Tech and data
FNX launches margin trading and client management solution
PHILADELPHIA – Trading technology vendor FNX has rolled out Cayman, a real-time FX and cross-asset solution designed for high-volume margin trading and client management.
Reuters’ system failure disrupts FX trading
ASIA – Reuters suffered a temporary systems failure in its currency matching system Reuters Dealing 3000 Matching Host, causing disruption to trading in Asian hours last Friday. The outage acted as a firm reminder of the competitive landscape for…
Reuters’ system failure disrupts FX trading
ASIA – Reuters suffered a temporary systems failure in its currency matching system Reuters Dealing 3000 Matching Host, causing disruption to trading in Asian hours last Friday. The outage acted as a firm reminder of the competitive landscape for…
Hedging sterling/dollar is best option
Despite GBP/USD rising over 10% so far this year, Ian Stannard, senior currency strategist at BNP Paribas in London, says hedging still makes sense
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.
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).
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).
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.
Currenex adds precious metals
NEW YORK – Currenex is expanding its footprint into precious metals with the addition of gold and silver trading.
Penson enhances FX offering
MONTREAL – Trading platform Penson FX has enhanced its capabilities to introduce auto-dealing and allow access via FIX.
Bond and cyclical trades best for currencies
LONDON – Bond spread and cyclical divergence trades should make up a greater share of currency portfolio risk in coming months, according to research from JP Morgan.
Building long AUD/NZD positions with less risk
Besa Deda, Sydney-based currency strategist for the Commonwealth Bank of Australia, looks at how to gain long exposure to AUD/NZD amid high volatility
Automating FX – algorithmic trading in foreign exchange
Interest in algorithmic trading in FX is growing. John Bates, vice-president, Apama Products, Progress Software, discusses the advantages, and analyses the latest market innovations
Rouble hits seven-year peak against dollar
MOSCOW – The rouble hit its highest level against the US dollar for seven years last week, as the soaring price of oil boosted the Russian unit.
Calypso launches middle-office tool
SAN FRANCISCO – Calypso, the US technology vendor, has launched Calypso Enterprise Risk Service (ERS), middle-office risk software for FX and other asset classes.
Sharia-compliant FX takes off worldwide
GLOBAL – Islamic FX has become a viable alternative to conventional banking and is attracting more investment as a result, say market participants.
Fix guidelines for FX
NEW YORK – The Fix Protocol Limited (FPL) association released guidelines on how to implement the protocol for FX trading activities earlier this month.
Middle East violence boosts US dollar
Conflict in the Middle East contributed to a surge in the dollar and a big drop in the value of Asian currencies last week.
RBS enhances platform
LONDON – Royal Bank of Scotland (RBS) has enhanced its trading platform ahead of a realignment of its e-forex capabilities.
FXall sells $77.5 million stake to TCV FXall
NEW YORK – FXall has confirmed plans to sell a minority stake worth $77.5 million to private equity firm Technology Crossover Ventures (TCV).
New front-end technology unveiled for FXMarketSpace
CHICAGO & LONDON – Chicago Mercantile Exchange (CME) and Reuters' FXMarketSpace initiative is set to use a new front-end from Reuters that will be integrated into its 3,000 terminals.
Treasuries 'still manual'
BOSTON – Most companies still rely on manual processes for treasury and cash management, according to a survey of 160 companies by research firm Aberdeen Group. As a result, these firms miss out on a "strategic goldmine" that implementing automated…