Day: 1 July 2012

On the Move

Royal Bank of Scotland, BNP Paribas, Getco, CME Group, Tradermade, Tullett Prebon, Federal Reserve Bank of New York… Oakley Departs from RBS Stuart Oakley has left the Royal Bank of Scotland in Singapore where he was managing director and head of emerging markets foreign exchange for Asia, a spokesperson for the bank confirms. His plans are […]

Nectar Capital Trades its Fifth Asset Class on TradingScreen

London-based asset management company Nectar Capital has started trading its fifth asset class on TradingScreen’s TradeSmart execution management system. Through its hedge fund product called the Nectar Global Alpha Fund, the company is now using TradingScreen’s TradeSmart to trade equities, foreign exchange, fixed income, futures and options. Speaking to Squawkbox on the sidelines of the […]

Tackling Infrastructure Challenges a Priority for Online FX Platform Providers

Challenges presented by distance, network strength and firewalls remain an intrinsic part of troubleshooting efforts and capabilities for online foreign exchange platform providers. “One of the biggest infrastructure challenges we face for servicing emerging markets is the distance between us and our markets and clients. We have good infrastructure in place in Copenhagen but connectivity […]

Gain Capital to Acquire Open E Cry

Gain Capital Holdings has entered into an agreement with optionsXpress Holdings, a subsidiary of The Charles Schwab Corporation, to acquire the online futures broker, Open E Cry (OEC). The transaction is expected to be completed during the third quarter of the year and accretive in full year 2012. OEC will operate as a separate brand […]

Dubai Exchange to Upgrade Derivatives Marketplace with Cinnober

The Dubai Gold and Commodities Exchange (DGCX) has selected Cinnober Financial Technology to provide it with new exchange infrastructure to enhance its derivatives trading marketplace to attract high-frequency traders. DGCX, whose best performing sector is currency futures, will take trading, clearing and surveillance technology from Cinnober as it upgrades from a platform provided by Financial […]

MahiFX Launches Infographic on Top Trader Styles

MahiFX, a proprietary-built retail FX trading platform, has released a new tool that examines the seven key trading strategies employed by foreign exchange traders: Position, Technical, Day, Trend, Carry, Scalping and Mean Reversion. Titled “What Forex Trading Style Suits You?” the new infographic examines the differing strategies employed by famous traders ranging from Warren Buffet […]

Parker FX Index Up 0.47% in May

Global currency funds reported gains in May as turmoil in Europe continued, according to the Parker FX Index report from fund of hedge funds manager Parker Global Strategies. The index reported a 0.47% return in May with 31 out of 51 programs reporting positive results. The median return for the month was 0.84% while the […]

Alpari (UK) Reshuffles Management to Pave Way for IPO

Alpari (UK) has made changes to its senior management line up as Andrey Vedikhin, the co-founder of the Alpari companies worldwide, moves from his role as CEO of Alpari (UK) to chairman of the company. Vedikhin will focus on strategic development of the Alpari companies in the new role. He says, “Our ambition for Alpari […]

Dow Jones and FXCM Partner to Launch Yen Index

Dow Jones Indexes and FXCM have partnered to launch the Dow Jones FXCM Yen Index. The new index measures changes in the value of the Japanese yen against a basket of four of the most-transacted currencies against the yen: the US dollar, the euro, the Australian dollar and the New Zealand dollar. “The Japanese foreign […]

ESMA Launches EMIR Consultation

The European Securities and Markets Authority (ESMA) has launched a consultation process on its technical standards for regulating over-the-counter derivatives, central counterparties and trade repositories (EMIR). ESMA will hold a public hearing on 12 July in Paris and the consultation period will close on 5 August. It will then submit final draft standards to the European […]

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