Month: March 2007

Malaysian Central Bank Liberalises FX Administration Policies

Bank Negara Malaysia, the country’s central bank, has announced further liberalisation of its foreign exchange administration policies to allow the further development of the financial and capital markets and provide greater flexibilities for businesses to actively manage financial risks.   From 1 April 2007, the rules will expand the scope of licensed onshore banks’ foreign […]

CME Enhances e-Trading for FX Options

The Chicago Mercantile Exchange (CME) has unveiled new technology upgrades that will make it easier for customers to electronically trade CME options.   The enhancements are intended to make it more attractive to electronically trade its 1.2 million contracts-a-day market across the foreign exchange, interest rates, equities and commodities asset classes. Beginning March 25, 2007, […]

UniCredit Hires for Hedge Fund Sales Business Globally

UniCredit Markets & Investment Banking, part of the Hypovereinsbank group has been beefing up its hedge fund and real money sales business globally with four hires.   Paul McErlain joins from Bluecrest Capital Management as head of hedge fund sales in New York.   Joining as a hedge fund salesperson in Hong Kong is Malcolm […]

WestLB Takes Gissing RealtimeXL for Distributing FX Deposit Rates

WestLB has deployed Gissing RealtimeXL from Gissing Software to enable money markets traders based in Dusseldorf, London, New York and Tokyo to contribute FX deposit rates to internal audiences via the bank’s intranet.   Gissing RealtimeXL is a high performance real-time add-in for Microsoft Excel that provides access to and contribution of market data from […]

London Diversified Hires in Asia

London Diversified Fund Management, the UK-based hedge fund with $4.4 billion under management, is opening an office in Singapore to expand its Asian trading capability, according to Dow Jones Newswires, which quotes managing partner Rob Standing, who established the fund with JP Morgan colleagues David Gorton and Mark Corbett (see Profit & Loss March 2003). […]

Quant House Connects to Hotspot FXi

Quant House, a provider of end-to-end program trading systems, has implemented access to multibank FX marketplace Hotspot FXi with the release of the Hotspot Quant House feed handler.   The feed handler is designed to allow the easy integration of the Hotspot FXi feed into algorithmic trading applications using a single API. The Quant House […]

MetaQuotes Software Goes East

MetaQuotes Software, a developer of retail forex trading platforms, has opened an office in Shanghai as part of its expansion into Asian and Pacific markets. The Shanghai office is the company’s second office in the region after it set up in Singapore in December 2004. The local staff hired to work in the office will run […]

Currencies Direct to Open in Mumbai

London based Currencies Direct is launching a Mumbai operation catering for the needs of non-resident Indians (NRI’s) later this year.   The Mumbai office will undertake a number of activities including research, sales and product development and is expected to employ around 30 staff.   Currencies Direct is a provider of commercial foreign exchange and […]

Bank Julius Baer gets Wholesale Bank License in Singapore

Bank Julius Baer has been granted in-principle approval to establish a wholesale bank branch in Singapore.   With its new status, the bank can offer, among other things, basic Singapore dollar products such as current accounts, deposits and loans for all clients including Singapore residents.   Wilfried Kofmehl, CEO private banking, South East Asia, says, […]

Rabobank Makes Key Derivatives Appointments

Rabobank International has made a number of new management appointments in its global equity and fund derivatives business, which is part of its global financial markets division.   Alan Shaffran, global head of structuring, will oversee the overall running of equity and fund derivatives in addition to other responsibilities in his portfolio. Shaffran joined Rabobank […]