SaxoWebTrader
Online FX trading tool from Saxo Bank, Features: advanced charting and analysis, Trade 160+ FX crosses including gold and silver pairs, 6000+ CFDs and 11000+ stocks, dealer access, research from Saxo, real-time prices, account summary and portfolio performance
Advanced Trader
FX trading, charting, Java-based, no re-qoutes or re-confirmations, complex orders including contingency orders, analysis, tick-by-tick tradable price feed, real-time margin and position monitoring, From http://www.ac-markets.com
Showing posts with label FX. Show all posts
Showing posts with label FX. Show all posts
Tuesday, 28 October 2008
Friday, 10 October 2008
CME and Reuters to Close FXMarketSpace
CME Group and Thomson Reuters today announced that they will take steps necessary to close FXMarketSpace, the 50/50 joint venture company they introduced in May 2006. All trading on the platform will be suspended at the close of business on 17 October, 2008. During the coming months, CME Group and Thomson Reuters will work closely with FXMarketSpace to ensure an orderly wind down of existing business operations.
Both CME Group's FX futures business and Thomson Reuters FX Spot Matching services continue to reflect strong growth in their respective product lines. CME Group and Thomson Reuters remain committed to offering innovative solutions to the rapidly-growing OTC FX market, and the two companies will explore working together to pursue clearing and operational efficiencies for their customers.
Both CME Group's FX futures business and Thomson Reuters FX Spot Matching services continue to reflect strong growth in their respective product lines. CME Group and Thomson Reuters remain committed to offering innovative solutions to the rapidly-growing OTC FX market, and the two companies will explore working together to pursue clearing and operational efficiencies for their customers.
Tuesday, 7 October 2008
ICE Millions Added In November
ICE Futures U.S.(TM) will launch a suite of million-currency-unit foreign exchange (FX) futures contracts on November 6, 2008. The new futures contracts, known as ICE Millions and first announced on September 24, combine the benefits of futures and OTC products, bringing additional transactional efficiencies and risk management tools to the FX marketplace. ICE Millions are ten times the notional value of the existing suite of ICE FX futures and options contracts. ICE Futures U.S. also lists the U.S. Dollar Index(R) futures, which will remain the existing notional size of $1000 times the index value.\
The following contracts comprise the suite of 12 FX pairs:
Million Euro-U.S. dollar (IEO)
Million British pound - U.S. dollar (IMP)
Million U.S. dollar - Canadian dollar (ISV)
Million U.S. dollar - Japanese yen (ISN)
Million U.S. dollar - Swiss franc (IMF)
Million U.S. dollar - Swedish krona (IKX)
Million Euro - British pound (IGB)
Million Euro - Canadian dollar (IEP)
Million Euro - Japanese yen (IEJ)
Million Euro - Swedish krona (IRK)
Million Euro - Swiss franc (IRZ)
Million Aussie dollar - U.S. dollar (IAU)
Beginning November 6, ICE Millions will trade electronically on the ICE trading platform, which features the fastest trade execution times in the futures industry today. The primary benefits of the ICE Millions contracts include:
-- Centralized clearing and transaction anonymity, both of which are inherent in futures market transactions;
-- Transaction cost efficiencies compared to existing futures and OTC FX offerings;
-- Deep liquidity with at least 10 market makers;
-- Contract prices quoted using over-the-counter market convention (i.e.: the Million Euro-U.S. dollar contract will be quoted in U.S. dollars per Euro to five decimal places).
-- The rate for ICE Millions futures contracts is $1.35 per side, or per million currency unit, inclusive of exchange and clearing fees.
-- Simplicity of hedging cash market exposure with OTC-style contract design and quotation methodology for funds and proprietary traders active in the cash FX markets; and
-- Elimination of the need to roll daily cash positions.
