Month: December 2009

CMC Rolls Out StreamBase

CMC Markets has deployed a complex event processing (CEP) platform from StreamBase Systems to cleanse and distribute FX prices to clients. The firm says it plans to extend its use of the platform to other markets, including indices, futures, commodities and treasuries, by year-end. According to CMC’s CIO, Asif Adatia, the firm is primarily using […]

Schroders Hires Dogra for Currency Fund

Asset management company Schroders has hired Hardeep Dogra as manager of its recently launched Global Managed Currency Fund. Dogra will assist Clive Dennis in the management of the fund.  Dogra has joined Schroders in London from Goldman Sachs where he worked as an associate in the fixed income, currency and commodities (FICC) group, focusing on interest […]

Gam Adds Currency Fund to Ucits Range

Swiss asset manager Gam has added an emerging market debt and currency fund to its Ucits III fund range.Gam Star Pharo Emerging Market Debt & FX fund is managed by London-based foreign exchange investment group, Pharo Global Advisors. The fund will invest primarily in emerging market government and quasi-government cash bonds, currency futures and forwards. […]

Global Imbalances and the Dollar

See no evil, hear no evil, speak no evilThe powerful policy response to the crisis has saved us from depression – Dieu merci. But the lack of efforts to address key global imbalances keeps us worried. New burdens have swelled, with government finances in particular now being far weaker than two years ago. The 2010 […]

CLS to Provide FX Trade Repository

Foreign exchange settlement provider CLS Bank plans to establish a trade data repository for the global FX market, in a move designed to head off regulatory pressure for more transparency in the over-the-counter currency markets. The provision of trade data repositories that can ensure transparency of trading, achieve timely matching and confirmation and provide full […]

Traiana Extends Out of PB

Icap, the world’s largest inter-dealer broker, has embraced the multi-prime approach taken by so many hedge funds in the post-global financial crisis world (see Special Report, this issue), as well as extended the availability of Traiana’ Harmony service outside the realm of prime brokerage.Traiana has extended its Harmony FX options processing service beyond prime brokerage […]

Deutsche Bank Ups the e-FX Options Ante

Deutche Bank has extended its electronic order management tools with the addition of Autobahn FX options orders. The launch, which the bank says is a first in the industry, will automatically execute orders placed ahead of time at the required price. The bank says the new service will cut execution costs and increase efficiency by […]

10 Years Ago in Profit & Loss

50 Years of FXIn December 1999, Profit & Loss celebrated 50 years of foreign exchange with a year-ending and humorous look at some of the great stories of that half-century. From mis-heard comments leading to mis-hits in the market, through technology nightmares and some (possibly apocryphal) stories from the broking desk, this special feature captured […]

Thomson Reuters Hires FX Veterans for Analyst Team

Thomson Reuters has formed a six-member foreign exchange analyst team to enhance its FX, macroeconomic and money market news and analysis offerings. The global team of analysts will serve as core contributors to Reuters’ newly launched global treasury chatroom, The Dealing Room, and will make regular appearances on Thomson Reuters Insider’s daily FX programmes as […]

OTC FX in the Spotlight in FXC Paper

The Foreign Exchange Committee, which is sponsored by the Federal Reserve Bank of New York, last month issued a working paper that studies the FX market’s performance post-Lehman Brothers collapse. The paper sees opportunities to “further bolster the strength of the over-the-counter FX market”. The FXC paper follows one released in September by the UK […]