News
Global connection for Integral
MOUNTAIN VIEW CALIFORNIA – Software vendor Integral Development has launched its connectivity product FX Grid 2.0 around the world.
Bloomberg enters FX options market
NEW YORK – Bloomberg is continuing to build up its portfolio of FX tools with the planned introduction of FX options trading.
Deutsche’s Coyne BarCap bound
LONDON – Andy Coyne, head of FX prime brokerage at Deutsche Bank in London, is to leave to run e-commerce for Europe at Barclays Capital, in the same city.
Greenspan and Snow to visit Cfets
BEIJING – Alan Greenspan, Federal Reserve chairman, and John Snow, treasury secretary, will visit the Shanghai office of the China FX trading system (Cfets) on their visit to China this week.
IFX Group gets a boost from forex
LONDON – IFX Group, the City-based financial trading and spread betting company, expects to make in excess of £1.7 million in its interim results, after strong profit growth in its global FX trading operations.
Tietmeyer warns of global imbalances
LONDON – The increasing level of global imbalances is leading to greater risks for the global economy, according to Hans Tietmeyer, former president of the Deutsche Bundesbank.
Traiana raises capital for expansion
TEL AVIV – Trading platform vendor Traiana has raised $15 million in capital from Israeli venture capital firm Pitango.
HIA to support the dollar
NEW YORK – An expected surge in the repatriation of funds under the Homeland Investment Act (HIA) in the next few months will provide support for the dollar through to year-end, according to analysts.
Taiwan allows yuan trading
TAIPEI – The Taiwanese authorities have for the first time granted permission to its citizens to buy renminbi in a sign of thawing economic relations between Taiwan and China.
Energy costs and hurricane Katrina hit currency funds
STAMFORD – Currency fund managers took a hit in August against a backdrop of high energy prices and the costly destruction caused by hurricane Katrina.
Merrill adds FX to rates desk
NEW YORK – Harry Lengsfield, global head of rates at Merrill Lynch in New York, has expanded his responsibilities to include FX. He takes on the extended title of managing director and head of global rates and FX, global markets and investment banking.
GFT adds DealBook features
ADA, MICHIGAN – Global Forex Trading (GFT), a provider of real-time currency dealing, pricing and services to forex traders, has added new features to its DealBook FX 2 offering.
Forex hits the wild east
ALMATY – The rapid expansion of the emerging market economies is forcing the development of local currency derivatives markets.
BCV signs up to 360T
LAUSANNE – Banque Cantonale Vaudoise (BCV) has signed as a liquidity provider to German multibank portal 360T.
Wall Street adopts Solaris
LONDON– Version 4.1 of Wall Street System's (WSS) treasury and capital markets system for FX and other asset classes now supports Sun Microsystems' Solaris 10 Operating System (OS). It runs on SPARC processor-based Sun systems.
Ex-NAB traders to stand trial
MELBOURNE – Vincent Ficarra and Gianni Gray, two former National Australia Bank (NAB) forex options traders, are to stand trial for their part in the A$360 million rogue trading scandal uncovered by the bank last year.
Oanda boosted by $17m stake from Index Venture
LONDON AND GENEVA – Venture capital firm Index Venture has bought a $17 million stake in global currency trading firm, Oanda.
Hong Kong set for retail yuan NDF contracts
HONG KONG – Authorities in the Special Administrative Region are to follow China's lead in making renminbi non-deliverable forwards (RMB NDFs) available for trading next month.
Barclays offers Chinese research
HONG KONG – Barclays Capital is launching its FX weekly research in traditional and simplified Chinese for the Hong Kong, Taiwan and mainland Chinese investor base.
Three into one for GFI
LONDON – GFI Group is bringing together staff split between three locations in London to a single site in Broadgate West.
Logiscope speeds up messaging
LONDON – Logiscope, a provider of market data and post-transaction messaging to the financial community, launched the TradeSTP Vendor Partnership Program last month. The new initiative is set to expand and speed up the certification of Logiscope's deal…