Day: 15 August 2016

OTC Clear Claims First in USD/CNH Swaps Clearing

OTC Clearing Hong Kong (OTC Clear) has launched a clearing service for cross-currency swaps (CCS), which will initially focus on swaps in the USD/CNH currency pair. OTC Clear is the first international clearing house to provide clearing for USD/CNH CCS, the company claims in a statement. The firm provides a Payment versus Payment – or […]

Redline Trading Solutions Adds BSE to Its Data Offering

The Bombay Stock Exchange (BSE) is now supported by Redline Trading Solutions’ market data and order execution gateway solutions. This enables firms trading on this exchange to receive and act upon real-time price and order book information “faster than ever before”, the company says in a statement. Redline’s support for BSE includes their equity, equity […]

And Finally…

This really is a tricky time for the foreign exchange industry. The chat room scandal has truly opened a can of worms and it seems there is rarely a month that goes past without yet another case of unfair dismissal being brought and, more often than not, won. What strikes me, however, is how so […]

Ross Re-Joins Traiana

Anne Ross has re-joined Traiana in New York as a relationship manager for strategic clients and partners. Ross arrives from Azul Systems, where she was sales director for just over one year. This will be her second stint at Traiana, after she spent 11 years working for the firm between 2004 and 2015. Ross held […]

TraderTools Adds “Native” Ruble Pricing

TraderTools has announced that additional native Ruble liquidity is now available on its Unique Liquidity Network. “This Ruble liquidity is in addition to emerging markets liquidity available from a network of local market making banks in Eastern European, Turkey, Scandinavia, South Africa, New Zealand, and Australia,” the firm says, adding that liquidity takers not looking […]

Ktorza Wins Unfair Dismissal Case

JP Morgan has become the latest bank on the wrong end of an unfair dismissal claim from its currency teams with Patrice Ktorza, a former FX salesperson at the bank, reportedly winning his claim. Bloomberg News, citing a copy of the judgement, reports that Ktorza will receive the full amount of claim – GBP 78,800 […]