Month: March 2011

Tech Corner

A round up of the latest technology news… Gold-i is launching a new version of its low latency Gold-i Gate Bridge, which connects the MetaTrader 4 retail FX trading platform with external liquidity from banks and other providers. The new features include small trade size support, which allows brokers to offer their clients the ability […]

Around the World

More Yuan and Massachusetts… Singapore’s United Overseas Bank is launching offshore products denominated in yuan to meet growing retail investor demand for exposure to the Chinese currency. UOB began offering foreign currency fixed deposit accounts on 3 March and will launch a yuan bond fund by the end of March. The fund will offer access […]

And Finally…

Hopefully regular readers appreciate that I am not of the school that thinks it was better in the “old days”, but I have to confess to a rare moment of wistful nostalgia the other day – courtesy of Thomson Reuters. I happened to be in a dealing room on Wednesday and the minute I entered […]

Morgan Stanley Gets New FX COO

Morgan Stanley has appointed a chief operating officer of foreign exchange and emerging markets. Martine Bond, who joined the bank in London from JP Morgan in 2009, assumes the position from Todd Miller, who has been promoted to chief operating officer of Morgan Stanley’s Global Macro business. Since joining Morgan Stanley, Bond has managed the […]

Thomson Reuters and EBS Partner on Currency Fixes

Thomson Reuters and Icap have started delivering benchmark spot FX fixes for six major currency pairs covering EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CHF and USD/CAD.  The prices are delivered every 30 minutes from the rates executed on Icap’s EBS platform and Thomson Reuters Spot Matching. This expands the two companies’ partnership in producing the Bank of […]

CME to Offer Margining Plan for Rates, Treasuries

CME Group has created a new clearing membership class that allows for cross margining between its two flagship futures products as it prepares for competition from NYSE Euronext. The Financial Instruments Clearing Membership (FICM) offers margin benefits of up to 65% to firms trading interest rate futures and US Treasury securities, two of its largest […]

FXall Opens Office in India

FXall has become an accredited member of the Foreign Exchange Dealers’ Association of India and opened an office in Mumbai. The office is staffed by Giles Castelino, director, sales and Jaison D’souza, relationship manager. The company says its presence in India would help it to partner more closely with Indian banks and expand its offering […]

FX Volumes Dip in February

Icap’s EBS and Thomson Reuters have reported a dip in volumes over the past month while CME Group’s FX volume was unchanged. Icap says average daily volume on its EBS currency trading platform was $139.9 billion, down 8% month on month, while Thomson Reuters reported average daily volume of $143 billion across its three platforms, […]

Aberdeen Starts Short Term Currency Bond Fund

Aberdeen Asset Management has created a fund for dedicated exposure to the local currency short duration Asian bonds. The Aberdeen Global-Asian Local Currency Short Duration Bond Fund is domiciled in Luxembourg and is managed by Aberdeen’s Asian fixed income team in Singapore under Anthony Michael. It is expected to invest predominantly in sovereign bonds in […]

Dow Jones Launches FX Select in Spanish and Portuguese

Dow Jones has made its FX Select news and analysis service available in Spanish and Portuguese as it seeks to expand its global presence. Dow Jones FX Select offers real-time news, policy commentary and trend analysis to foreign exchange brokerages, banks, platforms and portals. The new language services also include economic indicator headlines and Dow […]

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