Forex Capital Markets LLC (www.fxcm.com) today announced it has reached an agreement to acquire certain assets of the U.S. retail forex business of Hotspot FXr LLC to further expand the liquidity offered via its Active Trader platform. Hotspot FXr's affiliate, Hotspot FXi LLC, will continue to offer its platform for institutional FX trading.
"Hotspot FXr is a major innovator in the field of fair and transparent pricing. While the retail clients of Hotspot FXr will be moving to a new platform, they will continue to receive pricing which is free of influences from the dealing desk," said Drew Niv, CEO of Forex Capital Markets (FXCM). "Every price is derived from a major bank and every trade is offset. FXCM and Hotspot FXr share the same fair pricing principles."
Hotspot FXr's retail forex business is a perfect fit with FXCM's focus on expanding its Active Trader Group. FXCM's Active Trader platform was developed to meet the needs of non-institutional traders exceeding $10 million in monthly volume. The Active Trader platform is revolutionary in the retail forex space, offering pricing transparency, with a five level display of market depth.
The deep liquidity available through FXCM's Active Trader platform derives from the firm's long standing liquidity relationships with many of the world's largest banks and financial institutions. The platform provides agency (no dealing desk) execution where all trades are offset, with FXCM taking no market risk. This enables FXCM to focus on obtaining competitive pricing and providing the best technology to its clients.
Showing posts with label forex. Show all posts
Showing posts with label forex. Show all posts
Monday, 2 February 2009
Wednesday, 29 October 2008
Currency Magazine Launched
EIN News, and the currency trading firm Xforex have entered into an advertising agreement to provide more extensive up-to-the-minute news about currency exchange and other aspects of the world of international finance.
The recent market turmoil has triggered a substantial increase in currency trading and, at the same time, a rising need for alternative sources of breaking financial news.
According to Xforex spokesman Mark Leigh, market interest in foreign currency trading rises in times of unrest. "Most people don't give a second thought to foreign currency until markets collapse. Once that happens, everyone wants to get in on the action," Leigh said. "Though there are bound to be losses, it is actually in these shaky times when many dramatic profits are made."
The French Press Agency (AFP) reported last week that recent financial events have "people flocking to the Internet for the latest money news along with tips on how to salvage investments." EIN News' financial publications have seen a significant rise in subscriptions. EIN News portal Finance Industry Today experienced a 500% increase in traffic during the month of September. Responding to this demand, EIN News recently launched FOREX Trading News Today to fill an important gap in financial news coverage.
EIN News was established in Central Europe in 1995, and through the years has built more than 200,000 individual topic news feeds organized within 50 news sites. The company has launched the well-known "Russia Today" brand and opened internet news access to China with "Inside China Today." Offering a unique combination of human editing and proprietary scanning software, EIN News won Europe's coveted Momentum Award as the most innovative internet company on the continent. Serving thousands of customers daily, the company distributes its feeds via email or mobile news alerts, online and other channels such as Newsfeedmaker.com.
For more information: www.einnews.info
The recent market turmoil has triggered a substantial increase in currency trading and, at the same time, a rising need for alternative sources of breaking financial news.
According to Xforex spokesman Mark Leigh, market interest in foreign currency trading rises in times of unrest. "Most people don't give a second thought to foreign currency until markets collapse. Once that happens, everyone wants to get in on the action," Leigh said. "Though there are bound to be losses, it is actually in these shaky times when many dramatic profits are made."
The French Press Agency (AFP) reported last week that recent financial events have "people flocking to the Internet for the latest money news along with tips on how to salvage investments." EIN News' financial publications have seen a significant rise in subscriptions. EIN News portal Finance Industry Today experienced a 500% increase in traffic during the month of September. Responding to this demand, EIN News recently launched FOREX Trading News Today to fill an important gap in financial news coverage.
EIN News was established in Central Europe in 1995, and through the years has built more than 200,000 individual topic news feeds organized within 50 news sites. The company has launched the well-known "Russia Today" brand and opened internet news access to China with "Inside China Today." Offering a unique combination of human editing and proprietary scanning software, EIN News won Europe's coveted Momentum Award as the most innovative internet company on the continent. Serving thousands of customers daily, the company distributes its feeds via email or mobile news alerts, online and other channels such as Newsfeedmaker.com.
For more information: www.einnews.info
Tuesday, 28 October 2008
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
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
SaxoWebTrader
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
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
Wednesday, 22 October 2008
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.
"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.
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, 29 September 2008
Banking Crisis Good For ACM
When asked how the current financial crisis impacted ACM's Business, Managing Director, Nick Bang said: "The current turmoil in the financial, and mostly banking sector, generated huge volatility in the market. Most of our customers consider these moves as more profit opportunities. As a matter of fact ACM traded volume soared consistently in recent weeks."
ACM claims to be a leader in Online Currency Trading and as such is not exposed to any of the risky products which are the focus point of the crisis at the moment.
"Our clients are able to take advantage of the most effective tools and services to successfully handle the foreign exchange market, the volatile conditions give them more opportunities of trading," says Bang.
With a recent rise of its share capital to 20 millions Swiss Francs, ACM is the largest capitalised Swiss online currency broker. "For some banking actors the interdependency of capitals turned to domino's theory disaster." says Bang, "ACM's financing strategy is based on independent capital. We are simply not concerned with this crisis. Moreover, we are working with a wide panel of providers granting us almost endless liquidity," he added.
ACM claims to be a leader in Online Currency Trading and as such is not exposed to any of the risky products which are the focus point of the crisis at the moment.
"Our clients are able to take advantage of the most effective tools and services to successfully handle the foreign exchange market, the volatile conditions give them more opportunities of trading," says Bang.
With a recent rise of its share capital to 20 millions Swiss Francs, ACM is the largest capitalised Swiss online currency broker. "For some banking actors the interdependency of capitals turned to domino's theory disaster." says Bang, "ACM's financing strategy is based on independent capital. We are simply not concerned with this crisis. Moreover, we are working with a wide panel of providers granting us almost endless liquidity," he added.
Monday, 22 September 2008
Trading Technology Shorts
Xasax Joins Exegy Ticker Plant
Exegy, Inc., the innovator behind the Exegy Ticker Plant, announced today that Xasax Corporation has become the newest Exegy Ticker Plant customer. Xasax Joins Exegy Ticker Plant- -Exegy, Inc., the innovator behind the Exegy Ticker Plant, announced today that Xasax Corporation has become the newest Exegy Ticker Plant customer.
Rimes Adds the Yield Book
RIMES Technologies has added The Yield Book analytics to its data portfolio. The Yield Book models calculate yield, risk, and return measures consistently for a broad spectrum of bonds, enabling users to perform analysis on portfolios comprising a wide range of fixed income security types, such as government, agency, corporate, international and emerging market bonds, mortgages and fixed income derivatives. Rimes Adds the Yield Book- -RIMES Technologies has added The Yield Book analytics to its data portfolio. The Yield Book models calculate yield, risk, and return measures consistently for a broad spectrum of bonds, enabling users to perform analysis on portfolios comprising a wide range of fixed income security types, such as government, agency, corporate, international and emerging market bonds, mortgages and fixed income derivatives.
