From the August 01, 2011 issue of Futures Magazine • Subscribe!
OANDA Corporation has opened an office in London to manage the company’s newest subsidiary, OANDA Europe Limited.
Deutsche Börse AG announced that it has acquired a minority stake in Digital Vega, a London based company, which provides electronic FX technology solutions to buy- and sell-side firms.
CME Group announced the launch of new foreign exchange (FX) futures contracts based on the Chinese Yuan (CNY), or Renminbi.
Americans most optimistic since 2007 as stocks surge
Americans’ confidence in the economy climbed in May to the highest level in almost six years as rising real estate values and record stock prices boosted household wealth.
Gold ETF outflows drag on metal as holdings drop to 4-year low
As inflation is low and equity markets are rising, gold-backed ETP investors have been rotating out of gold. The SPDR Gold Trust holdings dropped to a four-year low to 1,041 metric tons yesterday.
Using British pound options to play a dovish BoE
As the Bank of England (BoE) continues its efforts to push inflation back to its 2% target, the pound Sterling has fallen to near 31-month lows against the dollar. Use a put spread to define your risks vs. rewards.
SEC charges Chicago father, son in cherry-picking scheme
The regulator says Charles J. Dushek and Charles S. Dushek mixed funds with clients and allocated winning trades to personal accounts.