August 19, 2014 BY Mike Fox

ParFX named Technology Project of the Year in The Banker magazine

ParFX, the wholesale electronic trading platform delivering renewed transparency and equality in global spot FX, has been named Technology Project of the Year in the Dealing/Trading category by The Banker magazine, in recognition of its success in introducing fairness and equality into the world’s largest financial market – Forex. Created by the market, for the…

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August 19, 2014 BY Mike Fox

WSJ: Second ex-Rabobank trader pleads guilty over Libor

The Wall Street Journal's Anna Prior is reporting that another former yen trader for Dutch bank Rabobank Group NV has pleaded guilty to charges that he participated in a scheme to manipulate the benchmark London interbank offered rate, or Libor. The trader, U.K. citizen Paul Robson, pleaded guilty Monday in a New York federal court…

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August 19, 2014 BY Mike Fox

Swissquote Daily Technical Report: USD/CHF - Monitor the short-term declining channel

In Swissquote’s Tuesday short term technical trading report, the research team outlines the major technical levels of popular currency instruments with forecasts, below is the outline for USD/CHF and USD/CAD. To view and download (PDF) the entire report, click here. USD/CHF: Monitor the short-term declining channel • USD/CHF strengthened yesterday, erasing all the losses made…

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August 18, 2014 BY Mike Fox

BTIG LLC further expands FX trading arm, Chicago-based team opens new FX Desk

BTIG LLC, a global financial services firm specializing in institutional trading, investment banking and related brokerage services, announced today that it has opened a new Chicago-based FX desk with the hires of Michael Artim, Brandon Walsh and Chris Karabelas. Since establishing its global FX trading desk in New York in late 2012, BTIG has been…

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August 18, 2014 BY Mike Fox

TriOptima compression reaches $500 trillion in eliminated notional principal

TriOptima, provider of OTC derivative post trade services, today announces that market participants have eliminated $500 trillion in notional principal outstanding since it introduced triReduce, its multilateral compression service, in 2003. This milestone includes cleared and uncleared trades across a broad spectrum of products including cleared interest rate swaps and uncleared interest rate swaps in…

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August 18, 2014 BY Mike Fox

AP3, Swedish Third National Pension Fund to use SuperDerivatives’ market data

AP3, Third Swedish national Pension Fund, one of five buffer funds within the Swedish national pension system, has selected SuperDerivatives’ award-winning market data DataX for investments analysis and valuation. AP3 is tasked by the Swedish Parliament with generating maximum possible benefit for the income pension system by managing the fund capital so as to deliver…

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August 18, 2014 BY Mike Fox

FX customized solutions provider Confisio opens new London office

Confisio, the provider of cost effective regulatory and operational solutions for financial services, today announces that its new London office is now open for business. Originally based in Cyprus, Confisio’s London office will allow the firm to service local and European clients from a convenient location as Confisio continues to grow. Andreas Roussos, Head of…

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August 18, 2014 BY Mike Fox

Cantor Fitzgerald continues expansion of its FX sales and trading team

Reuters is reporting that Cantor Fitzgerald, leading global financial services firm, today announced the continued expansion of its Foreign Exchange (FX) Sales and Trading group with the appointment of Joseph Pinto as Senior Managing Director and Stephan McElreath as Vice President. Mr. Pinto and Mr. McElreath will be responsible for building out Cantor's global FX…

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