Articles by Robert Mackenzie Smith
Optiver becomes first non-bank options market-maker on FXall
Dutch e-trading firm joins OTC FX options platform in a market taking electronic baby steps
Big moves, but no panic after tumultuous US election
Treasury market saw its largest post-election move since at least 2000 – but liquidity held up
Citi promotes Perkins and Wilson to top clearing post
US bank creates clearing co-head role in wake of Kemp’s retirement
Six big FX market-makers call for end to last look
Citadel Securities, Jump and Virtu among those repudiating controversial practice
trueEX to shut; deal done with crypto venue
Would-be disruptor will exit swaps business on July 19
Citi culls HFTs from FXPB client list
HC Technologies, Jump Trading and Virtu Financial among those told to find new prime broker
FXPBs over-allocating credit to algo and high-speed trading
Thinly capitalised trading firms are an accident waiting to happen while dealings on multiple venues make credit limits hard to set, claim market participants
Jump: inside the secretive e-trading giant
Execs at the Chicago prop firm wish the whole world was a Clob, but as bilateral volumes rise, they've decided to go with the flow
Regulators relent ahead of VM big bang
Firms with "significant exposures" must stick to March 1 deadline, however
Eurex tees up OTC forex clearing with CLS
Net settlement at CLS could slash liquidity risks for CCPs
Banks seek to standardise cross-currency settlement dates
Talks under way to exchange principal amounts on IMM dates to allow for greater netting
Banks warn prime brokerage clients of ‘material’ MVA costs
Some buy-siders are reassessing relationships as a result
EU non-cleared margin rules tipped for February
The regime is likely to begin earlier than mid-2017, say regulatory sources
Thomson Reuters Matching suffers outage
The FX platform had issues yesterday with data updating
Citi managing director exits in Singapore
Citi loses 20-year veteran as he looks to set up own business
Liquidity issues may prevent RMB's entry to SDR
Panellists at an industry conference in New York and a special China report from law firm Allen & Overy cite issues with liquidity as a main concern for renminbi progress
Emerging markets liquidity hit as banks pull back from risk warehousing
The difficulties of trading currency positions in G10 markets are exacerbated in EM, according to traders
Mesirow boosts teams in London and Chicago
The currency management company hires from State Street and Russell Investments
Sefs face uncertain future amid regulatory delays
Basel III could be the next trigger, but costs are mounting
Platforms seek new ways to curb last look abuse
FX platforms see filtering out poor liquidity providers as a more constructive way of prohibiting bad behaviour in electronic markets
CME Group senior director exits
FX and interest rate director leaves to set up own business
GFMA appoints Americas managing director
Six months after Mandy Lam's departure, the GFMA appoints a replacement from CLS
FastMatch updates last look procedure
The ECN is the latest to re-examine last look, following FXall and Hotspot, while also updating its disputed trades procedure
Panel speakers clash on last look viability
Panellists speaking at the FXIC conference in New York disagreed on current electronic trading practices in foreign exchange