Month: February 2004

LavaFX Formally Announced

The long-awaited announcement that Lava Trading is entering the FX market is being made today, when it revealed a “major initiative to introduce electronic foreign exchange trading on the Lava platform”. Although few details are available at this stage, David Ogg, head of LavaFX, says the platform will be available by the end of the […]

Fimat Strengthens its Alternative Investment Offerings

In an effort to further bolster services to the hedge fund industry, Fimat Group, part of Socit Gnrale, last week announced that it has consolidated its alternative investment offerings under a single brand – Alternative Investment Solutions (AIS). Fimat AIS will enhance the breadth of services that Fimat provides to hedge fund market participants by […]

Battle for Chicago Continues

The Chicago Mercantile Exchange has instigated measures aimed at ensuring liquidity in its Eurodollar futures market. The CME is to ask its Class B shareholders to approve a plan to transition the front two Eurodollar futures contract months onto Globex. They are currently traded both on the floor and over Globex, but according to a […]

RBC Changes at the Top

David Gibbins, managing director and global head of foreign exchange at RBC Capital Markets, retired from the bank at the end of the year. His responsibilities have been taken up by global co-heads of FX trading and sales, Toronto-based Rob Wittmann and London-based Mark Allen. Wittmann was responsible for FX sales and trading for North […]

Moneyline Completes Benelux Sale

Moneyline Telerate has sold its presence in Benelux to MarketXS. Under the terms of the agreement, Moneyline’s data will become available through all Market XS products. MarketXS has concurrently raised 11.4 million in funding, and says that it will be looking to expand its coverage beyond Benelux.

SuperDerivatives Take-Up Continues

The Bank of Israel has adopted SuperDerivatives, the FX option pricing system. The bank joins a string of new users announced in recent months, including Coca-Cola Amatil and IBM. “We chose to use SuperDerivatives because, as the central bank, we examine, analyse and research capital flows and exchange rates, particularly short term instruments influencing the […]

Eurex US Goes Live

Eurex US, the Chicago-based subsidiary of the electronic European derivatives exchange, began trading last week, with 39,441 US Treasury futures exchanged on the first day. The future on the 10-year Treasury note was the most actively traded contract, with 25,472 contracts traded. Trading began Sunday evening, February 8, at 7:00 pm, with the trading day […]

ODL Staffs Up

Shani Shamah, formerly head of global sales at IFX in London, has resurfaced at ODL Securities, re-joining former colleagues Graham Wellesley and Lorenzo Naldini, who joined the derivatives and equity trading house’s management team late last month. Alex Mackinnon has also joined as head of the FX initiative, which the company plans will go live […]

FXall Keeps Up the Pace

FXall has traded an average of $15.1 billion per day in January, a healthy growth on the $13.6 billion average it published in November. Total volume reached $317 billion, a 17% increase on the previous high set in November. The portal says that institutional investors again drove the figures, which now account for the majority […]

Refco Launches S&P Index Fund

Refco Securities (RSL) has commenced the sale and distribution of the S&P Managed Futures Index Fund, a publicly distributed investment fund linked to the eponymous S&P index. The index is comprised of 14 accounts maintained by registered commodity trading advisors that the company says employ a broad range of systematic trading strategies in the futures […]