Industry Updates: FX Solutions, MIG Bank, FC Stone and DealHub

FX Solutions contemplate serious restructuring in the US unit as a final attempt to regain leading position in the region,

  • FX Solutions contemplate serious restructuring in the US unit as a final attempt to regain leading position in the region, appoint David Trew as the new CEO – formerly Head of Asia Pacific at City Index and at CMC beforehand.

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  • MIG BANK increases its Share Capital to CHF 45 Mio Following Solid 2010 Business Results

The current capital increase to CHF 45 Mio followed the solid results and business growth experienced in 2010, which was a year of success in all aspects for the bank. MIG has entered 2010 with a banking status, which strengthened the confidence of clients leading to an increase in the number of institutional clients, private clients and business partners.

  • DealHub announced that it is implementing its high speed trading interface solution at another Global Tier 1 Bank customer to provide eFX price distribution into, initially, RET (Reuters Electronic Trading) and the RTFX ECN.

A number of the markets most active price maker Banks and Financial Institutions are now using Dealhub trading interfaces to provide improved price distribution and connectivity to their own SDP (Single Dealer Platforms) as well as to other client facing platforms and ECN’s including Bloomberg, Currenex, FX Connect, FXall, 360T, RET and via a FIX API.

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  • FCStone LLC, a Kansas City-based futures commission merchant, has implemented SunGard’s Sierra Advanced Margining module to support the expansion of its FX offering to include FX cash and FX derivative products.

Sierra’s Advanced Margining module provides brokers and their clients with a centralized workspace in which they can manage real-time margin, fee, trading activity, position, and revaluation calculations. This helps them improve monitoring of house and client positions, client orders and risk breakdown.

 

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