Month: July 2010

Sao Paulo

Chi-X is expanding in Brazil, and in an outrageous plug, so is Profit & Loss! Chi-X Global, the alternative trading venue owned by Nomura, has formed an alliance with BM&FBovespa, the largest exchange in Latin America, to create a new service that will allow overseas investors to complete deals in locally listed stocks in their […]

StanChart Champions the Multi-Asset Class Approach

Standard Chartered fully embraces its emerging markets moniker and is building a multi-asset class platform within its flagship Straight2Bank transaction banking platform to service its footprint markets in Asia, Africa and the Middle East. Development is being led by Zeeshan Khan, who joined the bank in London last year as global head of e-commerce, financial […]

Standard Chartered’s Mohammed Grimeh: Taking the Road Less Travelled

Mohammed Grimeh, head of global markets, Americas, for Standard Chartered in New York met with Julie Ros in late May to talk about the bank’s long-established focus on emerging markets, and why the global financial crisis proved a sweet spot for the bank. Julie Ros: The growth of emerging markets proved resilient throughout the global […]

SuperDerivatives Launches Reval Analysis System

SuperDerivatives (SD) has 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) is a Web-based interactive application. It allows users to provide a set of shifts in the underlying yield curves and volatility surfaces and displays the […]

First Quadrant Deploys Portware for Global FX Trading

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

TXC Hires for Tech Initiatives

Trading Cross Connects (TXC), an incubator of high frequency algorithmic trading teams, has hired Zhen “Zach” Wang to oversee a range of technology initiatives designed to enhance TXC’s software and infrastructure.  Based in Wellesley, Ma, Wang reports to Gray Lorig, TXC’s chief information officer. Previously, Wang was a quantitative application developer at Majestic Research where […]

FIA Appoints Principal Traders Group Spokesman

The Futures Industry Association (FIA) has named Jim Overdahl as spokesman for its Principal Traders Group (PTG). He will be responsible for articulating the group’s views on public policy issues and improving public understanding of the role played by principal trading firms in the financial and commodity markets. Overdahl has served as the chief economist […]

Brazilian Asset Manager Expands into FX with StreamBase

Sao Paulo-based Kairos Asset Management (KAM) has deployed StreamBase Systems’ Complex Event Processing (CEP) platform to handle high frequency trading strategies across asset classes. The announcement, made at June’s International Derivatives Expo in London, follows the rollout of StreamBase’s platform to develop algorithms and handle order execution in equities. KAM, which was founded in 2003 […]

Study Shows Impact of Currency Fluctuations on UK SMEs

Almost two-thirds of small and medium sized UK businesses (SMEs) believe that currency fluctuations are threatening their ability to trade overseas, according to new research carried out by Smart FX. London-based Smart FX, a new forex platform and part of FX group, Global Reach Partners, and business support group, the Forum of Private Business (FPB), […]

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 reveal the size of the follow-on investment, […]