Month: November 2012

Bats Global Markets Considers FX Foray

Lenexa, Kansas-based stock exchange operator, Bats Global Markets, is considering a foray into the foreign exchange arena following requests from clients, according to exchange officials. The company, which offers trading in US and European cash equities, US listed equity options and exchange traded funds, says FX has been targeted as a potential new market for […]

Daniel Stewart & Co to Launch FX Fund

Broker and wealth manager Daniel Stewart & Co., is launching a foreign exchange fund, the Daniel Stewart Mercury Forex Currency Fund. The fund will be open to institutional and expert investors, says the company. Scheduled for launch at the beginning of 2013, the fund will be managed by Swiss asset management firm, Mercury Forex. Mercury […]

Russell Investments Launches Local Currency EM Debt Fund

Global asset manager Russell Investments has launched a local currency emerging market debt fund to be run on a two-manager structure by Stone Harbor Investment Partners and Pictet Asset Management. Russell Investments says the Dublin-domiciled Emerging Market Debt Local Currency Fund gives investors access to local currency emerging market debt, a significant growth area, and […]

RTS and Squared Financial Offer Spot FX and Precious Metals Trading

Squared Financial Services, a broker offering ECN-style trading, and technology company RTS Realtime Systems (RTS) have gone live with an algorithmic trading service for spot foreign exchange and precious metals. Squared Financial is a provider of over-the-counter spot FX and metals markets including gold bullion, while RTS offers connectivity across asset classes to more than […]

Jyske Bank to Launch Single Dealer Platform

Denmark’s Jyske Bank has partnered with Caplin Systems and Progress Software to develop a new single dealer foreign exchange trading platform. The FX platform will replace Jyske’s white label e-commerce platform and extends the bank’s deployment of the Progress Apama Capital Markets Platform for FX liquidity aggregation and smart order routing. Slated to go live […]

FX Options Clearing Won’t Happen Until 2015: Survey

Half of attendees surveyed at Bloomberg’s recent New York FX12 Summit believe that foreign exchange options will not be centrally cleared and available for trading over a swap execution facility until 2015 or beyond. Rather surprisingly, 19% believe it will never happen, while just 7% think FX options will be centrally cleared and available for […]

CFTC Approves CME Group Swap Data Repository

The US Commodity Futures Trading Commission has provisionally granted CME Group approval to run a data warehouse, or swap data repository (SDR), for foreign exchange, interest rate swaps, credit default swaps and commodities.  CME is the third company to be granted permission to register as an official data repository after the Depository Trust and Clearing […]

Two Depart From RBS?

Roger Hawes and Stuart Crooks have left their London-based FX e-commerce roles at the Royal Bank of Scotland, according to market sources. Hawes was with RBS – and NatWest before RBS acquired it – for 15 years, having joined as deputy head of spot FX from Swiss Bank Corp. He was most recently head of […]

Campbell & Co. Names New CEO and President

Campbell & Co., has appointed William Andrews as its chief executive officer and Michael Harris as president. The appointments came into effect earlier this month following the departure of Steve Roussin as president and CEO. Roussin stepped down to relocate and spend more time with his family, the investment firm says. Andrews has been with […]

Deutsche Bank Promotes Amrolia, Felson to Co-Heads of New FIC Group

Deutsche Bank has promoted Zar Amrolia to co-head of a newly created fixed income and currencies (FIC) group, a position he now holds in addition to his recent role as head of markets electronic trading. Amrolia will co-manage the new group – a merger between the global finance and foreign exchange (GFFX) and rates and […]