Month: October 2010

Interactive Data Corp Adds Wocu to Real-Time Data Services

Interactive Data Corporation, a provider of financial market data and analytics, is incorporating the World Currency Unit (Wocu) into its real-time market data services. Interactive Data will be the first data vendor to provide its global client base with access to the Wocu, which is designed to offer commercial trading benefits and help investors assess […]

BarCap Launches New Index

Barclays Capital has unveiled its latest index product. The bank says the Barclays Capital Multi-Alpha Equal Risk Allocation Index (the ERA Index) is designed to provide investors with strong, stable returns by allocating risk equally across four asset classes: equities, interest rates, commodities and foreign exchange. The ERA methodology is supported by the bank’s Index, […]

Credit Suisse Launches Merlin App

Credit Suisse has officially released an i-Phone application for its options trading platform Merlin to the Apple AppStore. The bank has been planning the release for some time, having mooted a launch earlier this year (Profit & Loss, April 2010). Clients of Credit Suisse who download the app, which is free, will be able to […]

Nomura Launches UCITS III Currency Fund

Nomura has launched the Nomura C10 Fund, a regulated currency investment product which aims to provide investors with directional exposure to Chinese economic growth. The Nomura C10 Fund is the latest development in Nomura’s UCITS compliant products suite. Its investment objective is to provide investors with direct exposure to the performance of Nomura’s C10 Currency […]

StanChart Signs RMB Settlement Agreements with Five MENA Banks

Standard Chartered has signed renminbi (RMB) cross border trade settlement account agreements with five Middle East and North Africa (MENA) based banks. The move will allow these banks to open RMB accounts in China and facilitate trade activities between these banks and China. The five banks are: Alinma Bank Saudi Arabia, Bank Al Falah Pakistan, […]

Interbank FX Seeks Broker Partners in Vietnam

Interbank FX has unveiled plans to bring its foreign exchange trading tools to Vietnam’s banks, investment firms, securities brokerage houses and financial institutions. Interbank FX executives were in Vietnam in September to examine the market and provide information to some of Vietnam’s financial and banking executives. Last year, Interbank FX opened an office in Seoul, […]

AvaFX Launches Platform with Tradency

Online trading company AvaFX has teamed up with Tradency to launch an advanced automatic trading strategies platform, Ava AutoTrader. Ava AutoTrader introduces AvaFX customers to the “mirror trading” concept, originated by Tradency, which allows traders to ‘mirror’ and include in their portfolio strategies that have been developed by experienced Forex traders. The trader can check […]

On the Move

UBS, Citi, CME Group… UBS Hires Hussain Mel Hussain is joining UBS in London on 11 October as an executive director, reporting to Mike Bichan, managing director in FX distribution, a spokesperson confirms. Citi Hires G10 Spot Trader Citi has hired Steen Dybdahl Frandsen in Singapore as a senior trader in its G10 FX spot […]

Tech Corner

A round up of the latest software news… RTS Realtime Systems Group has released a low latency gateway for its RTD Tango and RTD Tango Trader clients, accessing CME Group‘s Globex platform with an internal latency of 100-150 microseconds. RTD Tango is an event-based algorithmic trading platform. The firm recently introduced RTD Tango Trader as […]

And Finally…

This week, we have some old school vitriol, triggered – and this will come as no surprise to regular readers – by my less-than-good friends at United Airlines. I was wondering how I was going to get FX into what is going to be a diatribe against the airline – then I realised I didn’t […]