Tech and data
eSpeed launches spot FX
LONDON -- Electronic broker eSpeed has launched spot FX on its existing dealing platform in a prime brokerage style arrangement.
ACI moves forward to Beirut
BEIRUT -- 'Moving forward' is the theme of forex industry body ACI's global congress, due to be held in Beirut on September 10--14.
'Click and deal' key for funds
LONDON -- Providing clients with the ability to trade FX directly from live streaming prices could prove key for banks targeting a range of clients, said e-FX officials speaking last week.
'Click and deal' key for funds
LONDON -- Providing clients with the ability to trade FX directly from live streaming prices could prove key for banks targeting a range of clients, said e-FX officials speaking last week.
London broker partners with Gain to launch forex
LONDON -- Electronic broker London Capital Group (LCG) has formed a white-label partnership with New Jersey-based Gain Capital, a trading technology provider and FX market-maker, as LCG expands into forex trading.
Prebon Yamane goes live with SwapsWire in Tokyo
TOKYO -- Brokerage house Prebon Yamane has gone live with SwapsWire in Asia, making it the first brokerage in Tokyo to use the system since it went live in Japan last July.
CLS to include Korean won
NEW YORK -- CLS Bank, which operates the continuous-linked settlement service for FX, will today announce its plans to include the Korean won as a CLS-eligible currency.
PaR signals return of FX risk specialists
LONDON -- Growing interest from hedge funds in banks’ FX services have been a marked feature of the markets in the past 18 months. But that relationship can work both ways, reports one new currency fund, which has seen a wave of interest from banks…
Lehman Brothers continues forex hiring drive in London
LONDON -- Lehman Brothers has hired nine forex staff in London in the past three months as part of its continued FX build-up. Two more -- including global head of FX Grant Whiteside -- have transferred to the City from New York, as the bank pursues a …
Hotspot’s Ogg on the move
NEW YORK -- Hotspot founder and former chief executive David Ogg has left the New Jersey-based online foreign exchange trading company to join equities technology firm Lava Trading in New York.
PaR signals return of FX risk specialists
LONDON -- Growing interest from hedge funds in banks’ FX services have been a marked feature of the markets in the past 18 months. But that relationship can work both ways, reports one new currency fund, which has seen a wave of interest from banks…
Asia tech hurdle for FX portals
HONG KONG -- Overcoming technological problems has been one of the main challenges facing online multi-bank FX platforms in Asia-Pacific, according to officials at the major portals in the region.
FXCM opens London office
LONDON -- New York-based retail FX trading platform Forex Capital Markets (FXCM) launched a UK office in London on July 8, a senior official at the firm in New York told FX Week .
FXConnect and SunGard enter next phase in link-up
BOSTON -- State Street has launched a straight-through processing (STP) connection enabling clients to trade with multi-bank platform FX Connect directly from SunGard’s treasury workstations.
Integral hires another ex-EBS staffer
MOUNTAIN VIEW, CA -- Trading technology firm Integral continued its hiring spree of ex-EBS staff, with the recent addition of Ian Doull, developer of the spot broker’s dealing system. As vice-president of product marketing in New York, Doull will lead…
BarCap launches first single-dealer electronic platform for euro swaps
LONDON -- Barclays Capital and Bloomberg last week launched the first single-dealer online platform for trading interest rate swaps. The platform enables BarCap’s clients to trade vanilla euro-denominated interest rate swaps across various maturities via…
Saxo adds futures trading with Refco
COPENHAGEN -- Danish investment bank Saxo Bank has added futures coverage to its online trading platform SaxoTrader as part of a partnership with Refco Overseas, the European arm of New York-based Refco Group.
Hotspot FXi takes Traiana
NEW JERSEY -- Online institutional FX trading platform Hotspot FXi has taken Californian vendor Traiana’s automated FX prime brokerage software to automate the give-up of trades between prime brokers and institutional clients using its platform.
MMS globalises forex analysis coverage
LONDON -- FX and fixed-income research firm MMS International has enhanced its forex analysis by globalising its coverage, said senior officials.
Cognotec reduces pricing risk
DUBLIN -- Irish forex trading technology vendor Cognotec has launched a pricing tool to improve banks’ speed in providing electronic forex quotes.
Korea’s ‘first online FX platform’ set to grow
SEOUL -- Internet Buy and Sell System (IBS), a real-time online FX trading platform in Seoul, should have around 95,000 new customers by the end of the year, according to the bank’s chief executive Choi Se Woong.