Month: February 2010

dbFX Introduces Tighter Spreads

Deutsche Bank’s online margin foreign exchange trading platform, dbFX, announced last week that it is improving its pricing by offering tighter spreads to clients. Spreads across many of dbFX’s 34 currency pairs have been reduced by an average of one-third with dbFX’s most popular currency pairs such as the EUR/ USD and GBP/USD having typical […]

ISE Launches FX Options Educational Website

The International Securities Exchange (ISE) has launched an online trader community website exclusively dedicated to foreign exchange options. In partnership with content providers that include Market News International (MNI), LearningMarkets.com, Trading Central, Livevol and OptionSource.net, the new website provides FX options traders with access to news, trade alerts, trading and educational tools, as well as […]

General Atlantic Takes Minority Stake in Markit

Market data company Markit says private equity firm General Atlantic had agreed to take a minority stake in the company. General Atlantic chief executive Bill Ford will join Markit’s board, Markit said in a statement. Terms of the deal were not disclosed but media reports say General Atlantic will invest $250 million for a nearly […]

HK, Indonesia Launch Payment Link to Reduce Settlement Risk

The Hong Kong Monetary Authority and Bank Indonesia have launched a new cross-border payment-versus-payment link between Hong Kong’s US dollar real time gross settlement (RTGS) system and Indonesia’s rupiah RTGS system. The PvP link aims to eliminate settlement risk that arises from the delivery of two currencies in different time zones The system, which went […]

On the Move

The latest moves at Hathersage and Front Futures… Hathersage Hires Pojarliev as Senior Portfolio Manager Hathersage Capital Management, a discretionary absolute return currency manager, has appointed Momtchil Pojarliev as director and senior portfolio manager, a newly created role. Dr. Pojarliev is based in New York and reports to and works alongside Bill Lipschutz, head of […]

Tech Corner

A round up of the latest technology news… Forexpros has launched a news service that offers coverage of the currency and stock markets, in addition to key economic events. Its reports cover the markets in both fundamental and technical terms and cover economic indicators that impact the most heavily traded currency pairs, such as interest […]

Around the World

The best trader in the world; how to circumvent rules; and hang on – aren’t we already at 2 and 20? Ah, the old Harry Hindsight. Squawkbox enjoyed receiving an email from a firm last week promoting the benefits of a UK resident locking in their Swiss house purchase through a forward FX contract. Of […]

And Finally…

It’s been a bad week for some of the early pioneers of our industry. The problems at Cognotec have thrust the company into the spotlight for all the wrong reasons, and some of the early management of Currenex have failed in the latest attempt to grab a share of the spoils from the platform’s sale […]