Bank of New York launches FX Web site

Source: Bank of New York

The Bank of New York has launched a new website offering its clients enhanced foreign exchange (FX) research and analysis capabilities, including detailed data on cross-border investment trends, daily FX commentary, in-depth examination of economic news and central bank decisions, as well as coverage of daily worldwide events that affect currency, equity and fixed income markets.

A significant highlight of the website is the Bank's interactive Portfolio Flow Monitor, or iPFM, which monitors more than $12 trillion in cross-border capital flows from the Bank's global custody business. The enhanced iPFM now allows the Bank's clients to chart two-way, cross-border capital flows, examine equity flows by sector, and review fixed income flows by time to maturity. Clients can also search an expanded historical database of daily, real-time capital flow data using custom beginning and ending dates. Clients can download capital flow data to facilitate independent analysis and modeling, as well as access a weekly iPFM Flash, which provides up-to-date news on important developments in cross-border capital flows.

Michael Woolfolk, senior currency strategist at The Bank of New York, said, "The global markets website is an outstanding source for timely research and commentary with the singular purpose of providing clients with the resources and expertise they need to maximize opportunities in the FX markets.

In particular, the iPFM provides world-class research data, real-time information on specific cross-border flows and comprehensive reporting and charting tools for deeper analysis and modeling purposes."

Through the website, clients can also access research reports and proprietary commentary on foreign exchange markets written and analyzed by the Bank's currency strategists. The Global Markets Morning Update provides news headlines and commentary that is updated twice daily at the open of trading in London and in New York. The FX Comment provides insightful commentary on late-breaking market events during New York trading hours.

Also available on the website are concise audio podcasts delivered by the Bank's currency strategists on a variety of topics and trends to keep clients updated while away from their offices. The website will also offer expanded iPFM coverage on emerging markets.

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