Tech and data

Caplin Systems a star onboarder

LONDON - Caplin Systems, a London-based web technology vendor, has signed two major European banks to its multi-asset trading platform, Caplin Trader.

Japan traders dump short yen positions

TOKYO - Japanese retail foreign exchange margin traders abandoned $16 billion worth of short yen positions within days last week, in a scramble to limit losses from unwinding carry trades.

Strike while the iron is hot

Pete Luxton, economic adviser, and Shant Movsesian, manager, foreign exchange options, at Informa Global Markets in London suggest a basket strategy to play euro weakness

JDFX gets smart with Kontrol

ZURICH - Foreign exchange trading company JDFX has capitalised on an increasing focus on risk management within financial markets by launching Kontrol, a system built to eliminate inefficiencies and dangers caused by calculating risk several times a day…

Króna in chaos during Iceland's meltdown

REYKJAVIK - Confusion reigned in Icelandic króna trading last week, as the country's central bank, Sedlabanki, abandoned its peg to a basket of nine currencies a day after it was effected.

RealStream Margin revamped

LONDON - Cognotec is set to roll out the latest version of its web-based margin trading system, RealStream Margin 3.0, in response to market demand for efficiency and enhanced risk management products.

FXMarketSpace abandoned

CHICAGO & LONDON - The Chicago Mercantile Exchange and Thomson Reuters have confirmed their joint venture platform FXMarketSpace will be shut down, ending speculation over the system's future.

CME outsources E-quotes data app to CVS

CHICAGO - CME Group has rolled out a new version of its web-based E-quotes data display application and wireless add-on - built and hosted by technology partner Computer Voice Systems (CVS) -which incorporates data from acquisitions the Chicago Board of…

Cutting costs

Pat Lefler, director, product marketing, at Wall Street Systems in New York, looks at ways smaller banks could reduce their trade-processing costs and remain competitive

OMS vendors tackle multi-asset risk

LONDON - Order management system (OMS) vendors are enhancing their multi-asset pre-trade analytics to address the growing trend among financial institutions of broadening the asset classes and geographies in which they trade.

US meltdown spurs central clearer debate

LONDON & NEW YORK - The fallout from the collapse of Lehman Brothers and implosion of insurance company AIG has spurred renewed debate over the central-counterparty model for spot foreign exchange, as concerns over counterparty risk take centre stage.

IG buys 87.5% of FXOnline Japan

TOKYO - IG Group, a London-based spread-betting company is acquiring an 87.5% stake worth about $207 million in Tokyo-based margin foreign exchange trading company FXOnline Japan.

EPFR tests EM forex flows

BOSTON - Fund flows data vendor EPFR Global is testing a new dataset that shows money flows into and out of emerging market (EM) and global currencies.

Strong Q3 for Goldman and Morgan Stanley

LONDON - Goldman Sachs and Morgan Stanley revealed strong third-quarter performances for their currencies operations, despite analysts casting doubt over the future of both businesses as standalone investment banks.

OCBC cashes in on Asian DCR growth

SINGAPORE - OCBC Bank expects to see 20% growth in its dual currency returns (DCR) business in Singapore next year, following implementation of a structured deposit pricing and processing system from FinIQ, said bank officials.

Lehman's fall leads to liquidity drought

GLOBAL - Heightened concerns over counterparty credit risk caused a dry-up of liquidity in the currency markets last week, as dealers feared a domino effect from the collapse of Lehman Brothers on Sunday, September 14.

Fenics Enterprise takes off

NEW YORK & LONDON - GFI is today (September 22) announcing the launch of Fenics Enterprise through Fenics FX 11.1, the latest version of its pricing and risk management software.

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