Cognotec and MNI Forex for RealStream Margin
Cognotec, vendor of the world’s leading e-forex trading solutions, has announced a partnership with Market News International (MNI) to enable traders to access breaking forex market news from around the world. Users of Cognotec RealStream Margin trading solution can now enjoy MNI’s ‘FX Bullet Points’ newsfeed on their desktops from within the RealStream Margin trading platform. Cognotec and MNI Forex for RealStream Margin- -Cognotec, vendor of the world’s leading e-forex trading solutions, has announced a partnership with Market News International (MNI) to enable traders to access breaking forex market news from around the world. Users of Cognotec RealStream Margin trading solution can now enjoy MNI’s ‘FX Bullet Points’ newsfeed on their desktops from within the RealStream Margin trading platform.
Paulson Bad Bank Goes to Congress
The government plan to stabilise the US financial system has been submitted to Congress in revised form.Treasury secretary Henry Paulson has shifted the terms of the $700 billion scheme to incorporate other "bad" assets, apart from complex financial products relating to the mortgage market.The government wants to use the fund to form a "bad bank", in which banks would be allowed to put the toxic derivatives which are currently clogging up their balance sheets. Paulson Bad Bank Goes to Congress- -The government plan to stabilise the US financial system has been submitted to Congress in revised form.Treasury secretary Henry Paulson has shifted the terms of the $700 billion scheme to incorporate other "bad" assets, apart from complex financial products relating to the mortgage market.The government wants to use the fund to form a "bad bank", in which banks would be allowed to put the toxic derivatives which are currently clogging up their balance sheets.
Morgan Stanley and Goldman Sachs Convert to Retail Banks
The last two Wall Street securitisation firms standing are to cease trading as investment banks.Morgan Stanley and Goldman Sachs are to become bank holding companies, which potentially means that they will soon accept customer deposits.Both banks will also now be more directly regulated by the Federal Reserve. Morgan Stanley and Goldman Sachs Convert to Retail Banks- -The last two Wall Street securitisation firms standing are to cease trading as investment banks.Morgan Stanley and Goldman Sachs are to become bank holding companies, which potentially means that they will soon accept customer deposits.Both banks will also now be more directly regulated by the Federal Reserve.
NYSE Euronext Advanced Trading Equities in a Box
NYSE Euronext Advanced Trading Solutions, a world leader in low latency trading technology and division of NYSE Euronext (NYX), today announced an innovative software based solution that has the capability to comfortably handle 10 major US equities feeds on a single server with potential headroom of 3x current market peak capacity. NYSE Euronext Advanced Trading Equities in a Box- -NYSE Euronext Advanced Trading Solutions, a world leader in low latency trading technology and division of NYSE Euronext (NYX), today announced an innovative software based solution that has the capability to comfortably handle 10 major US equities feeds on a single server with potential headroom of 3x current market peak capacity.
Shinhan Bank Selects Everlink
Everlink, a leading provider of electronic payments services in the Canadian marketplace, has announced that Shinhan Bank Canada, a wholly owned subsidiary of Shinhan Financial Group Co. Ltd., has entered into an agreement with Everlink for issuing and acquiring services. Shinhan Bank Selects Everlink- -Everlink, a leading provider of electronic payments services in the Canadian marketplace, has announced that Shinhan Bank Canada, a wholly owned subsidiary of Shinhan Financial Group Co. Ltd., has entered into an agreement with Everlink for issuing and acquiring services.
OTP Bank 1st USD/RUB Deal
OTP Bank (Russia) made its first USD/RUB spot deal as a market-maker on LavaFX trading platform with Dresdner Kleinwort, through legal entity Dresdner Bank AG, as prime broker."We consider this a very important event for the financial markets, - says Igor Suzdaltsev, head of financial institutions at OTP Bank (Russia). Ruble deals started at LavaFX on August 22nd, 2007 but it was hard to increase ruble trades due to small limits on Russian banks. OTP Bank 1st USD/RUB Deal- -OTP Bank (Russia) made its first USD/RUB spot deal as a market-maker on LavaFX trading platform with Dresdner Kleinwort, through legal entity Dresdner Bank AG, as prime broker."We consider this a very important event for the financial markets, - says Igor Suzdaltsev, head of financial institutions at OTP Bank (Russia). Ruble deals started at LavaFX on August 22nd, 2007 but it was hard to increase ruble trades due to small limits on Russian banks.
Dow Jones Alliance with EFE
Dow Jones, a leading provider of global business news and information services, has signed a strategic alliance with Agencia EFE, the world’s fourth-largest news agency. Together they will develop an exclusive joint Spanish-language news service – EFE Dow Jones News - to serve financial professionals, corporations, media, institutions and private investors in Spain. Dow Jones Alliance with EFE- -Dow Jones, a leading provider of global business news and information services, has signed a strategic alliance with Agencia EFE, the world’s fourth-largest news agency. Together they will develop an exclusive joint Spanish-language news service – EFE Dow Jones News - to serve financial professionals, corporations, media, institutions and private investors in Spain.
Impulse Software and Syndicate Asset Management
Paul Mepham, Sales Director at Pulse explains; Syndicate Asset Management is an AIM listed specialist investor in the global asset management industry with approaching £6 billion funds under management. Syndicate Asset Management has built a strong fund management group by consolidating a diverse, yet complementary, group of growing asset management companies based predominantly in the UK but also in the EU and other “offshore” centres. Impulse Software and Syndicate Asset Management- -Paul Mepham, Sales Director at Pulse explains; Syndicate Asset Management is an AIM listed specialist investor in the global asset management industry with approaching £6 billion funds under management. Syndicate Asset Management has built a strong fund management group by consolidating a diverse, yet complementary, group of growing asset management companies based predominantly in the UK but also in the EU and other “offshore” centres.
Orc Software Selected by Liquidez
Orc Software (SSE: ORC), the leading global provider of technology for advanced derivatives trading and connectivity, today announced that Liquidez, one of Brazil’s largest futures brokers, has selected Orc’s trading and connectivity solutions to connect customers to local markets. This deal was booked Q2 2008.Liquidez will use Orc Trader and Orc CameronFIX to directly trade the BM&F, Brazil’s derivatives exchange. Orc Software Selected by Liquidez- -Orc Software (SSE: ORC), the leading global provider of technology for advanced derivatives trading and connectivity, today announced that Liquidez, one of Brazil’s largest futures brokers, has selected Orc’s trading and connectivity solutions to connect customers to local markets. This deal was booked Q2 2008.Liquidez will use Orc Trader and Orc CameronFIX to directly trade the BM&F, Brazil’s derivatives exchange.
TietoEnator Impelemted by Nordic Banks
TietoEnator, one of the largest IT services providers in Europe, announces that SEPA Credit Transfer Solutions (SEPA Bulker) have been implemented for three of the largest Nordic Banks, Swedbank, Handelsbanken and Nordea, as well as for two Danish bureaus, BEC and SDC. The Nordic banks have implemented TietoEnator’s SEPA Credit Transfer solution, group-wide enabling offices in different countries to connect to one single infrastructure. TietoEnator Impelemted by Nordic Banks- -TietoEnator, one of the largest IT services providers in Europe, announces that SEPA Credit Transfer Solutions (SEPA Bulker) have been implemented for three of the largest Nordic Banks, Swedbank, Handelsbanken and Nordea, as well as for two Danish bureaus, BEC and SDC. The Nordic banks have implemented TietoEnator’s SEPA Credit Transfer solution, group-wide enabling offices in different countries to connect to one single infrastructure.
