Tech and data
JPMC and ABN add CLS clients
NEW YORK – JP Morgan and ABN Amro have added new clients to their continuous-linked settlement (CLS) services. JP Morgan Treasury Services implemented Prudential Financial’s (PFI) global derivatives business in four weeks – its fastest implementation yet…
LavaFX on track despite Citi deal
NEW YORK – Citigroup’s planned acquisition of securities trading vendor Lava Trading will not alter the New-York based firm’s plans to launch LavaFX, a multi-bank FX trading platform, next month, a Lava spokesperson told FX Week.
Rupiah vol ahead as elections continue
JAKARTA – The Indonesian rupiah continued to rise last week, hitting 9,000 against the dollar following a smooth first round to the country’s first-ever presidential elections. But market participants are wary of the medium-term outlook as the country…
Brokertalk to bring chat back to the market
LONDON – A group of former investment bankers, asset managers and fixed-income traders has launched a news service to provide traders with a view of market activity they feel has been lost in the age of e-trading. Brokertalk launched last week (July 5)…
FNX licenses derivatives analytics
Philadelphia – Treasury management system vendor FNX is adding to the derivatives analytics on its Sierra platform with models from US banking software vendor Suite.
Hotspot adds market makers
NEW JERSEY – Hotspot FXi has added six banks to its institutional trading marketplace to act as market makers and prime brokers. BNP Paribas, HSBC, HVB Group, Société Générale (SG) and WestLB are now all live on the platform providing streamed prices to…
SuperDerivatives a hit in Greece
ATHENS – SuperDerivatives is making headway in Greece, with four new customers for its forex options pricing system SD-FX over recent months, the firm said last week.
RBS migrates FXstream to Caplin
LONDON – The Royal Bank of Scotland (RBS) has started using technology from UK vendor Caplin Systems to bring real-time connectivity to its internet-based forex trading platform FXstream.
FXall adds Japanese bank
TOKYO – Multi-bank portal FXall is continuing to expand its Japanese client base with the addition of Mitsubishi Trust and Banking Corporation (MTBC) to the platform early next quarter. Misubishi Trust, the largest trust bank in Japan, is the second…
GNI adds to spot platform
LONDON – UK broker GNI, a division of alternative investment provider Man Group, goes live today (June 28) with two more currency pairs on its online platform GNI Touch's spot FX trading module.
Twist targets corporates with new payments standards
LONDON – Twist, the treasury standards organisation, is releasing new payments standards resulting from collaboration between a number of banks, corporates and standard authorities.
HSBC adds real-time flow data to auto-trader
LONDON – HSBC is piloting a new version of its FX auto-trading system to combat pricing and liquidity issues in online trading, a senior official told FX Week .
Citigroup doubles e-FX volume in first half
LONDON – Citigroup has almost doubled its e-FX trading volume during the first half of this year, a senior official told FX Week .
EBS trading soars on volatility
LONDON – Spot broker EBS reported the fourth busiest trading day in its 11-year history last Wednesday (June 9), as the market reacted to a Federal Reserve statement hinting at aggressive rate hikes.
Icap to add trading to i-Swap
LONDON – Faster-than-expected advances in electronic derivatives trading have prompted inter-dealer broker Icap to step up plans to launch its own electronic swaps trading platform.
Reuters sees sales turnaround
LONDON – Reuters chief executive Tom Glocer last week announced the first positive month for sales since May 2001. Speaking at an investor's conference in London, Glocer said sales of the vendor's data and technology products in May 2004 exceeded…
FX Cross sees record trading volumes
LONDON – Citigroup and institutional broker Instinet said last week that record volumes are going through their joint forex matching service.
Consortium tackles broker STP
LONDON – A handful of prominent banks and brokers known as the Trader Notification Service (TNS) Consortium has launched a platform that automates trade notification between its members.
Front integrates dt Compass, Arena
STOCKHOLM – Front Capital Systems, the Swedish subsidiary of SunGard, is working with four clients to integrate the recently purchased dt Compass FX options system from Derivatech into its Front Arena trading system.
HSBC wins BMo CLS contract
MONTREAL – Bank of Montreal (BMo) has selected HSBC as its settlement member for the continuous-linked settlement (CLS) service. The deal will bring HSBC another 200,000 FX transactions a year to settle on the New York-based settlement service on behalf…