Month: December 2011

And Finally…

The spirit of the festive season has got the better of me, so rather than sharing with you a rant about a retail FX platform that kept on badgering me to take its services (they stopped communicating when I responded by asking who regulated them), I thought I would instead show you all why I […]

Around the World

Investment firm TPG Capital has acquired 30% of Saxo Bank’s shares from existing investors including General Atlantic and Banco Espirito Santo. General Atlantic and Banco Espirito Santo invested in Saxo Bank in 2005 and 2008, respectively. Banco Espirito Santo will continue to build its commercial cooperation with Saxo Bank. The founders of Saxo Bank, Kim […]

On the Move

TwoFour, CBOE Futures Exchange, Sumerian, TD… TwoFour Hires Hillier-Brook to Establish London Consultancy Ian Hillier-Brook, the former managing director of WDX Organisation, is joining TwoFour to establish its consultancy business in London, he tells Squawkbox. He will start on 3 January and report to Dave Clark, TwoFour’s managing director for Europe, Middle East and Africa. […]

TwoFour and MarkitServ Partner for FX Post-Trade Services

TwoFour, a provider of software and consultancy services, has partnered with Logicscope – recently acquired by MarkitServ – to create an interface that delivers enhanced FX post-trade services to mutual clients. The partnership enables MarkitServ TradeSTP, the post trade technology platform developed by Logicscope, to consolidate, transform and route normalised trade messages seamlessly to TwoFour […]

Boston Technologies Offers Hotspot FX Access

Boston Technologies is now offering clients access to the Hotspot FX anonymous ECN, as well as the company’s FX technology services and suite of products. The service is aimed at retail forex brokerages, small to medium size hedge funds and other institutional FX market participants. The addition of Hotspot brings institutional quality liquidity to market […]

RBA Documents Evolution of FX Intervention

The Reserve Bank of Australia has released a working paper as part of its Quarterly Bulletin which uses new data sets on the central bank’s intervention in the foreign exchange markets. The paper provides an overview of how the RBA has intervened in markets since the Australian dollar floated in 1983 and introduces data that […]

ING Closes Currency Trading Desk in New York

ING is closing its currency and credit trading desks in New York and Mexico City. The desks will move to London, while developed market currency trading will move to Amsterdam, a spokesperson tells Squawkbox. The spokesperson says fewer than 40 jobs will be cut in the Americas. A few employees will continue to work on […]

BARX Developers to Launch MahiFX

MahiFX, the New Zealand-based retail trading platform developed by members of the team behind Barclays Capital’s BARX platform, is preparing to launch in early 2012. MahiFX, founded by David Cooney, the former global co-head of BARX and FX options, and Susan Cooney, who headed up a team to expand Barclays Capital’s institutional e-FX sales efforts, […]

RBC Dexia Unveils Global Market Products and Services Business Model

Morgan McDonnell, previously global head of foreign exchange at RBC Dexia Investor Services, has taken on an expanded role as head of global FX, cash and credit markets. The promotion was announced as RBC Dexia Investor Services unveiled a new global Market Products and Services (MPS) business model, which will offer clients access to multiple […]

FCStone Adds Former MF Global Staff to FX Team

US-based broker FCStone has added three former employees of FXClear, a division of MF Global, to its foreign exchange business. Eric Hummel has joined FCStone in Chicago as the North American head of e-FX, reporting to Edgar Ramon, global head of FX. At MF Global, Hummel managed the development and liquidity source relationships for the […]