The following contracts comprise the suite of 12 FX pairs:
Million Euro-U.S. dollar (IEO)
Million British pound - U.S. dollar (IMP)
Million U.S. dollar - Canadian dollar (ISV)
Million U.S. dollar - Japanese yen (ISN)
Million U.S. dollar - Swiss franc (IMF)
Million U.S. dollar - Swedish krona (IKX)
Million Euro - British pound (IGB)
Million Euro - Canadian dollar (IEP)
Million Euro - Japanese yen (IEJ)
Million Euro - Swedish krona (IRK)
Million Euro - Swiss franc (IRZ)
Million Aussie dollar - U.S. dollar (IAU)
Beginning November 6, ICE Millions will trade electronically on the ICE trading platform, which features the fastest trade execution times in the futures industry today. The primary benefits of the ICE Millions contracts include:
-- Centralized clearing and transaction anonymity, both of which are inherent in futures market transactions;
-- Transaction cost efficiencies compared to existing futures and OTC FX offerings;
-- Deep liquidity with at least 10 market makers;
-- Contract prices quoted using over-the-counter market convention (i.e.: the Million Euro-U.S. dollar contract will be quoted in U.S. dollars per Euro to five decimal places).
-- The rate for ICE Millions futures contracts is $1.35 per side, or per million currency unit, inclusive of exchange and clearing fees.
-- Simplicity of hedging cash market exposure with OTC-style contract design and quotation methodology for funds and proprietary traders active in the cash FX markets; and
-- Elimination of the need to roll daily cash positions.
Monday, 8 September 2008
Wizetrade Group
Founded in 1999, The Wizetrade Group, LLP provides traders of all experience levels with a suite of software products and investor training classes that assist them with their trading selections. This suite of products includes Wizetrade(R) Stocks, Wizetrade(R) FOREX, Wizetrade(R) Options, Wizetrade(R) Commodities, CommandTRADE(R), CommandTRADE(R) FX, and the scanner tools WizeFinder(R), 4XTracker(R) and Option Hunter(R). Through Wizetrade TV and Wizetrade University, individual investors take advantage of a wide range of workshops, classes and online resources that enable them to make confident trading decisions. For more information about The Wizetrade Group and its products, visit http://www.wizetrade.com/
Friday, 5 September 2008
TraderTools In German Deployment
TraderTools LLC (TraderTools), a provider of business solutions, software and services to financial institutions trading in FX, announced today that BHF-BANK (BHF), one of the largest private banks in Germany, has licensed TraderTools' Liquidity Management Platform (LMP) to facilitate FX trading. Headquartered in Frankfurt, BHF manages large FX trading volumes every day and intends to use TraderTools' LMP as the core front-office system for its Currency Trading Department.
The TraderTools Liquidity Management Platform is the only system to integrate the four disciplines of electronic FX trading: pricing, dealing, order management and execution. Its unique Dynamic Liquidity Manager(TM) monitors and controls inward and outward liquidity flows and makes pricing and execution decisions in real time. For example, BHF will be able to take advantage of auto-hedging capabilities based on positions.
"With TraderTools' Liquidity Management Platform, not only can we aggregate liquidity and see full market depth on a single screen," explained Joerg Isselmann, Head of the Currency Division of BHF. "We can also manage orders and execute manually or automatically according to pre-defined rules, with the added benefit of full STP. No other solution we have seen in the market can currently provide that kind of functionality."
"We are excited about BHF joining the ranks of leading FX traders seeking our liquidity management solutions," added Mark Mayerfeld, Executive VP, International Sales at TraderTools. "Following license agreements with Julius Baer and TD Securities, we intend to support our customers fully with quick implementation and expert advice every step of the way."
The TraderTools Liquidity Management Platform is the only system to integrate the four disciplines of electronic FX trading: pricing, dealing, order management and execution. Its unique Dynamic Liquidity Manager(TM) monitors and controls inward and outward liquidity flows and makes pricing and execution decisions in real time. For example, BHF will be able to take advantage of auto-hedging capabilities based on positions.
