Infrastructure
Caplin Systems unveils web trading tool
LONDON – Market data systems vendor Caplin Systems is today (May 21) launching Caplin Trader, an out-of-the box web trading application that enables banks to build multi-product trading portals in FX and fixed income, officials at the company told FX…
Automation hot for Russia
MOSCOW – Automation was the central theme at the third annual international foreign exchange seminar in Moscow last Tuesday (May 15).
To net or not to net? That's CLS's question
He who shouts loudest will be heard? If the old adage is true, then settlement platform CLS should be moving into netting.
Misys upgrades Opics Plus for higher volumes
NEW YORK – Technology provider Misys has launched Opics Plus v2.0, to accommodate an anticipated rise in FX trading volumes by clients.
Saxo continues Asia expansion in Singapore
SINGAPORE – Saxo Capital Markets, the Asian subsidiary of Saxo Bank, is continuing to expand its footprint in the Asia-Pacific region, with two key appointments in Singapore.
Market nonchalant about FXMS data
CHICAGO – Market participants largely shrugged off volume data released by Reuters/Chicago Mercantile Exchange (CME) joint venture platform FXMarketSpace last week, claiming it is too early to judge the success of the platform.
Merrill Lynch launches first rated CFXO
LONDON – Merrill Lynch has launched the first full rated and managed collateralised foreign exchange obligation. The product is being managed by Crédit Agricole Asset Management, and rated by Standard & Poor's.
Wall Street Systems eyes smaller banks
MONTREAL – Wall Street Systems has made its Wallstreet FX trade processing tool available over an application service provider (ASP) aimed at smaller banks.
Logicscope to use BT Radianz for TradeSTP
LONDON – Logicscope, a data management and STP systems vendor, said it will use the BT Radianz shared market infrastructure to offer hosted access to TradeSTP, its multi-asset trade notification product.
Feeling the strain of high-volume trading
The decision to roll out netting services by electronic communications network Hotspot FXi demonstrates initiative on the platform's part.
Standard Chartered launches e-trading channel
LONDON – Standard Chartered went live on May 2 with Straight2Bank, its proprietary electronic banking channel for corporate and institutional clients.
Hotspot and Traiana warm up to Netlink
JERSEY CITY, NJ – Electronic communications network Hotspot FX is teaming up with FX post-trade technology vendor Traiana, to roll out NetLink over its institutional platform.
Collateralised FX obligation market takes off
LONDON – The market for collateral- ised foreign exchange obligations (CFXO) is gaining pace, with Derivative Fitch establishing a ratings methodology for the products.
Cognotec launches Realstream Rate Manager
DUBLIN – Dublin-based technology vendor Cognotec has today (April 30) launched Realstream Rate Manager, an advanced rate manager that calculates a customised market rate for banks to distribute prices tailored to different trading venues.
Reuters to open up desktops, hailing radical new strategy
LONDON – Reuters is opening up the Dealing 3000 and 3000 Xtra desktops to rival platforms, in what signals a seismic shift in strategy for the electronic broker.
SEB chooses Apama for FX algorithmic trading
STOCKHOLM – Swedish bank SEB will begin using algorithmic trading technology from Apama in FX from the fourth quarter of this year, with a view to rolling out the technology to buy-side clients.
FX and DX: valuing the US Dollar Index futures contract
Several theoretical models have been proposed in the 22 years since the DX futures contract was launched. Here, Charles Wright, principal of Alpha Numerics in New York, discusses a numerical approach
Mifid and forex in a nutshell
The Markets in Financial Instruments Directive is placed under the microscope by Richard Hartheimer , managing director at Currenex, Europe in London
How Mifid affects the global FX market
Mifid will create an even more efficient market for FX services that can be delivered quickly, inexpensively and globally, says Chris Pickles , chair of its Joint Working Group in London
Who's who on the exhibition floor?
FX Week gives a rundown of some of the top exhibitors at this year's event. Find out who's showcasing what, then see the box on the next page for your entertainment listings
Extending forex market reach
There is great scope for further integration between FX and interest rate swap markets, says Philip Whitehurst of independent developer MID Analytics in London
Banks still dominate market, report finds
BOSTON – Electronic trading may be expanding, but increased automation is failing to push major dealing banks from a dominant position in the FX market, according to a report released last week.
BarCap adds to Barx platform
LONDON – Barclays Capital has extended its suite of FX algorithmic trading services to include PowerFill Orders over its Barx platform.
Reuters to open up desktops, hailing radical new strategy
LONDON – Reuters is opening up the Dealing 3000 and 3000 Xtra desktops to rival platforms, in what signals a seismic shift in strategy for the electronic broker.