Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

e-Forex Magazine Interviews Citi, ADS Securities, FCM360, Other Foreign Exchange Leaders in latest April Edition  Join our daily free Newsletter

MENAFN Press - 10/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN Press) e-Forex magazine's April edition focuses on the latest trends in high-performance FX trading including a cover feature on Philippe Ghanem founder of ADS Securities in Abu Dhabi



Asked about locating ADS Securities in Abu Dhabi, Ghanem, managing director and vice chairman, told e-Forex (www.e-forex.net): "Capital, stability, time zone and opportunity were all behind ADS Securities' decision to set-up in the Middle East. Abu Dhabi is quickly developing into an important financial hub and has a reputation as a city where you can do business. The company was established by forward-thinking local investors who realized that there was a gap for a well-capitalized FX company operating from a regulated and stable marketplace.



Abu Dhabi, sits between the financial centers of the Far East and Europe, allowing flow to be managed between these markets Ghanem observed



In Pathways for achieving higher speed FX connectivity, author Dan Barnes, examines the increased adoption of Algorithmic FX trading coupled with the growth of FX trading on exchanges and the launch on new FX ECNs. Barnes asks whether these trends are making connectivity more complex and potentially more costly for trading firms.



The article quotes FX authority Jubin Pejman, FCM360 managing director, who told eForex: "New regulations are forcing a lot of people out of the energy and commodity markets, which were typically very stable. Capital has to go somewhere. Entire divisions of people are being laid off, they can't just move to another shop as the rules affect every firm, so they are looking at other asset classes.



Pejman, whose FCM360 offers managed services and technology in the derivatives sector, added, "The reason FX has blown up in size is that many countries, such as Singapore, Hong Kong, China and Japan, are making it easy to get into the market.



In a report titled, Choice, Consolidation, Customization: picking the winners in the race for FX Aggregation “ e-Forex explores the challenges facing sell-side firms in dealing with price aggregation and how a new generation of specialists are emerging to provide algorithms, tools and workflows based around the customer's individual preferences and trading policies



FX aggregation services have gained a significant foothold globally and particularly in Asia where interest in FX aggregation is growing rapidly. "Over the last two to three years, we have seen a significant number of firms set up in the region," said Alex Knight, global head for Citi's FX margin trading business, which offers an aggregated liquidity management service, CitiFX TradeStream. Citi launched the service in November 2012 to serve mid-level institutions

E-Forex Magazine is available in Flash at:

Http://content.yudu.com/Library/A2ryya/EForexApril2014/resources/index.htm?referrerUrl


About e-Forex Magazine
e-Forex Magazine

 


MENAFN Press




  MENA News Headlines
 Oct 26 2014 - Afghan president visits Saudi ArabiaArab News
(MENAFN - Arab News) KABUL: Afghanistan's President Ashraf Ghani Ahmadzai on Saturday made his first overseas trip since taking office fulfilling an election promise to undertake a religious ...

 Oct 26 2014 - Tens of thousands protest Renzi's job measures in RomeArab News
(MENAFN - Arab News) ROME: Tens of thousands of Italians took to the streets of Rome Saturday for a demo organized by Italy's largest trade union to protest Prime Minister Matteo Renzi's plans to ...

 Oct 26 2014 - France announces big coalition air raid against IS in IraqArab News
(MENAFN - Arab News) PARIS: The international coalition currently battling the IS group in Iraq dropped around 70 bombs on an arsenal and militant training center in a large-scale overnight raid the ...

 Oct 26 2014 - UN climate chief hails EU dealArab News
(MENAFN - Arab News) BONN: The UN's climate chief hailed a European agreement on greenhouse gases Friday as providing 'valuable momentum' for a world pact to be inked in Paris next year.The goals set ...

 Oct 26 2014 - Russia still has troops in Ukraine NATO saysArab News
(MENAFN - Arab News) MONS Belgium: Russia still has troops in eastern Ukraine and retains a very capable force on the border despite a partial withdrawal NATO's military commander said on ...

 Oct 26 2014 - Canadians seek to understand Parliament shootingArab News
(MENAFN - Arab News) OTTAWA Ontario: Authorities and ordinary Canadians sifted through confounding shards of a gunman's life seeking to understand what motivated the man to storm the nation's seat of ...

 Oct 26 2014 - BASF warns on profitsArab News
(MENAFN - Arab News) BERLIN: Chemical and oil company BASF is warning that its profits will come in below its previous forecast in the wake of slower global economic growth and industrial ...

 Oct 26 2014 - Saudi- Fawaz Alhokair's net profit rises 7.72Arab News
(MENAFN - Arab News) JEDDAH: Saudi Arabia retailer Fawaz Abdulaziz Alhokair Co. reported a 7.7 percent rise in second-quarter profit as sales increased and it made foreign exchange gains but the ...

 Oct 26 2014 - Saudi- Future of security fire and safety under spotlightArab News
(MENAFN - Arab News) The forthcoming 17th International Conference & Exhibition of Industrial Security is expected to attract more than 5000 commercial and government professionals to discuss the ...

 Oct 26 2014 - Oman: Oil price decline adds pressure to reduce subsidiesArab News
(MENAFN - Arab News) KUWAIT CITY: Oman's government is likely to start cutting some state subsidies next year as the decline in global oil prices pressures its finances Minister for Financial Affairs ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help