In Times of Crisis

By Nigel Dousie A View on Trading During the Mexican Peso Crisis of 1994 At the time, a lot of people had got themselves invested in the peso market because they were convinced that Mexico was the easiest way to make money…you sell dollars, earn the carry, and the worst that could happen would be […]
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UBS’s Johnson Named Head of New E-Services Unit

UBS has named Bill Johnson as head of a new e-services division, where he will oversee the UBS Group’s Internet-based initiatives and projects across the bank’s five divisions. Johnson was previously the global head of treasury products, overseeing FX, repos and short-term interest rates within the Warburg Dillon Read (WDR) investment banking division. Johnson was […]
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Q & A With Stonebrook Capital Management

Company Name: Stonebrook Capital Management Address: 17 State Street, 38th Floor New York, NY 10004 Contact Name: Brad Cole Phone Number: 312 335 9550 Fax Number: 312 335 9508 E-Mail: Brad@colepartners.com Product Name: Stonebrook FX Program Product Assets: $25 million Total Assets Under Management: $130 million Firm Inception Date: June, 1993 Number of Employees: 5 […]
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UBS’s Loh Joins Barclays As Asia-Pacific Vice Chairman

Barclays Capital has hired James Loh as its new vice chairman for Asia-Pacific, based in Singapore, and managing director responsible for all regional trading, including Japan. Loh joined the bank last month from UBS, where he spent the past seven years building the trading and client businesses covering FX, interest rates and currency risk management. […]
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Bank of Montreal Scales Back London Operation

The Bank of Montreal has “reconfigured and scaled” back its Capital Markets operation in London. The fixed income sales desk is being aligned to support a North American product and service focus. Foreign exchange sales and trading have been consolidated, primarily in Toronto and Chicago, according to a spokesperson. Effective October 1, the bank ceased […]
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Credit Agricole Indosuez Sees a Future in FX Prime Brokerage

Credit Agricole Indosuez (CAI) is stepping into the FX prime brokerage business, a market that it believes has yet to realise its full potential. Dominated by a select few ‘ notably AIG, ABN Amro Bank and the former Bankers Trust (now Deutsche Bank) ‘ CAI plans to be at the top of this list very […]
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Why Are Global Short-Term Interest Rates Rising?

By Michael Burke, B&M Research The prospect of a business expansion in all three leading economies, the US, Euroland and Japan, should be cause for cheer. After all, we have barely seen this type of synchronised economic upturn over the last decade. Yet we are barely out of the starting-stall in the race for stronger […]
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THE HOLLOW SPECTRE OF CZECH INTERVENTION

By Gene Frieda, 4Cast g.frieda@4cast.net Go With the Flow In the wake of the Czech National Bank’s rate cut and concurrent intervention to halt the rise of the CZK, a number of market participants have talked up tightening monetary conditions as the main driver of these central bank actions. The argument goes that real exchange […]
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The Future of the Foreign Exchange Markets

The global FX market is undergoing tremendous change as the new millennium approaches. In a new report on The Future of the Foreign Exchange Markets, published by Reuters Business Insight, Janet Lewis looks at the market’s evolution over the years. A Report by Reuters Business Insight Since the world went off the gold standard in […]
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Is Market Volume Proving Too Hot to Handle?

Dealers at a few Japanese banks in London are asserting that they have experienced problems over the EBS spot matching service in the dollar/yen market. These problems, they say, pertain largely to the market’s dependence upon EBS as the primary trading platform for spot FX (50% of all brokered spot trading in London is now […]
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