Day: November 24, 2014

And Finally…In Memoriam

Sad news reached me over the weekend that Rita Saverino, known to many of us from her work in trading and e-commerce at Citi and Deutsche Bank, passed away last week. I had the pleasure of meeting and speaking with Rita many times, I first met her in the early 1990s during a business trip […]

Around the World

Deutsche Bank Makes Use of Frankfurt RMB Clearing Hub Deutsche Bank says it has effected its first renminbi transaction via Frankfurt’s offshore clearing centre as it seeks to help corporate customers save costs when doing cross-border business with China. “Companies from Germany and other European countries can now conduct RMB transactions cleared in Frankfurt via […]

Tech Corner

Foreign exchange broker ADS Securities and global managed services provider has installed a 40Gb ethernet network in Tokyo (TY3). The deployment in uses 40Gb network cards and allows for each tick from multiple liquidity venues to be processed with reduced delays as the additional bandwidth mitigates microbursts in volatile market conditions. With an ever increasing […]

On the Move

Bensassi Departs Credit Suisse Less than a year after joining Credit Suisse, Lotfi Bensassi has left his position as director and head of emerging market FX options trading for central and Eastern Europe, the Middle East and Africa. Based in London, he reported into Simon Hards, global head of FX trading. Bensassi joined the Swiss […]

Regulators Continue to Stake Claim in Bitcoin

The regulatory landscape for Bitcoin is becoming increasingly complicated with the Commodity Futures Trading Commission (CFTC) laying claim to jurisdiction over the virtual currency. CFTC Commissioner Mark Wetjen is reported as commenting at a seminar organised by Bloomberg in New York that the commission has the authority to intervene with enforcement actions against price manipulation […]

OptionsCity Software Buys Optionshop

OptionsCity Software has acquired futures trading technology provider Optionshop for an undisclosed sum. According to the firm, the move will add new technology capabilities to OptionsCity’s product-set while extending its reach into new customer markets. With the acquisition, OptionsCity gains new brokerage clients who currently utilise Optionshop’s white-labelled trading solutions, ranging from a downloadable trading […]

Advanced Markets Launches Anonymous FX Block Trading for Buy Side

Direct market access (DMA) solutions provider Advanced Markets has launched a Full Order Execution (Fox) block trading mechanism, which allows buy-side market participants to execute large trades anonymously in a single transaction with a single bank liquidity provider. The mechanism, available via Fortex 6, a new front-end platform, as well as API and FIX connections, […]

Managed Futures Benefitting From Shifting Central Bank Policies

The recent volatility witnessed in the equity markets, combined with the macroeconomic backdrop of divergent central bank policies, is highlighting the benefits of managed futures, according to firms in the segment. Campbell & Company has released a paper suggesting that the Q3 of 2014 shows why investors might benefit from investing in managed futures funds. […]

Better Education Needed on Chinese Regulatory Change

With an increasing number of multinational corporates looking to use renminbi in their day-to-day business, banks need to step up their efforts in providing information and education to this sector regarding the latest rule changes being implemented by the Chinese regulators. This was the advice of the sole corporate on the recent “Corporates’ Use of […]

Omgeo Alert Attracts Investment Managers to FX SSI Service

Omgeo says that over 225 investment managers worldwide are now using Omgeo Alert for FX standing settlement instructions (SSIs), with FX proving to be one of the strongest growing asset classes on the service in recent years. The institutional post-trade provider efficiency claims that Alert is now enabling over 1,800 investment managers, brokers/dealers and custodian […]