Month: September 2012

And Finally…

Sometimes it’s nice to get reassurance that you’re not alone in not getting something. As one who is used to the odd bit of (generally friendly) abuse – you should have heard most of the speakers at Forex Network Chicago last week – I don’t mind being told of my shortcomings, but I have genuinely […]

Tech Corner

MST Capital in Australia has selected TradingScreen’s execution management system, TradeSmart. The EMS will be used across FX, equities and derivatives markets, MST has also taken TradingScreen’s transaction costs analysis offering. RBC Investor Services has launched a derivatives platform to deliver middle and back-office services to listed and over-the-counter derivatives. The global platform will support […]

On the Move

Aldridge Exits Barclays? Market sources tell Profit & Loss that Steve Aldridge has left his role as director and head of BARX e-FX sales for the UK and Middle East. Aldridge is said to be heading to Credit Suisse in London to fill the head of e-FX sales role at that bank, however confirmation was […]

Traiana Adds BNPP. HSBC and RBS to FX Derivatives Clearing Initiative

Post-trade technology company Traiana has added three more clearing firms to its initiative to automate the processing of OTC foreign exchange derivatives with clearinghouses.  BNP Paribas, HSBC and Royal Bank of Scotland will use Traiana’s Harmony CCP Connect to manage the clearing process with their clients, counterparties and clearinghouses. They will also participate in Traiana’s […]

Banco Penta Signs with Calypso

Chile’s Banco Penta has licensed Calypso’s technology, enabling the bank to fully process interest rate derivatives front-to-back. It will use the software as the foundation for what it terms an aggressive expansion in the interest rate and currency derivatives business. The system will support the main local and international products, such as cross currency swaps […]

TMX Adds Trad-X

TMX Atrium has added Trad-X, Tradition’s hybrid trading platform for OTC derivatives product for (European) Interest Rate Swaps (IRS), to its offering. Connectivity to Trad-X is provided direct from TMX Atrium’s co-located facility in the Equinix LD4 data centre into the heart of the Trad-X matching engine. The reach of TMX Atrium’s single international connectivity […]

SmartTrade Adds to LiquidityFX

SmartTrade Technologies is set to launch several new components for LiquidityFX, its packaged FX e-commerce system. In addition to liquidity aggregation and smart order routing, the new system will include pricing, price distribution, an order management system, hedging and risk management. The new components will be available in December 2012, the firm says.? “As an […]

SuperD Enhances SDX

SuperDerivatives last week released an upgrade to its coverage of the target redemption family of structures on SDX, its independent front-office platform. In addition to already supporting regular target redemption forwards (tarfs), tarfs with knock out/in barriers, digital and pivot tarfs, SDX now allows the target within these structures to be defined on a per […]

GFI ForexMatch adds API Connectivity for Latin American NDFs and Forwards

GFI Group has added application programming interface connectivity to GFI ForexMatch for the trading of Latin American non-deliverable forwards, allowing customers to access and contribute to the platform’s liquidity. The interdealer-broker’s API facilitates real-time price quotations, trade execution and confirmations on the electronic trading platform for FX derivatives. Six Latin American NDFs and forwards are […]

Nomura Hires Global Head of Asian NDFs and FX Cash Trading

Stuart Oakley has joined Nomura as global head of Asian non-deliverable forwards and head of FX cash trading, Asia excluding-Japan. Based in Singapore, Oakley reports globally to Jai Rajpal, the recently appointed global head of FX, and regionally to Rig Karkhanis, head of fixed income, Asia ex-Japan. Profit & Loss originally reported the move during the […]

Profit & Loss is no longer publishing

Thank you for 21 great years of support