November 2007

Strength in numbers

8 November 2007
There has been a distinct intensification of official concerns about the strength of the euro and its impact on the Eurozone economy. French officials have been amongst the most vocal, warning that the euro’s gains need to be reversed. The concerns voiced in France recently over the euro's increased muscularity have been echoed by officials in Spain who have highlighted the problems for exporters of a strong currency.

Currencies Round – Up

8 November 2007
The dollar continued its grind lower amid volatile trading conditions in October, notching up a series of fresh record lows against the euro as expectations for further cuts in US interest rates weighed on the currency. Analysts said weak data, including more dire news on the state of the US housing market, had added to the gloom surrounding the world’s largest economy.

World Economy is not in bad shape

8 November 2007
Asian economies are very strong while the US and Europe are experiencing a slowdown due to the US credit crisis. Despite this, Giles Keating, Head of Global Research for Credit Suisse Private Bank, believes the global economy seems in reasonable balance and that the risk of recession is not high. With this in mind, we ask Giles Keating for his current take on the World Economy.

Latent expectations

8 November 2007
In its recent white paper, entitled 'Algorithmic Trading in the global FX market: The Need For Speed, Transparency And Fairness', FXall outlines how the foreign exchange market is following the trend where hedge funds are successfully applying algorithmic strategies to FX trading to generate alpha, using many of the same methods they have applied in the equities market.

Caricom Focus

8 November 2007
The Caribbean Single Market and Economy (CSME) has been envisioned since 1989, when, in the Grande Anse Declaration and Work Programme for the Advancement of the Integration Movement, Heads of Government, representing 13 of the now 15 members of CARICOM, decided on an integrated development strategy to chart their way into the 21st century.

You think active trading. We think FX Expert.

8 November 2007
Credit Suisse offers Foreign Exchange solutions for trading, trading risk and settlement services to meet the specific requirements of your clients and your own organization. FX Expert contains a customized range of services that compromises a set of basic and optional packages specifically designed for you.

EDF: To Keep It Running, Keep It Simple

8 November 2007
A global financial institution has an average of 35,000 desktops and 30,000 servers, and at least one of those 30,000 servers will fail each day. While a typical failure lasts at least 15 minutes, experts estimate that $1 million dollars of trading volume is lost per minute during this down time.

How to get the Klingons on your side

8 November 2007
In Part 1 last month, Dushen Naidoo explained how people who cause blockages to vitally important changes at organisations by clinging on to outmoded ways of doings things can actually be a source of important insights - and you might even turn them into allies…