Month: November 2014

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 […]

CLS Volumes Hit 2014 Record Daily High

CLS has reported an average input daily value of $5.29 trillion, up year-on-year but down 10.9% from September’s record total of $5.94 trillion. But input volumes submitted to CLS reached an average daily record-high for the year after increasing 3.2% month-on-month to 1,465,105, combining the settlement and aggregation services. The latter continued to grow steadily, […]

BGC Continues GFI Chase

BGC Partners has extended its tender offer to acquire GFI Group. The brokerage firm has extended its tender offer to buy GFI shares until 5pm EST on 9 December, 2014. The previous offer was due to expire on 19 November. At the original expiry date 23.2 million shares had been tendered pursuant to BGC's offer […]

Has the SNB Been Intervening?

General weakness in the euro has brought the Swiss National Bank’s artificial 1.2000 floor in EUR/CHF fully into focus, with market sources reporting the central bank stands ready to purchase an unlimited quantity of euros to defend the floor. Although it is unclear whether the SNB has already been intervening to slow the cross’ descent, dealers […]