TietoEnator and SEB Enskilda
SEB Enskilda has selected TietoEnator’s capital market solution ProBroker to manage the company’s trading operation at the Oslo Stock Exchange. SEB Enskilda is the largest broker dealer at the Oslo Stock Exchange in terms of number of transactions as well as volumes. The implementation project has been running since vinter 2008 and 1st September SEB Enskilda went sucessfully into production with their new trading clearing and settlement solution. TietoEnator and SEB Enskilda- -SEB Enskilda has selected TietoEnator’s capital market solution ProBroker to manage the company’s trading operation at the Oslo Stock Exchange. SEB Enskilda is the largest broker dealer at the Oslo Stock Exchange in terms of number of transactions as well as volumes. The implementation project has been running since vinter 2008 and 1st September SEB Enskilda went sucessfully into production with their new trading clearing and settlement solution.
Mark Mobius Claims Recession Fears Exaggerated.
Mark Mobius, managing director, Templeton Asset Management, today claimed that widespread and ongoing fears of a European-wide recession have been exaggerated. Mr Mobius suggests the crisis is being led by repetitive and deepening pessimistic sentiment.The reality, he believes, is that excellent buying opportunities, increased liquidity and a new US administration will create favourable conditions for a rapid recovery in late 2009. Mark Mobius Claims Recession Fears Exaggerated.- -Mark Mobius, managing director, Templeton Asset Management, today claimed that widespread and ongoing fears of a European-wide recession have been exaggerated. Mr Mobius suggests the crisis is being led by repetitive and deepening pessimistic sentiment.The reality, he believes, is that excellent buying opportunities, increased liquidity and a new US administration will create favourable conditions for a rapid recovery in late 2009.
LME SMART Connectivity by Brady
Brady plc (BRY.L), the leading supplier of trading and risk management solutions for metals and commodities, has today announced the forthcoming launch of a new interface to LME SMART (the System for Matching and Registering Trades from the London Metal Exchange). LME member firms will be able to interface directly to the LME’s matching system which will forward trades to the London Clearing House (LCH) for clearing. LME SMART Connectivity by Brady- -Brady plc (BRY.L), the leading supplier of trading and risk management solutions for metals and commodities, has today announced the forthcoming launch of a new interface to LME SMART (the System for Matching and Registering Trades from the London Metal Exchange). LME member firms will be able to interface directly to the LME’s matching system which will forward trades to the London Clearing House (LCH) for clearing.
Optial Compliance Management
Optial announced today that the Bank of England has selected Optial’s Compliance Management module from the Optial Operational Risk Management platform, to support its internal control processes. Chris O’Brien, CEO of Optial, said “Every financial institution needs a strong internal control framework and we are delighted that the Bank of England has selected our flexible, workflow-enabled platform to further streamline the Bank’s already very strong monitoring and tracking procedures Optial Compliance Management- -Optial announced today that the Bank of England has selected Optial’s Compliance Management module from the Optial Operational Risk Management platform, to support its internal control processes. Chris O’Brien, CEO of Optial, said “Every financial institution needs a strong internal control framework and we are delighted that the Bank of England has selected our flexible, workflow-enabled platform to further streamline the Bank’s already very strong monitoring and tracking procedures
Temenos Appointments
Temenos (SWX: TEMN), the provider of integrated core banking systems, today announced the following appointments:Keith Stonell has been appointed as Regional Director for Northern Europe (NEU) and Commonwealth of Independent States (CIS), which is one of Temenos' largest and fastest growing regions. Stonell will also be responsible for the integration of the majority of the Financial Objects business, which falls into his regional portfolio. Temenos Appointments- -Temenos (SWX: TEMN), the provider of integrated core banking systems, today announced the following appointments:Keith Stonell has been appointed as Regional Director for Northern Europe (NEU) and Commonwealth of Independent States (CIS), which is one of Temenos' largest and fastest growing regions. Stonell will also be responsible for the integration of the majority of the Financial Objects business, which falls into his regional portfolio.
Fidessa Next Phase of European Multi-Asset Strategy
Fidessa group plc (LSE:FDSA), a leading global provider of multi-asset trading systems, market data and global connectivity solutions, has added an enhanced multi-asset, pre-trade risk module for account-based trading across equities, futures and contracts for difference (CFDs) to its European sell-side trading platform. The move marks the latest phase in Fidessa’s comprehensive multi-asset strategy, and is a direct response to increasing asset convergence seen in both the US and Europe. Fidessa Next Phase of European Multi-Asset Strategy- -Fidessa group plc (LSE:FDSA), a leading global provider of multi-asset trading systems, market data and global connectivity solutions, has added an enhanced multi-asset, pre-trade risk module for account-based trading across equities, futures and contracts for difference (CFDs) to its European sell-side trading platform. The move marks the latest phase in Fidessa’s comprehensive multi-asset strategy, and is a direct response to increasing asset convergence seen in both the US and Europe.
DBFS Acquires Tradermade International
DBFS, the IT Consultancy and Project Delivery specialist, has announced that it has recently acquired Tradermade International Ltd, a premier provider of real-time technical analysis solutions to the financial markets.‘The acquisition of TraderMade is the first of several steps in our growth plans, and a welcome addition to our business’ says David Upton, Managing Director DBFS. DBFS Acquires Tradermade International- -DBFS, the IT Consultancy and Project Delivery specialist, has announced that it has recently acquired Tradermade International Ltd, a premier provider of real-time technical analysis solutions to the financial markets.‘The acquisition of TraderMade is the first of several steps in our growth plans, and a welcome addition to our business’ says David Upton, Managing Director DBFS.
Standard and Poor's Risk Solutions
Greek data and information provider Hellastat and Standard & Poor’s Risk Solutions have announced a new alliance to combine Standard & Poor’s probabilities of default (PD) and Hellastat data and information in a new service for the domestic Greek market.Standard & Poor’s already uses Hellastat financial statement data, along with default information from 3 leading Greek banks, to produce 1 through 5 year PDs on over 35,000 Greek SMEs. Standard and Poor's Risk Solutions- -Greek data and information provider Hellastat and Standard & Poor’s Risk Solutions have announced a new alliance to combine Standard & Poor’s probabilities of default (PD) and Hellastat data and information in a new service for the domestic Greek market.Standard & Poor’s already uses Hellastat financial statement data, along with default information from 3 leading Greek banks, to produce 1 through 5 year PDs on over 35,000 Greek SMEs.
Celoxica PCI Express
Celoxica Holdings plc (AIM: CXA) a leading provider of low latency trading solutions, announces today that as a result of customer demand for Celoxica's hardware-accelerated market data products on the latest server platforms it is working with Intel to produce a PCI Express® implementation of its Accelerator Series. Celoxica PCI Express- -Celoxica Holdings plc (AIM: CXA) a leading provider of low latency trading solutions, announces today that as a result of customer demand for Celoxica's hardware-accelerated market data products on the latest server platforms it is working with Intel to produce a PCI Express® implementation of its Accelerator Series.
