FXCM launches venture capital division
FXCM has announced the beginning of their new project called FXCM Ventures, a new division of the company. The goal of the new division is to emulate the Venture Capital industry and to invest in forex and financial startups that can benefit both FXCM and the forex industry.
It is also aimed to provide a mutually beneficial partnership between startup companies and FXCM. Jacqueline Johnson, the leader of the project, has revealed in an interview to Forex Magnates that the criteria for investments will be companies with “strong leadership since the management of any startup is vital to its success or failure”.
Also, the company may “offer a product that has a proven ability to attract new users and add value to our clients, while complimenting or enhancing our current suite of products and services”, summarized Jonhson.
Caplin introduces development platform for banks
Caplin Systems has launched a new HTML5 development platform called BladeRunner. The brand new platform includes a suite of tools and components aimed to contribute to bank to build smarter trading applications. Caplin has launched it in a reaction for the banks demand for suitable framework and less complex technology.
The resources created allow programmers to make and try re-usable business modules, called ‘blades,’ and to mix it into applications for desktop and mobile devices. “Almost all the banks we speak to see web trading applications as a key differentiator, and recognise that the future for online trading lies with HTML5.
What we have now created with BladeRunner is a range of HTML5 financial trading libraries and a development toolset that allows bank developers to reach the same levels of productivity that they achieve in more traditional languages”, said Paul Caplin, founder and CEO of Caplin Systems.
Pound falls against US dollar
The pound has plummeted to its lowest levels versus the US dollar during the trade sessions in Europe. This happens while there are preoccupations over the handling of the euro zone’s sovereign debt crisis continued to weigh on market feelings. The pound against the dollar hit a session high of 1.6271 in the morning, before turning lower to consolidate at 1.6215, shedding 0.18%.