Articles by FX Markets Staff
Gain expands US retail FX presence
BEDMINSTER, NEW JERSEY – Gain Capital, the non-bank provider of forex trading and asset management services, has opened an office in New York City.
Insch goes the extra mile with systematic launch
TRÜBBACH – Swiss hedge fund Insch Capital Management is to launch its proprietary in-house systematic trend-following currency program, Kintillo, in March.
Banks should have the courage of their convictions
The speculation swirling around the future of two of the most important forex institutions is providing the industry with something to discuss, and for us journalists something interesting to write about.
Not too late to sell the Swedish krona
As the short-term interest rate spread between the eurozone and Sweden increases, we are likely to see further depreciation of the krona, writes Henrik Degrér , senior portfolio strategist of Skandinaviska Enskilda Banken (SEB)
HSBC becomes CME Russian ruble market-maker
CHICAGO – Chicago Mercantile Exchange (CME), the regulated FX marketplace, has added a second market-maker for Russian ruble futures, with HSBC signing up to provide liquidity. Deutsche Bank is also a market-maker for this contract.
DJ Newswire and FXdirekt launch German language news service
LONDON & FRANKFURT – Dow Jones Newswire has teamed up with German online trading platform FXdirekt Bank, to establish a German language real-time FX news service.
Demand for ETFs at an all-time high
BASEL – Demand for exchange-traded futures and options contracts reached an all-time high last year, with annual turnover up 22% on 2004, according to the latest quarterly data released by the Bank for International Settlements (BIS).
Logicscope ties up with TwoFour Systems
NEW YORK – Vendor TwoFour Systems has become the latest participant in the Logicscope Vendor Partner Program.
EBS pushes into emerging markets
BEIJING – Global trading platform and data provider EBS is making inroads into the emerging markets arena with the roll-out of its data service in China and the introduction of its prime brokerage platform in eastern Europe.
Reuters adds trading service for exchanges
LONDON – Reuters last week entered the exchange-traded space with an offering that enables the buy side to execute trades on exchange products with brokers from a single screen.
Marex continues expansion
NEW YORK & LONDON – Independent brokerage firm Marex Financial has signed its third deal with an FX platform in recent weeks.
Commit to algos, banks warned
LONDON – Banks must commit now or be prepared for a life outside the fast-moving algorithmic space, warned Jeremy Smart, executive director at Morgan Stanley.
Carry trades set to lose their sparkle
LONDON - Conditions for carry trades are likely to deteriorate further this year, according to French bank BNP Paribas.
Turkey and the butterfly
Marios Maratheftis , FX strategist at Standard Chartered Bank in London, says it is one thing being positive on the TRY and another being complacent. Here he presents three models that can help with the timing of TRY trades.
Marex enters metals
NEW YORK - Independent brokerage firm Marex Financial has teamed up with vendor Patsystems to give clients access to LME Select.
SunGard expands Asia-Pacific operations
TOKYO - Software vendor SunGard is expanding its operations in the Asia- Pacific region in 2006. It will provide solutions for trading, treasury and risk management, benefit administration and insurance. Other services include institutional asset…
BarCap highlights FX benefits
LONDON - Portfolio diversification and alpha generation are the two key reasons why non-FX investors should access the asset class, according to a report released by Barclays Capital last week.
Two arrive, one leaves at ABN
GLOBAL - ABN Amro has made more changes globally in FX, with two key hires and a departure.
FXall ownership speculation mounts
NEW YORK - The future ownership structure of FXall looks set to be decided within the next few weeks, as private equity firms submit their bids to adviser Goldman Sachs.
BarCap loses in London
LONDON - Barclays Capital (BarCap) has seen two departures from its London FX desk in the past two weeks.
LavaFX builds up sales in New York
NEW YORK - LavaFX is building up its sales team in New York with the hire of Curtis Perkins as a senior salesperson.
Algorithmic trading in forex limited by fragmentation
NEW YORK - The growth of algorithmic trading in the FX space has been limited by the fragmented dealer market, according to research by Tabb Group released last week.