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11:00 December 4th 2006 in News, Brokers

New Head of Credit Indices at GFI

Inter-dealer broker and market data company GFI Group has appointed Wayne Margolies as head of credit indices, North America. Margolies, who has been with GFI for 13 years, was previously head of GFI's single-stock derivatives desk. He is relocating to New ...
Japanese firm Nikko Cordial Securities says it intends to expand its online margin foreign exchange service by increasing the number of currency pairs available for trading as well as reducing its transaction fees. From December 1, the brokerage firm will handle ...

11:00 November 27th 2006 in News, Brokers

OzForex Growth Surges on UK Business

Sydney-based OzForex, an online foreign exchange provider, says the successful launch of its UK office last year and a move to a 24-hour trading service will enable it to achieve annualised turnover of more than AUD2 billion for the 2006 calendar ...

11:00 November 27th 2006 in News, Brokers

Icap and EBS Profits Surge

Icap, the world's largest inter-dealer broker, saw a 22% surge in first-half revenues due largely to an increase in business on world markets. Profits at the group, which earlier this year held merger talks with the London Stock Exchange, rose 23% to 120.8 ...
FX trading company Gain Capital Group has beaten off competition from Saxo Bank to purchase Refco FX Associates' retail customer account information and marketing list. The agreement represents a u-turn for Gain, which in July terminated a deal to buy ...
The first revaluation of credit derivatives prices in Europe has been carried out by inter-dealer broker GFI in a bid to make one of the biggest financial markets more transparent. Last Tuesday (October 31) GFI revalued tranches of the Itraxx index, ...

10:00 October 23rd 2006 in News, Brokers

Marex Live with Algorithmics

Broker dealer Marex Financial has gone live with Algorithmics' risk management platform Algo Risk. Hosted by Algorithmics, the platform provides financial institutions with portfolio analytics and risk management capabilities spanning all asset classes and investment strategies. "Marex is now able ...
Interdealer broker GFI has completed the first interbank OTC rouble basket trade. It was a six-month trade, notional $100 million with an at-the-money forward strike price of 29.70, a spokesperson says. The weighted ratio was 60% USD, 40% EUR at 5.0 volatility. Steve McMillan, GFI's ...

17:00 September 18th 2006 in News, Brokers

BarCap Opens Trading Operation in Mexico

Barclays Capital has unveiled Grupo Financiero Barclays Mexico, comprising a bank and a broker-dealer. The banking operation, Barclays Bank Mexico, concentrates on trading, sales, and risk management instruments including currency, interest rate derivatives and structured notes. Barclays Capital Casa de ...