Month: May 2011

SmartTrade Connects to CME Group

SmartTrade Technologies is now certified to CME Group for FX futures through its SmartTrade Technology LiquidityConnect product. The cross-asset liquidity management firm states that the addition of FX futures from CME Group will directly benefit its clients as they will be able to access and trade on the liquidity provided by CME’s FX futures product […]

Brazil Link for AIMA

The Alternative Investment Management Association (AIMA) has launched an initiative to engage with the Brazilian hedge fund industry and announced the appointment of a local representative, Michelle Noyes of BRZ Investimentos. Andrew Baker, AIMA’s CEO, says, “The maturity and sophistication of the Brazilian hedge fund industry has been noted internationally, and what is clear is […]

More Scrutiny for State Street

The furore over alleged mis-pricing of FX execution by State Street shows little sign of abating with news that the bank is being investigated by Massachusetts’ chief securities regulator over its handling of FX transactions. State Street is already facing legal action from two other states over the issue. Massachusett’s Secretary of the Commonwealth William […]

Hong Kong Mercantile Exchange Now ATS Provider

The Hong Kong Mercantile Exchange (HKME) has received authorisation from the Securities and Futures Commission to operate as an automated services (ATS) provider from its launch on May 18, 2011. By functioning as an ATS provider, HKME can, through its member firms, offer market participants its electronic platform to trade commodities. Trading will begin with […]

Android App from Gain

Gain Capital has launched an application for Android mobile devices, ForexTrader. The free, English-language app, can be downloaded from the Android marketplace, and includes full trading capabilities, news, charts and research. The online trading services provider, which specialises in FX and contracts for difference (CFD), launched its iPhone app in 2010. Samantha Roady, chief marketing […]

On the Move

HSBC, CIBC and SocGen… HSBC Suffers Departures? HSBC has suffered further losses to its FX business. Market sources report that Simon Manwaring, global head of FX options trading, has departed to join Santander in the same role. Mike Killen, who was made global head of exotic trading, FX and precious metals derivatives in February this […]

Tech Corner

A round up of the latest technology news… ANZ has rolled out First Derivatives’ Delta Stream market data across its e-FX business. Powered by kdb+ database, developed by Kx Systems, Delta Stream has been deployed in ANZ’s Melbourne and Sydney trading locations, with remote access available through a web-browser to access and chart the results.

And Finally…

An Englishman, a Scot and an Australian sat down to watch the Royal Wedding…sounds like the start of a joke only for me it wasn’t funny. How I managed to be forced, against my will, to sit through the aforementioned ceremony is beyond me, especially when my viewing companions were, respectively, a Scottish Nationalist and […]