The departure of Mr. Feig, the bank’s global head of foreign exchange, was announced to staff Tuesday, and follows that of the firm’s most senior currencies banker, Anil Prasad, earlier this year. That leaves the bank lacking senior figures in its currencies business at a delicate time; Citigroup is one of the world’s largest currencies-dealing…
Read moreOn a side note today, the AP is reporting that Greenpeace, an international NGO environmental group has acknowledged losing 3.8 million euros ($5.2 million) on a bet the euro would not strengthen against other currencies in 2013— but it did. The environmental group said the money was lost by an employee who acted beyond the…
Read moreThe CLS settlement service has seen May FX volumes drop a tad. The average daily volume submitted to CLS, combining the settlement and aggregation services, was 977,460 down 0.7% from 983,850 in April. Further, average daily value dropped roughly 0.6% from April with the average daily value of matched trading instructions submitted during last month coming out at $4.82 trillion which is also down…
Read moreThe DGCX will launch new FX derivatives in addition to a spot gold contract between now and the end of the year, said Gary Anderson, CEO of DGCX, in an interview with Gulf News.
Read moreIndependent Forex ECN Hotspot's volume ticked up slightly from April's extreme lows...
Read moreFinancial derivatives, especially for interest rates and foreign exchange, are expected to be the front runners in the futures exchange as they do not require warehousing infrastructure to trade.
Read morePopular retail brokerage HotForex regulated by the Financial Services Commission (FSC) of the Republic of Mauritius has announced on their company news page the launch of MQL5 signals for their MetaTrader clients. They state the MQL5 Signal Service is integrated in the HotForex MT4 trading terminal and offers the chance to subscribe to a wide…
Read moreThis month’s report shows an uptick in the volume of interest rate swaps traded on SEFs, a decline in the volume of credit default swaps, and a roughly unchanged amount of foreign exchange forwards traded on SEFs.
Read moreInvestment Technology Group Inc., specialized agency brokerage and technology firm (NYSE:ITG) announced that the Triton® EMS suite now offers expanded options trading capabilities, including multi-broker routing and access to Delta and Volatility algorithms. The enhanced functionality builds upon Triton's robust options offering, which includes a full options sheet, Level 2 depth-of-book window, and support for spread…
Read moreLCH.Clearnet Group, the leading independent multi-asset class and multinational clearing house, serving major exchanges and trading platforms as well as a range of OTC markets today notified the public that the Bank of England approved its application as a central counter-party under the European Market Infrastructure Regulation (EMIR). This is the final step in the…
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