Tech and data
Tullett starts e-delivering data
LONDON – Tullett Financial, the data sales arm of broking group Collins Stewart Tullett, has started delivering data over the internet in a bid to win more small clients.
ACI European Congress: exhibition preview
Delegates at the seventh ACI European Congress this week will have plenty to keep them busy, as vendors and banks line up a vast array of product demonstrations and promotions.
CLS is 'changing the front-office'
LONDON – The continuous-linked settlement (CLS) service for FX trades has changed credit and trading practices among the majority of its users, reveals research from IT consultancy TowerGroup to be published this week.
Vendors gather for DWT
LONDON – FX and trading technology vendors are gathering in London this week for the tenth annual Dealing with Technology exhibition.
Traders’ perceptions of market timing
Jeffrey Todd Lins, director in quantitative analysis at Saxo Bank in Copenhagen, discusses the importance of timing in making trade decisions following an economic release
WestLB live with Hotspot FXi link-up
NEW JERSEY – WestLB in April became the first client to go live with technology vendor Cognotec’s automated link to HotspotFXi.
Swedbank installs new turrets
Stockholm – Swedbank is installing 200 new turrets from US vendor IPC Information Systems for its FX, fixed income and equity trading.
Banks compete for e-FX talent
LONDON – Dealers combining technological and sales expertise are in short supply as banks compete to secure staff that can aid their success in the growing online FX market.
Tullett plans new data launch
LONDON – Tullett Financial (TF), the data sales arm of broking group Collins Stewart Tullett (CST), is readying the launch of a new currency data product for June.
Data sets tone for firmer dollar
NEW YORK – Much stronger than expected economic data from the US last Friday has set the tone for a firmer US dollar this week – potentially putting an end to the nervousness that has kept some clients out of the market in recent days.
Reuters reorganises in Asia
SINGAPORE – Reuters has shifted a number of executives to new posts in Asia-Pacific to offer senior employees "new job experiences", it said last week.
NAB options desk "open again"
MELBOURNE – National Australia Bank (NAB) has resumed limited trading in currency options, as an April 30 deadline to amend its shortcomings passed last week.
Fairex eyes Chinese banks
SHANGHAI – Singapore-based e-FX technology vendor, Fairex International Financial Systems, is trying to win more bank clients in China through a new scheme set up by the Singapore government.
Fairex eyes Chinese banks
SHANGHAI – Singapore-based e-FX technology vendor, Fairex International Financial Systems, is trying to win more bank clients in China through a new scheme set up by the Singapore government.
GFT ramps up for institutions
ADA, MICHIGAN – Futures commission merchant Global Forex Trading (GFT) is expanding its institutional business with an aggressive recruitment drive for another new office.
News and research firms set to diversify
NEW YORK – News and research firms are looking to diversify their offerings following the recent take-over of currency analysis firm MMS by publishing group Informa Global Markets, said officials.
Volatility helps Reuters return to growth
LONDON – Renewed marketing efforts and continued volatility in the FX market led to a return to growth for Reuters’ dealing business in the first quarter despite fierce competition from EBS and Bloomberg, it said last week.
Banks draw EU25 battle plans
LONDON – Euro convergence may yet be years away for the 10 new member states joining the European Union (EU) this weekend, but far-sighted banks and brokers are already drawing up their FX battle plans for the new Europe.
FXall upgrades fault tolerance
NEW YORK – Multi-bank trading portal FXall is set to deploy the latest version of Sonic Software’s messaging middleware by the end of June, to upgrade remote communication and trading support for its sell-side client banks.