Month: July 2011

Thomson Reuters’ Markets Head to Leave

Devin Wenig, the chief executive officer of Thomson Reuters’ largest business segment, the Markets division, has decided to leave the company in a surprise shake-up intended to accelerate growth in the financial information business. Wenig has managed Thomson Reuters’ $7.5 billion Markets division since Thomson Corp’s 2008 takeover of Reuters. During that time he has […]

Lloyds Bank Hires Chatterton for e-Commerce

Lloyds Bank Corporate Markets has appointed Richard Chatterton as e-commerce product manager as it prepares to launch its e-FX trading platform, Arena, in September. Chatterton joins the bank in London from Thomson Reuters where he launched and managed Reuters Trading for FX (RTFX), an FX liquidity aggregator and trading platform. He reports to Lucian Lauerman, […]

DealHub Appoints Leaver as COO

Option Computers’ DealHub has strengthened its management team with the appointment of Chris Leaver, the former global head of marketing and business execution at Thomson Reuters, as its new chief operating officer. Based in DealHub’s London headquarters, Leaver reports to managing director Peter Kriskinans. In the newly created position he is responsible for finance, sales, […]

Tradition

Interdealer broker Compagnie Financiere Tradition says its hybrid trading platform for over-the-counter derivatives, Trad-X, has matched ?approximately 1900 orders in euro interest rate swaps with a notional value traded of over €112 billion since its launch on 19 May 2011.? Tradition has become the latest trading firm to move to profit from regulatory changes by […]

Gold-i Adds Multi-MAM to MetaTrader4

Gold-I, the UK supplier of the MetaTrader retail FX trading platform, has upgraded its Multiple Allocation Manager (MAM) with the launch of the Gold-i Multi-MAM, a new addition to MetaTrader4. Multi-MAM allocates trades from any number of master accounts to any number of sub-accounts, in real-time automatically. The Gold-i Multi-MAM works entirely in the MetaTrader […]

On the Move

CLS, Currenex, Bank of America Merrill Lynch, National Futures Association, BGC Partners, TwoFour… Largey to Leave CLS to Pursue Other Interests Marianne Largey has left CLS where she is a relationship manager in the Americas to pursue interests outside the industry. Largey joined the settlement system provider in New York earlier this year (Squawkbox, 8 […]

Tech Corner

A round up of the latest technology news… Hotspot FX says volume on its ECN platform in June continued the strong performance experienced in May with volumes just below May’s record levels. Average daily volume was $66.6 billion, 1.7% lower than in May and 78.9% higher than in June 2010. Total volume was $1.46 trillion. Unlike other […]

Around the World

Alpari (UK) Scores; FX volume on the rise in Korea; Another scammer caught. The P&L editor’s favourite football team will now be sponsored by a global currency trading firm. Alpari (UK) has signed a three-year sponsorship contract with English Championship league football team West Ham United. As part of the partnership agreement, the West Stand […]

And Finally…

I am about to take a (barely-deserved) holiday, swapping the freezing cold of a Sydney winter (average temperature 18 degrees) for the heat of a UK summer (average temperature 18 degrees). Unless one of my colleagues fills this space with sensible comment (as opposed to my nonsense), And Finally… and And Another Thing… will return […]

Global FX Volumes Rise in April 2011

The latest round of semi-annual foreign exchange reports from the world’s central bank FX committees shows that turnover continues on an upward path with London maintaining its status as the world’s largest FX trading centre. Foreign exchange turnover in the UK grew by 23% in the six months to April, taking the daily average to […]