The head of hedge fund sales at JPMorgan has left the firm, according to sources who spoke to EuromoneyFXNews.

Bank Negara Malaysia has announced measures to liberalize the domestic foreign exchange market and interest-rate derivatives markets, the central bank said in a statement.

Stratton Street Capital, the London-based fund manager, has announced the addition of two further currency classes to its Renminbi Bond Fund (RBF).

NASDAQ OMX Group, the world’s second-largest stock exchange operator, is believed to be launching plans to start clearing non-deliverable forward (NDF) currencies, according to Derivatives Intelligence, a sister publication of EuromoneyFXNews.

Foreign exchange buy-side clients continue to move towards full adoption of electronic trading, according to a just-published survey of buy-side currency traders, conducted by EuromoneyFXNews.

Traders on the Chicago Mercantile Exchange took their bets against the euro to fresh record levels as the single currency rallied last week.

Traders on the Chicago Mercantile Exchange took their bets against the euro to fresh record levels as the single currency rallied last week.

QuantHouse, the specialist provider of buy-side trading technology, has introduced a sub-millisecond direct feed to Hotspot FX, the first of several low-latency trading connections to FX liquidity pools, the company tells EuromoneyFXNews.

The recent appreciation of the Swiss franc has raised the probability that the Swiss National Bank will intervene to weaken the currency, with many looking to take advantage through the options market.

Foreign exchange buy-side clients continue to move towards full adoption of electronic trading, according to a survey of buy side currency traders, conducted by EuromoneyFXNews, which has been published today.

The financial markets, like any industry, have been caught up in the buzz of the new generation of technology that pervades the world of e-commerce: the ubiquitous app. But will mobile trading ever take-off in institutional foreign exchange?

The ongoing ebb and flow of the European sovereign debt crisis and its impact on the underlying stability of bank balance sheets has focussed the minds of buy-side clients when it comes to choosing their FX counterparties.

Foreign exchange buy-side clients continue to move towards full adoption of electronic trading, according to a survey of buy side currency traders, conducted by EuromoneyFXNews, which has been published today.

Icap, the world’s largest inter-dealer broker, has tested its systems for the break-up of the single currency.

Mercer, the global asset consultancy, has launched a service allowing institutional investors to monitor the costs involved with the FX transactions executed on their behalf by custodian banks and currency managers, the company said in a statement.

The yen dropped sharply as figures showed Japan registered its first trade deficit since 1980, with some looking for further weakness in the currency as concerns over the country’s debt problems heightened.

Citi has made a series of promotions across its FX business, a move which comes after the bank paid out its annual bonuses last week.

Positioning data indicate that investors are still looking for further losses in the EUR, regardless of the recent rally in the single currency.

The euro could become the FX market’s carry trade funding currency of choice, taking over the mantle once held by the yen and, more recently, the dollar.

Mike Burton, global head of FX institutional sales at Société Générale, has left the firm to pursue new business interests outside the FX industry, EuromoneyFXNews can reveal.

The stakes remain high as markets await a private sector initiative (PSI) deal on Greek debt, which could allow Athens to receive its next tranche of bailout funds. But even if an agreement is reached soon, a technical default of Greek debt might still necessitate its exit from the eurozone.

Speculators on the Chicago Mercantile Exchange have raised their bets against the euro to fresh record levels, although the pace of deterioration in sentiment towards the single currency showed some signs of abating.

FXall, the number-one multi-dealer platform, has hired Susan Gammage and Indu Maheshwari to expand its global coverage, the company said in a statement.

EURUSD failed to sustain its recent rally as dollar demand from Asian central banks and caution ahead of a decision on private sector involvement in Greek rescue plans undermined the single currency.