Month: April 2011

Sub-Millisecond Access to BM&F Bovespa, Says QuantHouse

Systematic trading technology support firm, QuantHouse, has made its BM&F Bovespa feed handler available, which will facilitate sub-millisecond access to the Brazilian exchange for algo trading firms. The new feed handler leverages QuantFeed low latency market data technology: in-exchange co-location, programmed in C++ with a multi-threaded design and running on Linux 64bits with an optimised […]

Citi Launches OTC Derivatives Service

Citi’s Global Transaction Services business has launched an OTC derivatives service that consolidates the post-trade execution process, with the aim of simplifying the procedure for clients. The system provides access to middle and back office services from a single platform, including confirmation, settlement, valuation services, collateral management, margin management, as well as access to Citi’s […]

On the Move

ANZ, BMO, BNP, TwoFour, and CIBC… Chauval Exits ANZ? Market sources tell Squawkbox that Jason Chauval has left ANZ in Melbourne where he was a senior e-FX product manager. The sources say that Chauval, who has played a senior role in building ANZ’s electronic trading capabilities, is heading to Commerz in Singapore in a senior […]

Tech Corner

The latest technology news… Panopticon and Kx have teamed up to create a new interface for financial institutions to use when analysing data, in order to help firms see trends and patterns in the market quicker. The firms state that users will be able to process and analyse information quicker with the technology. Features such […]

And Finally…

As someone who grew up with – and still adheres to – the “what goes on tour stays on tour” ethos, I have no particular problem with certain events that have apparently been happening “off piste” in our industry. As the subject was quite high on everyone’s agenda last week in London, I very quickly […]

Credit Suisse Suffers AES Departures

Credit Suisse’s FX Advanced Execution Services (AES) business has been decimated by three departures in a week according to market sources. The sources say that Ben Weinberg, vice president, senior sales, AES FX, left the bank last week to join Goldman Sachs in London in an e-FX sales role. Just days after his departure, David […]

And Another Thing…

You can imagine my excitement as I opened the email, “new FX platform offering from established players”. Was this the reincarnation of Pure FX? Were the drivers of that project going public? Was the whole charade going to start again? Actually no it wasn’t, it was a press release from two “established players” that I […]

BarCap and Citi Triumph in Digital FX Awards

Profit & Loss unveiled the 2011 Digital FX Awards at a dinner and ceremony last Thursday, with Barclays Capital winning the Best Overall Platform award for BARX, the fourth time it has won the top category. The bank left the evening with four awards, including Best Multi-Product Platform and Best Rates Platform. Ten years on […]

Industry Unveils OTC Derivatives Roadmap

Leading participants in the OTC derivatives industry, forming the OTC Derivatives Supervisors Group (ODSG), has delivered a strategic roadmap to the Federal Reserve Bank of New York aimed at supporting ongoing collaborative efforts to bring improvements and risk reduction to global over-the-counter (OTC) derivatives markets. The efforts started in 2005 with the formation of ODSG. […]

Bank Tokyo-Mitsubishi Joins AFME FX Division

Bank Tokyo-Mitsubishi UFJ has become a member of the Global FX Division of industry lobby group, Association for Financial Markets in Europe (AFME). This brings the Division’s membership to 22 foreign exchange market participants, representing over 85% of the FX market. Bank Tokyo-Mitsubishi UFJ will be represented on the Global FX Division board by Akira […]