurobase signs software deal with StanChart
LONDON – Eurobase Banking Solutions and Standard Chartered Bank have signed a deal where the latter uses Siena XML Gateway to manage FX price-streaming to additional e-FX trading portals.
Ex-NAB traders jailed
MELBOURNE – The final chapter of the National Australia Bank (NAB) trading scandal unearthed in 2004 closed last week, with the last two forex options traders jailed.
China regulator to allow sterling/renminbi trading
SHANGHAI – China's foreign exchange regulator said last week it would permit trading of the renminbi against sterling on its FX market from August 1.
AXA IM adds currency management team
LONDON – AXA Investment Managers (AXA IM) is building up its FX capabilities with a new currency management team in London.
Saxo hires sales trio in London
LONDON – Saxo Bank has continued its recent aggressive hiring spree by adding three new faces to it institutional sales team in London.
Sentiment key to FXCM success
Combining technical and fundamental forecasting has helped Forex Capital Markets (FXCM) top the 12-month rankings, according to Kathy Lien, chief strategist in New York.
A brave new world for foreign exchange?
Talk of a new platform being launched by Lava and the CME/Reuters joint venture makes it feel as if the FX market is about to experience a revolution similar to that which it saw at the start of the millenium.
Asia Pacific: Korean agency to manage $17bn of forex reserves
SEOUL – Korea Investment Corporation (KIC) signed a contract with the central bank of Korea last week to invest $17 billion of the country's foreign exchange reserves, according to the KIC.
Getting ahead in algo trading
LONDON – Progress Software, the technology vendor, has published a guide for the buy-side on how to get ahead in algorithmic trading in FX and other asset classes.
Asia Pacific: RBS launches US dollar swap trading in Asia via Bloomberg
HONG KONG – The Royal Bank of Scotland (RBS) launched US dollar swap trading last week during Asia business hours on Bloomberg.
Harnessing e-FX benefits
FXall's Mark Warms, general manager, Europe, says treasuries should consolidate their trading functions.Platforms can help them do this, but flexibility is needed
CMS updates VT Trader
NEW YORK – Online currency-trading firm CMS Forex has introduced a new version of its chart-based platform, VT Trader, with 100+ tools and technical indicators, enhanced charting and more customisable options.
E-FX luring bank talent
LONDON – Players in the e-FX space are luring talent from traditional banks as the e-forex landscape evolves, according to market participants.
FX investors defrauded
FLORIDA – Some 250 retail FX investors are set to receive $2.7 million in compensation, after a fraud committed by Gibraltar Monetary Corporation was uncovered by the CFTC.
Creating an algorithmic safeguard
Stuart Crooks, vice-president, sales for FlexFX in London, points to algorithmic trading as a way to keep up with the increasing speed at which the market moves
Algorithmic trading takes centre stage
LONDON – The algorithmic trading market has mushroomed to around one fifth of the total volume of FX trading, according to Icap, London-based interdealer broker.
New algo trading tool from tech vendor trio
NEW YORK – Technology vendors Portware, Random Walk Computing and IBM have teamed up to launch Portware on Power, a new system for algorithmic trading.
MarketSpace: a tough challenge for CLS
The joint venture between CME and Reuters to create a market-wide FX exchange has every chance of changing the face of the industry.