News/Technology
BCV signs up to 360T
LAUSANNE – Banque Cantonale Vaudoise (BCV) has signed as a liquidity provider to German multibank portal 360T.
Hong Kong set for retail yuan NDF contracts
HONG KONG – Authorities in the Special Administrative Region are to follow China's lead in making renminbi non-deliverable forwards (RMB NDFs) available for trading next month.
Logiscope speeds up messaging
LONDON – Logiscope, a provider of market data and post-transaction messaging to the financial community, launched the TradeSTP Vendor Partnership Program last month. The new initiative is set to expand and speed up the certification of Logiscope's deal…
Interactive to switch FX feed
BEDFORD, MASSACHUSETTS – Data vendor Interactive Data is to switch off an old forex data feed from its ComStock division and replace it with a new one from another part of ComStock, GTIS.
UBS to build post-trade hub
ZURICH – UBS is to set up a single portal to enable all post-trade processing across different asset classes to go through one centre.
Dow Jones adds to forex coverage
HONG KONG – Dow Jones Newswires has launched a website to complement its 'CommentaryPlus' real-time commentary and analysis service.
CST to complete takeover talks
LONDON – Collins Stewart Tullett (CST) plans to complete talks with potential buyers by the end of October, it announced last week.
SuperD expands into rates
LONDON – Online options trading platform SuperDerivatives has launched its own interest rate options platform, SD-IR, following on from its entry into the FX market with SD-FX in 2001.
FNX extends connectivity
PHILADELPHIA – FNX, the Philadelphia-based vendor, has extended connectivity to third-party systems BrokerTec, eSpeed and to the CME and CBOT exchanges.
Calypso signs Rabobank – and adds four staff
SAN FRANCISCO AND UTRECHT – Rabobank has gone live on vendor Calypso Technology, and is now using it for its forex processing, the vendor has announced.
GFI and Traiana offer processing boost for forex options trading
NEW YORK and LONDON – FX options trading is to get a boost, with broker GFI and technology vendor Traiana both launching automated processing services in the market.
UBS reaps distribution rewards
STAMFORD – UBS is seeing strong take-up for dual currency deposits (DCDs) by US retail clients after launching the product for the US market earlier this year.
SG expands electronic business
PARIS – Société Générale (SG) is to make further enhancements to its platform, SGFXtrade, as it looks to rapidly expand its geographical range between now and early next year.
GFI and Traiana offer processing boost for forex options trading
NEW YORK and LONDON – FX options trading is to get a boost, with broker GFI and technology vendor Traiana both launching automated processing services in the market.
RBS hits top spot in Risk poll
LONDON – Derivatives market giants Deutsche Bank, JP Morgan, UBS and Credit Suisse First Boston (CSFB) are facing a threat from a wider number of banks trying to capture interbank business.
CST merger leads to derivatives domination
LONDON – The £132 million Collins Stewart Tullett (CST) acquisition of Prebon Yamane last October has propelled the combined group to domination of the broker categories for interest rate and currency derivatives in sister pulication Risk 's 2005 inter…
Platforms adopt algorithmic trading
NEW YORK – Algorithmic trading continues to gather momentum, with trading platforms EBS and Hotspot FXi linking to software provider Progress Software Corporation's Apama Algorithmic trading software.
Platforms adopt algorithmic trading
NEW YORK – Algorithmic trading continues to gather momentum, with trading platforms EBS and Hotspot FXi linking to software provider Progress Software Corporation's Apama Algorithmic trading software.