Month: June 2010

Traiana Expands into Equity Derivatives

Traiana, a post-trade technology provider for the foreign exchange market, has expanded into the equity derivatives arena through a deal with its owner Icap. Interdealer-broker Icap has transferred its equity contract-for-difference (CFD) service, MBA Confirms.Info, to Traiana operationally. As part of the transition, Icap’s service, which connects equity brokers and prime brokers to automate CFD […]

Nomura to Enter Exchange-Based FX Trading

Nomura Securities will this summer start offering online foreign exchange margin trading services based on products listed on the Tokyo Financial Exchange and the Osaka Securities Exchange. Nomura is the first major Japanese securities house to handle both exchanges’ products. It will offer the OSE’s Daisho FX from late July and the TFE’s Click 365 […]

FX Concepts Receives More Investment

Currency hedge fund FX Concepts has received follow-on investment from Asset Management Finance, which counts Credit Suisse Group among its investors. The investment is one of 18 that AMF has made in the UK, US and Australia. AMF, which first invested in FX Concepts in November 2006, didn’t mention the size of the follow-on investment, […]

UBS Goes Live with Omgeo Central Matching Platform

UBS has gone live with Omgeo’s Central Trade Manager (CTM), a central matching platform for foreign exchange, exchange traded derivatives, fixed income and equities. The Swiss bank is the first client globally to use Omgeo CTM’s new event-based push technology, which makes broker-dealers and investment managers aware of any changes to their trade details or […]

First Quadrant Deploys Portware for Global FX Trading

First Quadrant, a Pasadena-based investment management firm with over $17 billion assets under management, has deployed the Portware FX platform to support its global foreign exchange trading operations. Portware FX, developed by Portware, an algorithmic trading technology provider, offers a real-time, aggregated view of the FX marketplace through a single, customisable, broker-neutral front end. It […]

SuperD Launches Revaluation Investigation and Analysis System

SuperDerivatives (SD) last week unveiled a service that aims to help fund managers validate valuations for complex and vanilla derivatives in all asset classes. The Revaluation Investigation and Analysis System (RIAS), which was launched last week at the Gaim International 2010 conference in Monaco, is a web based interactive application. It allows users to provide […]

Activity in Exchange Traded Derivatives Rose in Q1: BIS

Activity in the exchange-traded derivatives markets accelerated during the first quarter of 2010, according to the Bank for International Settlements. Turnover measured by notional amounts of futures and options on foreign exchange, interest rates and stock price indices increased by 16% from the previous quarter to $514 trillion. Open interest, expressed in notional amounts outstanding, […]

SwapClear Drops Libor for OIS

LCH Clearnet, which operates the interest rate swap clearing service SwapClear, is to begin using the overnight index swap rate curves to discount its $218 trillion IRS portfolio. Previously, in line with market practice, the portfolio was discounted using the London interbank offered rate (Libor). “After extensive consultation with market participants, LCH.Clearnet has decided to […]

Interbank FX to Start a Brillian Revolution

Interbank FX is preparing a beta launch of a brand new proprietary foreign exchange trading platform that has been designed to meet the needs for a more robust and customisable platform. The service, Brillian, provides both novice and expert traders with comprehensive platform technology that allows them to tailor the platform to their own design, […]

Dukascopy Receives Banking Authorisation

Dukascopy – Swiss Forex Marketplace has received banking authorisation from the Swiss Financial Market Supervisory Authority and is now Dukascopy Bank. Dukascopy, which was created in 2004 and has grown from two to 130 employees, says it will keep its electronic communication network business model while increasing its business relationships with other banks, institutions, high […]