Trintech AssureNET GL Selected by Chrysler Financial
Trintech Group Plc (Nasdaq: TTPA), a leading global provider of integrated financial governance, transaction risk management, and compliance solutions, today announced that Chrysler Financial has selected AssureNET GL to automate the review, approval, and status tracking of account reconciliations and manage the accounting close process and ReconNET for high volume transaction matching. Trintech AssureNET GL Selected by Chrysler Financial- -Trintech Group Plc (Nasdaq: TTPA), a leading global provider of integrated financial governance, transaction risk management, and compliance solutions, today announced that Chrysler Financial has selected AssureNET GL to automate the review, approval, and status tracking of account reconciliations and manage the accounting close process and ReconNET for high volume transaction matching.
First STAC-M1 Benchmark
The Securities Technology Analysis Center (STAC®) today announced that the STAC Benchmark Council has approved the STAC-M1 Benchmark™ specifications. This marks the first industry-standard benchmark for trading technology.The STAC Benchmark Council is a group of 40 leading trading firms and technology vendors that was formed one year ago to develop standard ways of measuring the performance of trading technologies (see www.STACresarch.com/council). First STAC-M1 Benchmark- -The Securities Technology Analysis Center (STAC®) today announced that the STAC Benchmark Council has approved the STAC-M1 Benchmark™ specifications. This marks the first industry-standard benchmark for trading technology.The STAC Benchmark Council is a group of 40 leading trading firms and technology vendors that was formed one year ago to develop standard ways of measuring the performance of trading technologies (see www.STACresarch.com/council).
Advent Software Record Attendance
Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services to the investment management industry, today announced record-setting attendance at its 2008 Annual Client Conference held in Las Vegas. The event, which took place September 8 – 10, was Advent’s largest and most successful conference to date with nearly 1,400 attendees. The conference also included Advent’s Annual Analyst and Investor Event.“As Advent celebrates its 25th anniversary. Advent Software Record Attendance- -Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services to the investment management industry, today announced record-setting attendance at its 2008 Annual Client Conference held in Las Vegas. The event, which took place September 8 – 10, was Advent’s largest and most successful conference to date with nearly 1,400 attendees. The conference also included Advent’s Annual Analyst and Investor Event.“As Advent celebrates its 25th anniversary.
SoftModule Grid Computing for Tervela
Tervela, the leading provider of high-performance, low-latency messaging systems, today announced that SoftModule, an innovative provider of enterprise-class grid computing solutions, has joined the Tervela Advantage Partner Program (TAPP). The companies will be working together to provide a high-performance GridSwitch computing solution that leverages the Tervela Message Network™ to effectively meet the demanding requirements for large-scale grid computing platforms. SoftModule Grid Computing for Tervela- -Tervela, the leading provider of high-performance, low-latency messaging systems, today announced that SoftModule, an innovative provider of enterprise-class grid computing solutions, has joined the Tervela Advantage Partner Program (TAPP). The companies will be working together to provide a high-performance GridSwitch computing solution that leverages the Tervela Message Network™ to effectively meet the demanding requirements for large-scale grid computing platforms.
Advent Portfolio Exchange
Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that River Road Asset Management, LLC and Knightsbridge Asset Management, LLC are enjoying the benefits of Advent Portfolio Exchange® (APX), its award-winning, fully integrated portfolio and client relationship management solution. Advent Portfolio Exchange- -Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that River Road Asset Management, LLC and Knightsbridge Asset Management, LLC are enjoying the benefits of Advent Portfolio Exchange® (APX), its award-winning, fully integrated portfolio and client relationship management solution.
Linedata Services Award
Linedata Services (LIN:FP), the leader in award-winning investment software, solutions and services, today announced that its Hedge Fund Solution has been recognized as the "Best Provider of Portfolio Management Systems," at the 2008 U.S. Hedge Fund Journal Awards.This award reflects the growing dominance of Linedata Services in the North American hedge fund space during what has been an incredibly productive year across its entire asset management division. Linedata Services Award- -Linedata Services (LIN:FP), the leader in award-winning investment software, solutions and services, today announced that its Hedge Fund Solution has been recognized as the "Best Provider of Portfolio Management Systems," at the 2008 U.S. Hedge Fund Journal Awards.This award reflects the growing dominance of Linedata Services in the North American hedge fund space during what has been an incredibly productive year across its entire asset management division.
DST Opens Jakarta Office
ST International (DSTi) has today confirmed the opening of its new office in Jakarta. The office is located in Menara Prima, in the heart of Jakarta’s thriving central business district, bringing it closer to DSTi’s many local clients in Jakarta. DSTi Indonesia Director Liz East talked about DSTi’s commitment to the Indonesian market: “DST International has been operational in Jakarta for 3 years and in that time we have built a very good reputation here. DST Opens Jakarta Office- -ST International (DSTi) has today confirmed the opening of its new office in Jakarta. The office is located in Menara Prima, in the heart of Jakarta’s thriving central business district, bringing it closer to DSTi’s many local clients in Jakarta. DSTi Indonesia Director Liz East talked about DSTi’s commitment to the Indonesian market: “DST International has been operational in Jakarta for 3 years and in that time we have built a very good reputation here.
IDOM Alliance with Acclaim Resources
IDOM, Inc. today announced that they have formed a preferred vendor relationship with Acclaim Resources, LCC, a leading provider of cost effective solutions to support regulatory and business objectives. IDOM and Acclaim Resources have formed a strategic partnership under which Acclaim Resources is a certified reseller of both IDOM’s industry leading regulatory reporting software - REG-Reporter, and its document and compliance management software application – DOC-Tracker. IDOM Alliance with Acclaim Resources- -IDOM, Inc. today announced that they have formed a preferred vendor relationship with Acclaim Resources, LCC, a leading provider of cost effective solutions to support regulatory and business objectives. IDOM and Acclaim Resources have formed a strategic partnership under which Acclaim Resources is a certified reseller of both IDOM’s industry leading regulatory reporting software - REG-Reporter, and its document and compliance management software application – DOC-Tracker.
Manam Infotech Bahrain Subsidiary
Manam Infotech Pvt. Ltd., a leading provider of Mobile, Speech, Contact Center and Origination solutions to Banks, Financial Institutes and Government Agencies has announced the opening of Manam Infotech W.L.L., a Middle East subsidiary based in Bahrain. The company hired Mr. Amarnath Choudhary, Director, will be responsible for the Middle East Sales and Operations Manam Infotech Bahrain Subsidiary- -Manam Infotech Pvt. Ltd., a leading provider of Mobile, Speech, Contact Center and Origination solutions to Banks, Financial Institutes and Government Agencies has announced the opening of Manam Infotech W.L.L., a Middle East subsidiary based in Bahrain. The company hired Mr. Amarnath Choudhary, Director, will be responsible for the Middle East Sales and Operations
Exegy, Inc., the innovator behind the Exegy Ticker Plant, announced today that Xasax Corporation has become the newest Exegy Ticker Plant customer. Xasax Joins Exegy Ticker Plant- -Exegy, Inc., the innovator behind the Exegy Ticker Plant, announced today that Xasax Corporation has become the newest Exegy Ticker Plant customer.
