Articles by FX Markets Staff
New listings for Deutsche and PowerShares
Deutsche Bank and PowerShares Capital Management listed two currency funds on the American Stock Exchange on February 20. The PowerShares DB US Dollar Bullish Fund is based on long USDX futures contracts, while the PowerShares DB US Dollar Bearish Fund…
Cognotec email gives mixed messages
In an email sent out to key clients last week, Cognotec said it is going through yet another corporate restructure. It said the headcount at the company had significantly increased over the past 18 months, doubling its development resources, primarily…
Senior shake-up at Deutsche
LONDON – Deutsche Bank has realigned senior FX management, and has created two new roles to expand its forex coverage.
Celent consulting report hails the exchange model
PARIS – The exchange model is set to be the future model for FX, according to a report released last week.
Hunter leaves FXMarketSpace; Sears and Robson split role
CHICAGO – Bryan Hunter, chief operations officer of Reuters and Chicago Mercantile Exchange joint venture platform FXMarketSpace, has left.
BoNY launches upgraded version of iConfirm
NEW YORK – The Bank of New York has launched a new version of iConfirm, a web-based system that automates confirmation processing for FX trades.
Loonie should rise against greenback
The languishing Canadian dollar has the potential for a stronger close to the year, says Camilla Sutton, currency strategist at Scotia Capital in Toronto
Swiss and French banks declare a healthy 2006
ZURICH & PARIS – European banks releasing annual statements last week have posted bumper results for 2006.
Cognotec axes jobs in development and sales
DUBLIN – Cognotec slashed up to 40 jobs last week, as part of a restructure at the technology company.
TCS signs international deal with Cfets
BEIJING – IT and consulting company Tata Consultancy Services (TCS) will implement an international trading system for the China Foreign Exchange Trade System (Cfets), the company said last week.
Further restructuring at Bank of America
LONDON – Ravi Mudan has been promoted to global head of FX proprietary trading at Bank of America (BoA) in London.
Saxo Bank to open rep office in Beijing
BEIJING & COPENHAGEN – Saxo Bank plans to open a representative office in Beijing in the next two months, according to a senior official in Copenhagen.
FXall adds benchmark fixings to QuickOMS
LONDON – FXall has added benchmark fixings from Citigroup, HSBC and the Royal Bank of Scotland (RBS) to its order management system, QuickOMS.
BarCap plans a second private CFXO
LONDON – Barclays Capital is planning another privately placed collateralised foreign exchange obligation (CFXO), worth e20–e50 million ($26–$65 million), after closing its first at the end of 2006. The original transaction was also privately placed and…
Nordea offers forex trading over ExNet this quarter
COPENHAGEN – Nordea will begin offering executable streaming prices (ESP) for FX to clients over ExNet, a connectivity network from Orc Software, this quarter. ExNet enables trading access to liquidity pools, including exchanges and electronic…
Goldman bullish on Bric
LONDON – The New World economies are to overtake Old World economies within 25 years, according to Jim O'Neill, head of global economic research at Goldman Sachs.
Rolfe & Nolan announces readiness for FXMS
CHICAGO & LONDON – Rolfe & Nolan has completed product development, testing and implementation for the FXMarketSpace (FXMS) initiative, making trading on the new platform available to Rolfe & Nolan customers and potential users.
Citigroup names Prasad global head of forex and local markets
LONDON – Anil Prasad, head of CEEMEA sales and trading, has been named global head of FX and local markets at Citigroup in London.
Is all well between Cognotec and UBS?
If market rumours are anything to go by, Cognotec could be facing a bit of a bumpy road ahead.
FXDD launches automated platform
NEW YORK – Online FX trading company FXDD last week launched an automated currency trading platform named FXDDAuto.
EBS adds ruble trading to spot platform
LONDON – Spot broker EBS has launched ruble trading over its spot matching platform, EBS Spot.
MG Financial begins streaming Dow Jones news
NEW YORK – Retail FX company MG Financial last Thursday (February 8) began streaming currency news from Dow Jones Newswires, through its FX trading platform DealStation.
Deutsche and Mercer team up
LONDON – Deutsche Bank and Mercer Investment Consulting have teamed up to launch a multi-manager currency investment product.