Direct Won-Yuan exchange planned LeapRate

July 03, 2014 BY Mike Fox

Direct Won-Yuan exchange planned

The move would save transaction fees and hedge against forex volatility.

July 03, 2014 BY Andrew Saks-McLeod

Markit deploys electronic trade confirmation service for FX options

With the backing of major banks, institutional financial information services company branches out into provision of electronic trade confirmation and exercise management to the FX options segment, with NDFs to follow.

July 03, 2014 BY Mike Fox

Monex June FX volumes, $31.5B, down slightly from May and slowest month since 2012

Monex Group, Inc. today reported their monthly business metrics of its subsidiaries in June 2014.

July 03, 2014 BY Mike Fox

ICAP’s i-Swap platform sets new US Dollar interest rate swap volume record in June

ICAP is a leading broker across the entire range of interest rate products, ranging from exotic options to short and long-term interest rate swaps

July 02, 2014 BY Andrew Saks-McLeod

Dukascopy extends innovative approach, opens China office

Dukascopy Community Co aims to provide more convenience and excellent customer service to Chinese clients as the drive toward the APAC region grows among FX giants.

July 02, 2014 BY Gerald Segal

Spreadex confirms it made £0.30-per-share all-cash bid for LCG and was rejected

Ramping up pressure on the board and shareholders of London Capital Group (LON:LCG), online sports betting and financial spread betting firm Spreadex confirmed that it had indeed recently made a proposal to acquire LCG, and was rejected by LCG's board. Spreadex's offer was all-cash, at £0.30 (30 pence) per share, representing a 46% premium to…

July 02, 2014 BY Gerald Segal

Spotware updates cTrader FX platform and cAlgo trading bots

FX platform provider Spotware has announced a number of updates and upgrades to its cTrader and cAlgo platforms. cTrader is Spotware's full STP trading platform, employed by brokers such as FxPro, MB Trading, and ThinkForex. cAlgo lets traders build trading cBots and custom technical indicators using C#. The updates include: Timer API If your strategy…

July 02, 2014 BY Andrew Saks-McLeod

Argon Design goes live with ultra-low latency HFT system for options

Despite European regulatory discourse relating to high frequency trading and the use of algorithms to gain an advantage over other participants, British company Argon Design has gone live with a system which facilitates latency arbitrage on the American continent.

July 02, 2014 BY Mike Fox

CME Group FX volumes rise 30% in June - still 37% below last year

CME Group (NASDAQ:CME) has rebounded in their FX volumes for June reporting a 30% MoM increase with 765k contracts per day being reported. In contrast, May's 589k was the 2nd slowest month for FX ever, following the low of April at the CME. For further comparison, June 2013 saw 1.2M contracts moved for the 37%…

July 02, 2014 BY Andrew Saks-McLeod

CFTC gives another year of leeway for reporting swap data to all firms

With the US having led the regulatory drive toward institutional FX transactions being conducted through swap execution facilities and central counterparties last year, the bureaucracy in implementation continues with the CFTC extending major swap participants' reporting procedure for another year.