Month: November 2013

And Another Thing…

It’s Thanksgiving Day, so with a “happy thanksgiving” to our American readers I will keep this brief. This week marks the closing date for applications to be the next president of ACI – The Financial Markets Association. The association has been open to applications for a month or so now and I understand that quite […]

Mako FX raises £100k in aid of Justice and Care

Last week, over 220 FX market professionals attended the first charity fund raiser hosted by Mako FX and sponsored by CME Group. The London-based provider of multi-bank trading platform Liquidity Pool raised around £100,000 in aid of Justice and Care, a charity that actively saves women and children from trafficking around the world. Stand-up comedian […]

Bankrupt FX Concepts Sells Name to Ruby Commodities

A US bankruptcy court approved the $7.48 million sale of failed firm FX Concept’s remaining assets, including its trademark and trading models, to Ruby Commodities. The company emerged as the highest bidder for what remains of the one-time largest currency hedge fund in the world, with the FX Concepts trademark fetching $250,000. Its computer trading […]

And Finally…

So the “manipulation” probe lumbers on and has now moved properly into the legal arena with news that end users are starting to sue various banks over activity at the Fix. It’s hard to go into this in any depth because so much surrounds the conversations that were had between bank and customer but I […]

Tech Corner

Post trade technology provider Traiana has launched its Harmony Network for equities swaps and contract-for-difference markets in the Asia Pacific region. The demand for the equity swap network in Asia is a reflection of the change in behaviour in this market, the growing volumes in the give-up market, increased access by global buy-side companies as […]

Alpari (UK) Appoints New CEO

Alpari (UK), an online FX trading provider, has appointed David Hodge as its new chief executive officer. He takes over from Daniel Skowronski, who resigned from the position earlier this month. Hodge will assume responsibility for the commercial and operational delivery of Alpari (UK) and its non-Russia and non-US subsidiaries. The company says the appointment […]

Deloitte Spain to Distribute SuperDerivatives’ DGX to Clients

Professional services company Deloitte Spain is providing its global customer base with full access to DGX, SuperDerivatives’ real-time cash and derivatives market data, news and analysis platform. Deloitte Spain says DGX will help improve the overall cost efficiency of its data operations while providing customers with a wide coverage of cash and derivatives products, along […]

CFTC Launches New Weekly Swaps Report

The US Commodity Futures Trading Commission (CFTC) has unveiled a new weekly swaps report to provide the public with a detailed view of the previously opaque swaps marketplace. The report is based on data collected from three swaps data repositories: the CME Group SDR; DTCC (Depository Trust & Clearing Corporation) Data Repository; and ICE Trade […]

Icap and Clarus Launch OTC Derivatives Data Service

Clarus Financial Technology says it will start distributing Icap’s derivative pricing within its SDRView – Professional product, including Icap’s interest rate swaps, FRAs, OIS swaps and basis swaps quoted in AUD, CAD, EUR, GBP and USD. Icap Information Services (IIS) claims it has provided the data in order to articulate an aggregate view of best […]

Bloomberg SEF Completes First Electronic MAC Swap Trade

Bloomberg has announced that the first electronically traded Market Agreed Coupon (MAC) swap contract has been executed on Bloomberg SEF. Goldman Sachs completed the trade with a global asset manager, according to Bloomberg. “Today there is a critical need for fungible, standardised contracts as the derivatives market migrates to electronic platforms,” says Ben Macdonald, Bloomberg’s […]