Month: April 2008

Deutsche Merges dbFX and Private Client FX Businesses

Deutsche Bank has combined its foreign exchange businesses aimed at retail investors and high net worth clients under a single management structure. The bank has merged dbFX, a provider of online margin FX trading services to individuals globally, with its Private Client FX business, which was created at the beginning of the year as a joint […]

New Entrants to UK FX Market Target Retail

Retail foreign exchange trading firm Gain Capital has joined forces with US-based broker and clearing firm Rosenthal Collins Group (RCG) to launch an FX service in the UK. The combined entity, called RCG Gain Limited, will offer online FX and futures trading to self-directed retail investors initially in the UK. Gain and RCG are the […]

CME in Search for New EMEA MD

CME Group is looking to recruit a new managing director for Europe, Middle East and Africa following Arman Falsafi’s return to the US. Falsafi, who was appointed managing director of the regions in 2004, is moving back to CME in Chicago as her expatriate contract is due to expire next month, a spokesperson says. It […]

HSBC Appoints Head of FX Sales to Banks

HSBC has appointed a head of FX sales to banks, based in London. Claude Goulet, who was previously at Bank of America, will start at the bank in July reporting to Patrick Schartner, head of institutional FX sales, EMEA at HSBC. He joined Bank of America in 2005 as a principal in GFX European sales. […]

Merrill Warns FICC Staff of Job Losses

Senior management at Merrill Lynch has informed staff in the fixed income, currencies and commodities business that their positions are at risk after the bank announced plans to cut 4,000 jobs globally. Around 80 employees in the FICC Europe, Middle East and Africa business in London have been told that they may lose their jobs […]

Knight Capital Group Adds Spot FX Dealing to Platform

Knight Capital Group has added electronic access to the spot foreign exchange market through subsidiary Hotspot FX from its electronic trading platform, Knight Direct EMS. In addition, the financial services firm has added European equities trading capabilities to the broker-neutral trading platform. Knight Direct EMS now offers direct market access to multiple asset classes, including […]

HotSpot Launches Historical Data Archive

Hotspot FXi is launching access to its Hotspot Records Center historical market data archive, which includes price and quantity tick and transaction data dating back to January 2004. The data can more effectively power trading models, algorithms, and analytics than the indicative, best bid/offer indicated pricing that represent the norm in foreign exchange data, company […]

Icap Forms Korean JV

Icap and Korea Money Brokerage, South Korea’s largest inter-dealer broker, have formed what the firms term a strategic alliance to further develop electronic spot foreign exchange trading in Korea. The alliance will offer increased access to EBS, Icap’s currency trading platform, initially in G7 currencies, and enable Icap and Korea Money Brokerage to leverage their […]

Trading Screen adds CS AES Algos…

TradingScreen has added Credit Suisse’s Advanced Execution Services (AES) FX Algorithms to TradeFX, its FX execution management system. TradingScreen says it now offers more than 300 multi-asset class strategies globally. "[This] is a natural evolution to our offering in algorithmic trading for equities and derivatives to extend its reach to OTC products, and in particular, […]

…Signs Merrill for PB

Meanwhile, TradingScreen has announced it is partnering with Merrill Lynch to offer a fully integrated electronic trading and prime brokerage system to deploy globally to its clients. Merrill Lynch’s clients using TradeSmart can trade across several asset classes and monitor their real-time intra-day positions and profit and loss within the application. The system will allow […]