Treasury systems provider Wall Street Systems is making its Wallstreet FX foreign exchange dealing system available via an ASP delivery model, which is also described as "software as a service."
BT Radianz, a financial services connectivity provider, has announced that Logicscope, a provider of multi-asset data management and straight through processing (STP) solutions, will use the BT Radian
Merrill Lynch has announced that it is set to launch the first FX CDO (collaterised debt obligation) or CFXO (collateralised FX obligation), an investment product designed to apply the CDO technology commonly used within the credit world to foreign exchange as an underlying asset class. The CFXO will be managed by Credit Agricole Asset Management (CAAM) and rated by S&P.
By end of 2010, Aite Group estimates that close to 75% of FX trading will be done electronically. At the end of 2006, 66% of the FX inter-dealer market ran on electronic trading platforms.
For the first time, buy-side foreign currency traders in 2006 executed more than half of total global FX trading volume through electronic trading systems, according to a new report from consultancy Greenwich Associates.
The International Securities Exchange (ISE) yesterday announced that ISE FX Options will begin trading on Tuesday, April 17. The SEC approved ISE’s proposal to launch foreign currency options on April 3.
Cognotec, a provider of web-based institutional foreign exchange trading solutions, has announced that Advanced Markets, the US-based specialist foreign exchange brokerage firm, is to deploy Cognotec’s new retail FX trading platform, RealStream-Margin. The deployment will allow Advanced Markets to provide scalable real-time streaming prices and trade execution to its clients.
ICAP wants to offer electronic trading in the New Zealand dollar around the globe. The inter-dealer broker is introducing the "Kiwi dollar" (NZD) to the EBS electronic spot FX trading platform as a tradable currency against the US dollar so traders can view the NZD tradable pair along with the other major dollar, euro and yen currency pairs, and precious metals, on the same screen.
FXMarketSpace, a centrally-cleared, global foreign exchange (FX) platform for the over-the-counter market, today announced that it is fully operational and open for trading. The on-schedule launch comes just 11 months after Reuters and CME announced the creation of FXMarketSpace in May 2006.
Merrill Lynch yesterday introduced ML FX Clone, a methodology for replicating hedge funds' foreign exchange (FX) strategies that will help investors to better understand and ultimately access the FX markets with greater ease and at lower cost. ML FX Clone is designed to replicate the most widely-used FX investment styles followed by active portfolio managers.