Icap
Integral strengthens sales team new MD
NEW YORK - Bruce Wolf has joined technology vendor Integral as managing director of FX sales in the US.
Forex booms across major platforms
Electronic brokers reported record-breaking trading volumes in October, reflecting a continued upward trend in FX and an interest in commodity currencies.
FXall and EBS roll out fractional pricing
Fractional pricing is being rolled out at FXall across 72 currency pairs, including EUR/USD, on November 1 as EBS continues its phased rollout.
Conference speaker laments renminbi demand outstripping supply
Demand for the renminbi is outstripping supply since the unit began trading globally earlier this month, according to a trader speaking at conference held under Chatham House rules in London on October 21.
Spot FX faces clearing threat
Spot foreign exchange faces unnecessary clearing to avoid discrepancies on banks’ books, according to speakers at Global Insight Forum: The impact of regulation on the global OTC market, held in London on October 19.
Trading Places, October 18, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
Icap attracts 15 counterparties to yuan trading
HONG KONG - Fifteen banks have signed up to trade USD/CNY on electronic broking system EBS Spot within the first week of launch, as the broker prepares to extend yuan trading against the euro, yen, Hong Kong dollar and Swiss franc in coming weeks.
EBS Spot debuts fixing orders
LONDON - EBS will add fixing orders to the drop-down menu in its quote panel for banks only at the end of August, Rob Parr, senior sales manager for Europe, the Middle East and Africa and North America at Icap has told FX Week.
Exchange trading sees sharp rise in July
CHICAGO & LONDON - Exchange trading experienced a sharp year-on-year rise in July, overshadowing a marginal increase on traditional spot systems.
EBS chases competition with decimalisation launch
NEW YORK - EBS's plans to offer decimalisation at the end of August could lead to a fall in market liquidity, caution traders.
Trading Places, July 26, 2010
Read this week's Trading Places to catch up on people moves across the FX world.
Hotspot continues volume growth
JERSEY CITY – Hotspot FX reported a record month in May, with average daily volumes reaching $48.7 billion – double count [??] – up from $19.4 billion in May last year.
Crisis a boon to spot brokers, volumes up 60%
LONDON - Electronic spot-broking systems EBS Spot and Thomson Reuters saw a 60-65% surge in average daily volumes in May, reflecting a return to traditional liquidity sources during times of crisis.
Fixnetix Launches FX Trading and Data Services
LONDON - UK-based low-latency data and trading technology vendor Fixnetix has launched packaged services for firms trading foreign exchange, targeted both at pure FX traders and market makers, as well as high-frequency trading firms trading FX as part of…
High-frequency trading will be 40% of market by 2012
BOSTON - High-frequency traders could win from the introduction of central clearing in over-the-counter markets, according to research by Boston-based consultancy Aite Group released last week (April 26).
Euro crisis sparks record e-trading
LONDON & CHICAGO - Heightened concerns over the contagion risks of the Greek fiscal crisis to periphery economies last week led to record trading days on electronic trading systems.
TXC live with Tokyo co-location facility
TOKYO – Trading Cross Connect (TXC) went live with its Tokyo co-location facility on April 15, using a network and data centre solution from Tokyo-headquartered KVH.
Icap extends market data deal with Quick in Japan
Japanese market data vendor Quick has extended its partnership with interdealer broker Icap to include redistribution rights for the Icap Fix data service, which was launched at the end of last year to meet demand driven by growing regulatory and risk…
Forex volumes surge in Q1
Both CME Group and Icap's EBS saw foreign exchange volumes reach pre-crisis levels during the first three months of the year
Morgan Stanley: Prioritising FXPB
Competition in the foreign exchange prime brokerage market remains competitive, as new businesses fill the vacuum left by the withdrawal of incumbent providers and clients spread counterparty risk following the 2008 credit crisis.
EBS contemplates new direction
Interdealer broker Icap is continuing to evaluate ways to expand its business proposition, perhaps employing the more technology vendor-approach taken by rival platforms Currenex and FXall.
Logicscope expands TradeSTP offering
Logicscope pushes out improvements to its offering in post-trade FX automation.