Tech and data
Tech briefs - Multi-bank portals fight for viability
Multi-bank FX portals’ fight for viability is about to be won -- or lost -- said London-based research firm ClientKnowledge, after publishing its estimates of the portals’ trading volumes last week.
Reuters reasserts forex dominance
UK trading technology and information firm Reuters may be having a difficult year, but its forex business is booming, according to FX Week ’s 2002 survey.
Top five dealers close ranks
Shrinking market rewards top players in biggest ever forex survey
Congress bites
CME launches online futures tool
BBH upgrades web platform for investors
NEW YORK -- US custodian Brown Brothers Harriman (BBH) went live with the upgrade of its web-based currency trading service FX WorldView last week, Brenda Kerins, head of FX e-commerce at BBH in New York told FX Week .
Tech briefs
WSS launches upgrades
Reuters adds Singapore dollar trading to D-3000
SINGAPORE -- Information and technology firm Reuters last week launched Singapore dollar forwards trading on its Dealing 3000 platform.
Reuters adds Singapore dollar trading to D-3000
SINGAPORE -- Information and technology firm Reuters last week launched Singapore dollar forwards trading on its Dealing 3000 platform.
Rate cut turns market anti-dollar
NEW YORK -- The US dollar hit three-month lows against several major currencies last week, triggering a welcome return of volatility to the markets after months of range trading.
Yen shrugs off loans plan
TOKYO -- There was muted reaction in the FX markets last week to the Japanese authorities' plans to tackle bankss bad loans and revive the region's faltering financial system, analysts told FX Week .
AutoDeal+ sees light
LONDON -- FX trading technology vendor Cognotec will today (November 4) launch AutoDeal+, its new foreign exchange trading platform.
FXall expands STP influence
LONDON -- Multi-bank FX trading portal FXall last week announced complete straight-through processing (STP) for clients of treasury management system vendors XRT, Selkirk and SimCorp.
Tech briefs
SuperDerivatives snares Mizuho FX options pricing vendor SuperDerivatives has added Mizuho Corporate Bank to its client list.
Swissie stays stable
Risk aversion has aided Swiss franc progress, says David Durrant, chief currency strategist at Julius Baer Asset Management in New York
Expansion in forwards trading and teams
LONDON -- The FX forwards market is seeing an influx of new dealers and trading systems as players battle for market share in the lucrative sector.
Banks buy not build for FX
LONDON -- Banks are increasingly outsourcing FX technology, moving away from proprietary systems, bank officials and FX vendors told FX Week .
Exchange model for e-FX unlikely
DAVOS -- The foreign exchange market is unlikely to move to a formal exchange model, whereby customers can deal directly with each other, said speakers at a seminar organised by ACI -- The Financial Markets Association.
Exchange model for e-FX unlikely
DAVOS -- The foreign exchange market is unlikely to move to a formal exchange model, whereby customers can deal directly with each other, said speakers at a seminar organised by ACI -- The Financial Markets Association.
Abbey National adds to Arcontech data
LONDON -- Abbey National Treasury Services (Ants) is contributing its interest rates to market data vendors using Arcontech's CityVision Multiple Vendor Contribution System (MVCS), the UK-based technology vendor will announce this week.
Sungard coup for FXConnect
LONDON -- State Street Corporation is to announce this week it has secured a coveted deal with UK treasury software firm Sungard.
Market mulls options benchmark
LONDON -- Standard FX options benchmark prices could be the answer to inaccuracies in marking exposures to market, but whether the move is possible is a matter for debate, according to senior options market participants.
Asian forex players muster in Malaysia
KUALA LUMPUR -- Forex market players in Asia will gather in Kuala Lumpur this week for ACI -- The Financial Markets Association's 22nd Asia Pacific Congress.
Tech briefs
SG launches e-MM
Funds step up online FX trading
NEW YORK -- Fund managers are trading more foreign exchange online, according to numbers released by multi-bank portal FXall last week. The client sector now accounts for one quarter of trades by volume on FXall, up from 7% at its launch in May 2001.