Foreign Exchange

Scotiabank takes the e-FX lead in Mexico with Cognotec

Cognotec, a supplier of foreign exchange dealing technology, says that Scotiabank has adopted and deployed Cognotec's AutoDeal+ trading platform in Mexico and is utilising the platform to deliver a new automated FX trading service to its clients.

Merrill Lynch launches collaterised debt obligations for foreign exchange

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.

ISE announces launch of FX Options on April 17

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.

Advanced Markets to use Cognotec’s retail FX trading platform

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.