Month: November 2012

And Another Thing…

The multi-dealer space just gets messier and messier, not in terms of the quality of product out there, but in terms of disentangling who is doing what. No longer can platforms be categorised, especially in the wake of EBS’s announcement of disclosed liquidity. In many ways this is a natural progression for EBS, especially if […]

Newscape Launches Currency Fund

Newscape Capital Group, a London based investment company, has launched its third specialist UCITS fund, its second launch in as many months. The Newscape Dynamic Rates and Currency Fund will target an annualised return of 12-15% with annualised volatility expected to be around 10%. The fund will invest in the currencies and interest rates of […]

ISDA Warns on Impact of Margin on Non-Cleared Swaps

The International Swaps and Derivatives Association (ISDA) has published an analysis of initial margin (IM) requirements for non-centrally cleared OTC derivatives under current regulatory proposals.  International rules governing margin requirements for OTC derivatives and the resolution of issues related to the cross-border application of derivatives rules are two of the most important matters facing global […]

EBS to Launch Disclosed Liquidity Platform

Icap’s EBS is launching a new platform that will provide relationship-based disclosed liquidity as it seeks to attract new customer segments to its market. Called EBS Direct, the platform will launch in December and will be available initially to EBS’s bank clients, although the company says it will eventually roll out the service to any […]

And Finally…

I’ll get the two product placements out of the way early – I read the New York Times every day on my iPad because I happen to believe it is by far the best newspaper in the world. Last week though, it fell into a frequent trap that so many do and got it very […]

Around the World

South Korea has proposed to adopt a so-called Tobin tax in a bid to reduce extreme volatilities in the foreign exchange market, according to local media reports. A total of 26 legislators, including 24 Democratic United Party lawmakers and 2 minor progressive party members, proposed a bill to introduce the tax that will levy a […]

Tech Corner

FX Solutions, a retail foreign exchange dealer and part of the City Index group of companies, has launched capped variable pricing for its US customers. The new pricing is available on FX Solutions’ MetaTrader4and GTS trading platforms across 28 currency pairs. Customers can trade on spreads as low as 0.8 pips on EUR/USD and 1 […]

On the Move

Cohen Trades State Street for UniCredit Richie Cohen has left his FX hedge fund sales role at State Street to join UniCredit’s FX sales team in London. He will report to David Rosenberg, head of FX sales, a spokesperson confirms. Cohen was an associate in FX hedge fund sales at State Street Global Markets in […]

PFSoft Adds LMAX Exchange Liquidity to FX Broker Service

PFSoft has integrated LMAX Exchange institutional liquidity into Protrader 2, its white label offering for foreign exchange brokers. Protrader 2 is a ready to trade, out of the box service that includes hosting, administration and technical support. LMAX delivers direct access to market liquidity and spreads set by top tier banks and institutional market makers. […]

LeapRate’s Retail FX Volume Down Slightly for October

LeapRate’s Retail FX Volume Index, a monthly measure of global trading activity in the retail foreign exchange sector, was fairly flat in October, falling 1% to $177 billion per day. The results follow a 7% rise in September to $179 billion per day. October marks the fourth consecutive month where volumes remained well below last […]