Articles by FX Markets Staff
eSpeed takes TradeSTP from Logiscope
LONDON – eSpeed is using Logicscope's TradeSTP deal notification software to ease post-transaction trade processing for a number of its FX clients, according to FX market sources. Logicscope officials declined to comment.
FNX boosts global sales force
PHILADELPHIA, NEW YORK AND LONDON – FNX Limited (FNX), the US technology vendor, has expanded its sales team, making key appointments in business development globally.
FXDD launches 'PowerTrader'
NEW YORK – Online trading provider FXDirectDealer (FXDD) has launched an institutional forex trading platform.
Swissie likely to return to strength
Uninspiring Swiss fundamentals, a recovery in risk appetite, positive surprises in prominent global data indicators and potential political risks in Switzerland have all hurt the Swiss franc. However, EUR/CHF is on its way up, says, Benedikt Germanier,…
JP Morgan signs fund customer to Reuters
NEW YORK – JP Morgan became the first bank last week to go live with fund customers for Reuters' buy-side initiative Reuters Trading for Foreign Exchange (RTFX).
Stiff competition for multi-bank portals
NEW YORK – Multi-bank portals will find it hard to compete in a market where there is increasing competition for buy-side clients.
Hedge fund jump for DrKW capital markets head
LONDON – Achilles Macris, former global head of capital markets at German investment bank Dresdner Kleinwort Wasserstein (DrKW), has joined hedge fund manager Cardinal Asset Management as a partner.
eSpeed upgrades spark changes
LONDON – FX platform vendor eSpeed is undergoing a number of changes to its staff in the coming weeks, as it seeks to improve its position in the market.
More terror likely to hit markets
The terrorist attacks that hit London are not the last we will see, and invetsors should react accordingly, says Andrew Busch, global market strategist at Bank of Montreal in Chicago
Q&A Christiane Mandell
Keynote speaker at this week’s FX Week USA conference, the widely respected Christiane Mandell is a leading light in the FX business. As global head of FX for Bank of America, she has increased the bank’s profile by aggressively hiring the brightest…
FX Week USA Congress, NY
NEW YORK – Following the success of last year’s inaugural USA congress, FX Week will be hosting its second annual meeting of industry players in New York this Thursday.
Algorithmic trading: the new FX frontier
NEW YORK – Algorithmic trading is set to become the new frontier of foreign exchange trading, according to market analysts.
Netpicks Forex and CoesFx in partnership for FX trade
PLAINVIEW, NEW YORK – CoesFx, the New York-based FX electronic currency network (ECN) has formed a partnership with NetPicks Forex, the online day-trading service.
Hedge fund interest in forex continues
London – High profile banks and investment houses are launching currency fund of hedge funds (FOHFs), showing the continuing interest as FX as an asset class.
CLS Bank settles new record in daily volume
LONDON AND NEW YORK – CLS Bank International (CLS Bank), the global settlement firm, set a new record for the volume of payment instructions settled in one day.
London bomb blasts test contingencyplans
LONDON – Last Thursday’s terrorist attacks on London put the FX market’s contingency plans to the test, as explosions ripped through the heart of the global forex capital.
London blasts hit e-trading
LONDON – Last Thursday’s terrorist attacks in London caused widespread disruption to electronic trading, with spreads widening considerably and at least one bank not delivering prices to a portal.
Nihon Unicom joins EBS Prime
Tokyo – Prime brokerage platform EBS has increased its exposure in Japan by signing up a Japanese futures commission merchant (FCM) as an EBS Prime customer.
Reuters consolidates Knowledge platform
New York – Reuters is introducing a new version of its Knowledge research and fundamental analysis product, which will replace the previous Reuters and Multex incarnations of Knowledge with a single platform.
Standard Chartered adds three to FX options desk
SINGAPORE & MUMBAI – Standard Chartered bank has boosted its forex options team in East Asia with three new hires.
New name and chief executive for Tullet
NEW YORK – Tullett Financial has changed its name following the merger with Prebon, and named G Andrea Danese as chief executive. The company will now be known as Tullett Prebon Information.