News
EBS joins algorithmic bandwagon
LONDON – FX trading platform EBS is to enable algorithmic trading over its platform as it enhances capabilities to expand the range of services available to the buy side.
Sales high on Asian wish list
HONG KONG – The burgeoning hedge fund industry in Asia has boosted demand for sales staff in the region.
GFT opens Aussie office
SYDNEY – Global Forex Trading (GFT), the provider of real-time currency dealing, pricing and services for retail and institutional forex traders, has begun operating a field office in Sydney, Australia.
RBS hits the heights on Cfets
SHANGHAI AND EDINBURGH – Royal Bank of Scotland (RBS) has done the most deals and seen the highest volume on Chinese trading system China foreign currency trading system (Cfets) since its launch.
FX Connect hikes prices pre-upgrade
BOSTON – Multi-bank portal FX Connect has put up charges by 25–40% across the board, and is to implement a wide-scale upgrade of its system.
New name and chief executive for Tullet
NEW YORK – Tullett Financial has changed its name following the merger with Prebon, and named G Andrea Danese as chief executive. The company will now be known as Tullett Prebon Information.
Standard Chartered adds three to FX options desk
SINGAPORE & MUMBAI – Standard Chartered bank has boosted its forex options team in East Asia with three new hires.
Reuters consolidates Knowledge platform
New York – Reuters is introducing a new version of its Knowledge research and fundamental analysis product, which will replace the previous Reuters and Multex incarnations of Knowledge with a single platform.
Nihon Unicom joins EBS Prime
Tokyo – Prime brokerage platform EBS has increased its exposure in Japan by signing up a Japanese futures commission merchant (FCM) as an EBS Prime customer.
London blasts hit e-trading
LONDON – Last Thursday’s terrorist attacks in London caused widespread disruption to electronic trading, with spreads widening considerably and at least one bank not delivering prices to a portal.
London bomb blasts test contingencyplans
LONDON – Last Thursday’s terrorist attacks on London put the FX market’s contingency plans to the test, as explosions ripped through the heart of the global forex capital.
CLS Bank settles new record in daily volume
LONDON AND NEW YORK – CLS Bank International (CLS Bank), the global settlement firm, set a new record for the volume of payment instructions settled in one day.
Hedge fund interest in forex continues
London – High profile banks and investment houses are launching currency fund of hedge funds (FOHFs), showing the continuing interest as FX as an asset class.
Netpicks Forex and CoesFx in partnership for FX trade
PLAINVIEW, NEW YORK – CoesFx, the New York-based FX electronic currency network (ECN) has formed a partnership with NetPicks Forex, the online day-trading service.
Algorithmic trading: the new FX frontier
NEW YORK – Algorithmic trading is set to become the new frontier of foreign exchange trading, according to market analysts.
FX Week USA Congress, NY
NEW YORK – Following the success of last year’s inaugural USA congress, FX Week will be hosting its second annual meeting of industry players in New York this Thursday.
Q&A Christiane Mandell
Keynote speaker at this week’s FX Week USA conference, the widely respected Christiane Mandell is a leading light in the FX business. As global head of FX for Bank of America, she has increased the bank’s profile by aggressively hiring the brightest…
eSpeed upgrades spark changes
LONDON – FX platform vendor eSpeed is undergoing a number of changes to its staff in the coming weeks, as it seeks to improve its position in the market.
DrKW continues to rebuild in FX
PARIS – Dresdner Kleinwort Wasserstein (DrKW) is continuing to rebuild its foreign exchange capabilities with hires in Paris and London, following the major cuts seen at the German bank in December.