Month: August 2008

Japan TFX Adds More Currencies for Margin Trading

The Tokyo Financial Exchange (TFX) will allow margin trading in a new range of currencies and non-Japanese yen crosses from 27 October, according to media reports on Friday. According to a report on Reuters the exchange – one of the main intermediaries in Japan’s margin trading market – will boost the number of tradable currencies […]

CME Adds to London Sales Force

David Emerick has joined CME Group’s foreign exchange sales team in London. He started on 18 August and reports to Andrew Durrant, director, foreign exchange products – Europe.    Emerick was previously a business development executive at Reuters, working in the treasury broking team promoting the RTF-CME futures trading platform and Dealing 3000 Spot Matching. […]

Danske Hires Scott-Douglas

Danske Bank has hired Grant Scott-Douglas as a vice president in hedge fund sales, based in Copenhagen. Scott-Douglas started on 1 August and reports to Jesper Ronald Petersen, local head of sales.    His remit covers hedge funds, CTAs and other leveraged funds as well as supporting the bank’s coverage of central banks and banks.  […]

4Cast Adds to Sales Team

Foreign exchange analysis company 4Cast has hired two salespeople to its London team.    Daniel Gostelow joined last week (18 August) as an account manager for new business covering London-based institutions as well as hedge funds and institutions based in Ireland, Scotland, Benelux and France. He joins from Market News where he was on the […]

Lien and Schlossberg Move To GFT

Currency strategists Kathy Lien and Boris Schlossberg have joined online trading firm GFT in New York as directors of research within the currency research division.    Schlossberg joins from Daily FX where he was a senior currency strategist. His career began more than 20 years ago at Drexel Burnham Lambert and he is the author […]

State Street Unveils the OTC Hub Platform

State Street has launched a derivatives servicing platform that performs automated middle and back office processing for over-the-counter (OTC) derivatives.   The platform, called The OTC Hub, has already gone through beta-testing and is now live with asset manager Pimco.   The OTC Hub automates a number of stages in derivatives processing including customer reporting, […]

New Citi and Korea Securities Depository Service to Improve FX Settlement

Citi Securities and Fund Services (Citi SFS) and the Korea Securities Depository (KSD) have formed an agreement to provide daily turnaround investment services.   Citi SFS, a division of Citi Global Transaction Services, says the daily turnaround service will improve foreign exchange settlement services and risk management including reduced foreign exchange settlement cycles on securities […]

Deutsche Bank Launches Index to Hedge Asian Inflation

Deutsche Bank has launched the db Asian Inflation Proxy Index, a tool that tracks inflation in Asia, excluding Japan, and enables investors in Asia to hedge inflation in the region.   The index is investable in a range of principle-protected formats, swaps, and in the US dollar or a range of Asian currencies. The index […]

Gold Futures Offered on Thailand Exchange

Gold futures priced in Thai baht will be launched by the Thailand Futures Exchange (TFEX) next month. The product will offer local participants with a de-facto USD/THB trading facility albeit with gold price risks.    TFEX is in discussions with three local futures brokers – KGI Securities, Trinity Polaris Futures and Globex Securities – to […]

MG Forex Launches new Platform

MG Forex, a retail foreign exchange trading provider which is part of MG Financial Group, has released a new trading platform that is customisable by users.    Called DealStationFX, the platform allows traders to adapt the platform layout to suit their preferences while customising the characteristics of orders to meet their trading needs.    Clients […]