Month: December 2008

Indian Futures Spat Heightens

An ongoing disagreement between India’s National Stock Exchange and one of its connectivity providers reached new heights last week. Financial Technologies (India) issued a public notice that alleges that the NSE is attempting to remove the firm from its panel of software vendors. The spat was triggered by the NSE placing FTI on a “watch […]

FXall Taps Global Link Man for Australia

FXall has expanded its Asia Pacific operations with the opening of an office in Sydney. The new office will be led by Jonathan Woodward, who was appointed as head of Australia and New Zealand. FXall says the office will support its growing business operations in the Asia Pacific region and complement its existing Singapore and […]

Dukascopy Adds Scandinavian Currencies

Swiss foreign exchange trading platform provider Dukascopy says it has added EUR/SEK and EUR/NOK pairs ahead of schedule in response to customer demand. The company has received “repeated” requests from users, comprising mainly banks and hedge funds as well as asset managers and high net worth individuals for the pairs, it tells Squawkbox. The Geneva-based […]

Kelly Leaves Deutsche Bank

Connor Kelly, a managing director and head of emerging markets FX options trading at Deutsche Bank in London has left, according to market sources. He oversaw the central and eastern Europe, Middle East, Africa and Latin America regions. The German bank had only recently appointed Kelly in the summer in a newly-created role (Squawkbox, 14 […]

Credit Suisse Commodity Trader Leaves to Start Fund

Credit Suisse saw the departure of one if its senior traders to start a macro hedge fund that will invest in currencies, commodities, equities and interest rates, according to media reports. Derivatives trading director Hakan Kocayusufpasaoglu has left to start the multi-strategy fund, which will be based in Zug, Switzerland and will target investors from […]

ISDA Backing CDS Market

Credit Default Swaps (CDS) continue to receive the strong backing of industry body the International Swaps and Derivatives Association (ISDA) with chief executive Robert Pickel last week explaining their benefits to the US House of Representatives Committee on Agriculture. “CDS are an efficient means of hedging risk or adjusting positions,” Pickel said in his testimony. […]

Icap Raises Record Millions for Charities

Icap has raised a record 11 million globally on its 16th annual charity day, beating the 9.2 million raised in 2007 and bringing the total raised to 53 million since the inaugural charity day in 1993. Icap will donate the money to over 100 charities worldwide. Michael Spencer, chief executive of Icap, says: “To raise […]

Florida Forex Fraudsters Face $12 million Fine and Restitution

The US Commodity Futures Trading Commission (CFTC) has obtained more than $12 million in restitution and civil monetary penalties against a group of Florida-based foreign exchange fraudsters. US magistrate judge Edwin Torres of the southern district of Florida entered four separate consent orders of permanent injunction against firms Addison Enterprise and Forefront Investment as well […]

List Launches CDS Position Keeping Software

Italian technology vendor List has launched a new front office system, FMR Position Keeping, to help traders evaluate their credit risk exposures across interest rate futures, credit default swaps and bonds. The front office software provides an integrated and real-time view of users’ positions and integrates with FastTrade, List’s multi-asset class trading platform, which connects […]

Integral offers FX Inside STP through Thomson Reuters

Integral Development has linked its FX Inside product to the Reuters Trade Notification Service (RTNS) for straight-through processing. FX Inside, Integral’s execution management system, is a direct access trading system for spot, outrights and swaps that aggregates executable streaming prices from multiple liquidity providers. In addition to RTNS, it is also linked to Icap’s Traiana, […]