Month: March 2011

On the Move

Citi, Traiana, RBS, ANZ, Morgan Stanley, NFA, Gain Capital… Lee Leaves Citi Roger Lee has left his FX e-commerce sales role at Citi in London, a source familiar with the situation tells Squawkbox. Lee joined the bank in 2001 after spending four years with Deutsche Bank where he was a structure credit middle office manager. […]

Tech Corner

A round up of the latest technology news… SEB has launched tradable Chinese yuan (CNH) currency pairs on its electronic platform, SEB Trading Station. The move follows the bank’s launch of offshore CNH services for cash management, trade finance and foreign exchange at the end of last year (Squawkbox, 13 December, 2010). Currency pairs on […]

And Finally…

Two for the price of one this week as not only do I have two things to write about, I am getting on a plane midweek. I feel sorry for you all. Anyway to kick off, with a tip of the hat and best wishes to Trev, I think the guys in the lift got […]

And Another Thing…

And just a quick note to mention the rising wave of anticipation in the industry over a potential announcement from the US Treasury on the status of FX within the proposed Dodd-Frank Act. Several reports leaked into the press last week and two in particular caught the attention. The Financial Times report seemed very much […]

And Another Thing…

Just as the man famously said (and I paraphrase) in the film Monty Python’s Life of Brian, “He is the Messiah…I should know I’ve followed a few”, I sometimes feel that way about new trading platforms – they come and they go, sometimes with tremendous fanfare or, as is/was the case with Pure FX, without […]

Thomson Reuters to Launch Confirmation Service in Response to Regulations

Thomson Reuters will launch a service in June that aims to provide market participants with the post-trade technology they need to be compliant with new over-the-counter derivatives regulations. Thomson Reuters Trade Confirmation is a legal confirmation matching service that will allow banks to confirm trades and automatically submit trade details to clearing houses, trade repositories […]

CME Group Launches FX VolContracts

CME Group has introduced new future contracts that offer direct trading of foreign exchange volatility. The first FX realized volatility futures, called FX VolContracts, listed on the CME Globex electronic platform are based on the volatility between the euro and the US dollar. They are the EUR-USD 1-Month Realized Volatility Futures and the EUR-USD 3-Month […]

Users of OTC Derivatives Unprepared for New Regulation

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 month.   Ongoing regulatory changes aim to see most of the OTC derivatives markets traded on registered futures exchanges or public trading venues and […]

Merchant Capital Launches Prop Trading Package

The asset management division of Merchant Capital (MC), a UK-based provider of advisory services, is launching a service targeted at foreign exchange traders trying to establish independent trading businesses to run their own money. MC’s proprietary trading package, Merchant Capital FX, offers an option to those offered by fund managers and trading arcades in the […]

Bad Execution? US States Probe Custodian Banks

Attention in the foreign exchange industry is once again upon the real money sector – not an area of the financial industry used to too much attention from FX service providers. The reason for the spotlight on pension and mutual funds is a second round of lawsuits brought by US states and institutions against FX […]

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