Month: March 2011

Morgan Stanley Launches FX Algo Tool

Morgan Stanley has released Morgan Stanley Fix, a new algorithmic trading product that provides institutional clients with flow-weighted average execution (F-WAP) in currencies. Similar to volume-weighted average pricing (V-WAP) in exchange traded markets, F-WAP minimises the chance of trading on extreme prices over an execution window. “Institutional investors can incur significant additional cost if currency […]

SEB Launches iPad and iPhone Apps

SEB has launched iPad and iPhone applications, aimed at its foreign exchange clients, for download through the Apple App Store. Much attention is being focused on the development of mobile apps that give clients access to a bank’s prices and research. As reported in Squawkbox last week, RBS Securities has launched an app for the […]

TraderTools Integrates With Nomura

TraderTools has announced that its Liquidity Management Platform now includes access to FX liquidity provided by Nomura. The integration with Nomura offers TraderTools’ customers access to more FX liquidity, especially when viewed with the full market depth provided by TraderTools’ LMP. In addition, FX trades can be executed automatically against this liquidity based on smart […]

Tullett Prebon Launches Global Volatility Index

Interdealer broker Tullett Prebon has launched a global cross-asset volatility index for investors that aggregates volatility conditions at individual asset levels and provides an indication of future realised volatility. Tullett says that it developed the index in recognition that global price volatility, particularly in cross-asset correlation investment scenarios, is increasingly difficult to measure. The TPGlobalVol […]

Retail FX Market Surpasses 8.3 Million Participants: Aite Group

A new report from research company Aite Group estimates that the number of participants in the retail FX market surpassed 8.3 million people at the end of 2010. Retail foreign exchange trading generates daily turnover of $315 billion, which is the equivalent to 7.9% of overall daily FX volume, the report says. This is already […]

On the Move

Citi, Deutsche Bank, Nomura, ANZ, Macquarie Bank, Aite Group, FXall, Trioptima… Citi Hires Head of e-Sales for EMEA Eugenia Vicente is joining Citi in London as head of e-FX sales for Europe reporting to Susan Gammage, global head of e-FX sales. Vincente previously worked in e-FX sales at Deutsche Bank in London and before that […]

Tech Corner

A round up of the latest technology news… The Singapore Exchange has selected Corvil’s latency management service to monitor and assure the latency of SGX’s trading system, Reach. The Corvil service will also be deployed within the exchange’s co-location infrastructure to manage latency between SGX members and the Reach trading platform. Merchant House Group, an […]

Around the World

Standard Chartered buys stake in USE; Deutsche Bank in hot water in Germany… Standard Chartered Bank (Mauritius) has bought a 3% stake in India’s United Stock Exchange (USE), the newest exchange to launch operations in India’s exchange-traded currency futures market. StanChart is the first foreign bank to invest in the exchange. USE’s shareholders include 21 […]

And Finally…

My thanks for all the kind comments regarding the midweek effort for my birthday and the birthday wishes – special thanks to the correspondent who advised me to stop writing the usual [expletive deleted] about stuff I know nothing about and do more songs! Sorry to disappoint you but… We’re back on the industry again […]

And Another Thing…

With sincere apologies to Don McLean and anyone who likes the song “American Pie”…sing along if you like. Long, long time ago, I can still remember, How that dream used to make me smile. And I knew if I had my chance, that I could get the hell out of here and learn to dance […]