Month: August 2013

And Another Thing…

If this column sounds angry – it should do! So here we go again – vague accusations of collusion around a process that has proven time and again to be broken and only serves to highlight a lack of professionalism amongst the asset management community that continues to take the breath away. That a cynical […]

Algo? What Algo?

The Securities and Exchange Commission has laid charges against a North Carolina-based investment adviser and its former owner for misleading an investment fund’s board of directors about the firm’s ability to conduct algorithmic currency trading so they would approve the firm’s contract to manage the fund. The SEC’s Enforcement Division alleges that Chariot Advisors and […]

Tullett Prebon Files for SEF Status

Inter-dealer broker Tullett Prebon has added to the list of firms to file a Swap Execution Facility (SEF) application with the Commodities Futures Trading Commission. Inter-dealer brokers GFI and Icap already have applications registered, as do several technology vendors that provide trading venues. The SEF, registered as tpSEF Inc. and headquartered in New Jersey, is […]

And Finally…

It’s almost two years to the day since I first started discussing latency floors, so with EBS rolling out its latency floor mechanism last week, I suppose the time is right to have a look at some of the themes that are dividing the industry – this being one of them. A latency floor, along […]

Tech Corner

FirstDerivatives says that its Delta Stream product will be used by Bandwidth, a communications technology provider in the US, to fulfill real time systems monitoring requirements. In particular, Delta Stream will be integral to Bandwidth’s Republic Wireless product, which provides consumers access to a smartphone solution that uses hybrid calling technology to leverage both cellular […]

Around the World

Saxo Bank has added two Russian ruble crosses its its platform. Customers are now able to trade USD/RUB and EUR/RUB in spot and options markets. AFEX has opened an office in Tel Aviv. It opened August 18 with Ariel Wolfe, Israel country manager for the payments and currency exchange provider, overseeing a team of three […]

On the Move

ANZ Shuffles in FX Options ANZ has reshuffled part of its FX options business in Asia. According to market sources, Mike Holmes and Alister Jelly, both FX options traders have both left the bank in Sydney. A spokesperson for ANZ confirms that two members of the FX options team in Sydney have left the bank […]

Double Win for MT5

MetaQuotes’ MetaTrader 5 trading platform has added liquidity from FastMatchFX and received the approval of the Australian Securities Exchange to be deployed there. The firm has built a gateway to allow all clients using the MT5 system, which remains popular among retail traders, to connect to Fastmatch liquidity. FastMatch joins CitiFXPro, Currenex, Hotspot FX and […]

FIX Protocol Rebrands

FIX Protocol, the non-profit, industry-driven standards body for financial trading, has rebranded as FIX Trading Community. Additionally, FIX has launched a new website that creates a platform where the global FIX community can meet and exchange knowledge. Launched in 1998, FIX the has helped development and the adoption of the FIX messaging standard, which has […]

Platforms Support Bitcoin Trading

AvaTrade has partnered with Gold-i to offer Bitcoin contract for difference (CFD) trading to its clients. AvaTrade clients can trade Bitcoin against the US dollar on MetaTrader 4 alongside their ForFXex, commodities, stocks and indices trades. Daire Ferguson, managing director at AvaTrade, says, “Bitcoin is the digital currency of the future and we are very […]