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Tech briefs
State Treasury of Finland joins growing Trema client list
Refco launches web prime brokerage using Currenex
CHICAGO -- Refco F/X Associates, part of Refco Group, has taken its FX prime brokerage service online in a bid to improve efficiency, a senior official at the broker in Chicago told FX Week .
IG takeover sparks FX job worries
LONDON -- FX jobs could be under threat if City Index, the London-based spread-betting shop owned by Intercapital private group, goes ahead with a takeover of rival IG Index.
Hotspot FXi opens in Europe
NEW JERSEY -- Online institutional FX trading platform Hotspot FXi has hired Rakesh Shah to head its new European office in London.
FX offers hope for Reuters
LONDON -- Dealing 3000, Reuters’ FX trading system, lost some ground last year, but FX provided some joy for the information and technology giant in its annual results published last week.
Market static as uncertainty rules
LONDON -- There was little action in G3 FX last week, as the geopolitical stand-off over Iraq extended to the markets.
Technology Briefs
CL uses City Networks for CLS
RBA unwinds Australian dollar holding
SYDNEY -- The Reserve Bank of Australia took profits on its Australian dollar holdings earlier this year, selling nearly A$500 million, according to the bank’s February bulletin.
eSpeed to add spot and forwards forex
LONDON -- Electronic broker eSpeed is adding spot and forwards FX broking to its platform in the second half of this year to cater for traders who cover multiple asset classes.
Tech briefs
CBA adds FXall link
eSpeed to add spot and forwards forex
LONDON -- Electronic broker eSpeed is adding spot and forwards FX broking to its platform in the second half of this year to cater for traders who cover multiple asset classes.
Digital strike combats Korean hedging worries
A local importer in South Korea with upcoming dollar payables would be wise to consider a digital strike forward as tensions increase in North Korea, says Charlie Brown, head of structuring and solutions for global FX options at Standard Chartered Bank…
Goldman to add FX to research portal
LONDON -- Investment bank Goldman Sachs will add FX to a new centralised data and research platform in March.
Trema corners central bank FX market
STOCKHOLM -- Swedish technology firm Trema is tightening its grip on the market for central bank FX technology, senior officials at the firm told FX Week .
GFI closes FX options mark-to-market gap
NEW YORK -- Solving the problem of marking FX options to market came a step closer to being resolved last week, with the launch of a new ‘revaluation fixing’ service from New York-based interdealer broker GFI.
Blix report boosts dollar
NEW YORK -- The US dollar rallied slightly in the wake of United Nations chief weapons inspector Hans Blix’s report on Iraq late last Friday.
BBH takes FX Index Link online
NEW YORK -- US custodian Brown Brothers Harriman (BBH) has put its FX Index Link trading service online.
DrKW platform adds spot gold
FRANKFURT -- Dresdner Kleinwort Wasserstein (DrKW) has gone live with non-physical spot gold trading on its online trading platform Piranha FX, the bank announced last week.
Tech briefs
Trayport launches Global View 8
Rabobank invests in Italy’s e-Mid
MILAN -- Dutch bank Rabobank has become the 43rd shareholder in Italy’s e-Mid, which provides electronic markets for treasury products, the firm said last week.
Analysts mull Iraq FX fallout
LONDON -- With geopolitical tensions continuing to dominate FX markets, analysts are now looking beyond any potential conflict at the possible fallout and its impact on currencies.
Attain uses COESfx to enter FX arena
NEW YORK -- US equities day-trading firm Attain Services has started trading forex, using a new online FX electronic communications network (ECN).
SuperDerivatives adds benchmarking tool
LONDON -- UK forex options pricing vendor SuperDerivatives last week announced the launch of a new buy-side interface for its benchmark FX options model. The firm hopes the move will encourage more buy-side users to price and use options to hedge their…
New Fimat platform targets exchange clients
PARIS -- Fimat Group, the brokerage arm of French investment bank SG, will launch an online FX dealing platform this week in a bid to snare clients from major futures exchanges.