Month: April 2011

Platforms Continue to Grab Market Share

The latest Greenwich Associates survey of e-FX trading finds that trading platforms are continuing to grow their influence in the market. Greenwich says that trends in electronic foreign exchange have been consistent over the past decade: increasing use, growing trading volumes and an expanding electronic share of the global FX pie.   Two of those […]

FXC Publishes Barrier Options Best Practice Document

The New York Foreign Exchange Committee, which operates under the auspices of the Federal Reserve Bank of New York, has published a paper that seeks to address the risk management benefits of additional life-cycle event processing for simple exotic options. Specifically, the FXC says the focus of the paper is the “added market value of […]

Tabb Research: SEFs Will Improve Market

Tabb Group has released a survey that concludes the introduction of swap execution facilities in derivatives trading will improve market conditions. Almost 70% of the 140 market participants that completed the survey suggest that the reduction of counterparty risk will ensure that the global swaps market will become more efficient. Respondents included asset managers, clearing […]

RBS Launches BlackBerry Strategy App

Following the recent spate of banks’ increasing interactivity and access channels across portable technologies, RBS has launched a market strategy app for its institutional clients using the BlackBerry PlayBook tablet. The strategy app facilitates access to information on the fixed income, commodity and currency markets. The launch follows the release of the FICC research app […]

TraderTools Launches Aggregation Service

TraderTools has partnered with Citi’s Prime Finance to offer LightFX, a fully-disclosed, relationship-based FX pricing and aggregation service. The hosted service is expected to go live halfway through the second quarter of 2011 and aims to provide customers with more cost-efficient alternatives to trading on ECNs. TraderTools says it will do this by charging lower […]

LCH.Clearnet Partners with Murex

LCH.Clearnet has implemented Murex’s capital markets platform, MX.3 into its interest rate swap (IRS) clearing service, SwapClear. The new system, adapted by LCH.Clearnet and Murex, provides enhanced risk management capacities and replaces a number of legacy systems, the firms claim, adding that 25,000 IRS trade slides per hour can now be processed, and a total […]

Gain Acquires dbFX

Gain Capital has acquired Deutsche Bank’s dbFX – the bank’s retail FX trading business. The agreement also includes the referral of retail FX clients from Deutsche Bank to Gain Capital in the two years following the close of the transaction. The acquisition includes a number of clauses which will see Gain make payments to Deutsche […]

BarCap Joins CLS Aggregation

Barclays Capital has become the ninth bank to join the CLS Group and Traiana joint venture, which provides trade aggregation services to OTC market.   Barclays Capital joins an initial group of eight banks as a CLS Aggregation Participant in CLS Aggregation Service (CLSAS), comprising Bank of America Merrill Lynch, Credit Suisse, Citibank, Deutsche Bank, […]

JPM Unveils Repo Matching Engine

JP Morgan Worldwide Securities Services has launched a repo trade matching engine to enhance the operating model of the US tri-party repo market, in support of the May 2010 recommendations of the tri-party repo Infrastructure Task Force sponsored by the Federal Reserve Bank of New York’s private sector Payments Risk Committee. The matching engine can […]

On the Move

Morgan Stanley, RBC, Citi, Integral, Saxobank… White Joins Morgan Stanley According to market sources, Adam White, has left Barclays Capital to join Morgan Stanley. White is said to have left his position as an FX structurer at BarCap to join the FX structuring team at Morgan Stanley in New York. Morgan Stanley were unable to […]