Trading
Moscow bourse launches interest rate futures
MOSCOW – Moscow Interbank Currency Exchange (Micex) launched trading in short-term rouble interest rate futures last week.
Dollar focus in H1 set to continue
The focus on the dollar seen in the first half of the year is likely to continue for the rest of 2006 according to Matthew Foster-Smith, senior currency analyst at Thomson Financial in London.
North American companies not ready to take on FX risk
NEW YORK – North American firms are insufficiently prepared to deal with FX risk, according to a survey by forex specialist Travelex.
Citigroup loses four in Milan sales
MILAN – US bank Citigroup has lost a number of its Italian FX institutional sales team in Milan in recent weeks, according to market sources.
Positive returns for most in April
More managers see positive returns, with systematic styles winning out, while discretionary managers post poorest results
Technology is the key to success
Icap's decision to introduce multi-asset class trading following its acquisition of EBS shows that it is serious about capitalising on the advantages that owning the company bestows.
RBS expands global sales team
GLOBAL – The Royal Bank of Scotland (RBS) has boosted its financial institutions sales team with nine hires globally.
Icap to launch multi-asset class trading
LONDON – Icap is set to offer multi-asset class trading following the acquisition of EBS, with Jack Jeffery taking a central role at the restructured business.
EBS set to take NDF trading online
LONDON – Non-deliverable forwards are set to be traded electronically with EBS. The platform is in discussion with banks about making them available on the platform.
Safe proposes forex management agency
SHANGHAI – The central bank of China's FX regulator plans to set up an agency in Shanghai in the summer to oversee the country's FX reserves portfolio, according to local press reports.
BarCap rolls out e-FX for Asia
SINGAPORE – Barclays Capital (BarCap) has launched electronic trading of vanilla FX options in Asia via its proprietary platform, Barx for FX Trading.
Cognotec to roll out e-trading platform
LONDON – Cognotec last week began the first-phase roll out of an e-trading solutions platform that will bring together all client segments and asset classes.
GFI to launch hybrid offering
NEW YORK – Broker GFI is set to introduce a hybrid voice and electronic options offering, and is making management changes to reflect the increased capability.
Speculative positions for all currency pairs
Senior portfolio strategist Henrik Degrér at SEB in Stockholm develops a proxy to gauge speculative positions for all currency pairs
Reuters adds four banks to RTFX platform
LONDON – Deutsche Bank, Dexia, HSBC and Société Générale (SG) have joined Reuters' bank-to-client platform Reuters Trading for Foreign Exchange (RTFX).
Global sales head for HSBC
NEW YORK & LONDON – HSBC has made Rod Prat global head of sales, global markets, in New York, as it looks to implement a global strategy.
Looking beyond US interest rates
The key themes underpinning most bearish US dollar forecasts have been the Fed ending its tightening cycle and a slowing US economy.
EBS boosts Hong Kong and Singapore dollar trading
HONG KONG – Spot broker EBS has added 10 currency panels per page to its EBS Spot screen in a bid to increase trading in Asian currencies.
Cognotec to roll out e-trading platform
LONDON – Cognotec last week began the first-phase roll out of an e-trading solutions platform that will bring together all client segments and asset classes.
E-trading for Calyon Financial
PARIS – Calyon Financial, the brokerage arm of French bank Calyon, last week launched an online forex trading platform called Calyon Financial FX Edge.
Letter To The Editor
I enjoyed reading your article (page 6, May 15) on the toxic flow and the entry into retail business by banks.
Manila plays host to forex industry
Friday MANILA – The conference proper starts on Friday, with welcome remarks from Amando Tetangco, governor of the Bangko Sentral ng Pilipinas, and the secretary of the department of finance, Margarito Teves. Delegates will then hear from the president…
EBS hits daily volume record
LONDON – EBS hit another daily volume record last week, amid volatile market conditions.
SEB selects Monarch for MAP
STOCKHOLM – Skandinaviska Enskilda Banken (SEB) has selected Monarch Capital Management as a manager in its FX Managed Alpha Product (FX MAP) currency platform.