Tech and data
Electronic options broking to rise
LONDON -- Electronic broking of FX options is set to rise over the next 12 months, finds new research out this week.
NextSet enters forex market
PALO ALTO -- NextSet Software last week released an FX module for its Private Trading Exchange (PTX) system. PTX allows banks to offer bilateral, web-based trading to institutional and corporate clients, said Stephen Brown, director of product management.
Conflict puts newswires on overdrive
LONDON -- Market data firms reported booming interest in their services last week, as traders are increasingly turning to war reports to influence their trading.
Moneyline adds FXall quotes
NEW YORK -- Moneyline Telerate clients will be able to access real-time forex quotes from multi-bank trading portal FXall during the second quarter and make request-for-quotes by the third, the firms said last week.
Electronic options broking to rise
LONDON -- Electronic broking of FX options is set to rise over the next 12 months, finds new research out this week.
Forexster signs up first bank
BERMUDA -- Bear Stearns is participating in Forexster, a Bermuda-based FX dealing application service provider, Forexster announced last week.
White-label trend takes root
LONDON -- The liquidity outsourcing industry is reaching a crucial stage in its development, according to bankers, vendors and analysts polled by FX Week .
Conflict puts newswires on overdrive
LONDON -- Market data firms reported booming interest in their services last week, as traders are increasingly turning to war reports to influence their trading.
White-label trend takes root
LONDON -- The liquidity outsourcing industry is reaching a crucial stage in its development, according to bankers, vendors and analysts polled by FX Week .
Further uncertainty grips market
LONDON -- FX markets breathed a sigh of relief last week as the war in Iraq got under way, but as one source of uncertainty was removed, another popped up.
360T lures JPMC’s Mohr
FRANKFURT -- German FX technology firm 360T has hired Andrea Mohr from JP Morgan Chase in London to spearhead its sales effort.
Deutsche adds to e-FX
NEW YORK -- Deutsche Bank plans to add FX options, futures and exchange-for-physical contracts to its FX electronic trading and order management platform, autobahnFX, by the third quarter.
BarCap lures top dealers
LONDON -- Barclays Capital is in the midst of an aggressive recruitment campaign in London and New York, targeting staff at the world’s top investment banks.
Rumours hit jumpy FX markets
LONDON -- FX markets starved of certainty saw some price movement last week, mostly on the back of unconfirmed rumours regarding the war in Iraq.
CBA takes SunGard’s eGT
SYDNEY -- Commonwealth Bank of Australia (CBA) has gone live with SunGard Trading Systems/Front’s eGlobalTrader (eGT), a browser-based dealer distribution system, for front-office deal capture in FX and money markets.
Refco signs up Future Dynamics
CHICAGO -- US broker Refco has signed up derivatives software firm Future Dynamics to develop customised clearing products for its clients globally.
FXall opens office in Singapore
SINAGPORE -- Multi-bank FX trading portal FXall has opened an office in Singapore, the firm said last week.
ACM grows FX volumes
GENEVA -- Online FX trading firm AC Markets (ACM) traded over $8 billion in February, despite only launching in November last year, a senior official at the firm told FX Week .
Merrill extends SuperDerivatives use
LONDON -- Merrill Lynch has renewed its licence to use SuperDerivatives’ currency options pricing system, SuperDerivatives said last week.
Bank One considers electronic FX options
CHICAGO -- Following its recent purchase of Integral’s MarginMan system, and an expansion of its foreign exchange trading group, Bank One is set to make more foreign exchange trading technology decisions soon, officials said.
Tullett launches global Swapmarker
LONDON -- Tullett Financial Information, a subsidiary of brokerage firm Tullett, last week released a global version of Swapmarker, its capital markets data product.