"With TraderTools' Liquidity Management Platform, not only can we aggregate liquidity and see full market depth on a single screen," explained Joerg Isselmann, Head of the Currency Division of BHF. "We can also manage orders and execute manually or automatically according to pre-defined rules, with the added benefit of full STP. No other solution we have seen in the market can currently provide that kind of functionality."
"We are excited about BHF joining the ranks of leading FX traders seeking our liquidity management solutions," added Mark Mayerfeld, Executive VP, International Sales at TraderTools. "Following license agreements with Julius Baer and TD Securities, we intend to support our customers fully with quick implementation and expert advice every step of the way."
Friday, 4 April 2008
Foreign Exchange Terms
Arbitrage
Simultaneous sale and purchase of identical or equivalent financial instruments or commodity futures to benefit from a discrepancy in their prices.
Bank Of England
UK Central Bank
Bank Of Japan
Japan's Central Bank
Contract
1) Unit of trading for a financial or commodity future.
2) Bilateral agreement between buyer and seller (parties) of a futures or options on futures transaction. Defined by the exchange.
ECB
European Central Bank
Fiserv
provider of technology solutions for the financial and insurance industries.
FXall
Foreign exchange platform
Samurai Bond
A yen bond from a foreign company issued in Japan
FXall Up 39%
FXall, the world's leading foreign exchange platform, today announced trading volumes for the first quarter of 2008 of $4.1 trillion, an increase of 39% year on year.
The growth in volumes is driven by demand from both existing and new clients including asset managers, corporations, banks, broker-dealers and hedge funds. Active traders, algorithmic strategies and diversification by institutional investors who have embraced FX as an asset class have contributed to the strong growth in volumes.
FXall supports its clients through continuous investment in the technology and services they require. As an independent platform, FXall is committed to ensuring it continues to attract the deepest liquidity, therefore providing a diverse and valuable service to the broadest range of participants in the market.
Phil Weisberg, Chief Executive Officer of FXall, commented: “FXall has achieved consistent growth with volumes nearly tripling over the past three years. Investment in the products and services our clients demand remains a priority and we continue to innovate to provide a broad range of execution methods to match diverse client requirements.”
The growth in volumes is driven by demand from both existing and new clients including asset managers, corporations, banks, broker-dealers and hedge funds. Active traders, algorithmic strategies and diversification by institutional investors who have embraced FX as an asset class have contributed to the strong growth in volumes.
FXall supports its clients through continuous investment in the technology and services they require. As an independent platform, FXall is committed to ensuring it continues to attract the deepest liquidity, therefore providing a diverse and valuable service to the broadest range of participants in the market.
Phil Weisberg, Chief Executive Officer of FXall, commented: “FXall has achieved consistent growth with volumes nearly tripling over the past three years. Investment in the products and services our clients demand remains a priority and we continue to innovate to provide a broad range of execution methods to match diverse client requirements.”
BNY ConvergEx Group Asian Appointment
BNY ConvergEx Group, LLC, a leading provider of global agency brokerage and investment technology solutions, today announced the appointment of Luis Camacho as Head of ConvergEx Global Markets Asia. He will be based in Hong Kong and report to Anthony Blumberg in New York. ConvergEx Global Markets specializes in global agency trading in over 94 markets worldwide, including global portfolio trading, single stock and block-trading, portfolio rebalancing, foreign exchange and liquidations.
Mr. Camacho, previously a Senior Vice President for ConvergEx Global Markets in New York, will now manage all aspects of that business in the Asia Pacific region, which includes overseeing all sales and trading, client development, and trading technology infrastructure. Prior to joining BNY ConvergEx Group, Mr. Camacho held a number of senior trading positions at JP Morgan, Credit Agricole, and Societe Generale.
Joseph M. Velli, Chairman and Chief Executive Officer of BNY ConvergEx Group, commented, "Ensuring the continued strength of our global trading capabilities is essential to meeting the investment needs of our clients. We are extremely pleased to have a person of Luis's caliber take on a leadership role in a business and region that is central to the ConvergEx franchise."
