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May 2007
16 May 2007
The dollar took a battering, tumbling to a two-year low against the euro and crashing to a 26-year trough against sterling as expectations about global interest rates shifted during April.
Expectations of further monetary tightening supported both the euro and sterling, while the dollar was hit by the growing perception that the next move in US interest rates will be lower amid concerns over the health of the US economy. Minutes from the Federal Reserve’s April open market committee meeting contrasted with the hawkish language used by Jean-Claude Trichet, president of the European Central Bank.
16 May 2007
The new French President will be elected on May 6. The choice is between the Socialist Ségolène Royal and the conservative Nicolas Sarkozy. Hence, all of the “Big three” Eurozone economies will have changed leaders over the past eighteen months.
16 May 2007
FX prime brokerage enables banks to centralise client collateral, earn fees both for collateral management and post-trade services, and sell the benefits of improved capital efficiency, anonymous access to additional sources of liquidity, and post trade services, such as trade splits and reporting. While the fast growing FX market and the increasing number of hedge funds trading FX have driven growth in demand for FX prime brokerage, increasing competition is squeezing margins and making it tougher for banks to differentiate their offerings. As a result a technology arms race has broken out amongst the prime brokers, spurring technology investment to drive down costs by building scale.
16 May 2007
With daily trading volumes now running at approximately $2.3 trillion, foreign exchange has become the largest and most-liquid market in the world. Indeed, according to a recent study carried out by leading financial services market research company, ClientKnowledge, global FX volumes are projected to grow to above $3 trillion per day by 2010, with electronic foreign exchange trading also expected to double over the same period to more than $2 trillion per day.
16 May 2007
When they achieved independence in Baltic states made secret of their economic ambitions: they attain Nordic living standards. A decade-anda- half later, that hasn’t changed. Looking at the isn’t difficult to Nordic countries world in governance, innovation and competitive strength, result of which boasts some of levels of GDP per and is envied throughout the world.
16 May 2007
The 70th CBI/PricewaterhouseCoopers financial services survey shows the industry’s overall level of confidence improving slightly, with most of the major sub-sectors reporting steady or improved settlement.
The main theme of the quarter was one of solid volume and revenue growth, although several sub-sectors expect a slowdown in the coming months. Nonetheless, it was pleasing to see that, on aggregate, activity increased across all customer segments. Further growth is also predicted from retail and commercial customers alike. Expanding incomes helped overall profitability grow for the first time in six months, though by less than expected. Employment growth fell back from last quarter's record level but remains strong, and is predicted to continue.
16 May 2007
Last month, GAIN Capital Group unveiled a fully upgraded edition of its flagship trading platform. Built on the latest Windows .NET framework, the new FOREXTrader is Vista™ ready and offers a highly intuitive user interface, advanced customization features and a full suite of professional trading tools.
16 May 2007
Measuring business activity properly, which means ensuring an intimate link between the measurements and your overall strategic objectives, is a powerful competitive weapon. JEROME LONG a consultant at Decision Focus, explains why.
16 May 2007
The war for talent in the financial industry has never been so fierce. With constant reports of skills shortages, graduates that don’t cut the mustard and the extensive needs and desires of ‘Generation Y’, financial institutions are throwing everything they’ve got at finding and retaining the best employees. And whilst big City salaries and Christmas bonuses can go some of the way towards luring them in, without the right recruitment and retention processes, organisations will quickly lose them.
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