Tech and data
The tip of the eFX iceberg
GREENWICH, CT – Electronic FX volumes could hit a new wave of growth if the banks behind spot broker EBS' buy-side initiative stay committed, according to research by Greenwich Associates.
Reuters strength driven by FX
LONDON – Reuters' half-yearly results were driven by strong foreign exchange and other trading.
Saxo extends currency offering
COPENHAGEN – Foreign exchange specialist Saxo Bank is set to introduce the new Turkish lira (TRY) onto its platform from next week, in an effort to meet increased demand for trading in the currency.
Asia takes electronic currency route
Electronic currency networks are coming to the fore in Asia as daily trading volumes reach an all-time high, according to Michael Weiner, co-founder and managing partner at CoesFx
Summit scores another in Taiwan
TAIPEI – Taiwanese Far Eastern International Bank (FEIB) has signed Summit Systems, Misys Banking Systems' treasury and capital markets solution, for its STP.
Hotspot FX expands coverage
NEW YORK – Electronic currency network Hotspot FX has added five new currency pairs to cater for a growing client base in the Asia-Pacific time zone.
More volatility for Slovakian unit
BRATISLAVA – The Slovakian koruna is likely to see continued volatility in coming weeks as international banks continue to move in and out of the market, according to traders.
FX Week's e-FX awards 2005
The following is an overview of our annual e-FX awards, as first published in our e-FX supplement.
FXDD launches 'PowerTrader'
NEW YORK – Online trading provider FXDirectDealer (FXDD) has launched an institutional forex trading platform.
eSpeed takes TradeSTP from Logiscope
LONDON – eSpeed is using Logicscope's TradeSTP deal notification software to ease post-transaction trade processing for a number of its FX clients, according to FX market sources. Logicscope officials declined to comment.
EBS joins algorithmic bandwagon
LONDON – FX trading platform EBS is to enable algorithmic trading over its platform as it enhances capabilities to expand the range of services available to the buy side.
Hedging North Asia FX risk
Michael Image, FX structurer in Hong Kong, and Callum Henderson, head of FX strategy in Singapore, at Standard Chartered Bank, look at appropriate hedging strategies such as structured forwards or daily accrual forwards for hedging North Asian currency…
Reuters consolidates Knowledge platform
New York – Reuters is introducing a new version of its Knowledge research and fundamental analysis product, which will replace the previous Reuters and Multex incarnations of Knowledge with a single platform.
London blasts hit e-trading
LONDON – Last Thursday’s terrorist attacks in London caused widespread disruption to electronic trading, with spreads widening considerably and at least one bank not delivering prices to a portal.
Netpicks Forex and CoesFx in partnership for FX trade
PLAINVIEW, NEW YORK – CoesFx, the New York-based FX electronic currency network (ECN) has formed a partnership with NetPicks Forex, the online day-trading service.
Algorithmic trading: the new FX frontier
NEW YORK – Algorithmic trading is set to become the new frontier of foreign exchange trading, according to market analysts.
Predicting the unexpected
Extreme value theory is an effective way of predicting the large moves frequently seen in currency markets, says Collin Crownover, global head, investor risk advisory group at Citigroup in New York
CFTC cracks down on scams
WASHINGTON, DC – US authorities have uncovered a forex scam worth more than $17 million involving nearly 1,000 customers.
CoesFx adds 10 new pairs
PLAINVIEW, NY – Electronic currency network, CoesFx, has added 10 new currency pairs, almost doubling the number of currencies available to its retail and institutional clients.