Month: July 2013

And Finally…

A longstanding problem in the foreign exchange industry has been defining “retail” from “small institutional” when it comes to end user customers. Some of the platforms that offer both break out numbers, as FXCM and Gain Capital do, others, such as LMAX Exchange welcome all users to its core venue. I get the feeling that […]

Tech Corner

Japanese retail FX broker FX Prime and mirror trading provider Tradency have signed a partnership that will see FX Prime will offer mirror trader services to its entire client base, as of October this year. FX Prime is adding the functionality following a recent study of its clients that indicated that about 80% of respondents […]

On the Move

Newedge Appoints China Sales Head Broker-dealer Newedge has named Jennifer Wang as head of FX sales for greater China. She will be based in Hong Kong, and be responsible for coordinating FX sales initiatives with a particular focus on regional bank services.?? “The renminbi is quickly growing in strength so as to compete with the […]

Oanda Partners with Autochartist

Retail FX broker Oanda has partnered with Autochartist to develop Oanda Technical Analysis, an automated technical research application that is integrated with Oanda’s trading platform, fxTrade. It also has an optional MT4 plug-in for traders who use automated trading strategies. The new service is available free to all Oanda trading clients, although the firm says […]

SunGard Warns on “Short Termism” in Risk Management

Research undertaken by SunGard finds that banks continue to take a short-term view when it comes to risk management priorities, which is impacting future competitive advantage and profitability. The research, which surveyed 760 risk professionals across 60 countries, investigated current executive level risk management priorities and concerns. The report concludes that C level and management […]

RMB Internationalisation Gathers Pace

New data from Swift indicates that the Chinese yuan continues to build its presence in international markets. Swift says that the CNY gained two places in the ranking of world payments currencies to move one step closer to the top 10 – it is now ranked 11th as payments currency in June 2013, with an […]

CMC Upgrades Platform

Spread betting and CFD trading provider CMC Markets has upgraded its Next Generation platform. These include a new toolbar to make features more accessible, new short-cut functions, enhanced order ticket design and increased control over the platform tools so clients can maximise their experience, even on a smaller screen. The firm now allows clients to […]

DTCC Acquires Omgeo

The Depository Trust & Clearing Corporation (DTCC) has entered into a binding agreement to acquire full ownership of Omgeo, combining Thomson Reuters’ 50 percent stake in the company with DTCC’s existing 50 percent ownership. Terms of the deal, which is subject to regulatory approval, have not been disclosed. The transaction will facilitate increased collaboration among […]

Torstone Launches Trade Repository Consolidator

Software processing provider Torstone Technologies has released a new Inferno module that consolidates OTC derivative trades from multiple front office systems and feeds them into Global Trade Repositories (GTRs) such as DTCC, automatically. The firm says the aim is to help financial institutions comply more easily and accurately with the transparency and reduced risk goals […]

AIFMD Progress “Uneven”

Uneven progress is being made in implementing the Alternative Investment Fund Managers Directive (AIFMD) across the European Union, according to a joint study by the Alternative Investment Management Association (AIMA), and EY, a professional services firm. The AIMA/EY study found that although a majority of EU Member States have either already transposed the AIFMD into […]