Tech and data
GFI targets generalist salespeople with latest Fenics release
Version 12.2 of Fenics Professional, launched earlier this week, aims to make the system more accessible to non-specialist salespeople
TradingScreen rolls out real-time TCA for FX
New functionality includes a heat map to enable buy-side traders to benchmark their execution in real time
Taiwan’s trade repository setting up reporting agreement with DTCC
Taiwan's new trade repository for over-the-counter derivatives is looking to ink a reporting agreement with DTCC
FX repository moves to production ahead of October launch
The DTCC began user testing of its new trade repository on May 1, and plans to have full regulatory and public reporting up and running by the fourth quarter to meet CFTC deadlines
ITG rolls out forex TCA
New York-based technology provider ITG launched its new transaction cost analysis tool for FX earlier this week
Algo execution sales head departs Credit Suisse
Jonathan Wykes, formerly global head of FX sales for Credit Suisse’s algorithmic execution business, has left the bank
Middleware providers square up to challenges of NDF clearing
Traiana and MarkitServ are vying for market share in the connectivity business, which is becoming more crucial as participants seek to connect to FX CCPs
ITG eyes April launch for new FX TCA tool
Second iteration of the technology provider's transaction cost analysis tool for forex will launch in April, two years after the first version
Saxo continues global expansion with SA office
Saxo is now targeting growth in the Middle East and South America, following its Johannesburg launch this week
Digital Vega debuts Traiana’s updated credit and risk service
Post-trade technology provider Traiana has this week launched a new version of Harmony CreditLink to support FX derivatives, with Digital Vega's Medusa the first platform to roll it out
Repositories must capture network analysis, says financial stability expert
Financial network analysis can be used to help regulators digest and understand the ‘data tsunami’ in the foreign exchange market, according to Kimmo Soramäki
Algos must be prepared for risk events, experts warn
Safeguards are needed for algorithmic execution tools to navigate risk events such as platform outages
Barx architects unveil MahiFX retail platform
David and Susan Cooney, who both worked on Barclays Capital’s flagship e-commerce platform in its early days, expect MahiFX to be available for trading later this month
Acquisition of Thomson Reuters risk business closes
Kondor+ product suite will now be known as Turaz, and will be 100% owned by Vista Equity Partners, with Bret Bolin as president and chief executive
Identifiers will place significant technology demands on industry, say dealers
Progress to create a new set of industry standard codes to identify institutions, products and transactions is moving forward as regulatory reporting deadlines loom, but it remains one of the biggest market structure challenges of 2012 for FX banks,…
WEBINAR: Cloud computing a 'transformational technology'
New technology allows barriers to be broken down and new communities to be created, says Integral's Harpal Sandhu
FX Week Europe: Algos prove their worth in volatile markets, say banks
By locating the best sources of liquidity and benchmarking execution to the rest of the market, algorithmic strategies add value in difficult markets, according to pioneers at Credit Suisse and Citi
Finch returns to DealHub to head new Singapore office
DealHub will open Singapore office in early 2012, under the leadership of former sales and marketing head Tim Finch
FX Week Europe: TCA key to effective algo execution, says Shell
Paul Downie, Shell's head of liquidity and FX, explains how thorough analysis of all available execution data has been key to the firm's trialling of FX algo tools over the past year
RMB diversification is ‘strategic’ says Nigeria’s central bank governor
Lamido Sanusi explains why he made the decision to convert 10% of the country’s reserves into renminbi
Gold-i partners with Vision Solutions for disaster recovery
Systems integration vendor has started to resell Vision Solutions' disaster recovery technology, Double-Take Software
Dow Jones pitches news-based algo trading to FX traders
News providers including Dow Jones and Thomson Reuters report widespread interest in news feeds that scan keywords in news stories to forge trading strategies, but some remain sceptical about whether they can genuinely add value for traders. Farah…
Saxo to reveal open FX positions on tradingfloor.com
Saxo Bank's trading commentary and analysis website, TradingFloor.com, this week unveils a new module to provide information on FX open positions
FX Week Asia: World economy 'needs alternative reserve currency'
Chinese renminbi looks poised for reserve status, but still no consensus on when it will happen due to forces beyond "anyone's control", senior academic tells FX Week Asia conference in Singapore