Forex Jargon

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
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
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

CME Expands With Turkish Lira

CME Group will augment its portfolio of emerging markets currencies products with the introduction of Turkish lira futures contracts denominated in both U.S. dollars (TRY/USD) and in euros (TRY/EUR). The new contracts will trade exclusively on the CME Globex(R) electronic trading platform and are currently scheduled to begin trading in the first quarter of January, 2009.

"We see emerging markets currencies, such as the Turkish lira, as another component in growing our FX business around the world. As Turkey continues its development within the global economy, the lira contract will be a key plank in our growing emerging markets currency products range," said Derek Sammann, CME Group Managing Director of FX Products. "Overall CME Group FX volumes achieved new record highs in September, averaging 835,000 contracts per day, up 32 percent on September 2007, which was a record average daily notional value of $111 billion, up 41 percent."

In the last 12 months, volumes in CME Group's top four emerging markets currencies -- the Russian ruble, Mexican peso, South African rand and Chinese renminbi -- have grown an average of 152 percent. Individually, volumes in the renminbi rose 234 percent, the ruble 178 percent, the rand 141 percent and the peso 56 percent.

CME Group Turkish lira futures are designed to serve global customers by expanding liquidity in this growing currency.

eToro Forex Trading

eToro's Groundbreaking Visual Software Presents a new Approach to Forex Trading (http://www.etoro.com): Innovative Visualization and Adjustment of its Features According to the Level of Experience of Each Particular Trader, all Enabling eToro to Cater to Traders of all Levels of Experience


Once in a while, a product comes along and revolutionizes a whole industry. This has been the case with the unique eToro forex trading platform. Due to its incredible appeal, in just one year eToro has drawn in thousands of people of all ages, from all over the world. From Canada to China, from Spain to Australia, people who have never considered trading forex before - have discovered the wonders of the Forex (http://www.etoro.com) world with eToro.

eToro utilizes an innovative visual interface (a registered patent!) that simplifies forex trading and makes trading user-friendly for traders of all levels of experience. eToro's trading arenas use visualizations that enable traders to trade forex intuitively, for example by trading on an animated world map. By using visual trade representations, eToro makes the complex forex market understandable even to first time traders.

Furthermore, eToro has drawn in countless experienced traders who have opted to switch trading platform in order to benefit from eToro's user-friendly interface and superb trade execution. eToro's 'Expert Mode' allows seasoned traders to focus solely on trading, with all the features a professional trader needs, combined in one all encompassing trading screen that also provides forex news and calendar.

One of the unique characteristics of eToro is its emphasis on community which includes chats, forums and contests. Furthermore, eToro's community can help the trader make his trading decisions with a tool called 'Top Traders' Insight', which lets traders see the most popular trades of eToro's 100 top profiting traders. This tool provides traders with a fantastic opportunity to use the expertise of the pros instead of doing their own market analysis.

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."

Finotec Launches Onlien Trading Platform

Finotec Group, Inc. (OTCBB: FTGI), an on-line foreign exchange company whose UK subsidiary, Finotec Trading UK Limited, is regulated by the FSA in the United Kingdom, has released its White Label On-Line Trading Platform software solution for financial institutions. The solution is being offered to financial institutions looking to enhance their trading business via state-of-the-art technology offered under their own brand name. Finotec's proprietary Finotec Trading Platform delivers real time pricing and high-quality executions, plus integrated charts, news, position management tools, and more. The rich, easy-to-use interface is currently available in several languages, and can easily be adapted to additional local markets. Finotec will offer a number of different pricing choices to clients purchasing the system in order to assist the budgetary needs of the institutions purchasing the solution.

"The Finotec Trading Platform is a beneficial solution for traditional financial services firms seeking to move their FX trading operation online, as well as for established online brokers or trading firms, wanting to expand their product offering," says Didier Essemini, Chairman of the Board and CEO of Finotec Group, Inc. "With demand for online trading reaching record highs, the Finotec trading platform solution will be offered to over 5,000 financial institutions world-wide and can be implemented at leading financial institutions around the world. We expect to start selling this solution immediately."

The benefits of Finotec's proprietary trading platform include a strong fully-integrated risk management and client relationship management system. Finotec's technology can be adapted to suit market making, hedge funds/CTAs, spread trading, institutional retail and proprietary needs. It is a turn-key solution that is adaptable to the specific needs of the end-user. The system also includes a full back-end solution including CRM, back-office, marketing applications, SMS alerts module, statistics and accounting module with real-time P&L reporting.

RBC Capital Markets

RBC Capital Markets is the corporate and investment banking arm of RBC and is active globally in debt origination, sales and trading, foreign exchange, infrastructure finance, structured products, metals and mining, and energy. Its North American platform includes a significant U.S. middle market investment banking franchise and leading equity, underwriting, sales, trading and research businesses. Bloomberg ranks the firm as the 12th largest investment bank globally.

Ava FX

Ava FX is an on-line forex trading brokers, with over 50,000 registered customers worldwide and volumes of more than $20 billion a month. Founded in 2006 by a team of financial professionals and experts in Internet technology.

Ava FX's claimed unique selling point in the world of on-line trading is its user-oriented perspective. While many other trading sites are merely on-line extensions of banking institutions, Ava FX was designed by retail traders who understand the needs of this new and growing market sector. They have a multi-lingual, 24-hour support center to their advanced interface design, Ava FX is built around the user. Their proprietary software leverages the power of the world’s leading banks and financial institutions while providing consumers with an easy-to-use yet functionally rich trading environment.

Ava FX is backed by a major financial institution with over $17 billion in assets under management and is rated “A+” by an S&P affiliated rating agency.

TwoFour Live with New Clien

TwoFour, announced the world’s leading global broker of exchange-listed futures and options, is live with TwoFour. The client licensed TwoFour for its London Treasury business and complete front to back processing across asset classes including foreign exchange, money market, cash management, exchange traded futures and options, OTC options, fixed income and interest rate swaps. Individuals from both firms worked collectively to enhance TwoFour’s product coverage to include interest rate swaps, fixed income, and internal arbitrage, and ended up with an outstanding product that meets the broker’s business requirements while providing the flexibility and scalability they require. The enhancement project leveraged TwoFour’s architecture and Software Development Life Cycle methodology with integrated automated testing and validates TwoFour’s ability to quickly and efficiently help organizations migrate onto their solution.

TwoFour provides a distinct advantage over their previous supplier by leveraging current technology that is designed to evolve as technologies evolve. TwoFour’s flexibility made it easy to quickly configure the application to meet the broker’s specific business needs. Once their required development was complete, the new solution was implemented in just a few months. Activities from the broker’s many businesses are fed into TwoFour in real-time allowing the broker to effectively manage its business as well as its clients’ business. TwoFour provides the broker’s front office with enhanced real-time position and profit and loss information for currency and interest rate exposures to facilitate better decisions in today’s fast moving markets. TwoFour’s integrated workflow and interface tools streamline the back office processing.

Finotec Group

Finotec Group, Inc., a pioneer in online forex trading, developed an internet-based software platform that allows clients to trade in the foreign exchange market. In addition to offering online forex trading, Finotec also offers online trading in indices, equities, commodities, futures and options in one integrated user-friendly system. The Finotec online platform offers real-time pricing and a sophisticated charting tool with over 50 easy-to-use technical indicators.

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.”

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.”

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.