Tech and data
FX markets shrug off Kenya attacks
LONDON -- There was muted reaction in the FX markets to last week’s terrorist attacks in Kenya.
Tech briefs
RBS Greenwich takes FNX
Forex e-trading volumes rising
NEW JERSEY -- US-based retail and institutional FX trading service Gain Capital notched up record trading volumes in October, the firm said.
Nedbank takes Reuters’ web OMS
JOHANNESBURG -- South African bank Nedbank became the first bank to go live with an internet-enabled forex order management service from Reuters Treasury Solutions, the bank announced last week.
Prebon joins SwapsWire
LONDON -- Inter-dealer broker Prebon Yamane went live last week on SwapsWire, an electronic service for confirming swaps deals that launched earlier this month.
CURRENCY SPOTLIGHT - Sterling strong for now
Sterling should remain supported by favourable fundamental and structural factors, but it is vulnerable to fluctuations in investor risk appetite, says Prebon Yamane’s Lena Komileva
Cross-products find their feet
LONDON -- Cross-product trading is no longer just a "mantra" chanted by sell-side bankers, said Matt Desselberger, managing director, corporate structured products group at Deutsche Bank in London.
Buy side embraces e-FX
LONDON -- Buy-side consumers of FX are increasingly using technology to add to their trading operations.
Tech briefs - Multi-bank portals fight for viability
Multi-bank FX portals’ fight for viability is about to be won -- or lost -- said London-based research firm ClientKnowledge, after publishing its estimates of the portals’ trading volumes last week.
Reuters reasserts forex dominance
UK trading technology and information firm Reuters may be having a difficult year, but its forex business is booming, according to FX Week ’s 2002 survey.
Top five dealers close ranks
Shrinking market rewards top players in biggest ever forex survey
Congress bites
CME launches online futures tool
BBH upgrades web platform for investors
NEW YORK -- US custodian Brown Brothers Harriman (BBH) went live with the upgrade of its web-based currency trading service FX WorldView last week, Brenda Kerins, head of FX e-commerce at BBH in New York told FX Week .
Tech briefs
WSS launches upgrades
Reuters adds Singapore dollar trading to D-3000
SINGAPORE -- Information and technology firm Reuters last week launched Singapore dollar forwards trading on its Dealing 3000 platform.
Reuters adds Singapore dollar trading to D-3000
SINGAPORE -- Information and technology firm Reuters last week launched Singapore dollar forwards trading on its Dealing 3000 platform.
Rate cut turns market anti-dollar
NEW YORK -- The US dollar hit three-month lows against several major currencies last week, triggering a welcome return of volatility to the markets after months of range trading.
Yen shrugs off loans plan
TOKYO -- There was muted reaction in the FX markets last week to the Japanese authorities' plans to tackle bankss bad loans and revive the region's faltering financial system, analysts told FX Week .
AutoDeal+ sees light
LONDON -- FX trading technology vendor Cognotec will today (November 4) launch AutoDeal+, its new foreign exchange trading platform.
FXall expands STP influence
LONDON -- Multi-bank FX trading portal FXall last week announced complete straight-through processing (STP) for clients of treasury management system vendors XRT, Selkirk and SimCorp.
Tech briefs
SuperDerivatives snares Mizuho FX options pricing vendor SuperDerivatives has added Mizuho Corporate Bank to its client list.
Swissie stays stable
Risk aversion has aided Swiss franc progress, says David Durrant, chief currency strategist at Julius Baer Asset Management in New York
Expansion in forwards trading and teams
LONDON -- The FX forwards market is seeing an influx of new dealers and trading systems as players battle for market share in the lucrative sector.
Banks buy not build for FX
LONDON -- Banks are increasingly outsourcing FX technology, moving away from proprietary systems, bank officials and FX vendors told FX Week .