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Latest issue
Latest issue / 19 June 2013 /
Sign-up to read the digital version of our June 2013 issue. In this edition:
- Editor’s Welcome: The King’s (final) speech
- Regulation Watch: Status of global Basel III implementation
- Platform Profile: CENTRIC: The new corportae nerve centre
- Commodities: The wheels fall of the commodities super-cycle
- Cover Interview: Collaboration and innovation: the SmartStream way
- FX Co-location: Co-Location: TO THE POINT
- Expert View: Co-location for global derivatives
- Emerging Market Currencies: The future is still emerging
- Regional Focus: Central and Eastern Europe: Sharpening the competitive edge
- Currencies Round-Up: Time for change
- Social Trading: The social trading network
- Perspective: Why voice recording matters
- 60 Second Interview: Catch up with Simon Derrick, Chief Currency Strategist at BNY Mellon
(more…)
Latest issue / 18 June 2013 / Eleanor Hill, Editor, FX-MM
This free to view e-channels special report is supported by BNP Paribas, BNY Mellon and Bank of America Merrill Lynch:
- E-channels evolution: the strategic approach to treasury
In this special report, FX-MM examines the evolution that is taking place in treasury technology, and how this is allowing treasury departments to not only improve their operational efficiency, but also ensure their decision-making processes are better informed.
- E-channels in corporate treasury: trends and opportunities: Industry Roundtable
(more…)
Tagged with: Bank of America Merrill Lynch, BNP Paribas, BNY Mellon, e-channels
Latest issue / 17 June 2013 / Eleanor Hill, Editor, FX-MM
Whatever your opinion of him may be, it would quite simply be rude not to acknowledge the end of Sir Mervyn King’s reign as Governor of the Bank of England. In May, Sir Mervyn delivered his final quarterly inflation report – which was a little more upbeat than expected. In fact, Mr King even ventured to suggest that a recovery for the beleaguered UK economy may finally be within sight. (more…)
Tagged with: Editor, Eleanor Hill, FX-MM
Latest issue / 17 June 2013 / Selwyn Blair-Ford, Head of Global Regulatory Policy, Wolters Kluwer Financial Services
Selwyn Blair-Ford, Head of Global Regulatory Policy, Wolters Kluwer Financial Services, provides a useful and insightful update on worldwide progress towards Basel III.
In December 2010, the Basel Committee on Banking Supervision (BCBS) published the paper entitled “A global regulatory framework for more resilient banks and banking systems”, which contained the first steps in a new global capital, liquidity and leverage standards collectively called Basel III (updated in June 2011). This new global standard was adopted and accepted by all 27 jurisdictions represented on the Basel Committee. It was agreed that the Basel III standards would be in force by 1st January 2013 and then phased in over the next six years, to be fully completed by 1st January 2019. With the latest implementation monitoring results published by the BCBS, it is timely to see just how far the world has come. (more…)
Tagged with: Basel III, Head of Global Regulatory Policy, Wolters Kluwer Financial Services
Latest issue / 17 June 2013 / Thomas Soede, Global Head of Fixed Income Electronic Markets at BNP Paribas
Thomas Soede, Global Head of Fixed Income Electronic Markets at BNP Paribas, talks to FX-MM about the bank’s hottest new release – CENTRIC – and explains how this intuitive platform can help corporates to not only improve risk management and optimise liquidity, but ultimately to make their business stronger. (more…)
Tagged with: BNP Paribas, CENTRIC, Global Head of Fixed Income Electronic Markets, Thomas Soede
Latest issue / 17 June 2013 / Simon Watkins, Columnist, FX-MM
Simon Watkins examines the forces at play in the world of commodities, and why age-old investment principles no longer hold water.
Gold recently experiencing its biggest two-day collapse in around 30 years has brought entire question of how commodities figure in the investment mix sharply back into focus. This has been exacerbated by a highly complex and wildly changing confluence of differing uncertainties surrounding the outlook for global growth, interest rates, and inflation. Twenty years ago, it seemed that there were fairly clear principles for investors to follow: for instance, the higher the crude oil price, the higher the USD; the greater the economic growth in China, the greater base metals’ prices; and the more political uncertainties in key global powers, the more the gold price would rise. (more…)
Tagged with: Bank of America Merrill Lynch, Frances Hudson, FX Concepts, FX-MM, Gold, HSBC, ING Investment Management, Jonathan Clark, Koen Straetmans, Michael S. Hanson, Silver and PGM's, Standard Life Investments
Latest issue / 17 June 2013 / Eleanor Hill speaks to Philippe Chambadal, CEO of SmartStream
Philippe Chambadal, CEO of SmartStream, speaks to FX-MM about the growing demand for managed services among financial institutions, while explaining the rationale behind the company’s innovative Central Data Utility in partnership with Euroclear. We also discuss what the future holds for SmartStream and its custom.
“Without change there is no innovation, creativity, or incentive for improvement. Those who initiate change will have a better opportunity to manage the change that is inevitable.” These words, uttered by English Clergyman William Pollard over a century ago could not be more pertinent when talking to the visionary that is Philippe Chambadal. (more…)
Tagged with: Central Data Utility, CEO, Euroclear, Philippe Chambadal, SmartStream
Latest issue / 17 June 2013 / Frances Faulds, Columnist, FX-MM
Proximity hosting and co-location are increasingly being used in the FX markets. Frances Faulds talks to providers of co-location about achieving stable low-latency connectivity to preferred liquidity providers in FX while lowering the cost of ownership.
