Day: 6 March 2018

Haagensen Joins smartTrade

Soren Haagensen has joined smartTrade Technologies as director of sales.

Based in New York, Haagensen joins from Integral, where he has worked as managing director, bank FX, Americas, for the past two years.

Prior to joining Integral, Haagensen spent 20 years at Societe Generale, managing its e-commerce product in the Americas from 2007 until his departure in 2015. Before that, he acted as the bank’s business manager for its New York FX business.

Haagensen began his career with Societe Generale trading EMS and DM/FRF and then, with the introduction of the euro, trading EUR/USD, where he became the first individual to execute over $1 billion in a day on Integral’s currency trading platform.

Record Signs Codes of Conduct

Record Currency Management has signed both the FX Global Code and the Local Government Pension Schemes (LGPS) Investment Code of Transparency.

“Both of these codes are fully aligned with Record’s position as an independent currency manager, acting solely on our clients’ behalf, and promoting the highest standards of transparency and market conduct,” says the firm in a release issued today.

The FX Global Code is a set of principles of good practice in the foreign exchange market that has been developed in partnership between central banks and market participants.

Capitolis Secures Funding Round: Looks Ahead to Product Launches

Capitolis, the financial services technology provider established by former Traiana CEO and head of EBS Brokertec, Gil Mandelzis; former CEO of Thomson Reuters, Tom Glocer; and Igor Teleshevsky, also formerly of Traiana, says it has secured two rounds of financing, a Series A investment of $20 million led by Index Ventures, and a prior $9 million Seed round led by Sequoia Capital. Capitolis is designing multiple new products and services to address capital markets constraints, initially in equities and foreign exchange.

NEX Markets, Thomson Reuters, FX Volumes Rise in February

NEX Markets maintained the momentum from a strong January performance by reporting average daily spot volume of $108.3 billion in February.
At 3.2% up on the month and 34.2% up year-on-year, the performance largely reflects that of other platforms that reported data this month. It is also NEX Market’s strongest performance since March 2015 when it benefited from the continued fallout of the Swiss National Bank’s decision to remove its floor in EUR/CHF.
Thomson Reuters, meanwhile, reports spot ADV of  $113 billion, up 4.7% from January but again an impressive 34.5% up year-on-year.