Month: September 2011

Lloyds Launches Arena Trading Platform

Lloyds Bank Corporate Markets has launched Arena, its new foreign exchange e-trading platform. Arena combines live market news, interactive charting, risk analytics tools and proprietary economic research with a customisable interface. Initially Arena will offer execution for FX trading in over 50 currencies and access to money market deposits in 19 currencies. Customers will be […]

BMO Capital Markets Hires Two

BMO Capital Markets has strengthened its foreign exchange business with the hires of Steve Santa-Maria and Robert Brichkowski. The investment banking unit of Bank of Montreal says Santa-Maria has re-joined as a managing director, responsible for expanding the firm’s institutional business. Brichkowski joins as a managing director and is responsible for expanding the firm’s US […]

Merk Launches Fourth Mutual Fund

Merk Investments, which manages three foreign exchange mutual funds with $860 million in assets, has launched a US equity fund that uses currency positions to maximise returns. The Merk Currency Enhanced US Equity Fund seeks to outperform the S&P 500 Index by managing the US dollar and other currency exposures inherent in US equity investments. […]

BGC Partners Charity Day Raises $12 Million

Cantor Fitzgerald and its affiliate BGC Partners raised $12 million globally at their Annual Charity Day on Monday 12 September, boosted by a record 18 billion euro deal conducted on the phone by Prince Harry in London. All revenues made on the day are being donated to more than 75 charities globally. The charity day, […]

Caplin Launches Refiner for Single Dealer Platforms

Technology company Caplin Systems has launched the Caplin Refiner to support single-dealer platforms. Caplin Refiner allows banks to filter and sort a huge list of dynamically changing instrument prices in asset classes such as fixed income before displaying a subset of the list to the user. “Single-dealer platforms already represent the largest channel to market […]

Record Month for Hotspot FX

Knight Capital’s Hotspot FX has recorded a 103% year-on-year rise in volume for August. As with many other FX trading firms, August 4 was a busy day for Hotspot – its fourth highest volume day on record. Also, five of the firm’s busiest twenty days ever were achieved in August, a record amount for a […]

NFA Bars Gray from Membership

The Appeals Committee of the National Futures Association (NFA) has permanently barred former principle of Forex Liquidity, Robert F. Gray, from NFA membership. The NFA’s hearing panel found that Gray had failed to cooperate with.the NFA and had provided it with false and misleading information in its investigation of Forex Liquidity’s operations. Gray had also […]

Hillier-Brook Re-Joins WDX Organisation as its New MD

Ian Hillier-Brook has re-emerged at WDX Organisation, the company that created the wocu (world currency unit), as its new managing director.   He replaces Michael King, the founder of WDX, who recently stepped down from the role. Hillier-Brook was a director and consultant at WDX until May 2010. After that he worked as managing director […]

Cloud Trading Technologies offers Real Time Risk Service on Microsoft Cloud

Cloud Trading Technologies has extended its Cloud FX product suite to deliver real-time risk management on the Microsoft Windows Azure cloud platform. Cloud FX Risk is a centralised platform that provides real-time risk management of client portfolios and control of a financial institution’s exposure over multiple asset classes and complex risk scenarios. “Real-time risk management […]

FIXI to Launch Direct and Wholesale FX Options Trading Services

Foreign exchange broker FIXI has launched options trading capabilities for its clients on a direct access basis, complementing its existing range of liquidity and technology products that are available for brokers who want to offer FX options trading. The London-based company says its wholesale offering will enable brokers/clients globally to offer FX options trading by […]