In 1990, Lloyds Bank was ranked seventh in the Euromoney FX poll, in what was essentially then a survey of corporates. The proceeding years haven’t been all that kind to Lloyds in FX, and by 2008 the bank had fallen outside the top 50.

Tradition-ICAP, the leading interdealer broker for FX options, has introduced a daily volatility fixing service – Vol-Fix – aimed at creating greater transparency in the options market and which may encourage the growth of more sophisticated volatility products.

Currency traders on the CME continued to abandon JPY longs, bringing the net JPY long position to the lowest level since July 5, 2011.

Dumfries & Galloway Council Pension Fund has terminated an active currency mandate with FX Concepts, the New York-based independent currency manager, a council treasury office spokesperson has confirmed.

Deutsche Bank’s positioning tracker dbSelect shows EUR has moved only slightly since the Greek debt deal was signed on Monday, while JPY has gone from a firm long position to a near-record short, after the Bank of Japan’s surprise additional quantitative easing.

USDJPY, after acting like a pegged currency since August, has sparked into life as a combination of aggressive easing from the Bank of Japan, improving risk appetite and concerns over the Japanese economy have dented demand for the yen. The signs are that USDJPY has finally found a bottom, writes Peter Garnham.

Credit Suisse has hired John Erratt as a sterling spot trader based in London, a spokesperson for the bank has confirmed to EuromoneyFXNews.

Rising oil prices have not yet been reflected in the price of the rouble, but that could change if tensions in the Middle East escalate and as concerns ease over Russia's domestic situation.

Global renminbi-denominated trade is forecast to rise more than 500% by 2015, as China becomes the world’s largest trading nation and the currency is gradually internationalized, HSBC tells Asiamoney, a Hong Kong-based sister-publication of EuromoneyFXNews.

Digital Vega, the FX option multi-dealer platform (MDP) founded by Mark Suter, has become the first FX derivatives trading venue to join Traiana’s Harmony CreditLink service, which provides real-time monitoring of counterparty trading limits and risk management.

The increasing use of renminbi (RMB) as a payments currency reached a hiatus in January, according to Swift – though the financial messaging platform says the Chinese New Year is likely to have been an influence.

Greece finally received a second bailout package on Tuesday, but for those concerned that Athens could still slide into a disorderly default, opportunities abound in the options market.

So-called risk on/risk off trading has become the most powerful influence on foreign exchange. But this all-or-nothing approach known as RORO keeps currency traders guessing.

Barclays Wealth has appointed Julian Wantling head of global FX, as the wealth management arm of Barclays Bank seeks to grow its FX offering to high-net-worth clients, the company said in a statement.

The Organisation for Economic Cooperation and Development (OECD) says the Swedish krona, based on purchasing power parity (PPP), is overvalued by more than anything seen in the past 40 years, but SEB, Sweden’s largest bank, counters the claim.

FTSE Group, the index services provider, on Tuesday launched its Wealth Preservation Unit (WPU), a global currency unit index aimed at protecting investors’ wealth from currency and inflation risk.

The CFTC’s latest positioning report shows the largest weekly wave of JPY selling on the CME since November, as the market cut back long positions in response to the Bank of Japan’s surprise expansion of its asset purchase programme.

Macro Currency Group, the FX investment boutique of hedge fund Principal Global Investors, has launched the PGI Multi Strategy Currency Fund to simplify money managers’ FX investment decisions.

QuantHouse, the specialist provider of buy-side trading technology, has set up co-location and direct market access services within CME Group’s recently opened co-location facility in Aurora, Illinois, the company said in a statement.

Pricing in the options markets suggests, if the Swiss National Bank’s SFr1.20 floor in EURCHF gives way, it could drop sharply and quickly.

Summit Partners, the US private equity firm that invests in software and financial services companies, has bought a majority stake in 360T, the Frankfurt-based multi-dealer trading platform announced on Friday.

RBS has launched a dedicated China desk in London, to assist Chinese companies wishing to expand their business internationally as well as help UK and European companies do more business with mainland China, the company said in a statement.

The infamous term zombie bank, coined in 1987 by Ed Kane, a professor of finance at Boston College in Massachusetts, has almost been exclusively associated with the Japanese banking sector of the 1990s. That's all about to change.

UniCredit is a misunderstood European banking powerhouse, says Bernd Bröker, the recently instated global head of G10 FX. He puts that down to its complex merger history that is sometimes difficult for outsiders to understand and piece together.

Tradeweb, the fixed-income and derivatives trading platform, has expanded into the currency markets with the launch of it Tradeweb FX platform.

The FX industry has agreed new guidelines with the financial messaging service, Swift, to improve the efficiency of processing offshore renminbi (RMB) transactions, in what has become the world’s fastest growing payment currency.

BNP Paribas thinks it has an image problem. But Adrian Boehler, less than two-months into his tenure as global head of institutional sales at the French bank, says he likes what he sees.

BCA Research, one of the world’s leading independent providers of global investment research, believes the dollar will face more weakness amid continued global monetary reflation policies.

Amid the brinkmanship surrounding Greece’s attempts to secure a second bailout package, the rise of cross-border imbalances within the eurozone should act as an incentive to keep Athens inside the euro.

legislators last week, the FX industry needs to turn some of its attention away from the clearing of options and NDFs to the margining of non-cleared forwards and swaps.