Tech and data
A towering rate of return
Sara Sullivan, head of currency solutions at ANZ Investment Bank in London, presents a way of enhancing returns on deposits by taking a view on exchange rates
Icap goes with Kalahari
SYDNEY – Interdealer broker Icap has gone live with UK-based vendor Kalahari's Australian dollar interest-rate derivatives pricing tool.
Deutsche Bank FX desk signs up to Iokio data navigation service
LONDON – Deutsche Bank's FX sales desk has signed up to a new data navigation service from Iokio.
Gaitame chooses Internap
TOKYO – Gaitame, an FX broker in Japan, has picked internet services firm Internap Network Services to speed up connectivity for its clients.
FX next big thing for algorithmic trading
LONDON – FX is set to be the most actively traded asset class using algorithms, according to an audience at an event on the subject held last week.
A strategy for yen appreciation
With faster economic growth, yen appreciation will happen. It is just a matter of timing, says Trevor Williams, chief economist at Lloyds TSB Financial Markets in London
EBS hits the pause button
LONDON – EBS has stopped new customers going live on its platforms until early December as it faces a surge in demand for its services.
EBS hits the pause button
LONDON – EBS has stopped new customers going live on its platforms until early December as it faces a surge in demand for its services.
RTFX signs BarCap and Deutsche Bank
HONG KONG – Reuters has signed up Barclays Capital and Deutsche Bank as liquidity providers on its Reuters Trading for Foreign Exchange (RTFX) platform, it announced at the Asian launch of the service last week.
Currenex and Traiana build API
NEW YORK & CHICAGO – Online trading platform Currenex and technology vendor Traiana have established an application programming interface (API) between their platforms to automate and streamline order processing for prime brokers trading forex over…
The benefits of petro-dollar diversification
The latest data suggests that Opec members have not been recycling oil revenues into US assets. This implies that diversification is likely to start soon, putting the dollar under significant pressure, however the timing is still uncertain, says Ian…
Reuters revenues up third successive quarter
LONDON – Global news and information provider Reuters has reported third-quarter revenues of £611 million, up 8% on the £566 million for the same period last year.
Reuters opens post-trade service
LONDON – Reuters this week moves into the post-trade market with the launch of Reuters Trade Notification System (RTNS).
Hotspot FXi signs major asset manager
TACOMA, WASHINGTON – Asset manager Russell Investment Group is to use FX market-place Hotspot FXi to reduce trading costs, offer clients trading anonymity and provide access to additional liquidity.
Strong Q2 for US FX
BOSTON & NEW YORK – Indications that the forex industry continues to boom emerged last week as two US banks posted strong FX results for Q3.
Barx adds cross-currency swaps
LONDON – Barclays Capital (BarCap) has added cross-currency basis swaps to its Barx via Bloomberg service, it has announced.
CoesFX cuts out middle man
PLAINVIEW, NEW YORK – Electronic currency network (ECN) COESfx has removed its trading desk to give users direct access to prices on the platform.
Students tested on GFT FX platform
ADA, MICHIGAN – Some 160 undergraduate finance students are putting their financial knowledge to the test by using Global Forex Trading’s (GFT) DealBook FX 2 as their web-trading platform.
Barclays goes live with Barx.com
LONDON – Barclays Capital has gone live with Barx.com to complement its Barx e-commerce platform.
TradeFX lands sell-side backers
NEW YORK – TradingScreen is launching a hosted FX transaction connectivity service, which has already got the support of several sell-side firms, according to the vendor.
JP Morgan signs Rabo
LONDON AND NEW YORK – Rabobank has selected JP Morgan as its global clearing services provider for US dollar cash and securities transactions, as it looks to expand its US dollar business.