As electronic trading, and even high frequency trading, steadily increases in the FX market, latency, and the need to co-locate, are becoming more strategically important to firms seeking alpha in FX, which is now being considered as an asset class in its own right. But according to Dan Hubscher, Director of Marketing at DMA provider, Object Trading, the biggest challenge facing firms today is hampered growth in the current environment. He says, that for sell-side broker dealers, the limitations include the difficulty in connecting to the different protocols and formats to access trading; the management of risk – both market and operational; the regulatory mandates; and most of all, the competitive environment, as well as the need to innovate to differentiate and provide unique services such as sponsored access. (more…)
Tagged with: BT, Chris Pickles, Co-location, Dan Hubscher, Frances Faulds, FX-MM, MarketPrizm, Object Trading, Proximity Hosting, Tanuja Randery
Latest issue / 17 June 2013 / Patrick Lastennet, Director of Marketing and Business Development, Financial Services Segment, Interxion
FX-MM speaks to Patrick Lastennet, Director of Marketing and Business Development, Financial Services Segment, Interxion – a leading provider of cloud- and carrierneutral co-location data centre services in Europe. (more…)
Tagged with: Director of Marketing and Business Development, Financial Services Segment, Interxion
Latest issue / 17 June 2013 / Simon Watkins, Columnist, FX-MM
For several years, the emerging markets have been a no-brainer from an investment perspective – but nuanced change is afoot. Simon Watkins investigates what the future holds for emerging markets currencies.
Improving emerging markets’ (EM) competitiveness, superior economic growth, solid balance-of-payments surpluses, relatively low macroeconomic imbalances, and improving political and economic systems have meant that for around ten years the smart money has been on maximising exposure to emerging markets currencies as an asset class. Add to this virtuous mix a decade long-sustained rise in commodities prices as China sought to build its way towards developed market (DM) status, and the effective devaluation of key DM currencies (as quantitative easing [QE] became a weapon of choice amongst western central bankers to resuscitate economic growth after the 2007/08 financial crisis), and being long EM currencies as an asset class was one of the best games in town. (more…)
Tagged with: Blu Putman, Brown Brothers Harriman, CME Group, Commerzbank, David Simmonds, Dean Popplewell, Emerging Markets Currencies, FX-MM, Goldman Sachs, Kathryn Koch, Marc Chandler, OANDA, Peter Kinsella, RBS
Latest issue / 17 June 2013 / Eleanor Hill, FX-MM
This month, FX-MM takes in-depth look at the Central and Eastern European (CEE) region’s financial sector, capital markets and the local regulatory environment.
While the Western European economies may not be providing much to write home about right now, their CEE counterparts are proving more exciting – in a number of ways. Confidence levels in the CEE economies are surprisingly buoyant, demand for outsourced services remains high, and positive market reforms are taking place across the region. In fact, a recent ‘Doing Business’ report from the World Bank revealed that Eastern Europe leads the rest of the world in enhancing the business climate for local firms through reform programmes. (more…)
Tagged with: Capital Markets, CEE Financial Sector, Local Regulatory Environment
Latest issue / 17 June 2013 / Eleanor Hill, Editor, FX-MM
FX-MM’s monthly look at the forces affecting the global financial markets, and what the implications are for investors and businesses.
Sadly, but not unexpectedly, the Eurozone has continued in recession for the sixth straight quarter in a row, contracting by 0.2% between January and March. This marks the longest recession since the euro came into being. The figures are yet to be revised, but the implications are clear – Europe is not making its way out of the slump.
Europe’s powerhouse, Germany, has also felt the effects, recording a weak growth of only 0.1%, undermining a swift recovery in the Eurozone area. In fact, a total of nine countries now stand in recession. And with Germany weakening, there is little else in the way of support for the single currency bloc.
To add insult to injury, unemployment reached 21.1% in March – 19 million unemployed in total. Greece and Spain remain at 27% unemployment. (more…)
Tagged with: Eurozone, Global financial markets
Latest issue / 17 June 2013 / Eleanor Hill, Editor, FX-MM
FX-MM examines the growing role that social media has to play in FX trading and analyses the benefits of joining a social community in the FX space.
Social media tools are now an accepted part of everyday life as a consumer, and increasingly, as a retail FX trader. In fact, since the ‘social FX’ phenomenon took hold in 2008/9 it has only continued to grow. But what’s the appeal, how does it work, and what does the future hold for social FX? (more…)
Tagged with: Social community in FX Space, Social media in FX Trading
Latest issue / 17 June 2013 / Neil Hammerton, CEO, Natterbox
With the financial services industry continuing to become more strictly regulated, every telephone conversation or text message now carries too much importance to go unnoticed. Neil Hammerton, CEO of Natterbox, reminds us why voice recording technology is the key to future-proofing traders’ reputation and staying compliant with new regulations. (more…)
Tagged with: CEO, Natterbox, Neil Hammerton, Voice recording technology
Latest issue / 17 June 2013 / Interview with Simon Derrick, Chief Currency Strategist at BNY Mellon
This month, we catch up with Simon Derrick, Chief Currency Strategist at BNY Mellon (more…)
Tagged with: BNY Mellon, Chief Currency Strategist
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