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Traiana Certified by CME Group for OTC FX Client Clearing

16 January 2012

Foreign exchange client clearing became more of a reality last week when Traiana, a post-trade services provider to 500 financial institutions, became the first firm to be certified by CME Group for the submission of FX derivatives for clearing

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Commodities and FX to Overtake Fixed Income Across GCC in 2012: Survey

16 January 2012

An independent study of Gulf Cooperation Council high net worth individuals commissioned by Abu Dhabi-based trading platform provider ADS Securities, has projected commodities and FX to be the most sought-after regional asset classes in 2012

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Morgan Stanley Makes Redundancies in FX

16 January 2012

Morgan Stanley has let go at least four members of its global foreign exchange team in London and New York as part of wider cuts at the investment bank

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Lloyds Bank Appoints Moore as Head of Trading

16 January 2012

Lloyds Bank has hired Citi FX veteran Richard Moore as head of trading for its wholesale, banking and markets division.

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London to Join Hong Kong as an Offshore Renminbi Centre

16 January 2012

UK Chancellor George Osborne unveiled steps on Monday aimed at developing London into an international trading centre for the Chinese renminbi, joining Hong Kong exclusively in this position

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Financial Transaction Tax Could Raise FX Costs By Up to 18 Times

16 January 2012

A proposed financial transaction tax levied across the European Union would increase foreign exchange transaction costs by up to 18 times and potentially relocate up to 75% of tax eligible transactions outside of the EU jurisdiction, according to the Global Financial Markets Association

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And Another Thing...

19 January 2012

People make mistakes…it happens. On Monday I should have posted a story by my colleague regarding London becoming an RMB centre but somehow managed to miss it (you can find it, along with why the financial transaction tax could add 18% to FX trading costs on www.profit-loss.com/squawkbox). This brings me to Monday’s column – and events last night in EUR/CHF

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And Finally...

23 January 2012

Over the years, top of the wish list for a diverse group of FX market participants has been the desire for direct access to the core market – commonly expressed as, “I/We want EBS”. Money managers and corporates have had their wish fulfilled over the years, and now, apparently, so is another market segment

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And Finally...

23 January 2012

Over the years, top of the wish list for a diverse group of FX market participants has been the desire for direct access to the core market – commonly expressed as, “I/We want EBS”. Money managers and corporates have had their wish fulfilled over the years, and now, apparently, so is another market segment

Read more...

P&L Poll Results

23 January 2012

Squawkbox’s recent look at the year ahead for the Eurozone unearthed wide-ranging opinion from currency strategists (Squawkbox, 22 December 2011).

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