Metamako takes latency down to 2 nanoseconds in benchmark testing LeapRate

April 22, 2014 BY Andrew Saks-McLeod

Metamako takes latency down to 2 nanoseconds in benchmark testing

The technological arms race to bring latency to zero remains in full swing, as Australian technology company Matamako completes benchmark testing Metamako, a supplier of ultra-low latency devices to exchanges and the trading community which is based in Australia, has announced the results of STAC-N1 Benchmarks carried out by the Securities Technology Analysis Center (STAC).…

April 22, 2014 BY Andrew Saks-McLeod

Singapore courts wealthy Brunei as commercial ally in prominent APAC region

Asia's largest FX center, Singapore, embraces free market-style currency interchangeability and majors on market commonality as it enters an MOU with Brunei The Monetary Authority of Singapore (MAS) and Autoriti Monetari Brunei Darussalam (AMBD) have signed a Memorandum of Understanding (MOU) on bilateral cooperation. Brunei, a Kingdom located in South East Asia, whilst not well…

April 22, 2014 BY Andrew Saks-McLeod

ASIC considers funds passport between APAC nations: Will Australia become world FX base?

With the ability for fund managers, FX firms and IBs to passport funds between Australia and its Asia-Pacific neighbors, Australia could become the world's bridge to the most lucrative regions Australia is widely regarded as a highly valuable region from which Western firms can do business with the coveted Far East. The seizmic shift in…

April 22, 2014 BY Andrew Saks-McLeod

MONEX Inc releases annual results - commission revenue doubles, exchange-traded FX takes a tumble

Despite MONEX Inc having doubled its brokerage commission revenue compared with the previous financial year, its overall revenues and net income during the initial part of 2014 is the lowest since early 2013. MONEX Inc, a major wholly-owned subsidiary of Japanese giant MONEX Group, has today released its financial results for the fiscal year ended…

April 21, 2014 BY Andrew Saks-McLeod

Her Majesty goes hi-tech, presents Gold-i with Queen's Award for Innovation

Gold-i receives the Queen's Award for innovation, CEO Tom Higgins to attend reception at Buckingham Palace Ordinarily, it is widely recognized in the FX industry that all awards are completely bogus and are provided to companies in return for some other consideration. On this basis, LeapRate avoids all mention of awards whether they are provided…

April 18, 2014 BY Andrew Saks-McLeod

Once bitten, twice shy? Will MtGox creditors lend a hand to potential investors?

In its quest to revive the ill-fated Japanese bitcoin exchange, the high-profile investment group interested in purchasing it resorts to the unorthodox method of seeking the assistance of MtGox's creditors Following the announcement last week that a group of investors is seeking to revive bankrupt Bitcoin exchange MtGox, a website has been launched in order…

April 18, 2014 BY Andrew Saks-McLeod

European FX firms likely to escape clearing obligation under ESMA

ESMA Chair Steven Maijoor has inferred that it is unlikely that FX trades will be subject to clearing requirement as EMIR and MiFID II draw closer. The question as to whether Europe will impose institutional-style FX trade clearing and reporting measures on retail FX firms was indeed a matter for many FX firms to consider…

April 18, 2014 BY Andrew Saks-McLeod

Derivatives trading at Moscow Exchange resumed at 23.00 yesterday

An outage of just over one hour occurred on the Moscow Exchange derivatives market yesterday. Will confidence be affected? Derivatives trading at Moscow Exchange (MOEX) resumed late yesterday evening after an outage of just over one hour. The Russian venue did not elaborate as to the reason for the disruption, which occurred at 21.43 local…

April 17, 2014 BY Gerald Segal

Moscow Exchange suspends derivatives market trading

Cause of suspension still unknown, nor when trading might resume. Moscow Exchange, Russia's largest securities exchange group, has made a terse announcement that it has suspended all derivatives trading for the time being. No reason was given, other than the ME stating that the cause of the suspension is being investigated, and that trading resumption time…

April 17, 2014 BY Gerald Segal

EU: FX dealers won't face the added cost of having to clear some currency trades...yet

The unified bloc's executive European Commission is deciding whether part of the $5.3 trillion (3.15 trillion pounds) a day foreign exchange market should be legally defined as derivatives under the bloc's laws According to a report in Reuters, foreign exchange dealers won't face the added cost of having to clear some currency trades if the…