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ELECTRONIC CURRENCY TRADING
Currenex launches FXtrades Fund
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QUOTE OF THE MONTH: - “It is likely that doubt and a lack of market confidence will affect all energy trading for some time to come” Francis Hervé, chief executive of EDF Trading, the London-based trading subsidiary of Electricité de France (EDF),…
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Credit risk
Dealers blast multi-bank FX portals
The future looks bleak for the remaining multi-bank foreign exchange trading portals, according to delegates at the sixth annual ACI European Congress in Luxembourg last week.
Leading electronic swaps brokerages iFox and atenX to merge
Rival European electronic money market derivatives brokerages atenX and iFox are merging to form ATFox.
Kamakura upgrades key risk management system
Honolulu-based Kamakura, a risk management technology company, has released KRM Version 4.0, the latest version of its integrated risk management solution that includes important new credit facilities.
Futuresource to use Kdb for commodities database
Futuresource, a US provider of commodities and foreign exchange cash, futures and options data, will use Kx Systems’ Kdb database for its new scalable tick commodities database. The database is scheduled to begin rolling out mid-year, with implementation…
Primus lures in Swiss Re’s Schaumann plus other key staff
Hilmar Schaumann, a senior credit derivatives trader for Swiss Re in New York, has quit the firm to join Primus Financial Products, a wholesale provider of credit risk protection.
SunGard cites slow portal take-up as it closes multi-bank FX
Another chapter charting the rise and fall of multi-bank trading platforms was completed last week, with the closure of technology firm SunGard’s multi-bank foreign exchange portal.
Goldman Sachs seeks to boost CDO transparency
Goldman Sachs is seeking to improve collateralised debt obligation (CDO) market transparency by making the proprietary models for cashflow CDOs it underwrites available to all subscribers of Intex CDO analytics. Intex is a widely used electronic database…
Island tie-up may give Instinet push to upgrade technology
The rumoured tie-up between electronic communication networks (ECNs) Instinet and Island could give 83% Reuters-owned Instinet the impetus it needs to upgrade its equities trading platform technology, parts of which are almost 20 years old.
New trading platform to open up market, says fund manager
TRADING PLATFORM | Move means Hedge funds benefit from extra liquidity