Month: April 2010

FX Head to Leave Standard Chartered

Richard Leighton is leaving Standard Chartered where he is global head of foreign exchange responsible for all FX and FX options products globally and fixed income in Europe. A spokesperson for Standard Chartered in Singapore tells Squawkbox: “Richard Leighton, global head of FX,hasindicated his desire toretire after a fruitful careerwith Standard Chartered. “He continues to […]

State Street Moves FX Trading from Sydney to Hong Kong

State Street is transitioning its spot and forward foreign exchange trading from Sydney to its FX trading franchise in Hong Kong, the bank confirmed to Squawkbox on Friday. “This decision will allow us to leverage the scale we have built in our Hong Kong office and provide our clients with a more comprehensive range of […]

Waters Swaps dbFX for FX4Cash at DB

Betsy Waters has left her position as director of dbFX, Deutsche Bank’s online margin foreign exchange trading platform, to join the bank’s FX4Cash EMEA sales team. Effective today, Waters transferred from New York to London to take up the role. FX4Cash is Deutsche Bank’s global payments platform for corporates and financial institutions. Peter Connor, managing […]

Hungary Regulator Fines Deutsche Bank for FX Deals

Hungary’s financial regulator said on Thursday (22 April) that it had fined Deutsche Bank London 90 million forints ($450,000) for currency deals it says caused the Hungarian forint to weaken dramatically. The Hungarian Financial Supervisory Authority (HFSA) said in a statement that from 2007, Deutsche Bank London marketed and concluded a number of foreign exchange […]

Thomson Reuters Launches Elektron

Thomson Reuters has launched Elektron, a new ultra-high speed network and hosting environment that it says will allow financial firms to access and share information faster and more cost effectively. Elektron is an open, global, ultra-high speed and resilient cloud that can be used by traders, hedge funds and brokers to connect to trading partners. […]

DealHub Connects to Gain GTX Trading Platform

Option Computers Ltd (OCL) has added a new straight-through processing feed handler for Gain GTX, Gain Capital’s recently launched foreign exchange electronic communications network (ECN). Gain’s GTX trading platform offers an anonymous trading environment with direct access and trade execution capabilities via streaming prices or request-for-stream quotes with a view of both price and order […]

Parker FX Up in March

Currency funds posted gains in March as managers benefitted from being long commodity and long emerging market currencies, according to the latest Parker FX Index report. Funds focusing on foreign exchange reported a +0.78% return in March with 40 funds out of 62 in the index reporting positive results. The performance for March ranged from […]

Hotspot Reports Record Volume in Q1 2010

Hotspot FX has reported record average daily volume in Q1 2010 compared to the same quarter a year ago. The first quarter average daily volume of $32.5 billion is up 91% compared to $17 billion in Q1 2009. It is also up 8% from the previous quarterly record of $30 billion in Q4 2009. Total […]

ODL Deploys Integral for Institutional FX Platform

Financial trading broker ODL Securities has deployed Integral Development Corp.’s FX Inside White Label to launch its own foreign exchange trading platform. Integral has provided the technology and liquidity links for ODL Alpha, ODL’s FX platform aimed at institutional customers. ODL Alpha is a direct market access platform that combines pricing from ODL’s liquidity providers […]

Quick Corp. Adds Icap Global Fixing Series to Terminal

Japanese financial information vendor Quick Corp. has added Icap’s Global Fixing Series (Icap Fix) to its terminals to aid customers with their internal regulatory and inventory pricing needs.?? The Fix service, derived from Icap’s global voice and electronic broking operations, provides a verifiable range of market data that can be used for referencing and validating […]