Spot market
Gorra leaves RBS
Peter Gorra, head of G-11 foreign exchange spot trading for the Americas at Royal Bank of Scotland, has left the bank, according to market sources.
Exchange volumes continue rise in August
CHICAGO – Volumes in foreign exchange products on the Chicago Mercantile Exchange were up 15% in August, with 11.7 million contracts traded a day on average, the exchange said last week.
Turnover reaches $4 trillion
Trading between banks and the non-bank financial institutions surpassed interdealer volumes, reveal preliminary statistics from the Bank for International Settlements' (BIS) triennial foreign exchange survey.
CLS year-on-year volumes up in July
NEW YORK - CLS experienced a year-on-year rise in volumes settled over the system in July, but reported a decline from June, reflecting a drop in market volatility.
Yield strategy delivers in July
LONDON - Currency managers using the yield strategy were the best performers in July, benefiting from improving European economic data and positive banking stress tests, shows research from Royal Bank of Scotland (RBS).
Global forex growth on the up
GLOBAL - Global foreign exchange growth increased this year from October 2009, as investor confidence in the FX market has returned following the global financial crisis, despite concerns over the eurozone.
Spot activity levels up year-on-year in June
LONDON - Electronic brokers reported a marginal rise in trading activity in June versus the same period last year.
Thomson Reuters Spot Matching launches new Arab currencies
DUBAI – Thomson Reuters launched three new Gulf Co-operation Council (GCC) currencies in April on its Spot Matching system, in response to customer demand.
Barclays Wealth adds to retail FX system
LONDON - Barclays Wealth has upgraded its retail foreign exchange trading platform, BarxDirect, as it prepares for the rollout of exotic Asian currencies next month.
Credit Suisse seeks trading chief
Delelis heads to buy-side
London dominates in forex
London tops rival cities, retaining its crown as the global hub for spot FX.
The next phase of liquidity access
As the spot foreign exchange market continues to grow, what are the main players saying about liquidity, trends and market consolidation?
FX volumes bounced back in 2009
Foreign exchange daily trading volumes rise in 2009.
Global banks cause pricing bother in Asia
SINGAPORE - A change in foreign exchange options pricing convention by global banks is making it difficult for regional dealers to compete, according to Elliott Hann, head of sales in the data and analytics group at GFI.