Categories: OLD Media Moves

Details of Dow Jones new FX Trader

Here are some details of the new DJ FX Trader, a news and data product being launched by Dow Jones & Co. to cover the foreign exchange market.

— Leading the FX news team is Jim Pensiero, deputy managing editor of The Wall Street Journal; Gabriella Stern, managing editor of DJ FX Trader; and Rick Stine, senior editor of Dow Jones Newswires;

— There will be a team of 100 journalists dedicated specifically to covering news vital to FX markets;

— Journalists will be based in strategic locations around the world to capture the local angle on currency flash points while providing the global context for the forex market;

— The product is expected to offer access to breaking forex news ahead of the broader market and other exclusive content. DJ FX Trader is a key addition to Dow Jones’ portfolio of forex trading products, which includes several forex-specific wire and commentary services;

— The forex market averages $4 trillion in turnover daily, according to the Bank for International Settlements. That market is expected to more than double to $10 trillion by 2020, according to UBS AG.

“The House of Medici made money from foreign exchange — in our age, it will be Dow Jones,” said Robert Thomson, editor-in-chief of Dow Jones and managing editor of The Wall Street Journal, in a statement. “We will provide market-moving news and alerts, unique statistics and incisive commentary backed by the full weight of our news organization and supported by high-speed delivery technology. Currencies were once merely a measure, but they are now a global asset class.”