Month: February 2013

Pine River Selects FlexTrade’s Trading System

Global asset management company, Pine River Capital Management, has deployed multi-asset execution and order management systems provider, FlexTrade’s execution system, FlexTrader EMS. The offering is an execution management system for trading individual securities or portfolios in equities, foreign exchange, equity options, futures and fixed income. FlexTrader provides customisable cross-asset trading strategies, global access to broker […]

FX Solutions Exits US Retail Market

FX Solutions has become the latest retail FX broker to exit the US market. The firm has reached an agreement with Gain Capital for the latter to acquire its US-based retail customer accounts. The transfer of FX Solution’s US customers will take place this Friday (1 March) after the close of trading. Financial terms of […]

Sucden Expands FX Liquidity with Currenex

Sucden Financial has upgraded its technology options for foreign exchange and bullion clients by adding Currenex to its suite of connectivity services. Institutional clients can now trade FX and bullion via Currenex’s API and front-end trading systems, as well as offering the company’s front-end trading platforms to customers. Jonathan Brewer, head of e-FX business development […]

LeapRate Records 18% Rise in Retail FX Volume in January

LeapRate’s Retail FX Volumes Index, a monthly measure of global trading activity in the retail foreign exchange sector, has recorded an 18% spike in January volumes from December’s levels, reaching $201 billion per day. The metrics for the month is the highest since August 2011, and represents one of the busiest trading months for retail […]

FIX Protocol Publishes Trading Practice Guidelines

Non-profit industry standards organisation for electronic trading and messaging, Fix Protocol Ltd (FLP), has developed a set of recommended best practices and implementation guidelines for the electronic trading of bonds. According to the body, the series of recommendations will enable bond market participants to benefit from, “cost effective and efficient connectivity to the growing number […]

Allmark Departs Thomson Reuters

Paul Allmark has left his role a head of Marketplaces for Europe at Thomson Reuters in London. Allmark took on the role in October 2011 amid a restructure at the business and the creation of the Marketplaces group (Squawkbox 24 October 2011). Before this he was global head of electronic trading at the company for […]

TriOptima Eliminates Record JPY271.6 Trillion in IRS from SwapClear

Icap’s OTC derivatives post-trade risk management provider, TriOptima, has eliminated a record JPY271.6 trillion in cleared interest rate swap (IRS) notional principle outstandings from LCH.Clearnet’s SwapClear service. The new record is the largest ever triReduce compression cycle in JPY IRS. Since TriOptima began offering its triReduce early termination service in JPY in 2004 almost JPY1600 […]

Icap Launches i-Swap in the US

Interdealer broker, Icap, has launched its electronic interest rate derivative platform, i-Swap, in the US for trading US dollar interest rate swaps (IRS). Launched on Friday 15 February, the platform is already being supported by Barclays, Bank of American Merrill Lynch, Citi, Deutsche Bank and JP Morgan with the provision of streaming prices. Launched in […]

Kos Joins CLS Group

Dino Kos has joined CLS Group in New York as head of global regulatory affairs. He begins in the new role today (25 February) and reports to chief executive officer of CLS, David Puth. Kos will also join the executive management committee. Kos has more than 25 years’ in the industry and joins from Hamiltonian […]

CME Decries CFTC Court Move

CME Group has reacted angrily to a move by the US Commodity Futures Trading Commission (CFTC) which last week filed an enforcement action against the group’s New York Mercantile Exchange (NYMEX) and two former employees accusing them of violating the Commodity Exchange Act (CEA) and CFTC rules through the disclosure of non-public customer information to […]