Rimes Adds the Yield Book
RIMES Technologies has added The Yield Book analytics to its data portfolio. The Yield Book models calculate yield, risk, and return measures consistently for a broad spectrum of bonds, enabling users to perform analysis on portfolios comprising a wide range of fixed income security types, such as government, agency, corporate, international and emerging market bonds, mortgages and fixed income derivatives. Rimes Adds the Yield Book- -RIMES Technologies has added The Yield Book analytics to its data portfolio. The Yield Book models calculate yield, risk, and return measures consistently for a broad spectrum of bonds, enabling users to perform analysis on portfolios comprising a wide range of fixed income security types, such as government, agency, corporate, international and emerging market bonds, mortgages and fixed income derivatives.
Cognotec and MNI Forex for RealStream Margin
Cognotec, vendor of the world’s leading e-forex trading solutions, has announced a partnership with Market News International (MNI) to enable traders to access breaking forex market news from around the world. Users of Cognotec RealStream Margin trading solution can now enjoy MNI’s ‘FX Bullet Points’ newsfeed on their desktops from within the RealStream Margin trading platform. Cognotec and MNI Forex for RealStream Margin- -Cognotec, vendor of the world’s leading e-forex trading solutions, has announced a partnership with Market News International (MNI) to enable traders to access breaking forex market news from around the world. Users of Cognotec RealStream Margin trading solution can now enjoy MNI’s ‘FX Bullet Points’ newsfeed on their desktops from within the RealStream Margin trading platform.
Paulson Bad Bank Goes to Congress
The government plan to stabilise the US financial system has been submitted to Congress in revised form.Treasury secretary Henry Paulson has shifted the terms of the $700 billion scheme to incorporate other "bad" assets, apart from complex financial products relating to the mortgage market.The government wants to use the fund to form a "bad bank", in which banks would be allowed to put the toxic derivatives which are currently clogging up their balance sheets. Paulson Bad Bank Goes to Congress- -The government plan to stabilise the US financial system has been submitted to Congress in revised form.Treasury secretary Henry Paulson has shifted the terms of the $700 billion scheme to incorporate other "bad" assets, apart from complex financial products relating to the mortgage market.The government wants to use the fund to form a "bad bank", in which banks would be allowed to put the toxic derivatives which are currently clogging up their balance sheets.
Morgan Stanley and Goldman Sachs Convert to Retail Banks
The last two Wall Street securitisation firms standing are to cease trading as investment banks.Morgan Stanley and Goldman Sachs are to become bank holding companies, which potentially means that they will soon accept customer deposits.Both banks will also now be more directly regulated by the Federal Reserve. Morgan Stanley and Goldman Sachs Convert to Retail Banks- -The last two Wall Street securitisation firms standing are to cease trading as investment banks.Morgan Stanley and Goldman Sachs are to become bank holding companies, which potentially means that they will soon accept customer deposits.Both banks will also now be more directly regulated by the Federal Reserve.
NYSE Euronext Advanced Trading Equities in a Box
NYSE Euronext Advanced Trading Solutions, a world leader in low latency trading technology and division of NYSE Euronext (NYX), today announced an innovative software based solution that has the capability to comfortably handle 10 major US equities feeds on a single server with potential headroom of 3x current market peak capacity. NYSE Euronext Advanced Trading Equities in a Box- -NYSE Euronext Advanced Trading Solutions, a world leader in low latency trading technology and division of NYSE Euronext (NYX), today announced an innovative software based solution that has the capability to comfortably handle 10 major US equities feeds on a single server with potential headroom of 3x current market peak capacity.
Shinhan Bank Selects Everlink
Everlink, a leading provider of electronic payments services in the Canadian marketplace, has announced that Shinhan Bank Canada, a wholly owned subsidiary of Shinhan Financial Group Co. Ltd., has entered into an agreement with Everlink for issuing and acquiring services. Shinhan Bank Selects Everlink- -Everlink, a leading provider of electronic payments services in the Canadian marketplace, has announced that Shinhan Bank Canada, a wholly owned subsidiary of Shinhan Financial Group Co. Ltd., has entered into an agreement with Everlink for issuing and acquiring services.
OTP Bank 1st USD/RUB Deal
OTP Bank (Russia) made its first USD/RUB spot deal as a market-maker on LavaFX trading platform with Dresdner Kleinwort, through legal entity Dresdner Bank AG, as prime broker."We consider this a very important event for the financial markets, - says Igor Suzdaltsev, head of financial institutions at OTP Bank (Russia). Ruble deals started at LavaFX on August 22nd, 2007 but it was hard to increase ruble trades due to small limits on Russian banks. OTP Bank 1st USD/RUB Deal- -OTP Bank (Russia) made its first USD/RUB spot deal as a market-maker on LavaFX trading platform with Dresdner Kleinwort, through legal entity Dresdner Bank AG, as prime broker."We consider this a very important event for the financial markets, - says Igor Suzdaltsev, head of financial institutions at OTP Bank (Russia). Ruble deals started at LavaFX on August 22nd, 2007 but it was hard to increase ruble trades due to small limits on Russian banks.
Dow Jones Alliance with EFE
Dow Jones, a leading provider of global business news and information services, has signed a strategic alliance with Agencia EFE, the world’s fourth-largest news agency. Together they will develop an exclusive joint Spanish-language news service – EFE Dow Jones News - to serve financial professionals, corporations, media, institutions and private investors in Spain. Dow Jones Alliance with EFE- -Dow Jones, a leading provider of global business news and information services, has signed a strategic alliance with Agencia EFE, the world’s fourth-largest news agency. Together they will develop an exclusive joint Spanish-language news service – EFE Dow Jones News - to serve financial professionals, corporations, media, institutions and private investors in Spain.
Impulse Software and Syndicate Asset Management
Paul Mepham, Sales Director at Pulse explains; Syndicate Asset Management is an AIM listed specialist investor in the global asset management industry with approaching £6 billion funds under management. Syndicate Asset Management has built a strong fund management group by consolidating a diverse, yet complementary, group of growing asset management companies based predominantly in the UK but also in the EU and other “offshore” centres. Impulse Software and Syndicate Asset Management- -Paul Mepham, Sales Director at Pulse explains; Syndicate Asset Management is an AIM listed specialist investor in the global asset management industry with approaching £6 billion funds under management. Syndicate Asset Management has built a strong fund management group by consolidating a diverse, yet complementary, group of growing asset management companies based predominantly in the UK but also in the EU and other “offshore” centres.
Orc Software Selected by Liquidez
Orc Software (SSE: ORC), the leading global provider of technology for advanced derivatives trading and connectivity, today announced that Liquidez, one of Brazil’s largest futures brokers, has selected Orc’s trading and connectivity solutions to connect customers to local markets. This deal was booked Q2 2008.Liquidez will use Orc Trader and Orc CameronFIX to directly trade the BM&F, Brazil’s derivatives exchange. Orc Software Selected by Liquidez- -Orc Software (SSE: ORC), the leading global provider of technology for advanced derivatives trading and connectivity, today announced that Liquidez, one of Brazil’s largest futures brokers, has selected Orc’s trading and connectivity solutions to connect customers to local markets. This deal was booked Q2 2008.Liquidez will use Orc Trader and Orc CameronFIX to directly trade the BM&F, Brazil’s derivatives exchange.
