Industry Updates: Traiana, Morgan Stanley, Chi-X, Currensee, Saxo Bank, First Derivatives

• Morgan Stanley Goes Live on Traiana’s Real-Time FX Margin Solution

Traiana, the market standard for post-trade processing of foreign exchange (FX), announced that Morgan Stanley is the first customer to go live with Traiana’s real-time FX margin solution. Nick Solinger, Chief Marketing Officer of Traiana, says “Over the years our sell-side customers have told us there has been little innovation in FX margining. Given the significant changes in prime brokerage and retail FX, customers now require a state-of-the-art, scalable, real-time margin solution across FX products and futures”.

• BM&FBOVESPA & Chi-X Global to leverage Chi-FX for new Brazilian market service

Chi-X Global has announced an alliance with BM&FBOVESPA ("BVMF") to create a new service for the Brazilian market that leverages Chi-X Global's Chi-FX™ product. Chi-FX Brazil will use executable foreign exchange (FX) rates provided by FX Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term providers to disseminate streaming quotations for BVMF equities to foreign investors in their offshore base currency. Chi-FX Brazil will also allow foreign investors the ability to enter orders with limit prices in their base currency and facilitate the simultaneous paired execution of the equity and forex legs of the transaction, thereby mitigating intraday FX risk.

• Saxo Bank launches forex education programme on Facebook

Saxo Bank has announced the addition of a Forex Trading Education tab to its Saxo Forex fan page on Facebook, allowing traders of all experience levels to enhance their Forex trading knowledge and gain new insights into the psychology of trading. Facebook has over 400 million users worldwide, and a growing number of companies are moving to the platform to educate and communicate with customers. The Saxo Forex Facebook page has seen a rapid growth in number of 'fans', Facebook's term for users who show interest in the company and automatically receive all updates of the page. Since its launch in February the page has attracted over 5,500 fans, a large percentage of whom read new posts and follow discussions on a daily basis. The page enables users to participate in Forex trading discussions and stay informed of upcoming events, such as seminars.

• First Derivatives to raise £3.3 million through share placing

The company says the placing has been undertaken to satisfy "strong investor demand" and that the proceeds will be used to reduce debt and provide extra working capital. The Northern Ireland-based vendor last month posted a significant rise in revenues and profits for its financial year and forecast further growth into the coming year. The strong returns came on the back of recent acquisitions, including Cognotec in February and the New York-based Reference Data Factory in October. In March, First Derivatives also received £1.29 million from Invest Northern Ireland towards a major research and development push.

• Currensee named one of Boston's fastest growing companies

Currensee Inc., the first Forex trading social network that connects traders from around the world based on real-time trades, announced that Lead411 has named it as a recipient of the "Hottest Boston Companies" awards. Boston area companies were hand selected for this list based on factors such as revenue growth, funding and website traffic.

Each day, the Lead411 research team scours through 600+ press releases and business articles including venture capital funding, company launches, new office openings, customer press releases, etc. This information has given insight to which are the fastest growing companies in the U.S. Their "Hottest Companies" awards have been created to recognize these fast growing companies in different geographic regions. This particular list originally started with over 1,250 companies and it has been narrowed down to the top 86.