Month: June 2012

Tullett Prebon Information Partners with Dion Global Solutions

Tullett Prebon Information has partnered with software and information services provider, Dion Global Solutions, to supply financial data across a range of products. The agreement will give Dion’s clients access to financial data on foreign exchange, money market, interest rates, non-deliverable forwards, FX options and bonds for multiple currencies. Clients will access the data though […]

Nasdaq OMX to Launch Interest Rate Derivatives Platform

US equity exchange operator Nasdaq OMX is preparing to launch an interest rate derivatives trading platform in London in the first quarter of 2013, competing directly with NYSE Euronext and Deutsche Boerse. The New York-based company, which operates seven Nordic and Baltic exchanges,  says the new platform, NLX, will be registered as a multilateral trading […]

Hong Kong Exchange Wins LME Bid

The Hong Kong Exchanges and Clearing Ltd. has beaten competition from at least three other exchanges for the purchase of the London Metal Exchange (LME) for £1.39 billion. The deal is seen as a way for LME to expand into China, the world’s largest buyer of metals. The LME wants to expand its warehouse network […]

Barings Asset Management to Launch EM Debt Fund

Barings Asset Management is set to launch the Emerging Markets Corporate Debt Fund, in order to hedge dollar exposure into emerging markets currencies. The fund is awaiting approval from regulators and will aim to maximise returns, such as income, capital appreciation and through the use of a currency overlay, by investing in emerging market corporate […]

NFA Hits FX Firm

The National Futures Association in the US has hit an FX firm with an enforcement action. NFA took an emergency enforcement action against Altamont Global Partners and its principal and associated person, John G. Wilkins. AGP is a commodity pool operator NFA Member and forex firm located in Longwood, Florida and operates the Matterhorn Fund […]

Omgeo Launches Extended Collateral Management Functionality

Post-trade company Omgeo has released a new version of ProtoColl, its automated collateral management tool that will help clients prepare operations ahead of the introduction of new regulatory requirements. The new version – 7.5 – has been updated to allow clients to better manage their collateral and risk management capabilities and address challenges surrounding the […]

TradingScreen Partners with Zeno for FX TCA

Trading technology company TradingScreen has partnered with Zeno Consulting Group, an independent trade cost analysis consultant, to provide a foreign exchange transactional cost analysis service. TradingScreen will combine its FX TCA tools with Zeno’s consulting services to help investment officers, compliance managers and risk managers carry out due diligence and examine their fund managers’ and […]

New Head of Markets Group at New York Fed

The Federal Reserve Bank of New York has appointed Simon Potter, co-head of the research and statistics group, as the new head of the markets group. The Federal Open Market Committee (FOMC) also selected Potter as manager of the System Open Market Account (Soma). He will assume both roles on 30 June, succeeding Brian Sack […]

Barclays Launches E-Trading of IRS in MENA Currencies

Barclays has launched electronic execution of interest rate swaps in multiple Middle East and North Africa (MENA) currencies. Accessible through Barclays’ electronic trading platform BARX – via Bloomberg (shortcode MENA) – clients can either click and trade or request quotes for larger trades in the UAE dirhams and Saudi riyals, ranging from one to ten […]

FXall Lauches Order Routing Functionality

FXall last week went live with new functionality to allow clients to utilise bank algorithms and send resting order requests to a number of selected banks for them to manage. The new functionality enables clients to access a wider variety of execution methods, including bank algorithmic order types through a single FXall trading interface and […]