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The Forex Forum in NYC - 1st November 2011
- The Forex markets haven’t been shy post 2008 Credit Crisis. On the one hand the latest BIS Survey shows the asset class continuing to grow strong; however 2011 saw Central Banks using protectionist strategist to hold brace to their currencies.With the economy still on the sidelines market sentiment is unclear, Euromoney, a research and media organisation, is holding the well awaited Forex Forum 2011 on Tuesday 1st November at the Pierre, New York.
by
Adil Siddiqui
September volumes calmer - EBS averages $183 Bln daily
- The worlds largest inter dealer broker ICAP announced its September trading volumes for its EBS FX division. Currency trading volumes handled by EBS averaged $183.1 billion a day in September, the company said in a statement. That is up 25% on September 2010 but slightly down on an exceptionally busy August, when EBS handled an average of $186.9 billion a day.
by
Adil Siddiqui
Gain Capital's institutional arm launches voice broking
- Gain Capital an NYSE listed broker/ dealer has been expanded its footprint in the institutional scene. It recently established a full service desk in Singapore servicing institutional, HNW and corporate clients. It has expanded its offering by launching a new phone-execution desk as part of its GTX institutional platform. The new service, launched on September 27, will give clients 24-hour access to foreign exchange professionals over the phone.
by
Adil Siddiqui
LCH Clear to launch NDF clearing in November
- LCH.Clearnet plans to launch its widely anticipated foreign exchange clearing platform for non-deliverable forwards (NDFs) in mid-November. The new clearing service, dubbed ForexClear, has been in development since late 2010. LCH.Clearnet declined to comment for this article, but it is understood the platform will launch with NDFs covering six currencies against the US dollar: Chinese Yuan, Brazilian Real, Indian Rupee, Russian Ruble, Korean won and Chilean peso.
by
Adil Siddiqui
Is China entering margin FX?
- Doors to the worlds next big economy seem to be openign up for FX brokers. The Chinese authorities have tried to stamp out FX trading for locals in foreign markets however international brokers have been trying their utmost to establish some sort of position in China. With an estimated 30% of Chinese internet users online trading firms are hungry to source the Chinese traders.
by
Adil Siddiqui
State Street purchase Automated Agency Broker
- State Street is expanding its presence in the automated trading space as it announces the acquisition of Pulse Trading a Boston-based agency brokerage firm offering block crossing and blotter scraping technologies as part of its electronic trading capabilities. State Street, a provider of custody and asset management services, said it entered a definitive agreement to buy the firm in an announcement today.
by
Adil Siddiqui
Trading or Gaming - is there a difference
- Margin trading is commonly referred to as gambling with fancy words like "FTSE, Gold and Currencies". Unlike the 'horses' or 'dogs' investors are trading on volatile markets with no clear understanding of what the product is, how it works and most importantly what makes it move. Regulators in advanced economies have touched on this and have tried to draw some barriers so that brokers are more aware and so are their clients on the possible risks.
by
Adil Siddiqui
EU Commission wants more scrutiny on High Frequency Trading
- High frequency trading firms have been bought to regulators attention as the European Commission is pressing on stricter regulation to avoid market manipulation. This could be the second blow European trading firms will face after France's Sarkozy is planning a 'special' tax on financial transactions. These moves could put continued pressure on the Euro zone being a un-favoured location by financial markets professionals.
by
Adil Siddiqui
US Savings Associations to enter FX market
- Federal savings associations may engage in off-exchange trades in foreign currency - known as forex transactions - with retail customers so long as they comply with retail foreign exchange rules, according to new Office of the Comptroller of the Currency regulations.
by
Adil Siddiqui
MCX gets extention in currency futures from SEBI
- The Securities and Exchange Board of India (Sebi) late on Wednesday approved the application for renewal of registration for currency futures trading of MCX Stock Exchange (MCX-SX). The approval comes a day after Sebi issued a showcause notice to the exchange asking the bourse to explain why its application for renewal of registration for currency futures trading should not be rejected.
by
Adil Siddiqui
ForexPros partners with MetaQuotes to offer forex news over MetaTrader platforms
- Looks like IBTimes's integration with MetaQuotes was just a start and perhaps this signals a bigger change for MetaQuotes: ForexPros becomes the second news provider to integrate with MetaQuotes and will now be able to offer its news service on the Metatrader terminals (both 4 and 5).
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