Trading
Standard Chartered: EM currencies will come out top in 2011
Standard Chartered topped the one-month currency forecast rankings on expectations for further euro hardship.
Canadian banks post lukewarm Q2 forex results
TORONTO - Canadian dealers reported a mixed bag of second-quarter results ending April 30.
Thomson Reuters Spot Matching launches new Arab currencies
DUBAI – Thomson Reuters launched three new Gulf Co-operation Council (GCC) currencies in April on its Spot Matching system, in response to customer demand.
Aspen wins with technical analysis in murky conditions
Aspen Trading topped the one-month currency forecast index for the first time ever with a sole focus on technical analysis.
In Brief, May 31, 2010
Read this week's In Brief to catch up on the latest FX technology news.
Out of crisis comes opportunity?
The past few weeks of rampant volatility have no doubt put the technology of a number dealers to the test. particularly interesting though are the strategic rumours circulating about an unlikely dealer.
Hotspot extends reach
JERSEY CITY, NJ - Agency broker and market-maker Knight Capital Group has connected foreign exchange and fixed-income trading platforms - HotSpot FX and BondPoint, respectively - to the Secure Financial Transaction Infrastructure (SFTI) network from NYSE…
Non-banks drive up Hotspot volumes
JERSEY CITY, NJ - HotspotFX reported a 107.9% rise in average daily volumes to $35.2 billion - double count - in April, versus $16.9 billion last year.
FXall targets Japan expansion
TOKYO – FXall continues to expand its presence in the Asia-Pacific region, with a key hire from Deutsche Bank in Tokyo.
Bank FX price feeds fall short
LONDON - Banks must improve their foreign exchange pricing and trading infrastructure or risk losing order flow, according to currency traders.
Concerns over euro remain despite rescue bid
Last week's news of a €750 billion international rescue package for struggling economies on the edge of the eurozone initially lifted the euro, but concerns persist about the indirect effects of the bailout, and the area's underlying economic prospects.
Option prices rocket over euro crisis and UK hung parliament
LONDON – Options prices shot up dramatically last week as liquidity fell, amid long-term concerns over the European Central Bank’s (ECB) handling of the eurozone deficit crisis and uncertainty about the outcome of the UK election.
FXall adds trade analytics
NEW YORK – Investment Technology Group (ITG) launched a transaction cost analysis service in co-operation with trading platform FXall, last week.
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…
Traders prep for more euro troubles
LONDON - Options markets are pricing in further euro downside risk, despite expectations a multibillion euro bailout package for Greece will be unveiled soon.
In Brief, May 3, 2010
What's going on in the FX technology sector.
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).
Sophis to partner with Windows 7 in May
PARIS - Sophis is planning an upgrade of Risque, its cross-asset portfolio and risk management system, to Windows 7 software from Microsoft.net at the end of May.
BarCap losses trickle on
LONDON & SINGAPORE - Barclays Capital (BarCap) has lost two more staff, following the mass exodus at the end of April.
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.
US forex back on form in first quarter
NEW YORK & BOSTON - Most US banks reported strong forex revenues in the first quarter this year versus last year, as the global markets start to recover.
Parker FX: Discretionary approach gets better returns in March
STAMFORD, CT – The Parker FX Index reported a 0.78% return for the month of March, when the US dollar continued to appreciate relative to the majors, with the DXY Index gaining 0.62%.
Credit Suisse rebuilds spot in NY
Swiss dealer adds senior trader