TietoEnator Impelemted by Nordic Banks
TietoEnator, one of the largest IT services providers in Europe, announces that SEPA Credit Transfer Solutions (SEPA Bulker) have been implemented for three of the largest Nordic Banks, Swedbank, Handelsbanken and Nordea, as well as for two Danish bureaus, BEC and SDC. The Nordic banks have implemented TietoEnator’s SEPA Credit Transfer solution, group-wide enabling offices in different countries to connect to one single infrastructure. TietoEnator Impelemted by Nordic Banks- -TietoEnator, one of the largest IT services providers in Europe, announces that SEPA Credit Transfer Solutions (SEPA Bulker) have been implemented for three of the largest Nordic Banks, Swedbank, Handelsbanken and Nordea, as well as for two Danish bureaus, BEC and SDC. The Nordic banks have implemented TietoEnator’s SEPA Credit Transfer solution, group-wide enabling offices in different countries to connect to one single infrastructure.
TietoEnator and SEB Enskilda
SEB Enskilda has selected TietoEnator’s capital market solution ProBroker to manage the company’s trading operation at the Oslo Stock Exchange. SEB Enskilda is the largest broker dealer at the Oslo Stock Exchange in terms of number of transactions as well as volumes. The implementation project has been running since vinter 2008 and 1st September SEB Enskilda went sucessfully into production with their new trading clearing and settlement solution. TietoEnator and SEB Enskilda- -SEB Enskilda has selected TietoEnator’s capital market solution ProBroker to manage the company’s trading operation at the Oslo Stock Exchange. SEB Enskilda is the largest broker dealer at the Oslo Stock Exchange in terms of number of transactions as well as volumes. The implementation project has been running since vinter 2008 and 1st September SEB Enskilda went sucessfully into production with their new trading clearing and settlement solution.
Mark Mobius Claims Recession Fears Exaggerated.
Mark Mobius, managing director, Templeton Asset Management, today claimed that widespread and ongoing fears of a European-wide recession have been exaggerated. Mr Mobius suggests the crisis is being led by repetitive and deepening pessimistic sentiment.The reality, he believes, is that excellent buying opportunities, increased liquidity and a new US administration will create favourable conditions for a rapid recovery in late 2009. Mark Mobius Claims Recession Fears Exaggerated.- -Mark Mobius, managing director, Templeton Asset Management, today claimed that widespread and ongoing fears of a European-wide recession have been exaggerated. Mr Mobius suggests the crisis is being led by repetitive and deepening pessimistic sentiment.The reality, he believes, is that excellent buying opportunities, increased liquidity and a new US administration will create favourable conditions for a rapid recovery in late 2009.
LME SMART Connectivity by Brady
Brady plc (BRY.L), the leading supplier of trading and risk management solutions for metals and commodities, has today announced the forthcoming launch of a new interface to LME SMART (the System for Matching and Registering Trades from the London Metal Exchange). LME member firms will be able to interface directly to the LME’s matching system which will forward trades to the London Clearing House (LCH) for clearing. LME SMART Connectivity by Brady- -Brady plc (BRY.L), the leading supplier of trading and risk management solutions for metals and commodities, has today announced the forthcoming launch of a new interface to LME SMART (the System for Matching and Registering Trades from the London Metal Exchange). LME member firms will be able to interface directly to the LME’s matching system which will forward trades to the London Clearing House (LCH) for clearing.
Optial Compliance Management
Optial announced today that the Bank of England has selected Optial’s Compliance Management module from the Optial Operational Risk Management platform, to support its internal control processes. Chris O’Brien, CEO of Optial, said “Every financial institution needs a strong internal control framework and we are delighted that the Bank of England has selected our flexible, workflow-enabled platform to further streamline the Bank’s already very strong monitoring and tracking procedures Optial Compliance Management- -Optial announced today that the Bank of England has selected Optial’s Compliance Management module from the Optial Operational Risk Management platform, to support its internal control processes. Chris O’Brien, CEO of Optial, said “Every financial institution needs a strong internal control framework and we are delighted that the Bank of England has selected our flexible, workflow-enabled platform to further streamline the Bank’s already very strong monitoring and tracking procedures
Temenos Appointments
Temenos (SWX: TEMN), the provider of integrated core banking systems, today announced the following appointments:Keith Stonell has been appointed as Regional Director for Northern Europe (NEU) and Commonwealth of Independent States (CIS), which is one of Temenos' largest and fastest growing regions. Stonell will also be responsible for the integration of the majority of the Financial Objects business, which falls into his regional portfolio. Temenos Appointments- -Temenos (SWX: TEMN), the provider of integrated core banking systems, today announced the following appointments:Keith Stonell has been appointed as Regional Director for Northern Europe (NEU) and Commonwealth of Independent States (CIS), which is one of Temenos' largest and fastest growing regions. Stonell will also be responsible for the integration of the majority of the Financial Objects business, which falls into his regional portfolio.
Fidessa Next Phase of European Multi-Asset Strategy
Fidessa group plc (LSE:FDSA), a leading global provider of multi-asset trading systems, market data and global connectivity solutions, has added an enhanced multi-asset, pre-trade risk module for account-based trading across equities, futures and contracts for difference (CFDs) to its European sell-side trading platform. The move marks the latest phase in Fidessa’s comprehensive multi-asset strategy, and is a direct response to increasing asset convergence seen in both the US and Europe. Fidessa Next Phase of European Multi-Asset Strategy- -Fidessa group plc (LSE:FDSA), a leading global provider of multi-asset trading systems, market data and global connectivity solutions, has added an enhanced multi-asset, pre-trade risk module for account-based trading across equities, futures and contracts for difference (CFDs) to its European sell-side trading platform. The move marks the latest phase in Fidessa’s comprehensive multi-asset strategy, and is a direct response to increasing asset convergence seen in both the US and Europe.
DBFS Acquires Tradermade International
DBFS, the IT Consultancy and Project Delivery specialist, has announced that it has recently acquired Tradermade International Ltd, a premier provider of real-time technical analysis solutions to the financial markets.‘The acquisition of TraderMade is the first of several steps in our growth plans, and a welcome addition to our business’ says David Upton, Managing Director DBFS. DBFS Acquires Tradermade International- -DBFS, the IT Consultancy and Project Delivery specialist, has announced that it has recently acquired Tradermade International Ltd, a premier provider of real-time technical analysis solutions to the financial markets.‘The acquisition of TraderMade is the first of several steps in our growth plans, and a welcome addition to our business’ says David Upton, Managing Director DBFS.
