Month: August 2013

And Finally…

Today’s column is just an excuse to talk about monkeys playing darts… Occasionally, in moments of frustration, I have been known to tell people that “an untrained chimpanzee could probably do better”, but last week I was reminded that it has actually been proven that they can when it comes to investing (although in fairness […]

Tech Corner

MarketPrizm is to offer historic data from major exchanges to financial services firms. The data can be downloaded and used for simulation models to test investment strategies before putting them into the live market and the firm will provide full depth historic data captured and time stamped in co-location, with the initial phase covering the […]

On the Move

Cahill Heads to Nomura               Michael Cahill joined the e-FX sales team at Nomura in New York at the end of July from Morgan Stanley, a spokesperson confirms. He joined Morgan Stanley’s FX sales group in February 2010. Cahill will be working with Joyce Skiddell, reporting to Tom Haskins, head of FX sales, Americas, who […]

ParFX Locates with Equinix

Tradition’s ParFX platform, which launched earlier this year, has launched from Equinix’s London Slough International Business Exchange data centre campus. The London Slough campus provides access to over 50 network providers and more than 170 trading participants, reducing time-to-market, and lowering barriers to entry while providing high levels of resilience, the firms say. In choosing […]

CME Adds ZAR FX Contract

CME Group is to add a USD/ZAR futures contract from September 23. The new contract will trade in $100,000 contract size on Globex and be cleared through CME ClearPort. The new contract will be quoted in standard interbank terms – in line with how a majority of the marketplace prefers to trade the currency and […]

Rabobank Goes with SuperD

Rabobank has selected SDX from SuperDerivatives to boost the efficiency and productivity of its global FX options trading operations. Deploying SDX will enable the bank’s sales teams in 15 international offices to communicate with traders in London, New York and Hong Kong and price, quote and execute a trade. SuperDerivatives’ consolidated and scalable front office […]

Volumes Lower at Hotspot, FXCM and Gain

The reporting period for July was completed last week when Hotspot FX, FXCM and Gain Capital all confirmed the slowdown in FX activity for that month. Daily volume at Knight Getco Group’s Hotspot FX averaged $28.6 billion on a single count basis, a 22% decline from June 2013 but a 10.4% increase year-on-year. Gain Capital […]

Pao Trades Tullett for BGC

BGC Partners has announced the appointment of Peter Pao as director, Greater China. Pao, who brings more than 30 years of broking experience and capital markets expertise, joins BGC Hong Kong to manage its business across Greater China and to pursue regional business opportunities. He will be based in Hong Kong and will report directly […]

Thomson Reuters Adds Options Business

Following its acquisition of the FX options business from TradeWeb last month, Thomson Reuters has acquired SigmaGenix, a developer of FX and options risk management systems. Under the acquisition, Jeremy Gelber SigmaGenix’s founder and CEO, has taken on a broader role at Thomson Reuters as global head of FX options, reporting to Phil Weisberg, global […]

360T Hires for FX Options

360T has hired Glenn Rosenberg as global product manager for its FX options business. Rosenberg, who is based in the firm’s New York office, will report to Alfred Schorno, managing director, 360T Group. His responsibility will be to increase and enhance the growing option trading activity on 360T, leveraging the already existing business via additional […]