Month: August 2011

Gold Hits All Time High

Gold hit a new all-time high of $1,877 an ounce on Friday amid continued market turmoil. Gold prices rallied almost 3% on Friday as investors sought refuge from Thursday’s hefty losses in stocks. Gold is now on track for its biggest one-month rise in nearly 12 years in August after logging its biggest weekly gain […]

MCX Follows NSE with Currency Derivatives Charges

India’s MCX Stock Exchange has decided to levy a transaction charge for currency derivatives trades just days after the National Stock Exchange (NSE), India’s top stock exchange, announced charges for the segment. It is likely the United Stock Exchange will follow suit. Both MCX-SX and the USE welcomed the 12 August decision by the NSE […]

Thomson Reuters Extends Elektron to Provide Proximity Hosting for FX Players

Thomson Reuters says it will deliver an integrated suite of information and trading services to cater to the requirements of high frequency foreign exchange trading firms leveraging its Elektron hosting sites in London. The services include low latency connectivity to the Thomson Reuters Matching FX Spot markets and access to third party sources of FX […]

Tabb Research: Data Levels Could Rise by 400%

The implementation of over-the-counter derivatives market reform will cause data levels to surge as much as 400% above current levels, according to Tabb Group in new research published last week. The findings suggest that electronic trading, risk management, clearing and reporting and other Dodd-Frank Act and the European Market Infrastructure Regulation (EMIR) processes will produce […]

Greenwich Reports Rise in TCA Usage in FX and FI

A growing number of financial institutions are using transaction cost analysis (TCA) tools in their foreign exchange and fixed income operations, according to the latest report from Greenwich Associates. Originally adopted by institutional investors mainly as a tool for compliance, TCA is increasingly being integrated into the institutional investment process as a means of assessing […]

Gain Capital Offers Pricing Comparison Service

Gain Capital is now offering live comparison data demonstrating the accuracy of its pricing relative to the larger foreign exchange marketplace. The price information is now available at Forex.com, Gain’s retail division, and compares the midpoint for each of Forex.com’s most widely traded currency pairs to that of GTIS, an independent FX rate feed from […]

Interbank FX Launches Social Trading Platform

Retail broker Interbank FX has entered the social network fray with the launch of IBFXConnect. The site allows users to trade online, copy others’ trades and swap tips in a chat room, free of charge. “Everyday traders now have the opportunity to study the success of others; see what they’re trading; follow their trades and […]

On the Move

Henderson Joins State Street John Henderson has joined State Street Global Markets as vice president for foreign exchange, based in London. Henderson reports to Guy Kirby, senior vice president at State Street, and focuses on serving institutional investors with their foreign exchange trading portfolios. He was previously part of the institutional foreign exchange sales team […]

Financial Transaction Tax – a

German Chancellor Angela Merkel and French President Nicolas Sarkozy last Tuesday announced that they want to make a financial transaction tax a priority for Europe in a bid to raise revenues for the European Union. Plans for a Tobin-style tax on financial transactions are due to be presented at an EU meeting in September, following […]

Kiel Leaves Thomson Reuters

Richard Kiel has left Thomson Reuters where he was global head of post trade services. Kiel recently relocated back to the US after five years in London. “Now back in the US, Rich has decided this is a good time to move on after 13 years with the company,” a spokesperson tells Squawkbox. Following his […]