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  • Jennifer J 08:00 on September 22, 2015 Permalink | Reply
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    Join TradingScreen at Forex Network Chicago 

    Forex network chicago

    Please join TradingScreen at the Profit & Loss Forex Network Chicago 2015 event. From September 24-25 we will be available at The Westin Chicago at Exhibit Booth 12 for the event. The conference offers a networking opportunity with hundreds of industry peers and discussions on the future, the risk and the market in FX.

    If you would like to join us, please register below. For more information regarding the event, please click here.

  • Mike T 11:01 on July 13, 2015 Permalink | Reply
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    TradingScreen's Morning Roundup 

    Key Regulatory Developments



    Thought Leadership:

  • Mike T 14:18 on June 16, 2015 Permalink | Reply
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    FX Week Recognizes TradingScreen with 2 e-FX Award Nominations 

    After launching the first fair FX pricing index, FFFX, this year, TradingScreen is honored to have been nominated by FX Week for 2 e-FX Awards:

    • Best E-surveillance Solution Provider
    • Best Trading Technology Vendor

    Eva Szalay, the Editor of FX Week, states, “The past year has seen transformational changes in the FX industry and it is clear that the definition of innovation in electronic foreign exchange is changing fast as banks, brokers and technology vendors deal with strapped IT budgets and staff resources, the changing demands of regulation, and the evolving ecology of the FX market.

    “The e-FX awards will recognise innovation and excellence across the industry, and we expect this year’s entries to be more competitive than ever.”

    The Best Trading Technology Provider Award will go to “the business that can demonstrate its track record in delivering the best technology to the FX industry and adapting its services to cater to changing market conditions. The winner will be able to show how the innovative products it has offered the market have set it apart from rivals.”

    Best E-surveillance Solution Provider will go to “the provider that can demonstrate accuracy, value for money and reliability. The regulatory investigation into currency markets has increased focus on what happens on electronic trading systems, behaviour and conduct. It has also brought to the fore the need to keep a close eye on how orders are processed, unusual trading patterns and the monitoring and interpreting data from electronic-trading infrastructures.”

    The winners will be announced at a reception on 14 July at the New York Hilton Midtown.

    Interested press and analysts may contact:
    Cristina Dolan
    Head of Content and Communications
    Direct: +1 212-359-4149

    Click here if you are interested in learning more about what TradingScreen can offer you.

    About TradingScreen
    TradingScreen is the leading independent provider of liquidity, trading, and investment technology via SaaS to the financial community. TradingScreen’s goal is to simplify the complexity of markets, by consolidating all investment workflows for exchange-traded and OTC instruments on a single platform. TradingScreen brings the major, global sell-side participants, leading regional brokers and the largest Buy side firms to a common environment, delivering market access, order- and liquidity-management and Investment services. The benefit to clients is an exceptional reach across counterparties, asset classes, and geography, and a full integration of services front to back. TradingScreen was named the Best Fixed Income Trading Platform in 2014 by Wall Street Letter for the second consecutive year, in addition to winning numerous awards for best trading technology. TradingScreen provides global coverage from offices in Boston, Chicago, Geneva, Hong Kong, London, New York, Paris, São Paulo, Singapore, Sydney and Tokyo. For more information on TradingScreen, go to http://www.tradingscreen.com.

  • Mike T 12:26 on June 12, 2015 Permalink | Reply
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    Hedge Fund News Wrap: Week Ending 06/12/15 

    ECB’s Draghi Defends Private Meetings after Criticism of Hedge-Fund Dinner
    (Reuters) – The head of the European Central Bank has defended a private discussion about money printing plans with a group of hedge funds, saying closed-door meetings with special audiences helped the ECB do its job.

    Last month, the EU’s top watchdog or Ombudsman challenged the ECB over discussing sensitive plans for money printing with a group of hedge funds, giving them a headstart over investors who only found out the following day.

    A top ECB official, Benoit Coeure, had said at a dinner in London attended by hedge funds, academics and bankers that the central bank would accelerate bond buying in the coming weeks.

    When his speech was released on the ECB’s website the following morning, the euro fell sharply and stock and bond prices jumped, prompting investors to cry foul. The ECB blamed the delay in publication on an error. (More …)

  • Mike T 16:02 on June 5, 2015 Permalink | Reply
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    Hedge Fund News Wrap: Week Ending 06/05/15 

    An Activist Investor Takes Aim at Bid for Samsung

    (DealBook) – One of America’s biggest activist hedge funds is making a rare foray into Asia, betting that it can alter the restructuring plans of the heavyweight Samsung.

    The move by Elliott Management, run by Paul E. Singer, essentially threatens efforts by the family that controls the South Korean tech giant to consolidate its hold over a sprawling corporate empire. The fund, which bought a 7.1 percent stake in a Samsung Group company that Samsung had planned to sell to another unit, objected on Thursday to what it said was a low sale price.

