trading
Interbank market builds consensus
LONDON – Currency managers were up in November, benefiting from a continuation of net movement out of the US dollar, indicates research by Royal Bank of Scotland. According to the bank's naive simulations of currency strategies,...
COPENHAGEN – Saxo is set to increase its assets under management by $1 billion (Dkr5 billion), through the acquisition of the Nordic arm of E*Trade’s online bank and trading platform. Saxo said last Wednesday (December...
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TOKYO – Japanese margin traders cut 48% of their long USD/JPY positions on November 27, to reach $5.6 billion, as they unwound carry positions, according to JP Morgan research. Risk aversion followed Dubai World’s...
CCIL soft launches with group of early adopters
The average oil price for 2010 will be $78.35 a barrel for WTI and $75.90 for Brent, according to a survey of 11 analysts conducted by Energy Risk last month. Price forecasts for 2010 are 25% higher than the average 2009...
Bank says demand for institutional allocations via managed account structures remains robust
BAGHDAD – Trade Bank of Iraq (TBI) has gone live on the Thomson Reuters Dealing trading service, marking the first Iraqi bank to join the system. The London-based broker has provided TBI’s Baghdad trading room with a Dealing...
LONDON – Foreign exchange revenues rose 6% at Icap for the six months to September 30, but average daily trading volumes on EBS Spot fell 44% year-on-year in October. In the interdealer broker’s results released last week...
LONDON - Former Bank of America spot trader Sachin Shah has founded his own proprietary trading company, Savi Trading, to target the thriving retail foreign exchange market.
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