Trading
GFT to launch training institute
ADA, MICHIGAN – Global Forex Trading (GFT), the online currency trading firm, has enlisted CBS Morning News commentator and economist Ben Stein to launch a trading education company, Strategic Trading Institute (STI).
Greenback bears win in three-month
Being a dollar bear was an easy call to make three months ago, according to Matthew Foster-Smith, senior currency strategist at Thomson in London, which is the top forecaster over this period.
Banks sign up to FXMarketSpace
LONDON & CHICAGO – CME and Reuters have revealed the banks and institutions that have signed to the FXMarketSpace venture set to go live next year.
An analysis of options techniques
NEW YORK – John McAuliffe, managing director, foreign exchange options at Bank of Montreal Capital Markets, gave a framework and approach for analysing FX option structuring and trade-flow information.
Citigroup reorg for forex
NEW YORK – Citigroup has made a number of changes to FX senior management and taken on staff, as it seeks to increase its market share.
Downward move for greenback is inevitable, says EPI's Bernstein
NEW YORK – US economic instability, lack of household saving and demand for dollars from Asia are just some of the reasons the greenback will continue to face an uncertain future.
Data extraction platform from Reuters
NEW YORK – Reuters has launched Reuters DataScope Select Version 1.2, a data extraction platform providing global pricing, validated terms and conditions, historical data content and cross-reference data for FX and other asset classes.
The Chinese way
A lot has happened in China since its accession to the WTO in 2001. Arnie Papp, general manager for Asia-Pacific at Calypso, explains the effect the changes have had on FX in the region
Integral completes forex trading offering
MOUNTAIN VIEW, CALIFORNIA – Integral, the US technology vendor, has launched FX Inside Plus to streamline and automate the entire foreign exchange trading process, from origination to distribution.
Conference vendor news
This year's New York event has more vendors than ever. Here we present a quick guide to what some of them will be promoting
BrewerFX partners with Learn: Forex
CHICAGO – BrewerFX, a subsidiary of wealth management firm Brewer Investment Group, has selected Learn:Forex, the US-based FX learning institute, as its exclusive partner for managed FX trading and FX education.
Emerging markets prediction pays off
BNP Paribas put its recent turnaround in the three-month ranking down to an approach that saw it anticipate a downward trajectory for the dollar that would be interrupted by periods of strength.
UBS move to Zurich sparks first departures
ZURICH & LONDON – UBS's decision to exit London and move to Zurich has led to the first departures at the bank.
Electronic FX talent must be rewarded
This week sees the e-FX awards handed out to the best and brightest in the industry. I can't give a sneak preview of the winners as they will be revealed on Tuesday and covered in next week's issue. However, I'd like to share some observations that the…
Trading tech spending to exceed £3bn in UK
LONDON – Trading technology spending by UK financial institutions is set to rise above £3 billion per year, according to a dealing room survey from advisory and consulting company Kimsey Consulting.
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.