Post-trade

Fisher: FX will slow down to assess risk

LONDON - Activity in the foreign exchange market will "pull back" over the next couple of years, while risk management will become a key focus for the industry, according to Paul Fisher, London-based head of the FX and reserves management division at the…

UBS wins with front-to-back approach

UBS has retained its number one position as the best bank for foreign exchange prime brokerage in this year's FX Week Best Bank Awards. Deutsche and Citi followed in second and third places respectively.

RBS to cut 3,000 jobs

LONDON & EDINBURGH - The Royal Bank of Scotland (RBS) is set to cut 3,000 jobs from its global banking and markets division (GBM), with a third of them expected to fall in the UK.

Top banks take DealHub analyser

NEW YORK - Two Tier I banks have adopted Option Computers' DealHub Conversation Analyser module for foreign exchange options, to extract FX options and spot hedge ticket details from Reuters Dealing 3000 conversations.

Thomson Reuters emerges on top

Thomson Reuters has reclaimed the title of best broker in emerging markets (EM) from Tullett Prebon, while also holding the number one spot in the best market data provider category.

Thomson Reuters shows eye for detail

Thomson Reuters has retained first place as best vendor in the dealing technology category thanks to a focus on detail, according to Paul Allmark, global head of Reuters Electronic Trading (RET).

Customers look to HSBC for stability

HSBC has held on to its title of best bank for foreign exchange in the Asia-Pacific, as customers flock to dealers with a long-standing history in the region during the market turmoil.

UBS upgrades FXPB tools

ZURICH - UBS has updated its foreign exchange prime brokerage system with an automated trade checker, in a bid to tackle duplication of trade messages.

Forwards spreads start to tighten

LONDON & NEW YORK - Dealers are reporting a retreat in forwards spreads, reflecting marginal improvements in liquidity as Libor eases after weeks of government and central bank action.

Parker FX bounces back

STAMFORD, CT - The Parker FX Index regained lost ground by clocking a 0.24% return during September, as investors' avoidance of emerging market currencies and US banks' hoarding of liquidity caused a continued US dollar appreciation.

Lehman close-out DTCC's largest ever

NEW YORK - The Depository Trust & Clearing Corporation (DTCC), which provides post-trade clearing and settlement services in the US capital markets, has completed the largest close-out in its history, clearing more than $500 billion of market…

Risk aversion hinders EBU

LONDON - Risk aversion in the financial markets has led to a drop-off in demand for Barclays Capital's synthetic European currency, the European Borrowing Unit (EBU), launched last year.

Managed Models adds two new clients

LONDON - London-based data analytics company Managed Models has signed on two more banks, as institutions seek to add efficiency to foreign exchange liquidity management operations.

BNP Paribas ups the ante in forex

LONDON - BNP Paribas plans to roll out a new foreign exchange trading platform to select clients by the end of the year, in a bid to grow its presence in FX.

Wall St Systems launches ESN

LONDON & PARIS - Wall Street Systems is in discussion with a Tier II and two Tier III US banks for use of its pay-as-you-go post-trade processing utility, Electronic Settlement Network (ESN).

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