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Articles tagged by Fx

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. “...
Post-Brexit Uncertainty Dominates Markets Continued market uncertainty following the UK’s vote to leave the European Union vote has led to a flight to safe haven currencies and raised questions about the future of financial regulation, although corporates appear to be coping well with ...
And Another Thing... I don’t think there is anyone out there who doesn’t think the FX market performed well under the stress of the surprise outcome from the UK referendum last week, but I suspect the real test is only just ...
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 ...
BoE Expects Monetary Policy Easing in Summer: Carney The Bank of England (BoE) is expecting that some “monetary policy easing will likely be required over the summer” as the “economic outlook has deteriorated” on the back of the UK voting to leave the EU, the BoE governor Mark ...
FastMatch Hits New High as First Platforms Volumes Released The first three platforms to confirm data for June show that FX volumes rose across the board driven, of course, by activity around the UK’s vote on European Union membership. FastMatch recorded average daily volume (ADV) of $16.1 billion in ...
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 ...
CTA Performance Solid Following UK Referendum Result Societe Generale Prime Services’ CTA Indices show positive performance for commodity trading advisors in the two full days of trading after the UK referendum results – Friday 24 June and Monday 27 June.  In the immediate aftermath of the result on Friday, when ...
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 ...
And Finally... Do risk managers need to fundamentally re-think their approach to markets? Specifically, are they paying enough attention to liquidity risk, assuming, of course, that there is even a way to accurately and dynamically determine this risk in markets? I ask ...
NFA Creates Dedicated FX Compliance Rule The US National Futures Association (NFA) has adopted a new compliance rule (2-36) to govern foreign exchange transactions. NFA says that it has done so because, “Given the differences between off-exchange transactions and traditional exchange-traded futures and options, the board ...
Change at NAB?

06:17 July 4th 2016 in News, Banks

Change at NAB?

Informed sources say that National Australia Bank has a new global head of foreign exchange trading following the departure of David Jones, who had held the role since mid-2013. The sources say that Sydney-based Mark Lawler has been named to ...
Brexit: Winners and Losers With the dust having settled somewhat following the UK’s historical referendum decision to leave the European Union, there are some clear winners and – unfortunately – some losers emerging in the aftermath. It should be noted that this list is by ...
The Hat-Trick? Third Citi Trader Wins Unfair Dismissal Case Citi is on the wrong end of a third unfair dismissal trail according to sources familiar with the matter who say that Rob Hoodless has won his claim against the bank. In an email statement, Hoodless says, “The East London ...
Hunter Burton Launches New FX Fund Sydney-based Hunter Burton Capital has launched a second FX fund to compliment its existing HBC Alpha fund. The new fund, the HBC Income Fund, will be managed by Rob Lerpiniere, who joined the firm last month and will target 8-10% ...
FX TCA: Easy to Do Wrong, Hard to Do Right Although the clamour for transaction cost analysis (TCA) tools is growing amongst buy side firms, they face numerous challenges if they are going to use them effectively, said panelists at Profit & Loss’ Forex Network New York conference.  “Best execution has ...
And Finally... Trying to decipher platform performance during last month’s UK-inspired mayhem is almost as difficult as keeping track with the latest shenanigans in UK politics following the vote to leave the EU – but I’ve had a go and there ...
LMAX Exchange Survey Doubts Impact of Global Code: Firm Calls for UK Leadership In a release to accompany a new survey taken by the firm, LMAX Exchange casts doubt on the ability of the FX Global Code of Conduct to deliver industry reform in a timely fashion. While noting that the first release ...
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 ...
Former Barclays FX Trader's Hearing Begins Preliminary hearings of former Barclays FX trader Chris Ashton’s unfair dismissal and whistleblowing claim against the bank started on Tuesday at the East London employment tribunal. Judges at the tribunal said they will decide by Wednesday whether to take ...
Icap CEO “Cautiously Optimistic” Despite Macro Uncertainty Michael Spencer, the group CEO of Icap, claimed to be “cautiously optimistic” about his firms’ future prospects despite heightened uncertainty surrounding the macroeconomic outlook for the UK and the global economy. In a trading statement for the period April 1 2016 to ...
And Another Thing... Strap yourselves in – this one is a little controversial. Regular readers know I like a good FX industry survey, the semi-annual FX turnover reports, for example, bring out the anorak in me and I spend hours poring over the electronic ...
‘Cartel’ FX Trader Ashton’s Whistleblowing Claim “Absurd”, Says Former Barclays COO Chris Ashton’s claim of whistleblowing against Barclays, where he was formerly head of spot FX voice trading, is “absurd”, according to Justin Bull, the bank’s former global chief operating officer. Bull - who co-chaired Ashton’s disciplinary hearing ...
CLS Volumes Surge in June The average daily input value submitted to CLS was $5.19 trillion in June, up 12.6% from the previous month and up 3% year-on-year. Average daily input volume submitted to CLS, combining the settlement and aggregation services, was 1.16 million in June. This represents a 20% ...