"Luis brings an abundance of international trading expertise and a wealth of relationships in the local and global institutional investment community to his new role as head of ConvergEx Global Markets Asia," commented Anthony Blumberg, Chief Executive Officer of ConvergEx Global Markets. "I am confident that our clients in Asia and throughout the world will benefit significantly from this appointment."
In addition to appointing a new head of ConvergEx Global Markets Asia, ConvergEx also recently enhanced its client servicing capabilities in Japan through the hire of Yasuo Kitagawa as Head of Japan Product Sales for BNY Global Transition Management. Mr. Kitagawa is responsible for business development in Japan for the pension fund, insurance and asset management sectors, working with clients to develop and implement cost efficient transition management strategies.
Mr. Camacho, previously a Senior Vice President for ConvergEx Global Markets in New York, will now manage all aspects of that business in the Asia Pacific region, which includes overseeing all sales and trading, client development, and trading technology infrastructure. Prior to joining BNY ConvergEx Group, Mr. Camacho held a number of senior trading positions at JP Morgan, Credit Agricole, and Societe Generale.
Joseph M. Velli, Chairman and Chief Executive Officer of BNY ConvergEx Group, commented, "Ensuring the continued strength of our global trading capabilities is essential to meeting the investment needs of our clients. We are extremely pleased to have a person of Luis's caliber take on a leadership role in a business and region that is central to the ConvergEx franchise."
"Luis brings an abundance of international trading expertise and a wealth of relationships in the local and global institutional investment community to his new role as head of ConvergEx Global Markets Asia," commented Anthony Blumberg, Chief Executive Officer of ConvergEx Global Markets. "I am confident that our clients in Asia and throughout the world will benefit significantly from this appointment."
In addition to appointing a new head of ConvergEx Global Markets Asia, ConvergEx also recently enhanced its client servicing capabilities in Japan through the hire of Yasuo Kitagawa as Head of Japan Product Sales for BNY Global Transition Management. Mr. Kitagawa is responsible for business development in Japan for the pension fund, insurance and asset management sectors, working with clients to develop and implement cost efficient transition management strategies.
Monday, 31 March 2008
FXMarketSpace Launches FXSettle
FXMarketSpace, the first centrally-cleared, global foreign exchange (FX) platform for the over the counter (OTC) market, today announced the launch of FXSettle, a ground breaking settlement solution that delivers advances in both the risk management and cost model for institutional FX transactions.
Live for the past two months, FXSettle is currently available through two global settlement banks, with another in the process of becoming live. This service benefits both their prime brokerage customers and their in-house trading over the FXMarketSpace platform. With the introduction of FXSettle, customers now have a choice in how they settle completed trades and have the potential to substantially cut settlement costs. FXSettle securely routes trades dealt on FXMarketSpace directly to the customer’s bank or agent for settlement, providing increased efficiency whilst guaranteeing against both settlement risk and replacement risk.
FXMarketSpace now provides its customers with:
• Broad access - enabled by CME Group’s Globex® API, over 100,000 Reuters FX desktops and a growing list if Independent Software Vendors
• Total transparency - where all prices are available to all participants
• Trading anonymity - through a central counterparty model that enables all customers to buy and sell without having their name disclosed
• Robust, scalable technology – that supports minimum latency and maximum order throughput
• Efficient settlement services - that minimise risk and reduce costs
Mark Robson, Chief Executive Officer, FXMarketSpace, said, “FXSettle provides the market with a secure, low cost settlement framework that enables further growth in the global FX markets. By building partnerships with CME Clearing and leading settlement banks, FXMarketSpace can now deliver this unique solution, providing customers with cost reductions whilst ensuring the highest level of protection against both replacement risk and settlement risk.”
Live for the past two months, FXSettle is currently available through two global settlement banks, with another in the process of becoming live. This service benefits both their prime brokerage customers and their in-house trading over the FXMarketSpace platform. With the introduction of FXSettle, customers now have a choice in how they settle completed trades and have the potential to substantially cut settlement costs. FXSettle securely routes trades dealt on FXMarketSpace directly to the customer’s bank or agent for settlement, providing increased efficiency whilst guaranteeing against both settlement risk and replacement risk.
