The latest securities articles from FX Week

Another instalment in the Refco saga...

Wed, 04 Aug 2010 11:54:44 GMT

NEW YORK – Trusts representing Refco creditors and customers have filed a lawsuit for more than $500 million against the defunct futures broker's legal and accounting advisers.

Icap breaks into post-trade forex

Wed, 04 Aug 2010 11:54:44 GMT

FX Week

LONDON & NEW YORK - Icap's agreed acquisition of post-trade technology vendor Traiana signals a push by the industry to tackle post-trade processing strains brought on by surging ticket volumes.

Swift grows front office

Wed, 04 Aug 2010 11:54:44 GMT

FX Week

Halfway through its five-year strategy, industry co-operative Swift has made improving front-office services a priority

Electronic FX volumes expected to reach 80% by 2010

Wed, 04 Aug 2010 11:54:44 GMT

FX Week

NEW YORK - Electronic foreign exchange trading will account for 80% of the overall FX market by 2010, according to research released last week.

FX algos no longer just for big players

Wed, 04 Aug 2010 11:54:44 GMT

FX Week

LONDON - Gaining an edge in foreign exchange execution through trading algorithms is no longer the domain of just the largest forex dealers, according to a panel at the FX Week Europe congress last week.

NFA shuts down four FX dealers

Wed, 04 Aug 2010 11:54:44 GMT

FX Week

CHICAGO - Four foreign exchange brokers were forced to close operations last month after failing to meet the National Futures Association's (NFA) $5 million minimum net capital requirements.

Small US retail forex firms set to "suffer"

Wed, 04 Aug 2010 11:54:44 GMT

FX Week

NEW YORK - New legislation passing through the US government is likely to consolidate the retail foreign exchange industry, as proposals to dramatically increase minimum adjusted net capital requirements squeeze small operators from the market.

Watching the market in 3D

Wed, 04 Aug 2010 11:54:44 GMT

FX Week

Chip Lowry, senior managing director of Currenex, and John Vause, managing director of State Street's Global Link business for Europe, the Middle East and Africa, evaluate the evolution of the FX market's structure

Small retail FX firms face extinction

Wed, 04 Aug 2010 11:54:44 GMT

FX Week

Felix Shipkevich, general counsel, and Anna Vidiaev, staff attorney, at online foreign exchange trading company Capital Market Services in New York say a proposed rise in capital requirements for retail brokers will result in an anticompetitive market

Swiss retail FX rules spell consolidation

Wed, 04 Aug 2010 11:54:44 GMT

FX Week

BERN - Recent amendments by the Swiss Federal Banking Commission (SFBC) to the banking ordinance concerning foreign exchange dealers could lead to consolidation of the retail FX market in the country.

4th Story releases algo trading tool

Wed, 04 Aug 2010 11:54:44 GMT

FX Week

SAN FRANCISCO - Technology vendor 4th Story last week (April 14) officially launched automated trading software 4S.Blue Ridge.

Brokers suspicious of retail FX task force

Wed, 04 Aug 2010 11:54:44 GMT

FX Week

WASHINGTON, DC – The launch of a retail foreign exchange fraud prevention taskforce by the US futures regulators has sparked concern among brokers that it could be a veiled move to lure retail FX traders towards exchanges.

The murky side of retail forex

Wed, 04 Aug 2010 11:54:44 GMT

FX Week

In these days of heightened regulatory scrutiny, Saxo Bank could take it upon itself as a pioneer of the retail foreign exchange market to more effectively monitor who is using its technology and how.

Emerging markets boost returns for ODL

Wed, 04 Aug 2010 11:54:44 GMT

FX Week

LONDON – Emerging markets represent the fastest growing segment of the retail foreign exchange market at London-headquartered ODL Securities.

StanChart outlines forex e-pricing and trading strategy

Wed, 04 Aug 2010 11:54:44 GMT

FX Week

LONDON - Standard Chartered has provided further details about its e-forex pricing and trading strategy since promoting Todd McDonald to a newly created position as global head of foreign exchange electronic pricing and trading ( FX Week August 4).

OCL netting gets CLS-compliant

Wed, 04 Aug 2010 11:54:44 GMT

FX Week

LONDON - Options Computer Limited (OCL) has launched a new version of its year-old pre-settlement netting tool that aims to manage back-office capacity constraints and cut messaging costs, while remaining CLS-compliant.

Natixis in Bear Stearns forex hiring spree

Wed, 04 Aug 2010 11:54:44 GMT

FX Week

NEW YORK - Natixis has hired 17 foreign exchange staff from defunct US investment bank Bear Stearns to kick-start the expansion of its FX platform.

News In brief

Wed, 04 Aug 2010 11:54:44 GMT

FX Week

News In brief

Wed, 04 Aug 2010 11:54:44 GMT

FX Week

Clients switch on to Portware FX

Wed, 04 Aug 2010 11:54:44 GMT

FX Week

NEW YORK - Portware has seen a 70% increase in clients using Portware FX, its real-time foreign exchange aggregation system, since the start of 2008, according to Harrell Smith, head of product strategy for the firm in New York.

Citi triumphs, Deutsche bounces back

Wed, 04 Aug 2010 11:54:44 GMT

FX Week

LONDON - Citi maintains its lead in this year's FX Week Best Bank awards, as Deutsche Bank bounces back to take second spot.

Changes afoot for FX prime brokers

Wed, 04 Aug 2010 11:54:44 GMT

FX Week

Discussions with dealers in recent weeks have identified significant changes for the industry in the coming year, in terms of pricing and infrastructure.

International brokers leave US market

Wed, 04 Aug 2010 11:54:44 GMT

FX Week

FXCM buys Hotspot's retail FX business

Wed, 04 Aug 2010 11:54:44 GMT

FX Week

G-7 bides time on intervention

Wed, 04 Aug 2010 11:54:44 GMT

FX Week