REVIEW OF THE YEAR
Trading places - February 2006
LONDON – The departures from Merrill Lynch continued, with a quartet of staff leaving in the wake of restructuring at the investment bank....
HONG KONG & BEIJING – Bank of China (BoC) became a shareholder in CLS Group, as the world's largest emerging economy took another step towards...
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More REVIEW OF THE YEAR articles
February 2006 - BoA builds algorithmic forex capabilities
CAMBRIDGE, MASSACHUSETTS – Bank of America (BoA) took a major step towards building up its algorithmic trading capabilities in the FX space, with the acquisition of algorithmic-driven pricing and trading specialist, Financial Labs.
July 2006 - FXall stake sold to TCV for $77.5 million
NEW YORK – FXall sold a minority stake worth $77.5 million to private equity firm Technology Crossover Ventures (TCV).
September 2006 - Thomson expands FX offering with Tullett
LONDON – Thomson Financial introduced foreign exchange and money market pricing pages with content from Tullett Prebon Information (TPI).
September 2006 - Xinhua filters foreign news
BEIJING – China's plans to delay the information flow from foreign news agencies by filtering it through Xinhua news agency led to fears about the future of FX trade in the region.
May 2006 - Currenex launches CX SmartOrder
LONDON – Currenex an-nounced plans to move into algorithmic trading with the launch of CX SmartOrder, a platform that enables customers to use a number of standard models or to create their own.
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