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Articles tagged by Foreign Exchange

Mexican Peso May Lag Peers: Survey The Mexican peso is expected to underperform most of its peers in the emerging markets, according to a survey of FX corporate and sales executives, traders and strategists attending Bloomberg’s FX16 Symposium found. Out of more than 120 respondents, some 57% ...
TradAir Inks Deal with Singapore-Based Firm TradAir, a front office technology provider, has signed a contract to supply UOB Bullion and Futures (UOBBF) with its platform for trading leveraged FX, non-deliverable forwards and precious metals. UOBBF is the Singapore-based brokerage arm of United Overseas Bank Limited. “...
Non-Bank LPs Prove Their Worth During Brexit Volatility Following the results of the UK referendum decision to leave the European Union last week the common consensus amongst FX market participants has been that the biggest surprise – apart from the result itself – was how well the FX market handled ...
Barclays FX Trader Heads to Employment Tribunal Former Barclays FX trader Chris Ashton is to appear at a hearing at the East London employment tribunal on July 13 against the bank, which he is suing for unfair dismissal, confirms his lawyer Sara George. Ashton is suing Barclays for ...
Asian Corporates Cite FX as Biggest Financial Risk Concern Asian corporates and CFOs cited FX risk as the financial risk that they are most concerned about, according to a new survey from Thomson Reuters and Asset Benchmark Research. In the report accompanying the research results, it notes that as ...
BoE Warns of Market Fragility After Brexit Vote A further deterioration in investor appetite for UK assets, together with a potential rise in the number of vulnerable households and increased fragility in financial markets are among the main risks that the Financial Policy Committee of the Bank of ...
Wells Fargo Joins CLS as Settlement Member CLS Group has announced that Wells Fargo has joined as a settlement member. Wells Fargo joins 64 other settlement member banks in becoming a direct participant in CLS’s settlement and risk mitigation system – which settles approximately $5 trillion a day on ...
Barclays ‘Cartel’ Trader Blames Bank Former Barclays head of spot voice FX trading Chris Ashton claims he was “scapegoated” by the firm in the wake of the investigations of the Financial Conduct Authority (FCA) into alleged manipulation of FX rates, and that he was first “...