Month: August 2013

Thomson Reuters Integrates Messaging with FXall

Thomson Reuters has expanded its Eikon Messenger community by integrating the FXall community into the service as part of the latest release of FXall Trading. The firm says that FXall clients will be able to access Messager from their toolbar, adding that unlike other instant messaging communities which are traditionally allied to a particular company […]

CFTC Awards Bloomberg First Temporary SEF Status

The Commodity Futures Trading Commission has granted Bloomberg SEF (BSEF) a temporary registration as a Swap Execution Facility. CFTC’s Division of Market Oversight says it has granted the registration based upon a “limited review” of the firm’s application, BSEF will be able to operate from today (August 5) when the CFTC’s SEF rules become effective. […]

GFMA Appoints European Head for GFXD

Andrew Harvey has been appointed managing director, Europe for the Global FX Division of the Global Financial Markets Association (GFMA). In this role he reports to James Kemp, managing director of the Global Division. Harvey joins from Morgan Stanley, where he spent seven years, first as EMEA head of foreign exchange operations, then as global […]

Gain Makes Senior Hire

Market sources tell Profit & Loss that Peter Cronin has joined Gain Capital’s institutional arm, GTX. Cronin will be based in London and has been appointed head of institutional sales for Europe. He will report to Joe Wald, global head of Gain’s institutional business, the sources say. Cronin was last head of e-FX sales for […]

And Another Thing…

So…where did all the yen volume go then? If ever you want an illustration of what fragmentation has done to the FX market then April would seem to be a good place to start. Before we get into the speculation, a few facts. Across five major centres, average daily volume in USD/JPY rose by more […]