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25 Aug 2008

Weekend News Update

Interesting story here by DanFonds on frontier markets; 'Ecobank's USD 2.5bn capital raising begins today.'

And here by Seth Berlin; 'Does Mimicking behavior lead to market crashes?'

Finaly, Avalon Capital Holdings Corporation has initiated alpha testing of its proprietary ECN system for the Forex market.

The system will be ideal, Avalon says, for traders seeking to execute large orders of a billion or more across many banks and hedge funds simultaneously.

Forex Market Platform Launch By Avalon

Avalon Capital Holdings Corporation, and its wholly owned subsidiary, Traders Development LLC, announced that it has initiated alpha testing of its proprietary ECN system.

The Avalon ECN is a liquidity aggregator, which takes the best prices from an unlimited number of price providers, and allows traders to execute off the best prices in the market. The system will be ideal for traders seeking to execute large orders of a billion or more across many banks and hedge funds simultaneously.

"The overall goal of the Avalon ECN is to significantly improve the institutional liquidity in the Forex Market by applying the latest software technologies in the Foreign Exchange Industry." Dr. Vladimir Karpenkov, Chairman of Avalon Capital Holdings Corporation said. "Additionally, the Avalon ECN is designed to reduce the cost for Retail Forex brokerages that are seeking interbank liquidity."

"The Forex Market is about reducing overhead, managing risk and acquiring new trading clients. With Avalon technology, companies ought to increase their profitability while reducing risk." Alex De Khtyar, President of Avalon Capital Holdings Corporations added.