Tech and data
RBS FiX adds EM currencies
LONDON – The Royal Bank of Scotland (RBS) has added benchmark prices for Estonian kroon, Lithuanian litas and Latvian lats to its e-FX service, RBS FiX.
CME goes live on Reuters
CHICAGO and LONDON – The Chicago Mercantile Exchange (CME) has rolled out CME FX on the Reuters Dealing 3000 platform.
Volumes up on trading platforms
LONDON – Trading platforms have seen a strong start to the year, with substantial increases in volumes.
CoesFX launches Asian branch
PLAINVIEW – Electronic FX trading network, CoesFX is expanding into the Chinese market with the launch of CoesFX Asia.
Saxo upgrades trade tool
COPENHAGEN – Saxo Bank is working on an upgraded version of its SaxoTrader online trading tool. The product will soon be in alpha testing and is expected to go into production in mid June, following a period of testing with partners and customers.
Asia shies away from dollar bloc
Basel – Asian currencies are not trading as a dollar bloc, said the Bank for International Settlements (BIS) in its quarterly review last week.
EBS opens to investor community
LONDON – EBS is launching its buy-side offering this week following a successful pilot with nine banks that has been running since November.
Buy-side access to hit banks
NEW YORK & LONDON – The race to arm buy-side players with direct trading access to sell-side foreign exchange platforms will hit bank FX desks, said market players.
RBC in latest rogue trade scandal
LONDON – Royal Bank of Canada (RBC) is understood to have suspended three staff following an unlawful trade on the New Zealand dollar.
Avecia uses RBSFiX for huge deal
MANCHESTER – Avecia, a UK-based speciality chemicals company, has transacted a €495 million foreign exchange deal over the RBS FiX electronic trading system provided by the Royal Bank of Scotland (RBS).
A broader view than the yuan
While much attention is focused on a likely shift in the value of China’s currency, Ashish Advani (right), director of risk solutions at Travelex in Toronto, points to a way of hedging against the more imminent risk of free-floating Asian currency…
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.