    Elliott’s move is an unusual glimpse of investor activism in a region where such campaigns are seldom seen and where they have met mixed results. Family or state shareholders wield control of some of the biggest public companies in Asia and often bristle at outsiders’ telling them how to run their businesses. (More …)

  • Mike T 14:12 on May 22, 2015 Permalink | Reply
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    Hedge Fund News Wrap: Week Ending 05/22/15 

    Top U.S. Hedge Funds Continued to Dump Apple amid Rally
    (Reuters) – Top U.S. hedge fund management firms, including Leon Cooperman’s Omega Advisors and Philippe Laffont’s Coatue Management, continued to reduce or slash stakes altogether in Apple Inc (AAPL.O) during the first quarter, as shares of the iPhone maker rallied.

    According to regulatory filings released on Friday, Coatue cut its holding of Apple by selling 1.2 million shares during the first three months of this year, but it remains the fund’s single biggest U.S. stock investment, with 7.7 million shares. Omega Advisors sold all of its 383,790 shares in Apple during the first quarter, while Rothschild Asset Management cut its stake by 107,953 to 938,693 shares, filings showed on Friday.

    David Einhorn’s Greenlight Capital also cut its exposure in Apple during the first quarter, slashing its stake by 1.2 million shares to 7.4 million shares. (More …)

  • Mike T 14:12 on May 15, 2015 Permalink | Reply
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    Hedge Fund News Wrap: Week Ending 05/15/15 

    Blackstone Buys Minority Stake in Hedge Fund Magnetar Capital

    (DealBook) – The Blackstone Group is taking a minority stake in Magnetar Capital, the $13.6 billion hedge fund run by the former Citadel trader Alec Litowitz.

    It is the latest deal for the hedge fund arm of Blackstone, a unit run by J. Tomilson Hill. Blackstone, based in New York, has been building up a portfolio of minority stakes in hedge funds and has raised more than $3 billion to do so.

    Magnetar said the deal would help it expand. It added that it would retain full control of the business. It did not disclose the financial terms of the deal.

    “Blackstone’s investment provides a catalyst that will help us achieve the firm’s strategic objectives, which include continuing to attract and retain key talent, increasing our investment in our funds and deepening our relationship with a leader in the alternative asset management sector,” Mr. Litowitz said in a statement. (More …)

  • Mike T 12:51 on January 28, 2015 Permalink | Reply
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    Economic Analysis – Week of January 28, 2015 

    The European Central Bank announced a quantitative easing program that is larger than analysts had predicted. As a result, equities gained, the euro fell and interest rates will likely decrease. The devaluation of the Euro may increase exports for Europe. US manufacturing should remain unaffected as the stronger dollar will be negated by increased demand from Europe. Crude oil prices descending to the lowest point in nearly eight years has hurt the US energy sector but has been positive for the economy overall and has led to strong consumer confidence.

    More analysis of this week’s news by Econoday’s Senior Economist Mark Rogers:

    Econoday reports, available on TradingScreen’s award-winning TradeSmart EMS, provide alerts on upcoming economic announcements, and jargon-free analysis of their potential market impact. Mark Rogers, Senior Economist for U.S. markets, has over 19 years of experience with the Federal Reserve Bank of Atlanta as an economist and forecaster for national and regional economies.

    Click to learn about getting access to Econoday’s economic reports on TradingScreen.

  • Mike T 10:10 on January 23, 2015 Permalink | Reply
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    Hedge Fund News Wrap: Week Ending 01/23/15 

    (Bloomberg News) – Hedge fund manager Zach Schreiber stood on stage at Avery Fisher Hall in New York eight months ago and made a bold prediction.

    “We believe crude oil is going lower — much lower,” Schreiber, 42, told the audience of roughly 3,000 investors, including some of the biggest money managers in the industry. “If you are long, I’m sorry for you.” Then he showed a slide of a car stuffed with clowns.

    Crude was trading at $99 a barrel that day, bolstered by speculation that Russia’s annexation of Crimea and incursions into Ukraine would crimp shipments. Prices crept up over the next weeks peaking in June at $107. Then, as Schreiber predicted, the dive began.

    Oil fell more than 50 percent through the end of the year as global supplies piled up, helping Schreiber’s PointState Capital make about 27 percent for the year after fees. The New York-based investment firm’s profit was about $2 billion in 2014 with about half of that from the oil trade, according to people familiar with the matter, who asked not to be identified because the firm is private. (More …)

  • Mike T 15:12 on January 16, 2015 Permalink | Reply
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    Hedge Fund News Wrap: Week Ending 01/16/15 

    (Reuters) – Currency speculators and global macro hedge funds with large short positions in the Swiss franc are staring massive losses in the face after the Swiss National Bank shocked markets on Thursday by removing a three-year-old cap on the currency.

    The move sent the safe-haven franc soaring against the euro and the U.S. dollar at a time when more than $3.5 billion was betting on more franc weakness, the largest such position in more than a year and a half.

    The damage from the Swiss franc’s sharp moves comes as a blow for macro hedge fund managers nursing wounds from nearly four years of mediocre performance. Only days ago, the SNB termed the 1.20 francs per euro cap the cornerstone of its monetary policy. (More …)

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