Trading volumes in emerging market debt hit record EMTA, the association for the emerging markets debt trading industry, has revealed that trading volumes in emerging market debt reached an all-time record in 2010, driven by rising turnover in local market instruments. Trading volumes reached $6.765 trillion, a 52 percent increase on the $4.45 trillion reported in 2009, according to a recently released report by EMTA.

Rare currency action launched by Central Banks After a sharp rise in the yen post Japan's devastating earthquake and nuclear crisis raising fears about the global economy, central banks of rich nations opted for a coordinated move for stabilizing value of the yen.

Iraq nuclear weapons sanctions lifted by UN The U.N. Security Council recently gave a unanimous vote of confidence to the significant strides Iraq has taken after lifting 19-year-old sanctions on weapons and civilian nuclear power. The UN Council also decided to return control of oil and natural gas revenue of Iraq to the government in the coming summer and settle all pending claims over the oil-for-food program that assisted ordinary...

Dollar hurted by Euro demand Driven mainly by a recovery in the risk appetite of investors and a surge in demand for the euro, the United States dollar (USD) fell to its lowest level in 15 months against a basket of currencies.

Money Market Operation skipped by Bank of Japan The Central Bank of Japan refrained from pumping extra overnight funds into the banking system for the first time since the devastating earthquake. The bank also signaled that it is so far leaving the yen from its recent currency intervention in the market.

Spot silver and gold trading introduced by FX Solutions FX Solutions (www.fxsolutions.com), a leading online foreign exchange market maker, recently announced the introduction of Spot Silver and Gold trading on its GTS trading platform. Michael R. Cairns, CEO of FX Solutions, said gold and silver are essential ingredients in the well balanced trading portfolio that makes spot metals a natural extension of our product line.

Former State Street (Currenex) VP to Lead North American Sales of Alpari Group Alpari (US) (“Alpari”), a global provider of online foreign exchange (“FOREX”, “FX”) trading services, recently announced the appointment of Jermaine Harmon to Head of Institutional Sales in North America. Harmon was formerly Vice President of Sales at State Street (Currenex). From Alpari-us.com:

Financial incentive from iForex iForex, a leading name in the world of currency trading, has announced a financial incentive for clients when they refer friends to iFOREX online trading platforms. iFOREX will be paying clients $35 USD as soon as five referred friends start trading. The broker will be paying $50 USD from the sixth friend onwards and the incentive amount will be credited to trading account of the client...

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