Month: September 2013

And Finally…

Full disclosure. I am coming off our most successful Forex Network event ever so I am a little worn out and may not be thinking straight. To that end I am unsure whether the following is very interesting, or a great example of the nightmare in which we live in financial markets. In this column […]

Tech Corner

LMAX Exchange has partnered with retail platform provider ActForex, to offer access to LMAX via trading platform, ActTrader. Through the ActTrader platform, LMAX Exchange delivers exchange quality execution in over 60 FX pairs with an average matching speed of 4ms and no ‘last look’ as standard – ensuring FX execution with optimal precision. FCM360 has […]

On the Move

Oanda Hires CTO Online FX broker Oanda has appointed Graeme Whittington as the company’s new chief technology officer, he is responsible for leading the development and delivery of Oanda’s products and services. Whittington joins Oanda from BlackBerry, where he held a variety of senior positions including roles in product management and software with a focus […]

ISDA, Markit Unveil Representation Letter

The International Swaps and Derivatives Association and Markit have launched the ISDA Cross-Border Swaps Representation Letter on ISDA Amend, their joint electronic solution that facilitates compliance with certain Dodd-Frank regulatory requirements. On July 26, the CFTC published an “Interpretive Guidance and Policy Statement Regarding Compliance with Certain Swap Regulations” providing guidance as to when the […]

BNP Signs with TraderMade

BNP Paribas has signed an agreement with TraderMade for the latter to provide its services to the bank’s FX strategy team and to deliver high-frequency commentary into the bank’s global markets and Cortex FX trading platforms. “This significant contract marks a first for TraderMade to outsource our analysis services onto portals. It is a result […]

FIX Merges Post-Trade Groups

FIX Trading Community, the non-profit, industry-driven standards body has formed a global post-trade working group. The new group, which will be jointly chaired by Dave Tolman of Greenline Financial Technologies, Laura Craft of Traiana and David Pearson of Fidessa Group, will bring together the existing Americas buy-side post-trade working group with the EMEA post-trade working […]

Oanda Buys Currensee

Online FX broker Oanda says it has acquired Boston-based mirror trading provider Currensee Global. Together, the integration of the two technology platforms from Oanda and Currensee will provide traders with a “unique offering”, the firm claims. Copy trading, a method by which traders can mirror the trading behaviour of other FX traders from around the […]

RJ O’Brien Fined by CFTC

The Commodity Futures Trading Commission has issued an order filing and settling charges against R.J. O’Brien & Associates, a CFTC-registered Futures Commission Merchant (FCM) based in Chicago, Illinois, for unlawfully commingling secured foreign futures and options customer funds with segregated domestic futures and options customer funds.  The CFTC Order requires RJO to pay a $125,000 […]

Traiana and MarketAxess Claim CDS Trade First

Traiana and MarketAxess SEF Corporation have announced the completion of the first live credit default swap (CDS) index trade using Traiana’s CreditLink service as the credit hub to verify pre-trade credit limits. JP Morgan acted as the clearing member for the major buy-side participant on the trade. Under the Commodity Futures Trading Commission (CFTC) Swap […]

SEF Grants Continue Apace

As the October 2 deadline for mandated Swap Execution Facility (SEF) trading nears, the Commodity Futures Trading Commission continue to grant temporary SEF status to a series of providers. Just a week after CFTC chair Gary Gensler admitted that the commission’s process for reviewing applications is “cursory”, the commission has granted five requests. CFTC temporary […]