Month: March 2009

Forex Network London – April 1

Over 150 foreign exchange professionals have registered for Profit & Loss‘s Forex Network conference in London on Wednesday 1 April in what promises to be a day of insightful discussions and an excellent opportunity to network with peers. Topics to be discussed include the central counterparty model; the ECN industry; the changing face of prime […]

CFETS-Icap Resumes FX Swaps, Forwards Trading in China

CFETS-Icap International Money Broking Co. resumed broking yuan swaps and forwards last Monday, just over a year after it and another broker were stopped from broking them by China’s foreign exchange regulator. CFETS-Icap is understood to be the first interdealer broker to receive a license from the State Administration for Foreign Exchange (SAFE). The license […]

RBS Appoints Nielsen as Global Head of Markets

The Royal Bank of Scotland has appointed Peter Nielsen to the new role of global head of markets with a wider view of market risk, credit and liquidity following the bank’s record annual loss of 24.1 billion last year. Nielsen, who was previously global head of rates, local markets, currencies and commodities, will also take […]

CME Offers Discounts to South American-Based Banks…

CME Group has launched a new incentive programme that will offer South American-based banks discounted trading fees for proprietary trading of CME Group products. Scheduled to begin on May 1, banks will receive discounts on nearly every CME futures product including currencies and interest rates, although they will not be immediately available for metals products. […]

…Launches E-Mini Gold and Silver Futures

CME Group will be launching e-mini gold kilo and silver 1,000 ounce futures contracts on April 19 for firms looking to hedge risk in the precious metals markets. The contracts will be available on the Globex electronic trading platform and listed with, and subject to, the rules and regulations of Nymex. “The new e-mini gold […]

Investors Mixed on Outlook for FX as an Asset Class

Although currency markets have continued to function well, investors remain sanguine on the asset class. The latest Deutsche Bank Survey of Alternative Investors shows that while something like 7% of respondents expect FX as a strategy to perform best in 2009 (3% expect it to perform worst), 17% of investors plan to increase allocations to […]

Alpari Launches Automated FX Trading

Alpari (UK), an online foreign exchange trading provider, has launched Systematic – Automated Portfolio Solution, a fully automated trading platform. Systematic provides a way for customers to diversify individual trading strategies, the company says. In a few steps, and without the need for previous programming experience, forex investors can view the performance of over 70 […]

On the Move

HSBC, Deutsche Bank, Newedge… Daffin Leaves HSBC to Go Green Ashley Daffin has left HSBC in London where he was head of e-commerce FX sales, Europe, Middle East and Africa to pursue a career in the energy and climate change markets. Daffin is taking up the position of commercial director at Utilyx, a European energy […]

Tech Corner

A round up of technology news… TradersChoiceFX, an introducing brokerage, has teamed up with i-Trade FX to give each new client $100 in a pre-funded Metatrader 4 live account. The complimentary $100 account arrangement is exclusive to TradersChoiceFX clients who sign up with i-Trade FX and essentially means that traders get the chance to get […]

Around the World…

The most useless stat of the week; giving things a good kicking; and always look on the bright side The most useless statistic of the week? Last week saw the unveiling of new “analysis” from UK money manager New Star which identified the “Mervyn King effect” on sterling. Basically the “analysis” states that every time […]