Day: 23 June 2013

And Finally…

Sadly, it’s time to see if the Lambert algo still works. Some months ago, around the end of January if I am not mistaken, I wrote a column that some took as tongue in cheek but was from the heart. It involved the closing of my favourite watering hole in London and was written with […]

Tech Corner

Financial infrastructure services provider, TMX Atrium, has connected to Raptor Trading, a multi-asset electronic trading and risk management firm, in Toronto. Raptor has connected to TMX to take advantage of low latency access to Canadian exchange market data. The connection will allow clients in the US or Canada to access Raptor technology from a number […]

On the Move

Lazarus Joins CIBC Ben Lazarus has joined the Canadian Imperial Bank of Commerce (CIBC) in London as an associate in the financial solutions group. In the new role he will be focused on foreign exchange sales and will report to Quentin Smith, executive director of the group. Lazarus joins from Barclays Capital where he worked […]

NFA and TeraExchange Sign SEF Agreement

The National Futures Association (NFA) and TeraExchange have signed an agreement to support the NFA in performing regulatory services for TeraExchange’s swap execution facility (SEF). The agreement creates a preliminary framework for exchanging information and the development of technology standards, enabling TeraExchange and the NFA to develop, test and launch automated trade practice and surveillance […]

Thomson Reuters Named Official Calculating Agent for HIBOR

Thomson Reuters has been appointed as the official calculating agent for publishing the Treasury Markets Association’s (TMA) offshore renminbi Hong Kong Interbank Offered Rate benchmark (CNH HIBOR benchmark), following its appointment as the official calculating agent for this industry interest rate benchmark, as reported in Squawkbox last week (19th June 2013). The firm will compile […]

Icap invests in Enso Financial Management

Interdealer broker, Icap, has made a strategic investment in early-stage firm, Enso Financial Management (EFM). New York-based Enso provides hedge funds and asset managers with portfolio reporting and data analytics services. The firm currently reports on more than $100 billion in global assets under management. The companies say that EFM will use the investment to […]

CFTC Hits Forex Firm, Individuals

The US Commodity Futures Trading Commission says it has obtained Federal Court Orders requiring defendants Toby Hunter, Prestige Capital Advisors, and D2W Capital Management, all of Charlotte, North Carolina, together to pay more than $4.3 million in restitution to defrauded pool and managed account clients. The Order also imposes civil monetary penalties of approximately $7.5 […]

LSE to Launch IRS Platform

The London Stock Exchange Group is preparing to launch an interest rate swaps (IRS) trading platform, with support from a group of banks, according to a Reuters report. The new platform – MTS Europe – has garnered support from the banks in a move to meet regulators’ demands for greater transparency in the derivatives markets. […]

TMX Atrium Upgrades Knight Hotspot FX Connectivity

Financial infrastructure services provider, TMX Atrium, has upgraded its connectivity to Knight Hotspot FX. The firms’ have worked together since 2010; TMX has provided low latency connectivity to the foreign exchange electronic communication network (ECN). Connectivity to Hotspot is from TMX’s hub, New York 4 and allows Hotspot participants to communicate and trade with TMX’s […]

FOA and FIA to Combine Operations

The Futures and Options Association (FOA) and the Futures Industry Association (FIA) have signed an agreement to combine the organisations under a global structure and brand, FIA Global. The agreement will see FIA, and its affiliate, FIA Asia, form a confederation with the FOA under FIA Global. The new structure will enable the bodies to […]