November 14, 2014 BY Mike Fox

Global Trading Systems taps Credit Suisse Electronic Fixed-Income Chief

Katy Burne of the Wall Street Journal broke news today that Ryan Sheftel, the global head of fixed-income electronic trading at Credit Suisse Group AG , left the firm earlier this month to take up a new post at Global Trading Systems LLC, said people familiar with the matter. Global Trading Systems is a large computer-driven…

Read more
November 13, 2014 BY Mike Fox

CFTC issues no-action position and interpretations addressing the holding of customer funds

The U.S. Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight (Division) today issued no-action relief to futures commission merchants (FCMs) concerning the holding of customer funds deposited to margin foreign futures and foreign options transactions under Regulation 30.7. Regulation 30.7 limits the amount of customer margin funds an FCM is permitted to…

Read more
November 12, 2014 BY Mike Fox

FX Transparency partners with oneZero to bring FX TCA to retail brokers

FX Transparency ("FXT"), the largest independent provider of FX transaction cost analysis (FX TCA) to the institutional space globally, today announced a partnership with oneZero Financial Systems, a provider of institutional trade-routing software to the Foreign Exchange market, to bring rTCA(TM) to the retail forex broker community. rTCA(TM) is a version of FX Transparency's flagship…

Read more
November 11, 2014 BY Mike Fox

Ruble weakens day after decision to allow free float

The ruble resumed its dramatic slide on Tuesday, a day after the Central Bank floated the currency, which has been driven sharply lower by falling oil prices and economic sanctions imposed over Russia's policy in Ukraine. On Tuesday, the ruble lost around 1.1% against the dollar by evening, falling to 46.4 rubles per dollar after…

Read more