Tech and data
Hotspot FXi signs major asset manager
TACOMA, WASHINGTON – Asset manager Russell Investment Group is to use FX market-place Hotspot FXi to reduce trading costs, offer clients trading anonymity and provide access to additional liquidity.
Strong Q2 for US FX
BOSTON & NEW YORK – Indications that the forex industry continues to boom emerged last week as two US banks posted strong FX results for Q3.
Barx adds cross-currency swaps
LONDON – Barclays Capital (BarCap) has added cross-currency basis swaps to its Barx via Bloomberg service, it has announced.
CoesFX cuts out middle man
PLAINVIEW, NEW YORK – Electronic currency network (ECN) COESfx has removed its trading desk to give users direct access to prices on the platform.
Students tested on GFT FX platform
ADA, MICHIGAN – Some 160 undergraduate finance students are putting their financial knowledge to the test by using Global Forex Trading’s (GFT) DealBook FX 2 as their web-trading platform.
Barclays goes live with Barx.com
LONDON – Barclays Capital has gone live with Barx.com to complement its Barx e-commerce platform.
TradeFX lands sell-side backers
NEW YORK – TradingScreen is launching a hosted FX transaction connectivity service, which has already got the support of several sell-side firms, according to the vendor.
JP Morgan signs Rabo
LONDON AND NEW YORK – Rabobank has selected JP Morgan as its global clearing services provider for US dollar cash and securities transactions, as it looks to expand its US dollar business.
Cameron Fix for market data
LONDON & NEW YORK – Cameron Systems has developed the Cameron Fix Market Data Server to carry market data on FX, equities and fixed income, among others, to clients over the Fix messaging protocol.
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.
Traiana raises capital for expansion
TEL AVIV – Trading platform vendor Traiana has raised $15 million in capital from Israeli venture capital firm Pitango.
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.
BCV signs up to 360T
LAUSANNE – Banque Cantonale Vaudoise (BCV) has signed as a liquidity provider to German multibank portal 360T.
Yuan for the money
With the growing importance of the Chinese market, James Malcolm, senior currency strategist at Deutsche Bank in Singapore, suggests range-trading USD/CNY NDFs from the short side, to capture gains
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…
Interactive to switch FX feed
BEDFORD, MASSACHUSETTS – Data vendor Interactive Data is to switch off an old forex data feed from its ComStock division and replace it with a new one from another part of ComStock, GTIS.
Dow Jones adds to forex coverage
HONG KONG – Dow Jones Newswires has launched a website to complement its 'CommentaryPlus' real-time commentary and analysis service.
All this and more
In the final multibank platform focus, FX Week looks at the prospects of FXall in its bid to continue the growth it saw in its first four years
SuperD expands into rates
LONDON – Online options trading platform SuperDerivatives has launched its own interest rate options platform, SD-IR, following on from its entry into the FX market with SD-FX in 2001.
FNX extends connectivity
PHILADELPHIA – FNX, the Philadelphia-based vendor, has extended connectivity to third-party systems BrokerTec, eSpeed and to the CME and CBOT exchanges.