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FX Markets Staff

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Articles by FX Markets Staff

Japan traders dump short yen positions

TOKYO - Japanese retail foreign exchange margin traders abandoned $16 billion worth of short yen positions within days last week, in a scramble to limit losses from unwinding carry trades.

Caplin Systems a star onboarder

LONDON - Caplin Systems, a London-based web technology vendor, has signed two major European banks to its multi-asset trading platform, Caplin Trader.

Colombia fruitful for Citi settlement

BOGOTA & NEW YORK - Citi's Colombia-based domestic settlement service began settling more than $1.3 billion in FX trades daily in September, representing in excess of 80% of the Colombian wholesale FX market.

CME outsources E-quotes data app to CVS

CHICAGO - CME Group has rolled out a new version of its web-based E-quotes data display application and wireless add-on - built and hosted by technology partner Computer Voice Systems (CVS) -which incorporates data from acquisitions the Chicago Board of…

JDFX gets smart with Kontrol

ZURICH - Foreign exchange trading company JDFX has capitalised on an increasing focus on risk management within financial markets by launching Kontrol, a system built to eliminate inefficiencies and dangers caused by calculating risk several times a day…

360T offers multi-leg swaps

FRANKFURT - Multi-dealer trading vendor 360 Treasury Systems (360T) is set to introduce multi-leg foreign exchange swap trading on its cross-product trading platform, 360T TEX, in response to client demand.

Króna in chaos during Iceland's meltdown

REYKJAVIK - Confusion reigned in Icelandic króna trading last week, as the country's central bank, Sedlabanki, abandoned its peg to a basket of nine currencies a day after it was effected.

Decline continues on Parker FX

STAMFORD, CT - The Parker FX Index made a loss of 0.73% in August, falling further from a negative 0.11% the previous month, as the sharp appreciation in the US dollar caught out 60% of managers.

FXMarketSpace abandoned

CHICAGO & LONDON - The Chicago Mercantile Exchange and Thomson Reuters have confirmed their joint venture platform FXMarketSpace will be shut down, ending speculation over the system's future.

Icap expands European coverage with Equinix

LONDON - Icap has extended a deal with datacenter provider Equinix to give European clients access to low-latency data from Icap's EBS spot foreign exchange trading platform.

Asia's tigers show their stripes

For Nick Chamie, head of emerging markets research at RBC Dominion Securities in Toronto, memories of Asia's 1997 meltdown are resurfacing as concern grows in the region

FXMPG tackles FX practices

BRUSSELS - The Foreign Exchange Market Practice Group (FXMPG) plans to hold its first meeting in January, to begin establishing global market practice for foreign exchange activities.

$80bn bail-out likely in Asia

SEOUL - A group of Asian nations might be moving closer to creating a pool of rescue funds worth more than $80 billion, in a bid to resolve the short-term liquidity shortages plaguing the region, say analysts.

Korea's KEB begins trading on EBS

SEOUL - Interdealer broker Icap is deepening its footprint in the emerging markets, with Korea Exchange Bank (KEB) now using its spot-broking system, EBS.

FX traders exercise caution

GLOBAL - Traders worldwide continue to avoid dealing with each other, despite co-ordinated efforts by global central banks to ease the turmoil in the financial market through rate cuts and fund injections.

Barclays integrates Lehman FX in US

NEW YORK - Barclays Capital announced last Tuesday (October 7) that it has fully integrated Lehman Brothers' US foreign exchange and commodities businesses under the Barclays Capital name.

RealStream Margin revamped

LONDON - Cognotec is set to roll out the latest version of its web-based margin trading system, RealStream Margin 3.0, in response to market demand for efficiency and enhanced risk management products.

ICE launches FX futures

ATLANTA - The Intercontinental-Exchange (ICE) is launching ICE Millions, a suite of foreign exchange futures contracts, on November 6, in the latest move by an exchange to capitalise on fears over counterparty credit risk.

Strike while the iron is hot

Pete Luxton, economic adviser, and Shant Movsesian, manager, foreign exchange options, at Informa Global Markets in London suggest a basket strategy to play euro weakness

Nomura takes 150 Lehman refugees

LONDON - Richard Gladwin, former global head of foreign exchange at Lehman Brothers in London, is leading an exodus of the defunct bank's FX staff to Nomura, according to market sources in London.

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