Standard and Poor's Risk Solutions
Greek data and information provider Hellastat and Standard & Poor’s Risk Solutions have announced a new alliance to combine Standard & Poor’s probabilities of default (PD) and Hellastat data and information in a new service for the domestic Greek market.Standard & Poor’s already uses Hellastat financial statement data, along with default information from 3 leading Greek banks, to produce 1 through 5 year PDs on over 35,000 Greek SMEs. Standard and Poor's Risk Solutions- -Greek data and information provider Hellastat and Standard & Poor’s Risk Solutions have announced a new alliance to combine Standard & Poor’s probabilities of default (PD) and Hellastat data and information in a new service for the domestic Greek market.Standard & Poor’s already uses Hellastat financial statement data, along with default information from 3 leading Greek banks, to produce 1 through 5 year PDs on over 35,000 Greek SMEs.
Celoxica PCI Express
Celoxica Holdings plc (AIM: CXA) a leading provider of low latency trading solutions, announces today that as a result of customer demand for Celoxica's hardware-accelerated market data products on the latest server platforms it is working with Intel to produce a PCI Express® implementation of its Accelerator Series. Celoxica PCI Express- -Celoxica Holdings plc (AIM: CXA) a leading provider of low latency trading solutions, announces today that as a result of customer demand for Celoxica's hardware-accelerated market data products on the latest server platforms it is working with Intel to produce a PCI Express® implementation of its Accelerator Series.
Trintech AssureNET GL Selected by Chrysler Financial
Trintech Group Plc (Nasdaq: TTPA), a leading global provider of integrated financial governance, transaction risk management, and compliance solutions, today announced that Chrysler Financial has selected AssureNET GL to automate the review, approval, and status tracking of account reconciliations and manage the accounting close process and ReconNET for high volume transaction matching. Trintech AssureNET GL Selected by Chrysler Financial- -Trintech Group Plc (Nasdaq: TTPA), a leading global provider of integrated financial governance, transaction risk management, and compliance solutions, today announced that Chrysler Financial has selected AssureNET GL to automate the review, approval, and status tracking of account reconciliations and manage the accounting close process and ReconNET for high volume transaction matching.
First STAC-M1 Benchmark
The Securities Technology Analysis Center (STAC®) today announced that the STAC Benchmark Council has approved the STAC-M1 Benchmark™ specifications. This marks the first industry-standard benchmark for trading technology.The STAC Benchmark Council is a group of 40 leading trading firms and technology vendors that was formed one year ago to develop standard ways of measuring the performance of trading technologies (see www.STACresarch.com/council). First STAC-M1 Benchmark- -The Securities Technology Analysis Center (STAC®) today announced that the STAC Benchmark Council has approved the STAC-M1 Benchmark™ specifications. This marks the first industry-standard benchmark for trading technology.The STAC Benchmark Council is a group of 40 leading trading firms and technology vendors that was formed one year ago to develop standard ways of measuring the performance of trading technologies (see www.STACresarch.com/council).
Advent Software Record Attendance
Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services to the investment management industry, today announced record-setting attendance at its 2008 Annual Client Conference held in Las Vegas. The event, which took place September 8 – 10, was Advent’s largest and most successful conference to date with nearly 1,400 attendees. The conference also included Advent’s Annual Analyst and Investor Event.“As Advent celebrates its 25th anniversary. Advent Software Record Attendance- -Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services to the investment management industry, today announced record-setting attendance at its 2008 Annual Client Conference held in Las Vegas. The event, which took place September 8 – 10, was Advent’s largest and most successful conference to date with nearly 1,400 attendees. The conference also included Advent’s Annual Analyst and Investor Event.“As Advent celebrates its 25th anniversary.
SoftModule Grid Computing for Tervela
Tervela, the leading provider of high-performance, low-latency messaging systems, today announced that SoftModule, an innovative provider of enterprise-class grid computing solutions, has joined the Tervela Advantage Partner Program (TAPP). The companies will be working together to provide a high-performance GridSwitch computing solution that leverages the Tervela Message Network™ to effectively meet the demanding requirements for large-scale grid computing platforms. SoftModule Grid Computing for Tervela- -Tervela, the leading provider of high-performance, low-latency messaging systems, today announced that SoftModule, an innovative provider of enterprise-class grid computing solutions, has joined the Tervela Advantage Partner Program (TAPP). The companies will be working together to provide a high-performance GridSwitch computing solution that leverages the Tervela Message Network™ to effectively meet the demanding requirements for large-scale grid computing platforms.
Advent Portfolio Exchange
Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that River Road Asset Management, LLC and Knightsbridge Asset Management, LLC are enjoying the benefits of Advent Portfolio Exchange® (APX), its award-winning, fully integrated portfolio and client relationship management solution. Advent Portfolio Exchange- -Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that River Road Asset Management, LLC and Knightsbridge Asset Management, LLC are enjoying the benefits of Advent Portfolio Exchange® (APX), its award-winning, fully integrated portfolio and client relationship management solution.
Linedata Services Award
Linedata Services (LIN:FP), the leader in award-winning investment software, solutions and services, today announced that its Hedge Fund Solution has been recognized as the "Best Provider of Portfolio Management Systems," at the 2008 U.S. Hedge Fund Journal Awards.This award reflects the growing dominance of Linedata Services in the North American hedge fund space during what has been an incredibly productive year across its entire asset management division. Linedata Services Award- -Linedata Services (LIN:FP), the leader in award-winning investment software, solutions and services, today announced that its Hedge Fund Solution has been recognized as the "Best Provider of Portfolio Management Systems," at the 2008 U.S. Hedge Fund Journal Awards.This award reflects the growing dominance of Linedata Services in the North American hedge fund space during what has been an incredibly productive year across its entire asset management division.
DST Opens Jakarta Office
ST International (DSTi) has today confirmed the opening of its new office in Jakarta. The office is located in Menara Prima, in the heart of Jakarta’s thriving central business district, bringing it closer to DSTi’s many local clients in Jakarta. DSTi Indonesia Director Liz East talked about DSTi’s commitment to the Indonesian market: “DST International has been operational in Jakarta for 3 years and in that time we have built a very good reputation here. DST Opens Jakarta Office- -ST International (DSTi) has today confirmed the opening of its new office in Jakarta. The office is located in Menara Prima, in the heart of Jakarta’s thriving central business district, bringing it closer to DSTi’s many local clients in Jakarta. DSTi Indonesia Director Liz East talked about DSTi’s commitment to the Indonesian market: “DST International has been operational in Jakarta for 3 years and in that time we have built a very good reputation here.
IDOM Alliance with Acclaim Resources
IDOM, Inc. today announced that they have formed a preferred vendor relationship with Acclaim Resources, LCC, a leading provider of cost effective solutions to support regulatory and business objectives. IDOM and Acclaim Resources have formed a strategic partnership under which Acclaim Resources is a certified reseller of both IDOM’s industry leading regulatory reporting software - REG-Reporter, and its document and compliance management software application – DOC-Tracker. IDOM Alliance with Acclaim Resources- -IDOM, Inc. today announced that they have formed a preferred vendor relationship with Acclaim Resources, LCC, a leading provider of cost effective solutions to support regulatory and business objectives. IDOM and Acclaim Resources have formed a strategic partnership under which Acclaim Resources is a certified reseller of both IDOM’s industry leading regulatory reporting software - REG-Reporter, and its document and compliance management software application – DOC-Tracker.
