Wednesday, March 14, 2012

CitiFX and Deltix to offer ultra low latency FX trading solutions

CitiFX and Deltix to offer ultra low latency FX trading solutions

CitiFX and Deltix to offer ultra low latency FX trading solutions

Posted: 14 Mar 2012 10:48 AM PDT

CitiFX and Deltix have teamed up to offer low latency trading solutions to a mutual client; Alacrity FX a systematic FX portfolio manager. Alacrity FX will benefit from the combined expertise of CitiFX and Deltix which is hosted at Equinix’s New York data centre.

Deltix is a lading software solution provider for firms looking to deploy advanced trading strategies.

CitiFX is the institutional FX division of global giant Citi Bank. CitiFX was the latest bank to introduce … [visit site to read more]

FXCM’s stock jumps 14% on solid 2012 year and Q4 2011 report

Posted: 14 Mar 2012 10:12 AM PDT

Finally some good news for the fx industry which lately suffered from low volumes and disappointing metrics. FXCM’s stock jumped 14% on better than expected full 2011 and Q4 2011 results. FXCM’s stock now trades at $12 still 14% lower than the IPO’s $14 … [visit site to read more]

MarketSpreads to sue ex-directors for €1.4m ‎

Posted: 14 Mar 2012 08:41 AM PDT

MarketSpreads an online trading firm based in Ireland is suing its former CEO and Executive Director for routing cash out of the company to another company they were involved in.

The pair are alleged to have been moving funds from MarketSpreads to a firm where the ex-CEO was a 60% stake holder.

It is believed that the ex-CEO Mr Rice and ex-Executive Director Mr O'Neill had administer the funds as a loan. However the two resigned form the company and sold their … [visit site to read more]

Chinese Premier Wen Jiabao wants currency reforms

Posted: 14 Mar 2012 01:07 AM PDT

The Chinese Premier Wen Jiabao has stated that the he wants to fast track the dilemmas the Yuan faces owing to restricted market flows on and off shore. During the National Peoples Congress meeting Wen recognised the shortfalls with the way the currency is managed and has pledged to speed up changes to ensure market stability.

China got promoted as the world’s second largest economy yet it still has capital controls against the Chinese Yuan. The economy has … [visit site to read more]

Saxo Bank rolls out Sungard’s Ambit

Posted: 14 Mar 2012 12:31 AM PDT

Saxo Bank one of the largest financial derivatives broker has signed up with Sungard to offer its Ambit on an application service provider basis. The move will help Saxo Bank reduce IT related costs and enhance operational efficiency.

Saxo Bank AG is part of the larger Danish Saxo Bank group with international offices and financial products. Saxo Bank offers traders its … [visit site to read more]
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