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Down but not out

The Fukui scandal could bring about temporary depreciation for the yen, says Toru Umemoto , FX strategist at Barclays Capital in Tokyo

DrKW leads with bearish dollar view

Dresdner Kleinwort Wasserstein (DrKW) tops this week's three-month rankings due to its commitment to a bearish dollar view, said Tim Fox, FX strategist at the bank in London.

Polar launches currency fund

LONDON - Hedge fund firm Polar Capital has launched its first currency-based fund, a move indicating continued interest in FX as an asset class.

Reuters ties to Standard Bank

NEW YORK & JOHANNESBURG – Standard Bank of South Africa has gone live with Reuters trading technology. The deal makes Standard Bank the first South African bank to make use of Reuters e-trading technology to power its FX e-commerce trading platform for…

IFX opens down under

SYDNEY - Brokerage company IFX Group has opened a new branch office in Sydney after being granted a licence by the Australian Securities and Investments Commission to provide derivatives products. These are mainly contracts for difference and FX.

Shortlist for e-FX awards available online

The shortlist for the FX Week e-FX awards has been decided. The awards, which celebrate best practice and innovation in e-FX, have been redesigned to make them more suited to the current e-FX landscape and have been given a more rigorous judging process.

Merrill Lynch departures continue

LONDON – The departures from Merrill Lynch have continued, with a quartet of staff leaving in the wake of a restructuring at the US investment bank.

Cfets plans bond trading

China Foreign Exchange Trading System (Cfets) is to introduce an electronic system to trade US dollar-denominated bonds. The plans emerged following the publication of a report at a conference held last week in Qinghai province organised by the National…

Merrill Lynch departures continue

LONDON – The departures from Merrill Lynch have continued, with a quartet of staff leaving in the wake of a restructuring at the US investment bank.

Remaining NAB traders found guilty

MELBOURNE – The final two foreign currency options traders behind the rogue trading scandal discovered at National Australia Bank (NAB) in 2004 were found guilty last month.

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