Month: April 2010

Citi Launches AutoFX Passive Hedge Service

Citi has launched AutoFX Passive Hedge, a service that provides institutional asset ownerswith an automated hedging capability to lower foreign exchange risk. AutoFX Passive Hedge smoothes out the influence of currency fluctuations in the overall return to international investment portfolios by using set instructions to execute FX contracts based on the securities’ portfolio valuation. A […]

BBVA Deploys SuperDerivatives Platform in Hong Kong

Banco Bilbao Vizcaya Argentaria (BBVA) has installed SuperDerivatives’ FX derivatives pricing tool to support its currency options business in Hong Kong. ? Deployment of the service was completed last month and gives BBVA’s sales teams, traders and structurers access to real-time market prices, risk management and analytics for all currency options. “BBVA has been using […]

AFB Bank Launches AZN Quotes through Thomson Reuters

AFB Bank says it is launching live quotations for the Azerbaijani manat through the Reuters Trader platform. The move, a first for AFB Bank, will give financial institutions and other Thomson Reuters’ users real-time data for the AZN against the major currencies and the opportunity to trade the AZN with AFB Bank against the euro, […]

Electronic Confirmation of OTC Deals Gains Momentum: ISDA

Around 80% of eligible interest rate derivatives are now confirmed electronically compared with 61% last year, according to the International Swaps and Derivatives Association, which released the results of its Operations Benchmarking Survey at its annual general meeting on Friday (23 April). The survey shows that 77% of IRDs are electronically confirmed while the confirmation […]

JP Morgan Supports PvP Foreign Exchange Settlement in Indonesia

JP Morgan Treasury Services has made a currency clearing service available to its Indonesian bank clients by using Hong Kong’s cross-border payment-versus-payment (PvP) settlement system. By having access to this system, JP Morgan says its clients are able to better mitigate foreign exchange settlement risk and increase operational efficiency. The PvP infrastructure established by Bank […]

Gain Capital Launches Arabic Service

Gain Capital has launched an Arabic service via its UK division to meet a growing demand for retail foreign exchange trading services in the Middle East. The new Arabic website for clients across the region offers’s platform, which provides margin-based trading in FX and contracts for difference and is regulated by the FSA […]

On the Move

The latest moves at Commerzbank, BoAML, Deutsche Bank, JP Morgan, CLS, Citi, Standard Chartered and more… Commerzbank Hires New Head of FIC Sales Commerzbank’s investment banking division, Corporates & Markets, has hired Nikolaus Giesbert to head its fixed income and currency (FIC) sales operations globally. He will also become a member of the management board […]

Tech Corner

A round up of the lastest technology news… I-Net Bridge, a South African developer of financial products has chosen Morningstar as its preferred international market data vendor. In June 2009, I-Net Bridge entered into an agreement with Morningstar’s Real-Time Data business to supply I-Net Bridge with foreign exchange, equities, indices, precious metals and money market […]

Around the World

FX-related news from around the world… India will allow exchange-traded rupee options and interest-rate futures based on a wider range of debt securities, stepping up efforts to develop a derivatives market that can help investors protect themselves against financial risk. Exchanges will be allowed to introduce dollar-rupee options and futures based on two- and five-year […]

And Finally…

It’s one of the worst lines to hear, especially at the airport…”There’s good news and bad news”. The good news was that I was confirmed on a flight home – the bad news was I was bumped to a middle seat in row Z, and we might be dodging a few grenades at the stopover. […]