Tech and data
Misys signs three top Asian institutions
ASIA-PACIFIC – Misys has expanded its presence in Asia with the signing of three of the continent's largest and most influential institutions. The technology vendor has signed agreements with Chinese banking giant ICBC, the Manila-based Asian Development…
ODL moves into spread betting
LONDON – Broker ODL is to establish an FX spread-betting operation to target UK consumers early next year, the company said.
Custom House opens new Asia-Pacific headquarters
AUCKLAND – Foreign exchange specialist Custom House has opened a new office in New Zealand and made it the regional head office for Asia Pacific.
Fix Protocol upgrades its forex messaging system
NEW YORK – Forex messaging is to be enhanced, with the latest version of Fix Protocol set for launch in November.
Slovakian bank adopts TremaSuite software
BRATISLAVA – The National Bank of Slovakia (NBS) has adopted Wall Street Systems' TremaSuite treasury and asset management software to manage its front, middle and back office banking functions.
Aegis seeks to introduce forex industry standard
NEW YORK – Aegis Software has developed a framework that it is seeking to introduce as an industry standard in tracking workflow for FX and futures trading.
Banks are ignoring Mifid threat, says Celent
BRUSSELS – The forex industry will be beset by law suits and regulatory action if it continues to ignore the Mifid directive coming into force next year, according to a research consultancy.
LatentZero enables hedge funds to use Capstone software
LONDON – Technology vendor LatentZero last week added functionality to enable hedge funds to use its Capstone portfolio analysis software.
Grupo Santander goes live with SuperDerivatives platform
MADRID – Grupo Santander has licensed SuperDerivatives' commodities and energy real-time pricing and analytics platform SD-CM, as it expands its European and Latin American energy and metals derivatives business.
Big banks prepare for retail FX push
SINGAPORE – Major banks are about to enter the online retail FX trading market-place "with a vengeance", said Brian Maccaba, chairman of FX dealing platform vendor Cognotec.
Flextrade to launch block trading platform
NEW YORK – Trading technology vendor Flextrade plans to launch the first block FX trading platform for the sell-side and buy-side next month, FX Week has learned.
Managing exposure to forex volatility
Manuel Deijk in the structured FX team at UBS looks at a selection of quantitative methods applied in the implementation of FX risk management policies
Vwd expands Tullett package
FRANKFURT – German data vendor vwd has expanded its Data Manager Treasury end-of-day FX and money markets data package with extra information from Tullett Prebon Information, the data arm of broker Collins Stewart Tullett.
Payments industry gathers in Sydney
SYDNEY – Denmark's Sydbank has added an FX order management system from technology vendor Cognotec, as part of an upgrade to its electronic trading platform.
Flextrade to launch block trading platform
NEW YORK – Trading technology vendor Flextrade plans to launch the first block FX trading platform for the sell-side and buy-side next month, FX Week has learned.
Credit Suisse starts algorithmic trading
LONDON – Credit Suisse is developing multi-asset algorithms to complement its Advanced Execution Services (AES) suite of algorithmic trading capabilities, according to an official at the bank.
BarCap joins algo bandwagon
LONDON – Barclays Capital (BarCap) has joined a select group of banks that has started offering algorithmic trading for forex over their single-bank platforms.
Fundtech adds new modules
JERSEY CITY, NJ – Software vendor Fundtech introduced additional modules for its CLS settlement system, PAYplus for CLS, last week.
Currenex ties up with TwoFour
Software vendor TwoFour Systems has linked up with multi-bank portal Currenex to enable clients to consolidate positions across all transactions.
SwapsWire for Nordea
Swedish bank Nordea has started using electronic confirmation system SwapsWire to confirm its OTC interest rate derivatives trades.
Hat-trick for Patsystems in Singapore
Three institutions in Singapore have bought trading technology from software vendor Patsystems.
Bank of America adds to ETS
Bank of America is enhancing its suite of e-trading capabilities to include live options execution, improved pricing and risk management among other new features.