Electronic trading
Christopher Street finds new global head
Steve Janjic has joined Christopher Street Capital as managing director and global head of e-FX sales and distribution in New York.
In Brief, November 8, 2010
Read this week's In Brief to stock up on the latest technology news around the FX world.
CLS to double input capacity by year-end
CLS plans to double the capacity of its trade notification gateway by year-end, which will prevent a repeat of the backlog that emerged from the May 6 spike in trade, officials tell FX Week.
Mallinder at DealHub
David Mallinder has joined post-trade technology vendor DealHub as head of electronic FX business development in London.
BGC's forex revenues rise in Q3
BGC Partners reported a 24% rise in brokerage revenues from foreign exchange to $44.4 million in the third quarter versus the same period last year, it announced last week.
RBC lures more StanChart e-FX staff
Royal Bank of Canada has hired David Wilkins as part of efforts to build out its electronic FX capabilities.
Fleschler resurfaces at Goldman Sachs
Robert Fleschler, formerly global head of electronic FX sales and distribution at Lehman Brothers, has joined Goldman Sachs as vice-president of e-FX sales for the Americas.
CFTC starts SEF regulation discussions
WASHINGTON, DC - The Commodity Futures Trading Commission’s (CFTC’s) Technical Advisory Committee began to lay the groundwork for rules that will eventually govern swap execution facilities (SEFs) last week (October 12) citing concerns over the new…
BNPP names first member of new flow sales team
LONDON - BNP Paribas has hired Nezha Niyassi as the first member of the newly created FX flow sales team, developed to boost electronic flow.
Bank of China targets high net worth with FinIQ
Bank of China International Holdings (BOCI) has licensed the FinIQ Structured Products System to support its new private wealth management business, officials said last week.
BarCap loses a further two to UBS
LONDON - UBS is continuing to lure FX staff away from Barclays Capital, with two additions from the UK bank in London.
DBS outlines ambitions amid competition for Asia business
SINGAPORE - Singapore’s DBS Bank is investing S$250 million into its treasury and markets (T&M) business as part of ambitions to become a leading Asian currency and fixed-income house.
StanChart takes Solace for FX data messaging
Standard Chartered has rolled out hardware-based messaging vendor Solace Systems’ 3260 message routers, to provide low-latency data distribution between the bank’s offices to support its new global FX trading platform.
CFH hires from CMC and Saxo
LONDON & COPENHAGEN – CFH Markets has made two key hires in London and Copenhagen, as it continues to expand its presence in the margin FX trading business.
Regulation, Fragmentation and Execution Where to Next for High Frequency FX Trading?
Regulation established in the wake of the financial crisis to promote market integration, together with new norms being considered for high-frequency trading in equity markets, may unnecessarily complicate the FX market, says Chip Lowry, chief operating…
Wertheimer takes top e-sales role at HSBC
HSBC has confirmed the appointment of Jeff Wertheimer as senior vice president and head of electronic sales for North America.
IG up despite Japan retail leverage cap
LONDON - IG Group reported a 16% rise in revenues for the third quarter, to £79 million, versus the same period last year, despite new caps on leverage for retail traders in Japan.
RBC deploys Progress Apama
LONDON – RBC Capital Markets has deployed Progress Apama's FX Aggregation system to support its FX dealing operations, the vendor announced last week (September 8).
In Brief, September 13, 2010
Read this week's In Brief to stock up on the latest technology news around the FX world.
Retail brokers evolve to meet regulation
NEW YORK - Retail brokers in the US continue to shape up internal business practices to abide by best practices introduced by industry regulator the National Futures Association (NFA).
Deutsche Bank enhances Autobahn FX for FXO
LONDON - Deutsche Bank has built out its trading capabilities for forex options on electronic trading platform Autobahn FX, as competition for electronic business moves to the options market.
Exchange volumes continue rise in August
CHICAGO – Volumes in foreign exchange products on the Chicago Mercantile Exchange were up 15% in August, with 11.7 million contracts traded a day on average, the exchange said last week.
Non-banks lead 20% rise in FX turnover
BASEL - The global financial crisis has led to a slowdown in the growth of the foreign exchange markets, with most activity shifting to the investor community from the trade-based flow.