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FX trading company Gain Capital Group has beaten off competition from Saxo Bank to purchase Refco FX Associates' retail customer account information and marketing list. The agreement represents a u-turn for Gain, which in July terminated a deal to buy ...
The first revaluation of credit derivatives prices in Europe has been carried out by inter-dealer broker GFI in a bid to make one of the biggest financial markets more transparent. Last Tuesday (October 31) GFI revalued tranches of the Itraxx index, ...

in News, Brokers

Marex Live with Algorithmics

Broker dealer Marex Financial has gone live with Algorithmics' risk management platform Algo Risk. Hosted by Algorithmics, the platform provides financial institutions with portfolio analytics and risk management capabilities spanning all asset classes and investment strategies. "Marex is now able ...
Interdealer broker GFI has completed the first interbank OTC rouble basket trade. It was a six-month trade, notional $100 million with an at-the-money forward strike price of 29.70, a spokesperson says. The weighted ratio was 60% USD, 40% EUR at 5.0 volatility. Steve McMillan, GFI's ...

in News, Brokers

BarCap Opens Trading Operation in Mexico

Barclays Capital has unveiled Grupo Financiero Barclays Mexico, comprising a bank and a broker-dealer. The banking operation, Barclays Bank Mexico, concentrates on trading, sales, and risk management instruments including currency, interest rate derivatives and structured notes. Barclays Capital Casa de ...