May 14, 2014 BY Andrew Saks-McLeod
Credit Suisse waves goodbye to Head of Spot FX Danny Wise as axe swings over bank FX desks in London
Danny Wise, along with five other key members of Credit Suisse's FX operations have been given their cards as the bank engages in cost-cutting measures.
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May 12, 2014 BY Andrew Saks-McLeod
South Korea rapidly becoming commercial FX center as monthly bank deposits increase by $7.3 billion
Korean banks have experienced a record inflow of FX deposits, with a monthly increase of $7.3 billion during April, surpassing a previous high two months earlier. Could Korea be an industry focus for the future?
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May 05, 2014 BY Mike Fox
Saxo Bank FX volumes drop to $213B in April, lowest since 2012
Monthly volume is down at Saxo Bank for April to $213bn from $239bn in March, a 10.8% drop. Average daily volume also fell to 10.2 (USD bn) per day, from 11.4 (USD bn) in March. This has been the weakest month in terms of volume year to date for many brokerages and exchanges across the…
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