Month: January 2006

Icap Confirms is in Talks for EBS…

Inter-dealer broker Icap responded to press speculation and a subsequent movement in its share price by confirming that it is in preliminary discussions with EBS regarding a possible acquisition. “Discussions are at an early stage and there can be no certainty that a transaction will take place. A further announcement will be made in due […]

…As Knight Capital Acquires Hotspot FX

Knight Capital Group is acquiring Hotspot FX, the electronic currency trading platform, in a $77.5m deal that will provide the equity trading and asset management services group with another revenue stream. The deal is significant in terms of the maturity of the multibank portal industry and represents the first time that an FX platform has […]

ABN Claims Online IRS First

ABN Amro has launched electronic trading in Swiss franc-denominated interest rate swaps, claiming to be the first bank to offer such a service. Clients wishing to hedge their interest rate exposure have always been able to do so through voice execution, but CHF interest rate swaps have remained voice-only while other products have become available […]

COESfx Adds Silver Trading

COESfx has added spot silver trading for retail and institutional traders using its Web-based trading platform. “Over the past year, we’ve seen significant growth in our trading volume,” says Ronald Balzano, president, COESfx. “In answer to the growing appetite for trading precious metals, we’ve added spot silver to our spot gold offering, which debuted earlier […]

Gain Releases New Version of Trading Platform

 Gain Capital, has released an improved version of its proprietary forex trading platform, ForexTrader. New functionality includes enhanced charting and technical analysis capabilities. The new iteration also marks the launch of Forex Insider, the newest addition to Gain’s proprietary research offering. Gain says Forex Insider provides clients with actionable intraday analysis of news, events and technical […]

Citi Unveils Flow FWIs

Citigroup has introduced CitiFX Flow Weighted Indices (FWI), a set of tools created by the bank to assess the value of a currency based on today’s composition of the foreign exchange market. The indices represent, Citi says, “a significant departure from the composition of the market indicators, such as Trade Weighted Indices (TWI) and Effective […]

Traders Tools Launches Globe; ABN Signs

TraderTools, a supplier of electronic FX white label and software solutions, has unveiled Globe, a new comprehensive global order book. Globe is enhancing the OrderTools component of STPlatform, the company’s straight-through processing eFX trading platform. Globe facilitates the entry of orders into the STPlatform via an order desk by a dealer or a salesperson, a […]

China Unveils First Market Makers

China has unveiled 13 domestic and foreign banks as approved market makers in the Chinese yuan (CNY). ABN Amro, Bank of Montreal, Citigroup, HSBC and Standard Chartered Bank are the offshore institutions. Bank of China, China Construction Bank, Industrial & Commercial Bank of China, Agriculture Bank of China, Bank of Communications, China Merchants Bank, CITIC […]

Reech Launches Option Pricing Module

SunGard’s Reech business unit has launched a new FX option pricing model available in its FastVal service. The FX stochastic volatility model (FXSVM) has been developed by the quantitative research group at SunGard Reech in order to address the issue of pricing and hedging short term exotic options on the FX market. The model’s main […]

BGC Launches with eSpeed

Inter-dealer brokerage BGC will launch its first integrated voice and electronic US dollar repo trading platform for the primary dealer community in the New Year. The platform will be powered by its sister company eSpeed, developer of electronic marketplaces and trading technology. During the initial rollout phase, primary dealers will be able to execute and […]