Articles by Saima Farooqi
Investors calm over euro threat
More than three out of five institutional investors believe fiscal issues will prevail in 2011, according to Barclays Capital’s inaugural Global Macro Survey, released last week (December 13).
BAML launches e-FX trading platform for options
Bank of America Merrill Lynch (BAML) launched electronic FX options trading for institutional and corporate clients on its single dealer platform MLFX on Monday (December 13).
RBS appoints new head of North America trading
Royal Bank of Scotland has appointed a new head of North America trading for G-11 spot foreign exchange.
HKEx to launch NDF clearing facility by 2012-end
Hong Kong Exchange and Clearing (HKEx) plans to launch a central clearing facility for the local over-the-counter market, beginning with interest rate derivatives and non-deliverable forwards, by 2012-end.
SEB launches offshore Chinese yuan services
SEB has launched an offshore Chinese yuan (CNH) cash management, trade finance and foreign exchange business, officials announced today (December 13).
Value strategy up in November
Currency managers employing the value strategy are likely to have been the only managers to have generated positive returns in November, as the US dollar posted strong gains across all currencies, indicates research from Royal Bank of Scotland.
FXall releases Trading version 4.0
FXall is today (December 13) announcing the release of FXall Trading 4.0, which aims to bring together key benefits for all client segments including active traders, asset managers, banks and corporate treasurers.
Icap pilots bank-only block trading platform for manual users
Interdealer broker Icap is today (December 13) beginning the pilot of a bank-only block trading platform for manual users of the EBS workstation, officials at the broker tell FX Week.
Parker down in October
The Parker FX Index reported a loss at -0.12% in October, as markets were marked by a depreciating US dollar, with the DXY Index declining to -1.85%.
BIS: 'Others' drive growth in FX market
The Bank for International Settlements (BIS) attributes 85% of the growth in FX market turnover in 2010 from 2007 to increased trading activity of other financial institutions, notably high-frequency traders, banks trading as clients of the biggest FX…
The curious case of Pure FX
There’s been a lot in the press in the past week about a consortium of banks looking to launch a bank-only platform to rival EBS Spot, having become disgruntled by the influence lost to high-frequency traders.
LCH.Clearnet beats CME in FX clearing race
LCH.Clearnet has signed 13 banks up to a new foreign exchange options clearing venture - ForexClear - due to open for business in late 2011, according to a statement.
SG CIB live with DealHub for price distribution
Société Générale Corporate & Investment Banking (SG CIB) is using DealHub as its e-FX price-distribution system, as part of ongoing enhancements to its systems and infrastructure.
Forex industry boosts operational efficiency with 95% ticket-compression rate
The FX industry has met with initial success in battling operational risk, with eight dealers achieving ticket-compression rates of more 95% through the joint-venture trade aggregation system by CLS and Traiana.
Ta Chong Bank live with FinIQ’s Liquidity Link
Ta Chong Bank in Taipei went live with FinIQ's Liquidity Link system at the end of November, to automate the liquidity-provision process in forex options.
Velsys continues expansion with new hires in London
London-based FX technology vendor Velsys has made two hires in London as it aims to increase its presence in Europe, the Middle East and Africa.
Are exchanges admitting defeat on the forex clearing debate?
Are exchanges expecting forex swaps and forwards to be exempt from mandated central clearing rules in the US? There was only a seemingly brief attempt at putting forward the case for inclusion last week.
Credit Suisse FXPB gains 40 new clients
Credit Suisse has gained 40 new clients since marketing its relaunched foreign exchange prime brokerage (FXPB) business this autumn.
Credit Suisse launches enhanced FX prime-brokerage platform
Credit Suisse launched its enhanced foreign exchange prime-brokerage platform today (November 30), facilitating global clearing and execution solutions to hedge funds, asset managers and other financial institutions.
A call for closure
Indications of the multiplicity of challenges that central clearing will introduce to the forex markets came thick and fast at the FX Week Europe congress in London last Tuesday (November 16).
Digital Vega launches multibank FX options trading platform
LONDON - Digital Vega has become one of the first vendors to fill a gap in the market for a multi-bank forex options trading platform, with the launch of Medusa last week.
JP Morgan offers streaming spot DXY
JP Morgan is pushing out streaming tradable spot prices for the US dollar index (DXY) over its electronic trading platform MorganDirect, with liquidity across a full forward curve and the ability to roll positions automatically.
Société Générale pushes Alpha FX
Société Générale has begun mass marketing of its in-house developed electronic trading platform, Alpha FX, as it phases out First Access, its Currenex white-labelled platform.