Foreign Exchange

Progress Software extends connectivity to major FX ECN

Progress Software, a supplier of application infrastructure software, is to integrate its Apama algorithmic trading platform with FXall's anonymous electronic communication network (ECN)

GAIN Capital Group appoints Andrew Haines to CIO

GAIN Capital Group (GAIN), a leading provider of foreign exchange services for institutional and individual investors, today announced the appointment of Andrew Haines to CIO.

Instinet expands commission management offering with launch of T*Share

On Monday, Instinet, an agency-only broker and wholly-owned subsidiary of Nomura Holdings, launched T*Share, a new program which allows institutional clients to trade with multiple brokers while consolidating their commission credits on Instinet’s new Plazma commission management platform.

Daily trading volume on FXall clears $90 Billion

Foreign exchange trading platform FXall says it has set a new daily record volume of $90 billion. Average daily volume on the platform for September was up by more than 44% by comparison with the same period in 2006.

icubic AG and Fimas GmbH enter sales and marketing co-operation

icubic AG, a provider of software solutions for the electronic trading of financial instruments, and Fimas GmbH, a provider of specialist consultancy services to active market participants in global financial instrument trading, have committed to a sales and marketing agreement for Europe.

4th Story adds direct access to Hotspot FXi

4th Story, a provider of automated and algorithmic trading software to institutions, hedge funds and broker-dealers, announced on Monday that trading strategists using 4S.Everglades can now connect to Hotspot FXi for spot foreign exchange trading.