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China joins forex community

BEIJING – Large-scale FX trading is coming to the Chinese market, with EBS linking to three major state-owned banks in the country.

India’s CCIL adds more banks

MUMBAI – Indian FX settlement service the Clearing Corporation of India (CCIL) has gone live with seven client banks and plans to add a further five in the next two months, a senior official told FX Week .

JPMTS signs up CLS third party

BERLIN – JP Morgan Treasury Services has signed up ADM Derivatives as a CLS third-party client, as part of a solution the bank is offering, which includes a suite of multi-currency accounts.

Simple is best

Simon Derrick, head of currency strategy at Bank of New York in London, says ‘simple is best’ when looking to increase exposure to sterling to take advantage of a continued widening of the interest rate differential

BNP cautions on the dollar

The dollar has gained support from expectations of further rate hikes by the Fed. But Ian Stannard, senior currency strategist at BNP Paribas in London, warns that risks lie ahead for the greenback.

Avian flu: a big risk?

Ashley Davies, FX strategist at UBS in Singapore, identifies the key stages of the spread of a disease, and identifies its impact on the currency markets

Rupee boosted by potential RBI intervention

MUMBAI – Comments from an official at India’s central bank have sparked speculation that it is set to intervene to protect its currency, providing a brief boost for the rupee last week.

FX Week comes to Asia

HONG KONG – This week sees the inaugural FX Week Asia conference in the Special Administrative Region at the Renaissance Harbour View Hotel.

IFX Group gets a boost from forex

LONDON – IFX Group, the City-based financial trading and spread betting company, expects to make in excess of £1.7 million in its interim results, after strong profit growth in its global FX trading operations.

Tietmeyer warns of global imbalances

LONDON – The increasing level of global imbalances is leading to greater risks for the global economy, according to Hans Tietmeyer, former president of the Deutsche Bundesbank.

Forex hits the wild east

ALMATY – The rapid expansion of the emerging market economies is forcing the development of local currency derivatives markets.

Dollar strength to continue

Investor Bank & Trust continues its ascent up the three-month rankings as its commitment to a bullish dollar view pays off.

Barclays offers Chinese research

HONG KONG – Barclays Capital is launching its FX weekly research in traditional and simplified Chinese for the Hong Kong, Taiwan and mainland Chinese investor base.

Yuan for the money

With the growing importance of the Chinese market, James Malcolm, senior currency strategist at Deutsche Bank in Singapore, suggests range-trading USD/CNY NDFs from the short side, to capture gains

Logiscope speeds up messaging

LONDON – Logiscope, a provider of market data and post-transaction messaging to the financial community, launched the TradeSTP Vendor Partnership Program last month. The new initiative is set to expand and speed up the certification of Logiscope's deal…

Interactive to switch FX feed

BEDFORD, MASSACHUSETTS – Data vendor Interactive Data is to switch off an old forex data feed from its ComStock division and replace it with a new one from another part of ComStock, GTIS.

Record Q3 for US banks

NEW YORK – US investment banks have posted record-breaking third quarter results, largely arising from a profitable quarter in foreign exchange.

BarCap predicts dollar fightback

Barclays Capital has moved up the ranks in the one-month forecast by accurately predicting US dollar weakness in August would be short-lived.

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