Month: January 2011

Icap Launches Russian Rouble Fix on EBS

Icap has added a Russian Rouble Fix to trading capabilities on the EBS platform, the latest in a growing number of FX fixings now available on EBS. The addition comes at a time when financial market participants are seeking independent, verifiable data to support their internal risk and control processes as well as regulatory requirements […]

Alpari Launches QuantumFX

The Alpari Group last week officially launched its institutional trading platform, QuantumFX, following the hires of senior managers in London. QuantumFX provides corporations, hedge funds, banks and high frequency trading institutions with a customisable, Web-based trading platform and access to a diverse and deep liquidity pool. The service offers anonymous trading via a central clearing […]

Barclays Capital Fined £1.1 Million by FSA for Client Money Breaches

Barclays Capital has been fined £1.1 million by the UK’s Financial Services Authority for client money breaches. The FSA says BarCap had failed to protect and segregate, on an intra-day basis, client money and its own funds between December 2001 and December 2009. The bank did segregate money overnight but mixed it on a daily […]

CFTC Sues 14 Firms for Unregistered FX Trading

The US Commodity Futures Trading Commission has filed suit against 14 small firms that it says are breaking the law by selling foreign exchange contracts to individuals without being registered with a government agency. The lawsuits announced last Wednesday are the first actions to be taken by the CFTC to enforce the new forex regulations […]

Anello Asset Management Launches FX Fund

Anello Asset Management, a London-based alternative investment manager, has launched two stand alone managed accounts, the AAM Isis FX Programme and the AAM Omega Programme. The AAM Isis FX Programme aims to provide returns utilising short-term trading strategies within the global currency markets. The programme, which has a potential capacity of around $1 billion, is […]

Users of OTC Derivatives Unprepared for New Regulation: BNY Mellon

Buy-side institutions will have severe difficulty meeting regulatory requirements in the over-the-counter derivatives markets in the US and Europe, according to a BNY Mellon survey of institutional investors released last week.   Ongoing regulatory changes aim to see most of the OTC derivatives markets traded on registered futures exchanges or public trading venues and guaranteed […]

AIMA Rails Against

The Alternative Investment Management Association (AIMA) has hit back at suggestions that the hedge fund industry is unregulated. The global hedge fund industry is not ‘unregulated’ or lightly-regulated, the association states. Hedge fund managers are already rigorously regulated in all the main jurisdictions in which they operate, and significant new regulation is being introduced internationally. […]

Credit Suisse Provides FX Index for Shinkin AM

Credit Suisse has been selected to provide a currency index for an index fund established and managed by Shinkin Asset Management. A privately-placed investment trust managed by Shinkin Asset Management for Japanese financial institutions and institutional investors, the Shinkin FX Factor Special fund tracks FX Factor, a currency index offered by Credit Suisse. FX Factor […]

Market Participants Update Fed on OTC Processing

International supervisory authorities and major market participants met at the Federal Reserve Bank of New York last week to discuss ongoing efforts and future priorities for improving infrastructure and reducing risk in OTC derivatives markets. The meetings between the OTC Derivatives Supervisors Group (ODSG) and major market participants have served as a venue for open […]

Bloomberg Launches Hedge Fund Service

Bloomberg Trading Solutions has launched the Bloomberg Hedge Fund Tool Box (HBOX), a platform that integrates front-to-back office tools into one package for the management of foreign exchange, fixed income and equity strategies across 65 countries. HBOX has been built for fund managers, traders, operations and compliance professionals. The service provides fund managers with simplified […]