India to set up ‘foreign exchange swap fund’ to help boost economy

India will set up a foreign exchange swap funds (FETS) to provide relief to its financial sector after a prolonged global financial crisis, a finance ministry official said on Thursday.The foreign exchange fund (FET) is likely to be a key plank of the government’s efforts to boost growth and jobs as the economy has been […]

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Why foreign exchange models aren’t as cheap as we think

Foreign exchange models are expensive to manage and make trading more efficient, a report says.“Foreign exchange models, especially with respect to trading across borders, are often very expensive to develop,” said James Dennison, managing director of international investment at asset manager BlackRock Australia.“While there is scope for significant cost savings, the cost of investing in […]

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