Trading
US banks boosted by foreign exchange
NEW YORK – US banks have posted a strong Q2 for FX in recent weeks.
Renminbi takes first step
BEIJING – Banks are predicting further significant appreciation in the renminbi following the long-awaited shift in the currency announced last Thursday.
How exchange rates drive monetary policy
With interest rates being a major driver of exchange rates, Peter Luxton, global markets adviser at Informa Global Markets, says with US rates appearing stretched, the outlook for the dollar is changing
Relative value after the peg
Marios Maratheftis, FX strategist with Standard Chartered in London, looks at where to find value in Asian currencies following the end of the Renminbi's dollar peg
Cyclical factors maintain greenback's strength
Calyon has maintained its dominance of the 12-month ranking because it has been consistently bullish on the dollar for the past year, according to Mitul Kotecha, global head of FX research at the French bank in London.
Banking relationships remain key
Banking relationships will remain important despite the fact that costs are coming down and there are ever more channels from which clients can choose.
FX Week's e-FX awards 2005
The following is an overview of our annual e-FX awards, as first published in our e-FX supplement.
Stiff competition for multi-bank portals
NEW YORK – Multi-bank portals will find it hard to compete in a market where there is increasing competition for buy-side clients.
JP Morgan signs fund customer to Reuters
NEW YORK – JP Morgan became the first bank last week to go live with fund customers for Reuters' buy-side initiative Reuters Trading for Foreign Exchange (RTFX).
Swissie likely to return to strength
Uninspiring Swiss fundamentals, a recovery in risk appetite, positive surprises in prominent global data indicators and potential political risks in Switzerland have all hurt the Swiss franc. However, EUR/CHF is on its way up, says, Benedikt Germanier,…
Euro 'particularly vulnerable'
Pronet Analytics tops the one-month ranking this week following a realignment of its view on the dollar.
Portals tackle liquidity issues
NEW YORK – The rise in anonymous trading has changed the way banks distribute liquidity.
EBS joins algorithmic bandwagon
LONDON – FX trading platform EBS is to enable algorithmic trading over its platform as it enhances capabilities to expand the range of services available to the buy side.
GFT opens Aussie office
SYDNEY – Global Forex Trading (GFT), the provider of real-time currency dealing, pricing and services for retail and institutional forex traders, has begun operating a field office in Sydney, Australia.
Hedging North Asia FX risk
Michael Image, FX structurer in Hong Kong, and Callum Henderson, head of FX strategy in Singapore, at Standard Chartered Bank, look at appropriate hedging strategies such as structured forwards or daily accrual forwards for hedging North Asian currency…
RBS hits the heights on Cfets
SHANGHAI AND EDINBURGH – Royal Bank of Scotland (RBS) has done the most deals and seen the highest volume on Chinese trading system China foreign currency trading system (Cfets) since its launch.
Reuters consolidates Knowledge platform
New York – Reuters is introducing a new version of its Knowledge research and fundamental analysis product, which will replace the previous Reuters and Multex incarnations of Knowledge with a single platform.
Nihon Unicom joins EBS Prime
Tokyo – Prime brokerage platform EBS has increased its exposure in Japan by signing up a Japanese futures commission merchant (FCM) as an EBS Prime customer.
London blasts hit e-trading
LONDON – Last Thursday’s terrorist attacks in London caused widespread disruption to electronic trading, with spreads widening considerably and at least one bank not delivering prices to a portal.
London bomb blasts test contingencyplans
LONDON – Last Thursday’s terrorist attacks on London put the FX market’s contingency plans to the test, as explosions ripped through the heart of the global forex capital.
BNP tops by picking dollar rally
BNP Paribas has jumped 10 places to top the one-month ranking, following its prediction that the dollar would rally, driven by interest rate and growth differentials.
Hedge fund interest in forex continues
London – High profile banks and investment houses are launching currency fund of hedge funds (FOHFs), showing the continuing interest as FX as an asset class.