Tuesday, March 27, 2012

Kenyan Banker urges hedging strategies for corporates

Kenyan Banker urges hedging strategies for corporates

Kenyan Banker urges hedging strategies for corporates

Posted: 27 Mar 2012 04:27 PM PDT

East Africa’s most promising economy – Kenya has been growing at a positive 4-5% during the last decade. With international trade increasing bank of Africa’s Kenya Head has urged small and medium enterprises to explore foreign exchange hedging strategies to mitigate currency risk.

The recommendation comes after the Kenyan shilling had a topsy-turvy ride last year and importers of oil, fertiliser and chemicals were forced to dig deeper to purchase raw products. … [visit site to read more]

TwoFour signs up Investment Bank

Posted: 27 Mar 2012 07:07 AM PDT

TwoFour a leading financial services solutions provider has signed up a global investment bank for its FX treasury products. Two Four provides treasury, FX, cash management, order management and limit monitoring services to institutional clients.

Two Fours solutions give the bank a better picture of their trading book, with advanced order management and reporting tools. Two Four is a specialist financial services solutions provider established in 2002. It offers global … [visit site to read more]

Forex Club is on the move – appoints a new US CEO Michael Klena

Posted: 27 Mar 2012 03:46 AM PDT

Forex Club, one of the largest brokers in Eastern Europe, is in a restructuring and expansion frenzy – after taking a major investment from a private equity fund it announced the appointment of a new US CEO. Michael Klena (who was in fact appointed few weeks ago) arrives with extensive Wall Street background from TD and E*Trade and will try to help Forex Club break … [visit site to read more]

BATS withdraws IPO after botched up pricing

Posted: 26 Mar 2012 11:58 PM PDT

BATS a leading US equities exchange has withdrawn its initial public offering after an embarrassing glitch in the system which priced NASDAQ A and B shares incorrectly. The error took over two hours to fix.

BATS board of directors decided to withdraw the IPO as the projected share price took a major down turn. The IPO was priced in at $16 per share however after the dismay it went as low as $4.

BATS originally started as an ECN offering traders an alternative executing … [visit site to read more]

Puerto Rico trader fined $3.7 million

Posted: 26 Mar 2012 11:41 PM PDT

A Puerto Rican FX fund manager has been fined by a United States district court in Puerto Rico for dealing fraudulently in Foreign Exchange trading.

Angel Collazo owner of ACJ Capital Inc was accused by US regulator CFTC of fraudulently trading on behalf of clients, fraudulently soliciting them and making false claims of profitability.

The complaint was filed in May 2011, Angel was accused of soliciting $1.7 million from at least 18 individuals, it was found that Angel … [visit site to read more]
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)