Japan
Non-banks lead 20% rise in FX turnover
BASEL - The global financial crisis has led to a slowdown in the growth of the foreign exchange markets, with most activity shifting to the investor community from the trade-based flow.
Citi appoints Asia ex-Japan strategy chief
Citigroup appointed Patrick Perret-Green as head of FX and local markets strategy for Asia, ex-Japan.
ETF Securities to add 3x leveraged currency product
LONDON – ETF Securities is looking to add to its range of 58 listed currency exchange-traded products (ETP) by adding currency products that are leveraged by a multiple of three in September, said its chief operating officer in London, Nik Bienkowski.
RBC: Japanese limits on margin trading will weigh on Aussie/yen cross in August
Japanese plans to limit leverage on margin trading to a maximum of 50 times collateral in August could affect Australian dollar/yen cross rates.
Retail brokers build up product range amid regulatory change
SYDNEY & TOKYO - Retail trading companies are diversifying the range of products tradable via contracts-for-difference (CFDs) as regulators continue to crack down on retail forex margin trading globally.
FXall gains Prime client in Japan
TOKYO - Tokyo-based retail forex broker FX Prime Corporation began using FXall’s graphical user interface-based trading platform to access liquidity last week (June 10).
Commerzbank in e-FX build
Commerzbank is deepening its footprint in the electronic foreign exchange market with key appointments in London.
Gaitame.com chooses Integral for liquidity aggregation
Tokyo-based retail trading company Gaitame.com has replaced its single-bank platform with a software-as-a-service liquidity aggregation system developed by Integral, to improve pricing and risk management.
FXall targets Japan expansion
TOKYO – FXall continues to expand its presence in the Asia-Pacific region, with a key hire from Deutsche Bank in Tokyo.
China draws on Japan experience
The message was clear at the FX Week China congress in Beijing last Tuesday, China will move on its currency, but at it’s own pace.
Icap extends market data deal with Quick in Japan
Japanese market data vendor Quick has extended its partnership with interdealer broker Icap to include redistribution rights for the Icap Fix data service, which was launched at the end of last year to meet demand driven by growing regulatory and risk…
Traders position for yen weakness
LONDON - The close of the Japanese financial year sparked a flurry of activity at options desks last week, as speculators and hedgers bought USD/JPY calls with expectations for the yen to continue its losing streak versus the greenback.
Asia live with pooled reserves fund
HONG KONG – Asia took a crucial step towards regional independence with the introduction of $120 billion in reserve funds under the Chiang Mai Initiative Multilateralisation (CMIM) arrangement, last Wednesday (March 24).
Integral debuts trust bank allocation module
Vendor capitalises on regulatory changes in Japan
FXall gets big break in Japan
Quick rolls out white-label version of multibank platform
Banks pull out of PRDC market
Dealers exit as hedging costs surge
Société Générale strengthens Japan FX business team
French dealer continues global build
Brokers unite to fight new CFTC rule
Backlash against new leverage limits
Westpac tops tables by backing euro
Westpac topped the one-month currency forecast rankings this week with expectations the euro would maintain its strength over the US dollar and yen.
Japan's retail investors: A piece in the yen puzzle
Michael Klawitter, senior currency strategist at Commerzbank in Frankfurt, evaluates the relationship between Japanese retail traders and the yen