Month: February 2009

FX4Charity Initiative Launched by Currencies Direct

A fund-raising initiative to help individuals, businesses and charities generate free donations for good causes has been launched by Currencies Direct, a UK-based foreign exchange company.   Currencies Direct will make a donation to a registered charity of any new customer’s choice when they buy or arrange foreign currency from the firm via its fund-raising […]

On the Move

Credit Suisse, Societe Generale, CME, ISDA, Newedge… Credit Suisse Hires Ammann Credit Suisse has hired Markus Ammann as a director of FX sales to Asian central banks and sovereign wealth funds in Singapore. He reports to Ivan Chan, head of FX Sales. A spokesperson for Credit Suisse confirmed the hire. Ammann was previously a director […]

Tech Corner

A round up of this week’s software releases… Forex Club Adds Autochartist Technical analysis provider Autochartist has launched an automated chart pattern service on the Forex Club platform, which services retail FX clients. The company say that Forex Club’s members have been provided with a “special version” of Autochartist’s existing Web-based service.   Autochartist recognises […]

Around the World…

Talking the yen down, a painful time for Poland and how firms are protecting their retail business… First big call of the year? Singapore-based hedge fund Asia Genesis Asset Management predicts that the yen will fall 13% this year against the US dollar. The fund also says the yen could struggle within the region, specifically […]

And Finally…

Six months after side-stepping from Tradition to BGC on his way from Tullett Prebon (for 6 million if readers remember correctly – Squawkbox, September 8, 2008), is Tony Verrier’s first significant move going to be in the FX market? By a quirk of coincidence, I spent much of last week bumping into members of the […]

Forex Man Appointed to UK’s MPC

The Bank of England has appointed the head of its foreign exchange division to its Monetary Policy Committee. Paul Fisher has been appointed executive director, markets and a member of the Monetary Policy Committee with effect from 1 March 2009. He will join the committee in time for its meeting next month, when policymakers are […]

ACI South Africa Prepares World Congress

It is now less than one month to go before the 48th World Congress of ACI – The Financial Markets Association. Appropriately enough given the level of interest in emerging markets, this year’s event takes place in Cape Town, South Africa and is entitled “Gateway to Opportunity”. The Congress takes place from March 11-14, and […]

Icap Loses Senior Man in Australia

Icap has seen the departure of one of its senior personnel in Australia. Keith Sedergreen has left the firm in Sydney where he was marketing director for all Icap voice brokered products and the i-forwards platform in Australia and New Zealand. Sedergreen joined Icap in October 2006 as marketing director and stepped up to become […]

SunGard Steps up FX Focus with GL Trade Acquisition

Financial technology giant SunGard is stepping up its focus on foreign exchange and money markets following its acquisition of software company GL Trade, company officials said last week. The Wayne, PA-headquartered company completed its acquisition of Paris-based GL Trade last month, renaming it SunGard Global Trading, and calling the company “a perfect fit” in terms […]

Regulation Fear Rises as FXCM-CFTC Bang Heads

$17,014 may not be a large amount of money, but fears are growing that a dispute involving retail FX broker FXCM and the US Commodities and Futures Trading Commission (CFTC) over just that amount may have repercussions for the wider FX market. FXCM has been accused by a client, Robert Dickten, of “arbitrarily setting prices […]