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November 2010

War of the World Leaders

10 November 2010
When the financial crisis first hit, governments the world over closed ranks, forming something of an ad hoc alliance to save the global economy. Yet, by October 2010, the talk has turned to conflict. As Drew Hillier reports, in the scrabble to carve out a decent economic recovery, the clear and present danger looms large that it's going to be every government for themselves.

Addressing the need for speed

10 November 2010
While technological advances have literally transformed the world of forex trading over the past decade, increasingly the focus is on shaving fractions of a second off execution times to make trading faster and more efficient than was ever possible before, writes Tim Håman, CEO of Fair Trading Technology.

Trading gets smarter

10 November 2010
In the last of three articles examining next generation trading techniques, Frances Maguire takes an in-depth look at the trend towards ‘auto-execution’ that is overtaking that of automated trading. The development of Mirror Trading has heralded a next generation of trading technology that enables traders to benefit from the best of both worlds – human intelligence and automation. In Mirror Trading, some strategies are manual and some are automatic; however, all of the strategies are managed and controlled by humans. This means that the algorithm-based strategies are constantly updated according to the market.

Alpari: pushing the boundaries

10 November 2010
With a passion for first class service and innovation, Alpari is one of the world’s fastest-growing providers of online foreign exchange trading services. Across both retail and institutional segments, Alpari is committed to providing its customers with highly competitive pricing and fast execution through a range of trading instruments and platforms. Building on the group’s impressive growth, Daniel Skowronski, Global Chief Commercial Officer and CEO of Alpari (US) LLC, has ambitious plans for global expansion in 2011. FX-MM Editor, Eleanor Hill, investigates.

FX prime brokerage: fuelling the next round of growth

10 November 2010
Now that the dust has settled, FX-MM’s FX Prime Brokerage Supplement outlines the key trends taking place in this fast growing sector. By Frances Maguire Prior to the global financial crisis, FX prime brokerage was experiencing rapid growth as real money and asset managers joined the growing ranks of hedge funds turning to prime brokers to get the best deals in FX through a single platform as well as gaining access to services developed specifically for them. In addition, there were a growing number of algorithmic players moving across to FX from the equities and futures world that are starting to participate in trading FX as an asset class.

BNP Paribas primed for growth

10 November 2010
BNP Paribas entered the growing FX prime brokerage market in June 2009 with the acquisition of the prime brokerage platform and team from AIG. Now fully integrated within the BNP Paribas infrastructure, the FX prime brokerage offering has been live since January 2010. Although it is a new product for BNP Paribas, the bank has an extremely skilled prime brokerage team supporting its offering, with more than 10 years’ experience working together.

FX prime brokerage: the ever evolving market

10 November 2010
FX prime brokerage is an intriguing product; essentially simple at its core but nevertheless frequently misunderstood. Alongside e-commerce, it has been at the forefront of FX market evolution with year-on-year growth with a significant amount of client trades being cleared though a prime broker. Analysing the most recent Basel FX figures, it is evident that most of the growth, in spot in particular, came from client types using FX prime brokers.

Leading the Way in FX Prime Brokerage Solutions

10 November 2010
RBS has built a market leading FX prime brokerage (FXPB) business where innovation, technology and client service are the key drivers. Since establishing itself as one of the first FX prime brokers more than ten years ago, RBS has continued to be at the forefront of the development and automation of processes needed to manage the huge increase of volume seen through the foreign exchange market. Andrew Cheesman, Head of FX Prime Brokerage Sales Europe, RBS Global Banking & Markets discusses the benefits of working with a market leader.

SEPA – is the end in sight?

10 November 2010
Not so much the end but an end date at least. Gertrude Tumpel- Gugerell, member of the Executive Board of the ECB, was keen to back a SEPA migration deadline when speaking at an offsite European Payments Council meeting in Brussels in mid-October, saying: “There is a need for a realistic but ambitious end date to be set for migration to the SEPA credit transfer and direct debit schemes in order to reap the full benefits of SEPA.”

Still a model citizen

10 November 2010
Characterised by state-guaranteed welfare, peaceful co-operation and small, open economies, you could be forgiven for thinking that the Nordic region is merely a refuge from brusque globalisation. In reality, the Nordic states boast some of the most competitive economies in the world. FX-MM explores the relevance of the Nordic socio-economic model post-crisis, examines the role of the euro in Nordic stability and discovers that spirit of innovation resonates in the region’s veins – global banks beware.

Nordic countries provide safe haven where e-FX market is set to grow

10 November 2010
Björn Lundvall, Head of e-solutions, Handelsbanken Capital Markets, discusses the move from telephone to web-based trading, looking at the intricate balance between multibank and single bank platforms in the Nordic region.

Swedbank; a solid challenger in the Nordic / Baltic FX market

10 November 2010
In the Nordic region Swedbank has increased its footprint steadily across the countries over the last few years, says Peter Granqvist, Head of FX Sales at Swedbank. In Sweden and Norway, Swedbank is one of the main players in the domestic SEK and NOK FX markets, handling a significant portion of the daily turnover in both spot and swaps. In the Baltics, Swedbank is the largest bank, and the largest player in the Baltic foreign exchange market, trading EEK, LVL, LTL locally.

Sniff the Risk

10 November 2010
Not a phrase you hear everyday but hopefully one you’ll be using at the next available opportunity. Well, once I explain myself anyway. You see, I can’t help but feel that we – especially those of us whose lives revolve around the finance industry – have in some way lost a little bit of ourselves to technology.