Tech and data
May - Banks’ operational risk lapse exposed
A special investigation by FX Week in May revealed a lapse in operational risk management at banks that do not separate risk management budgets from business lines.
Top banks sign up for GFI’s options revaluation fixings
NEW YORK -- JP Morgan Chase, Bank of America, Deutsche Bank and Bank of Montreal are all using inter-dealer broker and market data vendor GFI’s FX option revaluation fixings, GFI said last week.
Commodities boost volumes on BarCap’s forex platform
LONDON -- Barclays Capital has enjoyed increased foreign exchange volumes on its white-labelled e-trading platform as a result of adding commodities earlier this year, a senior official told FX Week .
SG takes Traiana to boost sales
NEW YORK -- SG Corporate & Investment Banking has taken Californian vendor Traiana’s Trading Relationship Management (TRM) and Harmony software as part of its efforts to boost its global institutional FX sales business.
Euro/Swiss franc risk reversals
Simple risk reversals are the best way for Swiss investors to manage low domestic interest rates and a softening Swiss franc versus the euro, says David Durrant, chief currency strategist and senior economist for the Americas at Julius Baer Asset…
Deutsche Bank’s options clients go live on autobahnFX
LONDON -- Deutsche Bank clients went live on the FX options module of its autobahnFX trading platform on December 1, an official told FX Week .
Hotspot FXi adds user features
NEW JERSEY -- Hotspot FXi will go live with several new connectivity, trade management, and interface enhancements on its online institutional FX trading platform this month.
Reuters’ Chinese data deal
SHANGHAI -- Reuters has signed an agreement with the China Foreign Exchange Trade System (CFETS) to deliver enhanced financial market information to CFETS’s customers. CFETS, a subsidiary of the People’s Bank of China, offers yuan foreign exchange…
Hotspot live on Bloomberg
NEW JERSEY -- Hotspot FXi, the New Jersey-based online institutional FX trading platform, goes live today with streaming spot prices on Bloomberg terminals.
Market eyes fresh dollar falls
LONDON -- Forex market analysts and traders are predicting fresh falls for the dollar in the coming months after euro/dollar hit successive record highs last week.
FXall breaks volume record
NEW YORK -- Growing institutional use of FXall helped the multi-bank portal set a new volume record in November, it announced last week.
Caterpillar takes SuperDerivatives
PEORIA, IL -- US construction and mining equipment manufacturer Caterpillar is the latest corporate to implement SuperDerivatives’ options pricing system, the vendor will announce today (December 1).
‘No euro target’ for ECB
LONDON -- The European Central Bank has no target level for the exchange rate of the euro, director of monetary policy, Hans-Joachim Klöckers, reiterated at FX Week ’s second annual congress last week.
CME cuts European fees
CHICAGO -- The Chicago Mercantile Exchange (CME) has slashed transaction fees for all products traded electronically on Globex in Europe, bringing its costs in line with rivals the Chicago Board of Trade and Eurex. However, the cut of 73% to 44 cents,…
Reuters adds SuperDerivatives to 3000
LONDON -- Reuters last week added SuperDerivatives’ currency options pricing system to its 3000 Xtra platform as part of its efforts to boost its position in the treasury markets.