Articles by FX Markets Staff
Retail vs professional: a clash of values
An issue that seems to be emerging is the clash of values between the retail and professional markets in how they operate, specifically what happens when deals are done on off market prices.
New spot FX trading chief at Morgan Stanley
LONDON - Morgan Stanley has lost its head of European spot foreign exchange trading in London, the US dealer has confirmed with FX Week .
Wachovia reveals sharp revenue jump
NEW YORK, CHARLOTTE, NC & STOCKHOLM - Despite suffering overall fixed-income revenue losses, Wachovia reported a staggering 76% year-on-year increase in global rate products, including foreign exchange, for the second quarter.
StreamBase adds 20 more clients for CEP software
LEXINGTON, MA - StreamBase has signed 20 additional clients to use its Complex Event Processing (CEP) software this year.
Solutions to rouble trouble
The rouble derivatives market developed in haste after further liberalisation of the currency in July 2006 and positive changes to the Russian Civil Code 1062, centring around the previous treatment of derivatives as gaming, in January 2007.
Retail forex drives up Tokyo volumes
TOKYO - Retail foreign exchange margin and short-term speculative trading in Japan contributed to a 12.9% rise in average daily spot FX turnover in April to $105.3 billion, versus the same time last year, say analysts.
Smith leaves Travelex for Investec
NEWCASTLE - George Smith, corporate business development manager at Travelex, has quit the foreign currency travel specialist and resurfaced at Investec, the bank has confirmed with FX Week .
ABN talks positive for CBA FX
SYDNEY - The Commonwealth Bank of Australia's (CBA) talks to buy ABN Amro's Australian and New Zealand businesses could pave the way to exponential foreign exchange growth, Boston-based consulting firm Aite Group tells FX Week .
Perez-Yarza emerges at JP Morgan
LONDON - A former member of Credit Suisse's foreign exchange sales team to Southern Europe, Guillermo Cebrian Perez-Yarza, has resurfaced at JP Morgan, he has told FX Week .
Thomson Reuters to consolidate networks
NEW YORK - Thomson Reuters plans to merge its five combined data delivery networks over the next five years, to produce a single data infrastructure based on the Reuters Integrated Data Network (IDN).
The euro big picture revisited
Nikola Mirtchev, a trader/economist at London-based asset manager 3D Currency Management in London, predicts the future of the euro as the eurozone finally begins to feel the effects of the credit crunch
BarCap shakes up Asian forex management
SINGAPORE - Steve Weller, Barclays Capital's Singapore-based Asia-Pacific head of foreign exchange since 2004, has taken a sabbatical, leaving his responsibilities split among new and veteran members of the regional forex team.
Olsen Financial Tech opens tick database
ZURICH - Olsen Financial Technologies, a Zurich-based historical foreign exchange tick data vendor, has begun offering unlimited access to its database of foreign exchange tick data back to 1986 and equity index futures dating back to the mid-1990s for…
SocGen hires Deutsche veteran
LONDON - Société Générale has boosted its foreign exchange salesforce with the hire of ex-Deutsche Bank veteran Richard Saltzman in London, the dealer has confirmed.
StanChart relaunches sharia platform
DUBAI - Standard Chartered has relaunched a sharia-compliant version of its online treasury (OLT) foreign exchange trading and hedging platform, after incorporating the version into its global brand for Islamic products, Standard Chartered Saadiq.
And so here it is...
If you were curious to know how much revenue a retail trading company can generate in a quarter, then here it is. Read on if you want to know what the CME Group really thinks about FXMarketSpace.
JP Morgan live on FXSettle
CHICAGO - JP Morgan has emerged as one of the three prime broking banks using settlement system FXSettle on trading platform FXMarketSpace (FXMS).
Will we ever move to a fee-based model?
The competition to gain retail clients and white-label partnerships by retail trading companies and vendors is leading to more creativity in service provision.
Icap quells fears with positive Q2 results
LONDON - Interdealer broker Icap quelled fears over the future performance of its businesses last week, by reporting a 15% rise in second quarter revenues compared with the same period last year.
ANZ sets sights on north-east Asia
HONG KONG - ANZ has expanded its Hong Kong office to create a new regional hub for its capital markets business and foreign exchange operations across north-east Asia, officials tell FX Week .
Lloyds TSB expands forex solutions team
LONDON - Lloyds TSB Corporate Markets has made four hires in its corporate and institutional foreign exchange solutions team in London, as part of a continued effort to expand its risk solutions service.
Gray decamps from Saxo Bank
LONDON - Saxo Bank has lost its senior manager in institutional sales in London, the Copenhagen-based dealer has confirmed with FX Week .