Manam Infotech Bahrain Subsidiary
Manam Infotech Pvt. Ltd., a leading provider of Mobile, Speech, Contact Center and Origination solutions to Banks, Financial Institutes and Government Agencies has announced the opening of Manam Infotech W.L.L., a Middle East subsidiary based in Bahrain. The company hired Mr. Amarnath Choudhary, Director, will be responsible for the Middle East Sales and Operations Manam Infotech Bahrain Subsidiary- -Manam Infotech Pvt. Ltd., a leading provider of Mobile, Speech, Contact Center and Origination solutions to Banks, Financial Institutes and Government Agencies has announced the opening of Manam Infotech W.L.L., a Middle East subsidiary based in Bahrain. The company hired Mr. Amarnath Choudhary, Director, will be responsible for the Middle East Sales and Operations
Tuesday, 16 September 2008
GFI BasisMatch Currency Trading Platform
GFI Group Inc. ('GFIG' on NASDAQ) has launched BasisMatch(TM) - the first electronic trading platform for cross-currency basis swaps for the inter-dealer market. This extends GFI's hybrid broking model combining electronic and broker-assisted trading.
BasisMatch covers the G10 currencies against three-month US Dollar LIBOR, with plans to extend to similar instruments such as inter basis swaps.
"GFI continues to invest heavily in service-enhancing technology and BasisMatch is the latest example of this," said Paul Millward, GFI's BasisMatch(TM) and ForexMatch(R) product manager. "Cross-currency basis swaps are ready for hybrid broking, bringing electronic trading and automation of post-trade processes. GFI believes that BasisMatch will be widely adopted - just as CreditMatch and ForexMatch have been."
"The market requires efficient price dissemination and execution, transparency and integrity - and BasisMatch delivers," said Robert Bou-Simon, GFI's head of European interest rate derivatives. "BasisMatch is the result of extensive collaboration with our clients and GFI will continue to work with them to develop the platform further."
BasisMatch has been developed by Trayport, a wholly-owned subsidiary of GFI Group, Inc.
BasisMatch covers the G10 currencies against three-month US Dollar LIBOR, with plans to extend to similar instruments such as inter basis swaps.
"GFI continues to invest heavily in service-enhancing technology and BasisMatch is the latest example of this," said Paul Millward, GFI's BasisMatch(TM) and ForexMatch(R) product manager. "Cross-currency basis swaps are ready for hybrid broking, bringing electronic trading and automation of post-trade processes. GFI believes that BasisMatch will be widely adopted - just as CreditMatch and ForexMatch have been."
"The market requires efficient price dissemination and execution, transparency and integrity - and BasisMatch delivers," said Robert Bou-Simon, GFI's head of European interest rate derivatives. "BasisMatch is the result of extensive collaboration with our clients and GFI will continue to work with them to develop the platform further."
BasisMatch has been developed by Trayport, a wholly-owned subsidiary of GFI Group, Inc.
Thursday, 11 September 2008
Wizetrade Releases CommandTRADE
The Wizetrade Group has released CommandTRADE(R) FX, a trend recognition software program designed to help individual investors leverage the enormous power of automation when it comes to trading foreign currencies in the (spot) FOREX market. This groundbreaking software is truly unique in that it can automatically scan, find, and execute ideal currency trades -- based on traders' specific entry and exit points -- through an integrated broker, all while traders are away from their computers and living their lives.
Traders can take advantage of the extended hours of the (spot) FOREX market now that CommandTRADE FX can scout the market and execute trades, in conjunction with an integrated broker, even while the trader is fast asleep. Additionally, the automation of the software further enables individual traders to take their emotions out of their trading endeavors, one of the greatest challenges many traders face.
"CommandTRADE FX promises to revolutionize the way individuals trade currencies and further empowers individual investors," said John Dankovchik, president of The Wizetrade Group. "CommandTRADE FX permits traders to run strategies in a 24/7 environment, while taking advantage of optimal entry and exit points that normally could have been missed when trading manually. CommandTRADE FX truly offers that distinct trading advantage that traders dream about."
Wizetrade offers completely free online demos to all prospective traders who call the company at 888.348.0023. "These demos are an excellent way for individuals to introduce themselves to this great technology platform," Dankovchik said. "Additionally, individuals can get answers to any questions they may have about creating their own home- or office-based currency trading command center."
CommandTRADE FX is the latest software released by Wizetrade, the investor software and education company that instills confidence through innovative training and tools, thus enabling people to be actively involved in their financial future and successful on their own terms.
Traders can take advantage of the extended hours of the (spot) FOREX market now that CommandTRADE FX can scout the market and execute trades, in conjunction with an integrated broker, even while the trader is fast asleep. Additionally, the automation of the software further enables individual traders to take their emotions out of their trading endeavors, one of the greatest challenges many traders face.
"CommandTRADE FX promises to revolutionize the way individuals trade currencies and further empowers individual investors," said John Dankovchik, president of The Wizetrade Group. "CommandTRADE FX permits traders to run strategies in a 24/7 environment, while taking advantage of optimal entry and exit points that normally could have been missed when trading manually. CommandTRADE FX truly offers that distinct trading advantage that traders dream about."
Wizetrade offers completely free online demos to all prospective traders who call the company at 888.348.0023. "These demos are an excellent way for individuals to introduce themselves to this great technology platform," Dankovchik said. "Additionally, individuals can get answers to any questions they may have about creating their own home- or office-based currency trading command center."
CommandTRADE FX is the latest software released by Wizetrade, the investor software and education company that instills confidence through innovative training and tools, thus enabling people to be actively involved in their financial future and successful on their own terms.
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."
Thursday, 4 September 2008
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.
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.
Tuesday, 5 August 2008
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.
Tuesday, 17 June 2008
Gain Capital Group
GAIN Capital Group, LLC, is a market leader in the rapidly-growing online foreign exchange (forex or FX) industry. Founded in 1999 by Wall Street veterans, GAIN now services clients from more than 140 countries and supports average trade volume in excess of $100 billion per month. Headquartered in Bedminster, New Jersey, the company operates offices in New York City and London.
The company operates FOREX.com (www.forex.com), one of the largest, best-known brands in the retail forex industry. FOREX.com services individual investors of all experience levels with a full-service trading platform, advanced tools and research, and extensive education and training. In addition to its direct marketing efforts, GAIN Capital currently supports over 50 relationships and white label arrangements with broker/dealers, Futures Commission Merchants (FCMs) and other financial services firms in North America, Europe and Asia. GAIN Capital Group, LLC, and FOREX.com are registered with the National Futures Association (NFA) as a Futures Commission Merchant (NFA ID #0339826). For company information, visit www.gaincapital.com, or for trading information, visit www.forex.com
The company operates FOREX.com (www.forex.com), one of the largest, best-known brands in the retail forex industry. FOREX.com services individual investors of all experience levels with a full-service trading platform, advanced tools and research, and extensive education and training. In addition to its direct marketing efforts, GAIN Capital currently supports over 50 relationships and white label arrangements with broker/dealers, Futures Commission Merchants (FCMs) and other financial services firms in North America, Europe and Asia. GAIN Capital Group, LLC, and FOREX.com are registered with the National Futures Association (NFA) as a Futures Commission Merchant (NFA ID #0339826). For company information, visit www.gaincapital.com, or for trading information, visit www.forex.com
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