Foreign Exchange

Beta-Gamma Research, a provider of trading algorithms and automated trading software, has launched Trigger Trader, a customisable foreign exchange trading tool suite.

The CLS Aggregation Service (CLSAS), a joint-venture post-trade netting system for over-the-counter foreign exchange trades developed by FX settlement provider CLS Group and a unit of interdealer broker ICAP, has gone live.

AlgoTrader, a provider of broker-neutral, multi-asset-class algorithmic trading services, has implemented a new function in its SpreadHawk execution management system to help traders hedge currency exposures.

GAIN Capital, a global provider of online trading services, has launched a new independent electronic communications network for foreign exchange trading.

InfoReach, a provider of execution management systems and connectivity, has further enhanced the foreign exchange capabilities of its InfoReach Trade Management System (TMS).

FXall, a multi-bank foreign exchange electronic trading platform for financial institutions, has agreed to purchase LavaFX, a rival FX trading system owned by investment bank Citi.

Brazilian hedge fund Kairos Asset Management has chosen financial software firm StreamBase’s complex event processing (CEP) platform to build a new high-frequency trading system for equities and foreign exchange.

US-based technology vendor InfoReach is to upgrade its TMS multi-asset order and execution management system with new FX connectivity and an improved suite of execution algorithms.

Market data and trading technology vendor Bloomberg has expanded the FX Auctions functionality of the Bloomberg Professional terminal, it’s electronic trading, news and analytics platform, to include FX spots and forwards.

Global broker J.P. Morgan has added two new functions, AlgoX and FX Options, to its MorganDirect proprietary foreign exchange (FX) and rates trading platform.