Month: June 2012

And Another Thing…

I flew from Tokyo to London earlier this week, it reminded me that I actually flew on the first ever non-stop flight between the two cities back in the late 1980s. I was, for some obscure reason that I cannot recall, travelling in first class, and I was the only passenger in that cabin who […]

Thomson Reuters Launches Psychological Analysis Service

Information and news giant Thomson Reuters has launched a psychological analysis tool that gauges market sentiment by analysing human emotion in news and social media in order to influence and support clients’ trading strategies. Thomson Reuters MarketPsych Indices (TRMIs) is designed to scour machine readable news and provide analysis on emotion and sentiment associated with […]

How to Comply with EU Regulation, Trade Association Style

A guide aimed at helping financial institutions come into compliance with a substantial and complex set of new European-wide regulatory standards is being developed by the Association of Private Client and Investment Managers, the European Federation of Energy Traders, the Futures and Options Association (FOA) and the Wholesale Market Brokers’ Association (WMBA).  The EU Regulation […]

MarketPrizm Launches FX Connectivity Service

MarketPrizm, a market data and trading infrastructure provider in the equities market, has launched a connectivity service for the foreign exchange market. PrizmFx will allow electronic FX traders to connect with multiple liquidity providers and trading platforms globally. Clients can simplify their access to a multitude of platforms, collocate close to each matching engine, and […]

JP Morgan Expands Rohrbaugh Role

Troy Rohrbaugh, the global head of foreign exchange at JP Morgan, has been promoted to become the bank’s global head of FX and rates, a spokesperson confirms. Rohrbaugh will relocate from London to New York to take on the new role. He will continue to report to Daniel Pinto, global head of fixed income and […]

Credit Suisse and FXCM to Launch FX ECN

Credit Suisse and FXCM are to launch a new electronic communication network (ECN) for foreign exchange trading called FastMatch, joining a growing number of FX trading platforms launching this summer. The companies say FastMatch will offer customers access to large pools of diversified liquidity at unparalleled speed. The liquidity will initially come from FXCM’s institutional […]

And Finally…

The spate of new platforms to the FX market may have settled the argument about ‘barriers to entry’ but it has also heightened the debate over ‘barriers to success’. The service sector of the foreign exchange market has never been a business in which one can rock up, pitch one’s tent and start making money. […]

Around the World

UK FSA probes into IRS sales. The UK’s parliamentary treasury select committee has asked the Financial Services Authority (FSA) to probe the sale of interest rate swaps, which many businesses bought from banks, fearing another case of mis-selling. With interest rates having been at historic lows for an extended period of time, thousands of small […]

Tech Corner

Icap has completed its takeover of Plus Stock Exchange, a strategic deal for the interdealer broker as it gears up to move into futures trading. The acquisition, which was opposed by a group of shareholders, was finalised on Thursday and will give Plus shareholders about £640,000. Plus exchange will be used by Icap as a […]

On the Move

Luff Departs RBC Dexia Paul Luff has left RBC Dexia Investor Services in London where he was director, portfolio solutions within Market Products and Services. He took on the position in September last year, reporting to Blair McPherson, head of portfolio solutions. Before joining RBC Dexia, Luff was at UBS, most recently serving as a […]