Tech and data
Kx Systems targets FX participants with database technology
Client talks of the importance of thorough data cleansing and analysis in an environment of increasing FX volumes and tougher regulation
SmartLive Markets introduces new price feed index
Application developed through partnership between technology vendors Swissrisk Financial Systems and Gold-i
European corporates wary of RMB settlement
UK government pushing for London to become a centre of offshore renminbi trading, say conference speakers
Integral’s FX Cloud pitches trade repository status
New cloud-based forex platform to be launched as a trade repository to meet Dodd-Frank requirements
Ogg’s new venture to tap 'huge' demand for best execution in FX
Industry veteran targets lack of technology to allow institutions to be sure of achieving best execution in foreign exchange
Cloud Trading Technologies adopts Microsoft cloud for FX product set
Cloud FX will leverage Microsoft's Azure cloud technology to deliver FX trading applications in a virtual format
Thomson Reuters rolls out Dealing Aggregator
FX aggregation service aimed at customers trading on the Thomson Reuters Dealing platform
FX technology spend will double by 2013, says Celent
Research estimates total spend across both the buy and sell sides will rise from $1.23 billion in 2010 to $1.83 billion in 2013
Barclays Capital signs up to CLS Aggregation
UK bank becomes the ninth CLS Aggregation participant since the platform launched in January 2010
Ion Trading to acquire Wall Street Systems
Deal expected to close within months and makes a natural combination of specialities, according to industry observers
Reserve managers diversify away from traditional currencies, report finds
Non-traditional currencies play an increasingly important role in central bank holdings as a result of eurozone sovereign debt concerns and ongoing economic weakness in developed markets, according to Central Banking Publications report
WallStreetdocs pitches document search engine to banks
Document automation specialist to launch new offering next month
FXall to roll out buy-side benchmarking tool
Move follows a similar product launched in partnership with ITG in May 2010 that has seen limited adoption among buy-side firms
Wall Street Systems up for sale
Technology vendor Wall Street Systems is up for sale after US private equity firm Warburg Pincus, which acquired the vendor in 2006, undertook a tender process in late 2010 to gauge market interest in its holding. Wall Street Systems declined to comment.
In Brief, March 7, 2011
Read this week's In Brief to stock up on the latest technology news around the FX world.
Algo trading could benefit from Sef rules, say participants
Algorithmic trading has gained traction in the FX markets in recent years and some providers say their platforms might comply with the criteria for swap execution facilities in the US. Could they face a growth opportunity when the regulations come into…
Malfunctioning algos could cause another flash crash, academic warns
Robotic foreign exchange trading systems could malfunction and lead to a repeat of the May 6 flash crash in the US, according to David Cliff, professor of computer science at the University of Bristol.
In Brief, February 21, 2011
Read this week's In Brief to stock up on the latest technology news around the FX world.
SuperDerivatives moves to improve options pricing transparency
Client push for more transparency in pricing methodology drives vendor to add new models and publish secret source code.
Global FX Division establishes FXPB
The Global FX Division (GFXD) of AFME/SIFMA/ASIFMA announced the formation of a working group to focus specifically on the challenges and issues surrounding global FX prime brokerage (FXPB) and to implement over-the-counter FX clearing for clients.