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Saxo Bank's Internet-delivered foreign exchange trading platform has been selected by Monex, one of Japan's largest online securities brokerage. White-labelled as Monex FX Pro, the system will be marketed to Monex's 750,000 retail clients, and offers 21 currency pairs, a margin ratio ...

in News, Brokers

Astmax to Buy Mitsui Bussan Futures

Astmax, a Japanese futures asset management firm says it is acquiring Mitsui Bussan Futures (MBF) as part of its expansion plans. MBF, established in 1988, is a commodity futures broker that also offers foreign exchange margin transaction services as well as ...

in News, Brokers

Calyon, SG in Talks to Merge Brokers

Two French banking groups, Calyon and Socit Gnrale, have entered into talks to merge their respective financial brokerage groups, Calyon Financial and Fimat. If successful, the merger will create one of the largest clearing and execution of listed financial futures ...
Interdealer brokers GFI and Icap have announced that they plan to jointly develop new clearing services for OTC derivative products with The Clearing Corporation, an independent clearing house for derivative instruments, and have agreed each to acquire a minority ownership ...
Those readers out and about in the Broadgate area of the City of London last Thursday (December 7), were treated to a variety of "sights", such as grown men (and women) dressed as Snow White and the Seven Dwarfs, various other ...

in News, Brokers

...As Does Saxo

Meanwhile, Denmark's Saxo Bank says that on December 1, for the first time in its history, it surpassed the USD25 billion mark in one-day volume in currency trading. "Naturally, this is a huge milestone in our history as an online investment ...
Sources within IFX Markets tell Squawkbox that the company is seeking to reduce its institutional client focus in favour of targeting retail FX traders. The move comes three months after the company was acquired by City Index and has allegedly ...

in News, Brokers

RJO Buys Refco Assets

RJ O'Brien and Associates (RJO) has acquired "substantially all" of the assets of Refco Commodity Management (RCM), which include the managing owner interest in the JWH Global Trust, a public commodity pool, with more than $125 million in customer assets under ...
Interdealer brokers Creditex and CreditTrade completed their merger last week, creating a global force in voice, hybrid and electronic execution in the credit derivatives market. The transaction has received both NASD and FSA approval. The merged entity - Creditex Group ...

in News, Brokers

New Head of Credit Indices at GFI

Inter-dealer broker and market data company GFI Group has appointed Wayne Margolies as head of credit indices, North America. Margolies, who has been with GFI for 13 years, was previously head of GFI's single-stock derivatives desk. He is relocating to New ...