Tech and data
Etrali connects trading rooms
PARIS -- Etrali is offering an internet protocol (IP) gateway allowing FX traders to access positions and conferencing facilities while moving between trading floors globally.
Making the most of fresh yen strength
A fresh bout of yen strength may be imminent. Simon Derrick, head of Bank of New York’s currency strategy team, describes a simple, low-cost strategy for currency overlay managers looking to take advantage of the latest moves
FNX extends in Thailand
BANGKOK -- FNX, the Philadelphia-based technology vendor, has said that Siam Commercial Bank (SCB) is now using its Sierra Treasury Solution, the third client to go live with it in Thailand.
Calyon chooses Reuters for FX
LONDON -- Calyon has launched its revamped FX online trading platform, Aquarius, using Reuters technology.
Reuters & Bloomberg target buy side
NEW YORK -- Bloomberg and Reuters are going head to head in a bid to target the burgeoning buy-side market, with forex transactional capabilities being launched by both global information providers.
ACM adds currencies and precious metals
GENEVA -- Advanced Currency Markets (ACM), the online FX trading firm owned by Refco group, is adding several new currency pairs and precious metals to its online dealing platform.
Regional FX investments take off
LONDON -- Sales of investments linked to baskets of regional currencies have taken off as investors search for yields from broad macro themes in Asia and central Europe.
Market players look to future euro members
BUDAPEST & WARSAW -- International investment banks have piled into central Europe ahead of planned euro adoption.
Orion implements Penson FX
MONTREAL -- A Canadian financial services firm has launched an online, hosted forex trading system, Penson FX, which is aimed at investment managers and brokers.
Further departures at Morgan Stanley
LONDON -- Morgan Stanley’s recent FX staff exodus continued with the departure of another two in sales following two leavers last week.
Asian ERM debate returns to the fore
HONG KONG -- Calls for an Asian currency regime mirroring the European exchange rate mechanism (ERM) are coming to the fore, as the region’s authorities face mounting pressure to alter their exchange rate policies.
Trayport adds FX functionality
LONDON – Trayport, the London-based technology vendor, has enhanced the functionality of its flagship trading platform Global Vision 8 (GV8).
Portware offers access to Hotspot
NEW YORK – Portware, the New York-based vendor has implemented access to Hotspot FXi’s live foreign exchange trading market-place via its real-time, FIX-compliant, broker-neutral system Portware Professional.
The unitised managed assets solution
Packaging FX into a fund that retail investors can get easy access to is not straightforward, say Jan Vandendriessche, director, managed assets development, and Stephan Martinussen, senior manager, sales trading at Saxo Bank. They advocate setting up a…
Ringgit peg likely to end, say analysts
KUALA LUMPUR & SINGAPORE – The days of the Malaysian ringgit’s six-year peg to the dollar look to be numbered, according to analysts in the region.
Q4 forex gains at US banks
NEW YORK – US banks have posted strong revenues from their forex business in the last quarter of 2004, reversing the dismal returns from the previous quarter.
GFT deepens Asian presence
TOKYO – Futures commission merchant Global Forex Trading (GFT) is expanding its presence in Asia by establishing offices in Tokyo, Hong Kong and Sydney.
BTM takes Cognotec’s MRM
TOKYO – Bank of Tokyo Mitsubishi (BTM) has gone live with technology vendor Cognotec’s Market Rate Manager (MRM) solution, the vendor announced last week.
Kissing with confidence is key to FX
Keep it structurally simple (Kiss), says Evan Steed, director FX options trading and sales TD Bank Financial Group. This truism is especially appropriate as the greenback faces an uncertain future and regulatory change comes to Canada