The latest news articles from FX Week

Turnover reaches $4 trillion

Tue, 07 Sep 2010 10:26:58 GMT

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.

Widmer out as Citi rolls in new e-commerce team

Sun, 05 Sep 2010 23:14:40 GMT

FX Week

NEW YORK & ZURICH - Citi has established a new G-10 FX electronic commerce relationship management team, shortly after two senior FX managers resigned from the bank.

Trend the poorest-performing strategy for August

Sun, 05 Sep 2010 23:14:40 GMT

FX Week

LONDON – Currency managers using the trend strategy ended August at a loss of -2.2% as risk aversion led to a move into safe-haven currencies, indicates research by Royal Bank of Scotland.

Trading Places, September 6, 2010

Sun, 05 Sep 2010 23:14:40 GMT

FX Week

Read this week's Trading Places to catch up on people moves across the FX world.

CFTC retail FX rules fail to curb offshore trading

Sun, 05 Sep 2010 23:14:40 GMT

FX Week

WASHINGTON, DC - The US Commodity and Futures Trading Commission's (CFTC) compromise to limit leverage on retail FX trading accounts to 50:1 from a proposed 10:1, is unlikely to curb the shift of retail business offshore, according to market participants.

Non-banks lead 20% rise in FX turnover

Sun, 05 Sep 2010 23:14:40 GMT

FX Week

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.

Exchange volumes continue rise in August

Sun, 05 Sep 2010 23:14:40 GMT

FX Week

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.

MEPs win on powers for new European supervisory bodies

Fri, 03 Sep 2010 17:00:15 GMT

FX Week

Pan-European authorities will have the power to impose emergency measures and intervene with financial institutions, after parliamentarians gained ground in a compromise agreement

UK structured products stuck on repeat

Fri, 03 Sep 2010 17:00:15 GMT

FX Week

An unfavourable pricing environment and investor caution is resulting in a series of familiar structures in the UK market. A few variations in underlying are evident but all come back to income

JP Morgan slashes commodities desks

Fri, 03 Sep 2010 16:23:47 GMT

FX Week

Fate of other prop desks unclear ahead of enactment of Volcker Rule

Deutsche Bank enhances Autobahn FX for FXO

Fri, 03 Sep 2010 16:23:47 GMT

FX Week

LONDON - Deutsche Bank has built out its trading capabilities for forex options on electronic trading platform Autobahn FX, as competition for electronic business moves to the options market.

JP Morgan slashes commodity desks

Fri, 03 Sep 2010 15:48:05 GMT

FX Week

Fate of other prop desks unclear ahead of enactment of Volcker Rule

RBS hires in prime brokerage from BarCap

Fri, 03 Sep 2010 09:24:13 GMT

FX Week

STAMFORD, CT - Royal Bank of Scotland is expanding the Americas coverage of its prime-brokerage business with the hire of Matthew Shuman to its fixed-income, currencies and commodities (FICC) prime brokerage team.

Non-banks lead 20% rise in FX turnover

Thu, 02 Sep 2010 14:00:37 GMT

FX Week

RBS hires in PB from BarCap

Wed, 01 Sep 2010 16:06:29 GMT

FX Week

STAMFORD, CT - Royal Bank of Scotland is expanding the Americas coverage of its prime brokerage business with the hire of Matthew Shuman to its fixed income, currencies and commodities (Ficc) prime brokerage team.

Retail brokers win US leverage battle

Tue, 31 Aug 2010 15:35:13 GMT

FX Week

The US Commodity Futures Trading Commission (CFTC) buckled to pressure from retail traders by abandoning a proposal to reduce leverage to 10:1 from 100:1, in new rules published last night (August 30).

UK FSA revisits trading regulation in comprehensive review

Mon, 30 Aug 2010 06:10:31 GMT

FX Week

Financial Services Authority identifies valuation, capital framework coherence and risk management as key problem areas; issues 15 recommendations to revitalise standards

SEB FXPB targets Q4 live date on EBS and Reuters

Mon, 30 Aug 2010 06:10:31 GMT

FX Week

SEB will go live with three prime brokerage clients on EBS Spot and Thomson Reuters Matching for Prime Brokerage at the start of the fourth quarter.

Lloyds TSB hires Yates

Mon, 30 Aug 2010 06:10:31 GMT

FX Week

Lloyds TSB Corporate has hired Sara Yates as sector economist in London, the bank said today (August 25).

Commerzbank builds FX globally

Mon, 30 Aug 2010 06:10:31 GMT

FX Week

Commerzbank has made key hires in sales and trading across Asia, Europe and the US as it strengthens its global FX business, the bank said on August 25.

Morgan Stanley builds out structuring

Mon, 30 Aug 2010 06:10:31 GMT

FX Week

Morgan Stanley has hired Stefano Diamantini from JP Morgan in London, in a bid to improve its FX structuring capabilities, according to market sources.

Thomson Reuters veteran to leave

Mon, 30 Aug 2010 06:10:31 GMT

FX Week

Mark Redwood, president, sales and trading, in the markets division at Thomson Reuters in London, is due to leave by the end of the year, the company confirms.

Barnes bows out of RBS

Mon, 30 Aug 2010 06:10:31 GMT

FX Week

Royal Bank of Scotland (RBS) has suffered a double blow with the departure of its global head of FX, Mark Barnes, in London and Christiane Mandell, head of RBS' Latin American businesses in Mexico and Brazil, based in Stamford, Connecticut.

Alpari US live with Morgan Stanley FXPB

Mon, 30 Aug 2010 06:10:30 GMT

FX Week

Retail trading company Alpari US has dropped Newedge in favour of Morgan Stanley as its foreign exchange prime broker, as part of plans to reduce trade sizes and auto-hedge its retail flows.

Citi appoints Asia ex-Japan strategy chief

Mon, 30 Aug 2010 06:10:30 GMT

FX Week

Citigroup appointed Patrick Perret-Green as head of FX and local markets strategy for Asia, ex-Japan.