Month: February 2007

Mixed Reaction to New US Hedge Fund Proposals

The latest attempt on the part of the US regulators to establish some framework for the hedge fund industry has received a mixed reaction. US press reports that investors are bombarding the Securities and Exchange Commission (SEC) with emails of complaint after the commission proposed raising the barriers to entry for investors seeking to place money […]

SuperDerivatives Opens Mumbai Office

SuperDerivatives, a UK-headquartered provider of options pricing, independent revaluation, trading and risk management systems, has opened a sales and support office and a dedicated data centre in Mumbai to serve its expanding customer base in India. The new regional office is in addition to the company’s Asia Pacific offices in Singapore and Tokyo. It says it […]

Peregrine Financial Opens Shanghai Office to Build FX Business

US-based futures commission merchant Peregrine Financial Group has opened an office in Shanghai to build its foreign exchange, futures and options business. Kem Chong, director of Peregrine Financial Group’s Asian division says the company is seeking to provide clients with access to markets and market information in the languages they prefer. Peregrine Financial Group offers […]

TT Connects to FXMS

Trading Technologies International is to connect its X_Trader order entry platform to FXMarketSpace, the global foreign exchange marketplace that is scheduled to launch this year as a 50/50 joint venture between Reuters and the Chicago Mercantile Exchange (CME). TT says it intends to support all products that will be tradable with the initial launch, including […]

Philippines Central Bank Approves Forex Reforms

The Philippines’ central bank has approved a package of reforms to liberalise foreign exchange regulations in a bid to be more responsive to the global market. The changes allow a higher limit on dollar purchases by residents from banks without supporting documents, and on outward investments by residents without prior central bank approval. The central […]

ICMA Proposes Post-Trade Standard for Bond Markets

The International Capital Market Association (ICMA) has issued proposals for consultation on delivering enhanced post-trade transparency in the international bond markets.  ICMA is the self regulatory body for the international securities market. Its rule book currently requires market makers to report end of day prices and to report their trades to ICMA within 30 minutes. This […]

Barclays Capital Joins Orc ExNet

Orc Software clients are now able to trade listed securities directly with Barclays Capital following the bank’s decision to join the technology vendor’s direct market access platform Orc ExNet. Initially, clients will be able to trade Asia-listed equities but Barclays plans to expand this offering to include all exchange traded products including futures and options. […]

E*Trade Launches Global Platform

Internet brokerage E*Trade Financial Corp. has launched a global trading platform that will provide US retail customers with online access to foreign stocks and currencies. Users will have the ability to buy, hold and sell in the respective local currency. The pilot launch is focused on the major global markets: Canada, France, Germany, Hong Kong, […]

Hunter Leaves FXMarketSpace in Surprise Move

Bryan Hunter, COO of FXMarketSpace, the joint venture between CME and Reuters, has unexpectedly left the company. Hunter, who was one of three senior managers leading the joint venture which will launch this quarter as the first centrally cleared global FX platform, could not be contacted by press time. Sources say his departure was announced […]

Deutsche Bank Strengthens FX in New York

Deutsche Bank has hired two traders in New York, appointing Rob Finn as an exotic currency options trader and John Carrion as a spot FX trader, a spokesperson at the bank confirms. Finn, who joins from Merrill Lynch in New York, where he held a similar position, reports to William Hutchings, director and head of […]