Foreign Exchange

By Gordon Platt BEST FOREIGN EXCHANGE PROVIDERS: GLOBAL WINNER Deutsche Bank Deutsche Bank has managed to stay on top of the FX world year after year. It has the biggest, most diversified and most profitable foreign exchange operation of any ...

MILESTONES: UKRAINE   By Kim Iskyan   The IMF’s $15 billion loan program to Ukraine looks increasingly likely to be suspended at least until parliamentary elections in October 2012, following an early November visit by the IMF that ended without recommending the resumption ...

By Gordon Platt BEST FOREIGN EXCHANGE PROVIDERS: REGIONAL WINNERS NORTH AMERICA Citi Feig, Citi: We have invested in people and technology and are seeing our market share rise as a result As Citi prepares to celebrate its 200th anniversary in ...

By Gordon Platt BEST FOREIGN EXCHANGE RESEARCH & ANALYSIS RESEARCH BNY Mellon BNY Mellon, one of the largest foreign exchange dealers in the United States, offers support in virtually all currencies, with particular expertise in emerging markets.   Derrick, BNY Mellon ...

By Gordon Platt BEST ONLINE FOREIGN EXCHANGE TRADING SYSTEMS BANK SYSTEM State Street’s Currenex The Currenex foreign exchange trading platform uses patented technology to match orders and aggregate liquidity. Its high-speed, low-latency API (application programming interface) provides access to live, ...

SINKING PUPEE AFFECTS CORPORATE DEBT REPAYMENT   By Aaron Chaze   Corporate borrowers in India have been hard hit by the rupee slide—the currency fell 18% over the dollar between January and November, 2011, and fell 7% in November alone.   ...

COMMODITIES TEST THE BORDERS OF INTERNATIONAL FINANCE   By Michael Shari   Commodity producers are turning to specialized banks that are willing to take multiple layers of risk in private deals.   Great ideas are born at times like these. ...

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE   By Gordon Platt   Another EU summit ended in December with agreement on a new fiscal compact for the eurozone, but like previous efforts to rescue the common currency, the accord was less than comprehensive, and ...

NIGERIAN INBOUND INVESTMENT FRAMEWORK IMPROVING   By Antonio Guerrero   Nigerian President Goodluck Jonathan says his administration is reviewing industrial policies to encourage foreign companies exporting finished goods to Nigeria to instead manufacture them locally.   New policies encourage local assembly ...

SANCTIONS ON IRAN INCREASE   By Gordon Platt   Two days after the storming of the UK embassy in Tehran on November 29 to protest increased British sanctions on Iran, the US Senate unanimously passed new economic sanctions against Iran and ...

ANNUAL SURVEY & AWARDS: FX PROVIDERS BET BIG ON TECHNOLOGY   By Gordon Platt   The most successful FX banks are boosting their IT spending and competing on price and service in an effort to maintain market share.   As the ...

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE   By Gordon Platt   Risk aversion appeared to be creeping back into the markets in early November, as the initial euphoria about the eurozone’s master plan to solve the debt crisis began to fade. ...

Global Finance names the World’s Best Foreign Exchange Providers 2012 NEW YORK, November 21, 2011 – Global Finance magazine has named the “Best Foreign Exchange Banks and Providers” by country, region and category in an exclusive survey to be published ...

DÉJÀ VU ALL OVER AGAIN   Some analysts say that 2011 is beginning to look a lot like 2008, with Europe’s debt crisis morphing into a bank solvency crisis with global ramifications.   So far, the foreign exchange market—the world’s ...

CURRENCY WARS   By Gordon Platt   Battle Tactics Change With Global Slowdown.   Chandler, Brown Brothers Harriman: The lingering US and European crises are casting a pall over global capital markets When the global economy seemed securely on track ...

SAME OLD, SAME OLD   By Denise Bedell   The US dollar will remain the world’s reserve currency of choice as long as there is no credible alternative.   There have long been calls for a new currency to take ...

WHO’S WHO   By Gordon Platt   Who’s who in foreign exchange.   MOHAMED EL AROUSSI Arab African International Bank Head of FX desk   Mohamed El Aroussi has been head of the foreign exchange desk at Arab African International ...

CHINA’S LOFTY AMBITIONS FOR THE RENMINBI   By Gordon Platt   The Chinese government continues to make strides in internationalizing its currency.   Qu, HSBC: Domestic demand should support 8.5% to 9% growth in the coming quarters Every long march ...

IS THE EURO CRUMBLING?   By Gordon Platt   Major reform is needed, but whether the political will is there to make large scale changes remains to be seen. The alternative may be the end of the eurozone as it ...

CORPORATE FINANCING NEWS: FOREIGN EXCHANGE   By Gordon Platt   The dollar rose to an eight-month high against the euro in early October, as a further delay of Greek aid and concerns about the health of Europe’s banks gave the ...