FXMarketSpace now provides its customers with:
• Broad access - enabled by CME Group’s Globex® API, over 100,000 Reuters FX desktops and a growing list if Independent Software Vendors
• Total transparency - where all prices are available to all participants
• Trading anonymity - through a central counterparty model that enables all customers to buy and sell without having their name disclosed
• Robust, scalable technology – that supports minimum latency and maximum order throughput
• Efficient settlement services - that minimise risk and reduce costs
Mark Robson, Chief Executive Officer, FXMarketSpace, said, “FXSettle provides the market with a secure, low cost settlement framework that enables further growth in the global FX markets. By building partnerships with CME Clearing and leading settlement banks, FXMarketSpace can now deliver this unique solution, providing customers with cost reductions whilst ensuring the highest level of protection against both replacement risk and settlement risk.”
Saturday, 29 March 2008
Bank Of New York Mellon Awards
The Bank of New York Mellon has received first-place rankings in all major categories in Global Investor magazine's 2008 Foreign Exchange Survey, including Best FX Service Overall. Survey respondents represent a broad sampling of global asset managers and hedge funds. Results of this year's survey appear in the March issue of Global Investor.
The Bank of New York Mellon received an unprecedented 24 first-place rankings in this year's survey across all principal areas of FX service, including best FX service overall for real money and hedge fund investors; best research and trading in developed, Asia-Pacific and emerging markets; best FX strategy solutions; best sales coverage; best risk management; and best portfolio management technology.
"When we introduced ourselves as a new company last year, we asked the question, 'Who's helping you?'," said Jorge Rodriguez, managing director and head of global foreign exchange sales for The Bank of New York Mellon. "As this year's survey results indicate, we're redefining the notion of helping our clients. By successfully executing our integration plan, we're moving our business to entirely new levels of capability and performance."
Examples of FX product and service innovations introduced since the debut of The Bank of New York Mellon's Global Markets division last year include the daily distribution of currency research focused on new geographies, the development of a proprietary on-line hedging platform, and a significant expansion of trading activities involving frontier market currencies.
The Global Markets division encompasses The Bank of New York Mellon's foreign exchange, interest-rate and equity risk management businesses. Maintaining nine sales and trading desk locations around the world and active in more than 100 currency markets, Global Markets is a major presence in world financial centers and provides a full array of trading, research and e- commerce products to institutional fund managers, corporations and government entities throughout the world. Additional information is available at www.bnymellon.com/globalmarkets.
The Bank of New York Mellon received an unprecedented 24 first-place rankings in this year's survey across all principal areas of FX service, including best FX service overall for real money and hedge fund investors; best research and trading in developed, Asia-Pacific and emerging markets; best FX strategy solutions; best sales coverage; best risk management; and best portfolio management technology.
"When we introduced ourselves as a new company last year, we asked the question, 'Who's helping you?'," said Jorge Rodriguez, managing director and head of global foreign exchange sales for The Bank of New York Mellon. "As this year's survey results indicate, we're redefining the notion of helping our clients. By successfully executing our integration plan, we're moving our business to entirely new levels of capability and performance."
Examples of FX product and service innovations introduced since the debut of The Bank of New York Mellon's Global Markets division last year include the daily distribution of currency research focused on new geographies, the development of a proprietary on-line hedging platform, and a significant expansion of trading activities involving frontier market currencies.
The Global Markets division encompasses The Bank of New York Mellon's foreign exchange, interest-rate and equity risk management businesses. Maintaining nine sales and trading desk locations around the world and active in more than 100 currency markets, Global Markets is a major presence in world financial centers and provides a full array of trading, research and e- commerce products to institutional fund managers, corporations and government entities throughout the world. Additional information is available at www.bnymellon.com/globalmarkets.
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