You are here: Home » FX-MM magazine » Past issues » September 2010
You must be a member to access this exclusive content!
- Silver membership gives you exclusive access to every article from our back issue archive
- Or become a Gold subscriber and also get the next 10 issues of the printed magazine
Subscribe now >>
September 2010
September 2010 / 23 September 2010 / FX-MM
This being summer – just about – the media is full tilt into that strange semi-somnambulant state commonly known as the ‘silly season’. Politicos head for their holidays, C-listers are checked into rehab and the usual daily diet of crisis dissolves, leaving newswires – suddenly unencumbered by editorial oversight – to spew forth stories of wacky diets and tap-dancing hamsters. And as Drew Hillier sees, the FX market undergoes a similar hiatus: the big guns spend August reacquainting themselves with their families, leaving a skeleton crew of lesser mortals to mind the shop, many of whom stave off divorce by the simple expedient of bringing their offspring into work to horse around in the trading room. Which can make for an illiquid, illogical and illusory market… especially when the kids start making deals!
(more…)
Tagged with: Brian Hilliard, Christina Weisz, Currencies, Daily brief: Moneycorp, FxPro, Ken Dickson, Mark Deans, Money Markets, Paddy Earnshaw, Simon Denham, Simon Smith, Standard Life Investments
September 2010 / 23 September 2010 / FX-MM
Currency markets in August have seen some reduced volatility compared with the May to July period. However, as Marc Spaelti, Vice President, Dukascopy Bank, Research & Monitoring department sets out, despite the seasonal reduction in trading interests as professional traders chose to trade in their habit of watching charts and take more or less sophisticated trading decisions with a surfboard and some well deserved leisure time, those of us that stuck around have seen plenty of very good trading opportunities and a few very significant developments in the foreign exchange market in the course of the past four weeks.
(more…)
Tagged with: Dukascopy Bank, Marc Spaelti, Trading
September 2010 / 23 September 2010 / FX-MM
Smart filters, strategy cards and strategy scoring system now introduced to enhance trading capabilities.
Tradency Inc., the creator of advanced technology for online Forex trading, has launched a new version of its Mirror Trading platform, offering qualified and tested Forex trading strategies used by brokers worldwide, to provide self-directed traders with enhanced trading capabilities.
(more…)
Tagged with: Lior Nabat, Tradency, Trading
September 2010 / 23 September 2010 / FX-MM
Following on from the publication of the results from our FX&MM online survey – published in our August issue – John Wilson, CEO of Eurobase International Group, highlights below some of the key trends the survey has uncovered.
Most people will accept that conducting any such survey will not paint a complete picture of a market place or its perceived trends. Questions may be interpreted differently from one individual to another. On occasion an individual’s view may be based more on perceptions than on facts.
(more…)
Tagged with: Banking news, Eurobase International Group, John Wilson
September 2010 / 23 September 2010 / FX-MM
18-months since the formation of Lloyds Banking Group, Drew Hillier catches up with the top leaders driving the newly integrated Group’s busy Global Financial Institutions team. One year on from their last outing in the pages of FX&MM during the run-up to SIBOS 2009, Drew hears from some of the senior players in the Financial Institutions business, and finds out how they remain focused on their Trusted Partner Strategy.
“We have always been a relationship-focused bank. It is precisely this ethos which drives us, and will continue to do so,” begins Diana Brightmore-Armour, CEO Corporate Banking & Co-Head of Corporate Markets at Lloyds Banking Group (LBG). Unquestionably one of the best-known and widely respected corporate relationship bankers in the City of London, Diana is joined by two of her senior leaders from the Financial Institutions (FI) business, Mark Grant and Sumit Jamuar.
(more…)
Tagged with: Andrew Géczy, Banking news, Citibank, Cover Interviews, Diana Brightmore-Armour, Financial Institutions, Lloyds Banking Group, Mark Grant, Sumit Jamuar, Wholesale Markets
September 2010 / 23 September 2010 / FX-MM
Packing a punch well above its weight, Switzerland – with its population of under 8 million – is far greater than merely a sum of its parts. Cuckoo clocks, rubbery cheese and ingenious cutting implements aside, the Swiss have established a formidable reputation for their financial acumen and banking expertise. Drew Hillier, Alpine horn at the ready, dons his lederhosen and heads for Geneva, where from the 6th to the 8th of October, the EuroFinance International Cash and Treasury Management conference takes place.
(more…)
Tagged with: Hans-Rudolf Merz, Regional Focus
September 2010 / 23 September 2010 / FX-MM
Q. How has the current economic climate impacted the way in which corporates organise and manage their supply chain requirements?
MC: The limelight has certainly focused corporate attention on the supply chain.
Corporates have become more aware of the risks and value locked up in the supply chain. Whereas before the organisational structure was more siloed with Finance, Operations, and Procurement working relatively independently from supply chain management, we are seeing a movement to a more collaborative approach and crossdiscipline communication.
(more…)
Tagged with: Banking news, Barclays Corporate, Michael Cusumano, Supply Chain Management, Treasury
September 2010 / 23 September 2010 / FX-MM
You Don’t need me to remind you (nonetheless, I am about to!) how we’re surrounded – abounded even – by countless signs, symbols and sundry other visual devices, supposedly designed to help us understand the world around us. Yet as Drew Hillier finds out, this stuff nearly always leaves us collectively scratching our befuddled heads.
Just got back from a breakfast briefing at one of the more esteemed of our draughty, skyscraper-domiciled financial service outfits that proliferate the soulless dystopia of Canary Wharf. As per usual, the assembled briefees – suitably fuelled with caffeine and corporate shortbreads – were treated to forty-five minutesworth of flurrying charts and graphs, this time presented by a rather frightening man whose testosterone peaked at such staggeringly high levels that he actually broke the almost certainly very expensive fourthousand- inch interactive presentation screen merely by the power of his stare! The subject this time was Algorithmic and High Frequency Trading. Putting to one side the fact that HFT and Algo are rather different things in relation to one-another, (remind me sometime when you’ve got a few hours to spare and I’ll explain) when the presenter drew our attention to a swanky graphic which positively demonstrated that high frequency trading firms account for 73% of all US equity trading volume in 2009, we all nodded sagely. Even though, of course, the figure is wrong. According to Reuters, who should know, highspeed trading in fact “accounts for about 60 percent of U.S. equity volume”.
(more…)
Tagged with: Neville Brody, Technology
September 2010 / 23 September 2010 / FX-MM
We’re of course all familiar with the concept of Supply Chains. And now, DHL Express, a division of Deutsche Post providing international high-speed mail services founded in 1969, including its Global Supply Chain business, recently saw a sharp rise in freight volumes and Q2 profits. FX&MM reports on how DHL – capitalising on a recovering global economy and doubling its margins over the same period last year – has just launched the world’s first 18-tonne hybrid distribution truck that could achieve up to 15% in fuel savings.
(more…)
Tagged with: Technology
Login Status