Infrastructure
Latency concern grows over FX algos
NEW YORK – Data latency is an emerging concern for trading participants, as algorithmic trading becomes more widely used in FX markets.
Data extraction platform from Reuters
NEW YORK – Reuters has launched Reuters DataScope Select Version 1.2, a data extraction platform providing global pricing, validated terms and conditions, historical data content and cross-reference data for FX and other asset classes.
Reuters deal for Indian bank
DELHI – The Union Bank of India (UBI) has become the first public sector bank in India to become a market maker on Reuters Trading for Foreign Exchange (RTFX) and Reuters Trading for Bullion.
The Chinese way
A lot has happened in China since its accession to the WTO in 2001. Arnie Papp, general manager for Asia-Pacific at Calypso, explains the effect the changes have had on FX in the region
Integral completes forex trading offering
MOUNTAIN VIEW, CALIFORNIA – Integral, the US technology vendor, has launched FX Inside Plus to streamline and automate the entire foreign exchange trading process, from origination to distribution.
Electronic FX talent must be rewarded
This week sees the e-FX awards handed out to the best and brightest in the industry. I can't give a sneak preview of the winners as they will be revealed on Tuesday and covered in next week's issue. However, I'd like to share some observations that the…
How to position in emerging Asia?
Ben Simpfendorfer, Hong Kong-based Asian strategist for the Royal Bank of Scotland, looks at how to gain exposure to emerging markets amid fears that they will sell off
Eurobase signs software deal with StanChart
LONDON – Eurobase Banking Solutions and Standard Chartered Bank have signed a deal where the latter uses Siena XML Gateway to manage FX price-streaming to additional e-FX trading portals.
Ex-NAB traders jailed
MELBOURNE – The final chapter of the National Australia Bank (NAB) trading scandal unearthed in 2004 closed last week, with the last two forex options traders jailed.
A brave new world for foreign exchange?
Talk of a new platform being launched by Lava and the CME/Reuters joint venture makes it feel as if the FX market is about to experience a revolution similar to that which it saw at the start of the millenium.
Asia Pacific: RBS launches US dollar swap trading in Asia via Bloomberg
HONG KONG – The Royal Bank of Scotland (RBS) launched US dollar swap trading last week during Asia business hours on Bloomberg.
CLS Bank settlement volumes rise in May
NEW YORK – CLS Bank International (CLS Bank) has reported a further rise in settlement volumes.
Harnessing e-FX benefits
FXall's Mark Warms, general manager, Europe, says treasuries should consolidate their trading functions.Platforms can help them do this, but flexibility is needed
Creating an algorithmic safeguard
Stuart Crooks, vice-president, sales for FlexFX in London, points to algorithmic trading as a way to keep up with the increasing speed at which the market moves
New algo trading tool from tech vendor trio
NEW YORK – Technology vendors Portware, Random Walk Computing and IBM have teamed up to launch Portware on Power, a new system for algorithmic trading.
CLS sets new one-day record
LONDON & NEW YORK – CLS Bank International (CLS Bank) has set a new record for the value of payment instructions settled in one day.
MarketSpace: a tough challenge for CLS
The joint venture between CME and Reuters to create a market-wide FX exchange has every chance of changing the face of the industry.
Currenex signs two STP deals
LONDON – Currenex, the FX platform and technology vendor, has signed two straight-through processing (STP) deals with technology vendors BT Radianz and Wall Street Systems (WSS).
CLS in MarketSpace talks
NEW YORK – CLS is in discussions with Reuters and CME about the clearing element of the MarketSpace initiative, as the settlement system seeks to ensure its long-term sustainability.
GFI rolls out pricing tool for structured products
NEW YORK – Interdealer broker, GFI has released a new version of its pricing and risk management software, incorporating a structuring and pricing tool for structured products.
CME to offer Renminbi
HONG KONG – The Chicago Mercantile Exchange (CME) announced last week that it is set to list futures contracts and options on futures on the Chinese renminbi against the US dollar, the euro and the yen.
CLS in MarketSpace talks
NEW YORK – CLS is in discussions with Reuters and CME about the clearing element of the MarketSpace initiative, as the settlement system seeks to ensure its long-term sustainability.
Orc adds FX coverage
STOCKHOLM – Swedish technology vendor Orc Software is expanding its multi-asset trading capabilities to the forex market by providing direct access to FXall and Hotspot FXi.
DataSynapse partners Misys
Misys Banking Systems, a banking software provider, is expanding its partnership with DataSynapse to grid-enable the Misys treasury and capital markets solution, Misys Summit FT, with DataSynapse's GridServer.