Month: September 2012

Tech Corner

Retail FX broker FXCM has launched a venture capital unit called FXCM Ventures. The new arm plans to make seed and early stage investments in electronic trading technology startups that will provide above-average, long term financial returns and strategic growth opportunities for FXCM. The company’s focus is primarily on technology companies with innovative products for […]

On the Move

Farrell and Scott Leave FXecosystem John Farrell and Ian Scott have left FXecosystem where they were global head of sales and sales director, EMEA, respectively. Farrell joined FXecosystem in February 2010 having previously worked in FX e-sales at Hotspot FX and Currenex. Scott joined in January this year, reporting to Farrell. Their current plans are […]

MahiFX Enhances Trading Platform

MahiFX has released a suite of enhancements and trading resources to its proprietary-built online foreign exchange trading platform. In addition to a Book View, forex traders can now deploy a streamlined Trade View that allows for the simultaneous trading and viewing of multiple currency pairs. New functionality also enables same-screen viewing and direct editing of […]

Corvil Launches FX Monitoring Service in Asia

Corvil, a provider of trade monitoring and latency management systems, has launched a service aimed at the foreign exchange markets in Asia. Corvil is collaborating with BT to offer a latency and network performance monitoring service to clients operating in key financial market hubs in Asia including Hong Kong, Seoul, Singapore, Sydney and Tokyo. Jerry […]

Saxo Bank Opens Warsaw Office

Saxo Bank has opened an office in Warsaw, managed by Maciej J?drzejak, head of Saxo Bank Poland. The office will provide Polish investors with access to multiple asset classes and international financial markets through its online platforms. J?drzejak joined Saxo Bank in December 2011. Prior to that he worked for Polbank EFG as head of […]

Solid Trading Picks TNS for Connectivity to FX Markets

Solid Trading, provider of foreign exchange electronic communication network Solid FX, is now using Transaction Network Services as its primary connectivity provider to access European and US FX markets. The TNS network will help Dutch-based Solid Trading to address the complex trade-order management requirements of high-volume, high-frequency activities of FX trading and connects to some […]

ESMA to Release Technical Standards This Week

The European Securities and Markets Authority (Esma) is preparing to publish its draft technical standards at the end of this week, bringing in the European Market Infrastructure Regulation (Emir) rules for over-the-counter derivatives, central counterparties and trade repositories. The announcement of the draft technical standards comes as the 30 September deadline approaches and follows the […]

CFTC Approves DTCC US Swap Data Repository

The US Commodity Futures Trading Commission has provisionally approved the Depository Trust & Clearing Corp.’s application to create and operate a multi-asset class swap data repository (SDR) in the US. Under CFTC rules, the process of reporting trades in credit and interest rate derivatives to an SDR is scheduled to begin on 12 October 2012. […]

CME to Launch Deliverable Interest Rate Swap Futures

CME Group will launch deliverable interest rate swap futures contracts on 13 November, complementing its interest rate futures and options business and its cleared over-the-counter interest rate swap service. Citi, Credit Suisse, Goldman Sachs and Morgan Stanley are among the firms who are planning to serve as market makers for the product, allowing market participants […]

CTAs Suffer in August

Managed Futures lost 0.33% in August according to the Barclay CTA Index compiled by BarclayHedge, largely due to losses by currency and bond traders. The Index remains up 1.34% year to date. “Continuation of the three-month uptrends in equity and commodity markets generated profits for many traders, but not enough to overcome the losses caused […]