Last Thursday, F&C Alternative Investments, a pan-European asset manager, commenced fund-raising for its F&C Garnet Fund, a hedge fund that aims to achieve absolute returns by investing and trading in the FX volatility and forward rate bias (FRB) space.
Progress Software Corporation, a supplier of application infrastructure software used to develop, deploy, integrate and manage business applications, today launched the Progress Apama FX Market Aggregation Accelerator.
4th Story, a provider of automated trading software to institutions, hedge funds and broker-dealers, has connected its real-time trading strategy platform, 4S.
Caplin, a provider of real-time web connectivity to financial markets, today unveils Caplin Trader, an out-of-the box web trading application that enables banks to build multi-product trading portals
Global foreign exchange volumes increased 17% from 2005 to 2006, according to new research from Greenwich Associates. At the same time, the interest-rate derivatives business recovered from a year of stagnant trading volumes with a 10% increase in 2006.
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.
Today, 56% of foreign exchange trading occurs electronically, but by 2010 the proportion will have risen to 75%. Or so claims a new report by consultants Aite Group on the largest and most liquid market in the world.
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