Tech and data
Institutional clients boost Gain volumes
WARREN, NJ -- Increasing numbers of institutional investors using online FX trading firm Gain Capital’s platform helped boost volumes to a record $25 billion in August, said Gain’s New Jersey-based chief executive, Mark Galant.
Tradition forges into retail
NEW YORK -- Inter-dealer broker Tradition is moving into the retail market with the launch of a new online FX trading platform targeting individual investors, the firm announced last week.
Tullett Financial Information launches SwapsMarker Europe on Bloomberg
LONDON -- Tullett Financial Information, a subsidiary of brokerage firm Tullet & Tokyo Liberty that provides data on derivatives products, has launched its SwapMarkerEurope interest rate swaps service on Bloomberg.
Tech Briefs
WSS hits 1 million FX trades a day
Aussie seeks momentum
The Aussie remained trapped within September’s tight trading range during the first week of October, says Adam Myers, quantitative FX strategist at Westpac Bank in London.