June 2007

Flirting with descent

7 June 2007
The dollar’s flirtation with its record low against the euro was finally consummated this month as the greenback moved briefly into uncharted territory against the single currency. Falling to a low of $1.3682 against the euro at the end of April, the dollar’s weakest level since the single currency’s introduction in 1999, surpassing its previous low of $1.3670, hit in December 2004.

Is the euro peaking?

7 June 2007
The US dollar appears to be gaining growing resilience to bad news, revealing both that short dollar positioning has reached saturated levels and that a lot of bad news is already in the price. In addition, technical indicators appear to be giving some confirmation to the turn in dollar sentiment.

e-Trading systems capture one half of global FX volume

7 June 2007
For the first time, ‘buy-side’ foreign currency traders in 2006 executed more than half of total global FX trading volume through electronic trading systems, according to a new report from consultancy Greenwich Associates."The increase in electronic forex trading activity over the past 12 months has been nothing short of remarkable," says Greenwich Associates consultant Peter D'Amario, who adds: "In 2005, e-trading systems captured less than 30% of total reported global FX trading volumes.”

Russia Focus: ‘’Unlocking the key to sucess’

7 June 2007
With the planned Russian accession to the World Trade Organisation concentrating many business minds right now, and ahead of this June’s 4th annual EuroFinance conference on Treasury and Risk Management in Russia, held nearby to Moscow’s iconic trio of Red Square, the Kremlin and Bolshoi ballet, Carolyn Meier, Managing Director, EuroFinance, looks forward with optimism, saying: “We at EuroFinance continue to be committed to the business community in Russia, and with membership of the WTO in the offing, we truly believe these are exciting times.”

ACI Clinic – A prescription for success

7 June 2007
With growing emphasis on professional qualifications across the financial markets, Lywood David International has over the years developed a range of specialist events for candidates for ACI – The Financial Markets Association industry standard qualifications: the ACI Dealing Certificate, ACI Settlements Certificate and ACI Diploma. With such feedback from past participants as, “the course helped me a lot and gave me much better understanding of Treasury related issues,” it is clear that the formal training sessions have been specifically designed to complement the individual’s own examination preparations.

Introducing SaxoTrader 2

7 June 2007
The platform for the next generation of serious tradingAs a follow-up to Saxo Bank’s original award-winning platform, SaxoTrader 2 offers many new, exciting features and tools to help you trade more effectively.

Rising to the Challenge of Hedge Management

7 June 2007
After the first introduction of IFRS for financial instruments by the IASB, a discussion ensued as to how to treat the effect of P&L volatility emerging from economic hedge relationships. After some deliberation the IASB decided to set up a standard which gives the possibility to banks to equalise these effects by using the rules of hedge accounting...

The ‘Magic Arrow’ of Measurement

7 June 2007
This month, Jerome suggests that organisations have some flexibility in selecting themes and if appropriate they can be modified or others can be added. What the themes are and what is measured within them will depend on what the organisation’s strategy is and how it creates value for its stakeholders