Trading
January - Prime brokerage kick-starts the year
From the Allfirst Financial scandal to the launch of CLS, you read it here first in 2002. FX Week reviews the top news stories of last year
Israel completes shekel liberalisation
TEL AVIV -- The Bank of Israel last week announced the abolition of the last of its FX controls, making the new Israeli shekel fully convertible.
2003: year of the euro?
2003 could be a good year for the euro and the yen, but the outlook is not so healthy for the US dollar, says Jesper Dannesboe, chief FX strategist at Dresdner Kleinwort Wasserstein in London
Citi endorses job sharing
LONDON -- Job sharing among forex professionals is becoming a growing trend in the markets, senior officials told FX Week .
August - The race for CLS clients
The race for CLS clients
Technology briefs
Bundesbank completes STP for foreign currency reserves
September - The forex credit crunch
The forex credit crunch
October - Multi-bank evolution continues
Multi-bank evolution continues
May - ACI Congress spots euro rise
ACI Congress spots euro rise
Markets get off to a busy start
LONDON -- There was no rest for FX markets through the festive period and into 2003, as the euro hit a three-year high against the dollar before the greenback fought back to recover.
FX Week 2002 award winners
More than 1,000 banks, corporate treasuries and investors voted in our 2002 survey. Winners are listed below and split in to two pages from the links below. The Winners are pictured at the awards dinner held in London on November 21.
November - Citi sparks outsourcing debate
Citi sparks outsourcing debate
February - Rogue trading hits the headlines – again
Rogue trading hits the headlines -- again
March - Atriax sunk by failed merger talks
Atriax sunk by failed merger talks
Merger sparks vendor war
LONDON -- Sparks were flying in the e-forex industry last week, as banks, vendors and brokers reacted to the fallout from Reuters’ purchase of rival FX trading software firm AVT Technologies.
ING breaks new ground in FX swaps
SEOUL -- Dutch bank ING is to provide a 21-year swap for South Korea’s first cross-border residential mortgage-backed security (RMBS). "This is the first 21-year cross-border swap done in the Korean market," said Marc Choo, a Hong Kong-based director in…
Pronet seeks global distributors
LONDON -- FX analysis firm Pronet Analytics is in talks with several parties regarding the global distribution of its products, said Shane Smith, chief executive of Pronet.
Commerzbank cuts in London
LONDON -- Commerzbank has shed four foreign exchange jobs in London, a source at the bank told FX Week .
IFX announces tripling profits
LONDON -- Financial trading and spread-betting company IFX last week announced its interim profits have tripled year-on-year.
Freezing assets
We could be in for an abrupt change in climate. Steen Jakobsen (right) and John Hardy reveal how to adapt your portfolio to a new Ice Age
Streaming data in demand
LONDON -- Streaming data provider Dealing Technologies is seeing strong interest from FX banks in its new product, senior officials at the firm told FX Week.
Aussie fights the flames
High-yielding currencies such as the Australian dollar continue to enjoy a measure of support among international money managers, says Michael Derks, chief global strategist for Commonwealth Bank of Australia in London
Japanese FI goes international
TOKYO -- Japanese fixed-income investors added $25 billion of global forex volume in the past year through diversification of their portfolios, according to a report made public last week.