Post-trade
Derivative Fitch launches beta CFXO model
LONDON – Derivative Fitch last Wednesday (June 27) released a beta version of its Vector CFXO model for collateralised foreign exchange obligations, aimed at increasing transparency in the market and the understanding of its ratings.
China slams speculative inflow banks
BEIJING – HSBC, Standard Chartered, Citi and the Bank of East Asia were among 10 international banks disciplined by the Chinese FX regulator last week.
Participating in a rangy/bullish spot
How can clients maximise potential gains from favourable spot moves while minimising the downside risk? Eric Ohayon of Bank of America in London investigates
BNP Paribas boosts sales teams in London and Paris
PARIS & LONDON – BNP Paribas has added to its London-based FX hedge fund sales team, and strengthened its Paris-based FX sales team to cater for central banks and official institutions.
BNP Paribas multi-asset trading system to go live this year
LONDON – BNP Paribas plans to go live with a new multi-asset trading system in the third quarter of this year, marking the move of another bank away from silo-based trading and sales.
E-trading comes in many flavours
The future of electronic trading is mapped out by Nick Dyne , chief executive of London-based data management and STP systems vendor Logicscope
BIS report highlights trade growth
BASEL – Trading in currency, interest-rate and equity products continues to grow, according to the latest Bank for International Settlements (BIS) quarterly review released last Monday (June 11).
Progress adds algorithmic functionality to Apama
BEDFORD, MASSACHUSETTS – Software vendor Progress Software is today (June 18) launching an FX package that allows FX traders to run algorithms across multiple liquidity sources, accessing best price and market depth.
GSAM jumps on Hotspot FX bandwagon
JERSEY CITY – Goldman Sachs Asset Management (GSAM) is understood to have signed on for electronic communication network (ECN) Hotspot FX, sources have told FX Week .
FX and DX: volatility events and the bid-ask spread
Charles Wright suggests a rational means for adjusting the bid-ask spread to compensate for the uncertainty associated with routine event-driven conditions
PIA launches independent research service
A team of three former Dresdner Kleinwort bankers last week launched Price Information Advantage (PIA), an independent provider of technical research platform.
Canadian dollar reaches record highs
OTTAWA – The Canadian dollar rose to record highs last week, amid better than expected growth leading to anticipation of interest rate rises.
Mifid: the final countdown
Those that haven't firmly addressed their execution policy must take action, says Chris Pickles , chair of the directive's Joint Working Group in London
SwapsWire rolls out to South Korea
SEOUL – SwapsWire has gone live in South Korea. Interdealer brokers Tullett Prebon and BGC Capital Markets are now using the service to provide OTC trade confirmation and straight-through-processing (STP) services to dealing clients in the country.
Algorithmic trading:the race for better value
The rocketing popularity of algo trading is examined byMark Akass, chief technology officer of BT Global Financial Services
Man Financial takes on TwoFour
WHITE PLAINS, NEW YORK – Broker Man Financial has licensed technology vendor TwoFour’s trade processing tool for its European and US treasury operations.
JP Morgan to offer structured deposit system
SINGAPORE – JP Morgan plans to go live with a structured deposit pricing and processing system by mid-June, to automate the roll-out of dual currency investment products.
Caplin Systems unveils web trading tool
LONDON – Market data systems vendor Caplin Systems is today (May 21) launching Caplin Trader, an out-of-the box web trading application that enables banks to build multi-product trading portals in FX and fixed income, officials at the company told FX…
Automation hot for Russia
MOSCOW – Automation was the central theme at the third annual international foreign exchange seminar in Moscow last Tuesday (May 15).
Misys upgrades Opics Plus for higher volumes
NEW YORK – Technology provider Misys has launched Opics Plus v2.0, to accommodate an anticipated rise in FX trading volumes by clients.
Saxo continues Asia expansion in Singapore
SINGAPORE – Saxo Capital Markets, the Asian subsidiary of Saxo Bank, is continuing to expand its footprint in the Asia-Pacific region, with two key appointments in Singapore.
Wall Street Systems eyes smaller banks
MONTREAL – Wall Street Systems has made its Wallstreet FX trade processing tool available over an application service provider (ASP) aimed at smaller banks.
Logicscope to use BT Radianz for TradeSTP
LONDON – Logicscope, a data management and STP systems vendor, said it will use the BT Radianz shared market infrastructure to offer hosted access to TradeSTP, its multi-asset trade notification product.