Articles by FX Markets Staff
Credit Suisse algos on Bloomberg
LONDON - Credit Suisse is offering its foreign exchange algorithmic trading strategies on Bloomberg FX Dealing, as the bank continues on its path to offer the service to a broader client base.
CitiFX Pro banks on Asia
HONG KONG - Citi expects Asia to represent 50% of the turnover on its foreign exchange margin trading platform, CitiFX Pro, which made its Asia debut in Hong Kong this month.
CME/FXMS venture over?
LONDON - CME Group (CME), Thomson Reuters and FXMarketSpace (FXMS) have not confirmed a media report alleging CME has decided to end its involvement in FXMS, its joint venture FX platform with Thomson Reuters.
TraderTools LMP works with FXMS
NEW YORK - TraderTools is enabling users of its liquidity management platform (LMP) to access liquidity from electronic trading platform FXMarketSpace (FXMS).
Calyon cuts back in derivatives to survive downturn
PARIS - Calyon will cut 500 jobs and pull out of the structured credit and derivatives markets as part of a plan to survive the market downturn.
Barclays Asian ETN gains $4.7m
NEW YORK - Barclays received $4.7 million worth of investment into its Asian currency-linked exchange-traded note (ETN) by September 9, five days after launch.
DealHub's BAM goes with the flows
LONDON - Option Computers Limited (OCL) has completed development of its business activity monitoring module (BAM), which enables users to view clients' foreign exchange trading activity.
RBS and Simplex launch RBS Swift
LONDON - The Royal Bank of Scotland (RBS) has teamed with technology provider Simplex Consulting to launch an RBS Swift Service Bureau for corporates requiring outsourced services connecting to the Swift network.
Cognotec broadens FX analytics
LONDON - Cognotec is offering users of its web-based margin trading platform access to charting software developed by Boulogne Billancourt-based IT-Finance.
Dresdner FX team could escape Commerz axe
LONDON - Dresdner Kleinwort's foreign exchange team might well escape the 9,000 job cuts arising from Dresdner Bank's €8.8 billion acquisition by Commerzbank, say market sources.
TFX revamps forex trading
TOKYO - The Tokyo Financial Exchange (TFX) is set to launch a new trading platform for its foreign exchange market, Click 365, on October 27, to support rising volumes as it expands its list of market-makers and products.
Chicago Mercantile Exchange sets non-roll month record
CHICAGO - The Chicago Mercantile Exchange set a non-roll month record in August, with total notional value reaching $1.89 trillion from 13.84 million foreign exchange contracts traded, marking a 3% rise on August last year.
OCL netting gets CLS-compliant
LONDON - Options Computer Limited (OCL) has launched a new version of its year-old pre-settlement netting tool that aims to manage back-office capacity constraints and cut messaging costs, while remaining CLS-compliant.
FX trio quits IG
LONDON - London-based spread-betting company IG Index has lost three members of its FX desk in London.
NSE FX futures take off in India
MUMBAI - Foreign exchange futures trading on India's National Stock Exchange (NSE) reached 70,000 contracts on the first day of trading, as institutions seek to gain from futures amid a plummeting rupee.
Algo trading: worth the expense?
An important issue that came up in the Aite Group report on algorithmic trading in foreign exchange released last week was the cost of using this form of trading.
UBS hires new fixed-income head
LONDON - UBS has hired Carsten Kengeter from Goldman Sachs as global head of fixed income, currencies and commodities (FICC).
Algo FX: the battle for market share
Algorithmic trading in foreign exchange is tipped to experience continued growth, but the uptake is not without its obstacles. Susanna Robinson reports
BMO boasts booming Q3
TORONTO - BMO Financial Group has achieved a strong quarter for forex trading, according to the Canadian dealer's third-quarter earnings statement.
China cracks down on compliance
BEIJING - Chinese regulators have announced plans to monitor domestic and foreign banks' implementation of foreign-currency controls, in a move some analysts say is aimed at keeping speculative money out of the market.
Parker FX returns drop in July
STAMFORD, CT - The Parker FX Index fell 0.11% in July, down from a return of 0.17% in June, as the big drop in energy prices helped the US dollar appreciate.
BMO boosts London FX
LONDON - Bank of Montreal (BMO) Capital Markets has expanded its foreign exchange sales and trading desk in London with the hire of ex-JP Morgan staffer James Hennessy.