Month: November 2000

Q & A With Foreign Exchange Management

Company Information Company Name: Foreign Exchange Management Address: Chrummwisstrasse 58   8700 Küsnacht/Zurich   Switzerland Contact Name: Louis Grosjean Phone Number: 0041 1 912 08 88 or 912 08 89 Fax Number: 0041 1 912 08 88 E-Mail: louis@grosjean.ch Product Name: FEM Currency Portfolio Ltd. (Inception Date: Jan. 1998) Product Assets: US$ 7.4 Mio Total […]

SG Names New Global Heads of FX to Succeed Plant

Douglas Plant retired from Société Générale (SG) last month after 30 years with the bank, although he is maintaining a part-time role focusing on e-commerce projects. Succeeding him are Paris-based Stéphane Landon and Paolo Taddonio, who will jointly head global FX & Treasury Products within SG’s Debt & Currencies division, which is headed by Jean-Pierre […]

Top 10 Increase Marketshare to 68% in First Half

FX trading revenues among the top 34 reporting banks reached an estimated $5.402 billion during the first half of 2000, according to the latest Profit & Loss League Table, a slight improvement over the same period last year. Of this total, the top 10 banks account for 68% of total revenues, while the second tier […]

Barclays Launches Currency Overlay Desk

Barclays Capital launched a new currency overlay desk on 18 October, which provides treasury outsourcing services to the bank’s corporate and institutional clients. <?xml:namespace prefix = o ns = “urn:schemas-microsoft-com:office:office” /> Andy Winterton joined the bank in August from Bank One as director and head of the team, along with colleague Mark Thomas. At Bank […]

Emerging Markets: Why Investor Anxiety is Rising

Since the crises that rocked the world’s emerging markets over the late ‘90s, investors fled these markets at breakneck pace. Today, signs of recovery are beginning to appear in some sectors as these economies have begun extensive reforms. Melvyn Westlake looks at which countries are better positioned for a recovery and which are showing signs […]

21st Asia Pacific Forex Congress

  Curtain Raiser The Forex Association of India, host of the 21st Asia-Pacific Forex Congress, has released further details of the event, which is set to take place from 30th November to 3rd December 2000 at Taj Palace Hotel, New Delhi. The Congress is expected to draw around 750 delegates from around the world. The […]

Foreign Exchange Meets the Entertainment Industry

There are few industries in the world with as much star power, financial backing, and glitz and glamour as the entertainment business, or, as it is called in Hollywood, “The Industry”. There is a type of film for just about every type of person: some moviegoers appreciate a well-written screenplay, others enjoy special effects and […]

North Asian Outlook Upbeat

  Excerpt from Prebon Yamane’s August Asian Sentiment Survey The increasing North-South divide is a continuing trend noted in the latest Prebon Yamane Asian Sentiment Survey. In general, sentiment towards countries and currencies in the ASEAN region (excluding Singapore) are relatively downbeat, whilst optimism is increasing towards the North Asian countries and territories, especially China […]

CLS ‘ Late But Not Forgotten

  By Anindya Bhattacharyya Settlement risk in foreign exchange trading has cast a shadow over the industry ever since the 1974 failure of Bankhaus Herstatt. But industry participants are increasingly confident that the beast of settlement risk can be laid low by hooking up to the continuous linked settlement system currently being built by CLS […]

India: Currency, Crude and Competitiveness

  By Vasan Shridharan, Treasury Economist, Standard Chartered Bank Tidal shift What a difference a year makes. This time last year, the Indian rupee (INR) was remarkably stable. It was comfortably ensconced around the 43.30-43.50 level against the greenback. Bias, if anything, was then for the home currency to appreciate as India’s digital credentials drew […]