GAIN Capital Group, a provider of Foreign Exchange (Forex) trading and services for institutional investors, yesterday launched a new margin trading platform FOREXTrader for Windows. It was tested with a select group and is available free of charge to GAIN Capital Group global clients.
Buy-side foreign exchange trading services provider GAIN Capital Group has launched a new version of its margin trading platform, FOREXTrader for Windows. Following a successful beta test with select clients, the platform is now available at no charge to GAIN Capital Group clients around the world. It can be accessed via GAIN Capital (www.gaincapital.com), GAIN's service for professional traders, and FOREX.com (www.forex.com), GAIN's retail division for self-directed individual investors.
Trading Technologies International (TT) yesterday announced plans to offer energy traders connectivity to the Dubai Mercantile Exchange Limited (DME) when the Middle East's first energy futures exchange begins operations on May 1, 2007. It is a joint venture between Tatweer, a member of Dubai Holding, and the New York Mercantile Exchange (NYMEX).
Fixed income trading platform Thomson TradeWeb says its Asia-based customers can now access the platform during Asian trading hours. "TradeWeb has long been synonymous with access to US Treasury bond liquidity and we are very pleased to be offering access to this dealer liquidity in Asian hours," says Lee Olesky, president, Thomson TradeWeb. "The widening of the trading hours on TradeWeb is an important benefit to our customers who have a presence in Asia, and is a major step in unifying electronic trading in the bond markets on a global scale. Expanding TradeWeb's offering to our customers in Asia is a further demonstration of our commitment to providing access to liquidity in the world's bond and derivative markets. We look forward to making further product introductions very soon," adds Olesky.
SuperDerivatives launches derivatives valuation, analytics and compliance platform for fund managers
OTC derivatives valuation provider SuperDerivatives has launched an online multi-asset class derivatives platform that it says offers a combination of accurate pricing, analytics, trading, risk management and compliance reporting. It is aimed at hedge fund managers in particular, and fund managers in general.
TSX Group CEO Richard Nesbitt and International Securities Exchange (ISE) president and CEO David Krell yesterday announced the creation of DEX, a new derivatives exchange which is scheduled to begin operations in March 2009 and will list and trade options, futures and options on futures on a range of Canadian securities.
Eurex Repo, the electronic repurchase agreement (repo) market of the international derivatives exchange Eurex, reached a new peak on 23 February; the daily outstanding volume in the Euro repo market totaled €57.5 billion. The previous record was €55 billion reached on 10 November 2006.
State Street said earlier today that it had completed the closing of its acquisition of Currenex. "The acquisition accelerates State Street's participation in the fast growing electronic foreign exchange trading market while significantly increasing and diversifying State Street's trading customers beyond traditional asset managers to include more active currency managers and hedge funds," said the Boston-based bank in a statement. "Together, State Street and Currenex will provide customers with the most comprehensive set of foreign exchange trading capabilities available in the market place today."
UBS Securities Malaysia becomes Malaysia's first foreign broker to be granted authorised borrower status
Bursa Malaysia has granted UBS Securities Malaysia authorised borrower status under its reintroduced regulated short-selling and securities borrowing and lending activities scheme. "We are delighted at being allowed to participate in the Securities Borrowing and Lending (SBL) framework," says Joe Cavatoni, head of equity swaps, Asia, UBS. "The re-introduction of these measures will contribute strongly to greater liquidity and enhance the attractiveness of the Malaysian market," he adds.
GL TRADE, a provider of integrated solutions for financial institutions, working in partnership with the London Stock Exchange (LSE) and its derivatives business EDX London, will hold its first joint trading forum in Moscow on 29 March. The forum will give an overview of the LSE's International Order Book (IOB) and the newly launched EDX Russian IOB Equity Derivatives Services.