News
Cantor Market Data signs distribution deal
LONDON – Forex market data provider Cantor Market Data (CMD), a subsidiary of Cantor Fitzgerald, has signed an agreement with Quick Global Information(QGI) to deliver Cantor Eye across the Quick ActiveManager Treasury Package platform.
Turnover continues at RBS in sales and structuring
LONDON & GREENWICH – Royal Bank of Scotland (RBS) has seen two changes in sales and structuring in London, with one hire and a departure.
Fimat enhances risk management
WHITE PLAINS, NY – Fimat Group, a division of French bank Société Générale, has enhanced its real-time currency risk management offering in conjunction with technology vendor TwoFour Systems.
Last chance to vote for Best Banks
The poll for this year's FX Week Best Banks Awards is set to close this Friday. The awards, which celebrate the top performers in the foreign exchange industry, are voted for by banks, corporates and investors.
PFG Forex partners with Currenex
CHICAGO – Brokerage firm Peregrine Financial Group (PFG) is giving online forex trading customers access to Currenex FX market liquidity via a partnership with the technology vendor to be announced tomorrow (September 5).
FI hires to boost FX prime brokerage at Deutsche
LONDON & NEW YORK – Deutsche Bank is set to restructure its prime brokerage (PB) capabilities by building a fixed-income operation to capitalise on the success of its FX business.
How Saxo gained the Midas touch
Lars Seier Christensen and Kim Fournais have seen their business plan unfold since 1992 from FX broking boutique to billion dollar internet bank, reports Rob Shepherd
Platform launch for smaller companies
BRIGHTON – UK online FX firm 4X Currency Corporation has developed a live FX dealing and settlements platform targeted at smaller companies.
Thomson expands FX offering with Tullett
LONDON – Thomson Financial last week introduced foreign exchange and money market pricing pages with content from Tullett Prebon Information (TPI).
Standard Chartered adds fair-value model for yen
TOKYO – Standard Chartered last week introduced a fair-value model for the yen to take into account the growing interest in the Japanese currency.
StanChart extends use of FinIQ structured deposit system
GLOBAL – Standard Chartered (StanChart) is rolling out a structured deposit pricing and processing system for its currency-linked investments businesses globally.
First non-deliverable RMB rate swaps traded
HONG KONG – HSBC and Standard Chartered traded the first non-deliverable renminbi (RMB) interest rate swaps deals last Wednesday (August 16), marking a significant step in the development of the local currency derivatives market.
Saxo Bank upgrades options trading platform
COPENHAGEN – Danish firm Saxo Bank has enhanced its SaxoTrader 2 platform to offer live streaming prices on options in all major currency crosses.
CFTC fines SA resident for forex fraud
WASHINGTON, DC – A New York court has fined a South African resident over $1 million for FX fraud, in an action brought by the Commodity Futures Trading Commission (CFTC).
Trader Tools to offer ASP for wider access
NEW YORK – Trader Tools is set to launch an application service provider (ASP) product targeted at mid-tier banks to enable a wider range of institutions to access the vendor’s FX technology.
Further boost for Wachovia
HONG KONG – Wachovia has poached two forex sales personnel from Standard Chartered in Singapore and Hong Kong, as it continues to increase its presence in Asia.
IFX launches multi-manager fund
LONDON – IFX Capital Markets, part of IFX Group, has launched a currency multi-manager portfolio targeted at retail and institutional customers.
Currenex adds precious metals
NEW YORK – Currenex is expanding its footprint into precious metals with the addition of gold and silver trading.
UBS maintains results trend
ZURICH & BASEL – UBS has continued the trend of strong FX results posted by US and European banks with record results for the second quarter.
Management changes at top banks
GLOBAL – It has been a week of senior management movement at two top banks, with Deutsche and Standard Chartered seeing changes to their line-ups.
Penson enhances FX offering
MONTREAL – Trading platform Penson FX has enhanced its capabilities to introduce auto-dealing and allow access via FIX.