Feature
FX structurers take advantage of high-cost hedging in other asset classes
FX structurers are trying to tempt clients away from high-cost asset classes such as rates and credit by replicating the hedges on offer there through proxy instruments, but will buy-side participants trust the correlations to hold up when the worst…
Volcker rule curtailing FX liquidity, say buy-side participants.
Investors say foreign exchange market-makers are already trimming risk appetite ahead of the Volcker rule ban on proprietary trading in the US. But, while liquidity in emerging market and frontier currencies has suffered, other market participants…
FX Week Forum: Dodd-Frank and electronic platforms
In the second in a series of video features addressing key themes in the global FX industry, Joel Clark talks to Kathy Alys and Rob Mackenzie Smith about recent stories covering the Dodd-Frank Act's external business conduct standards and pricing on…
Corporates reluctant to add single-dealer platform connections
New electronic execution platforms for corporate clients face a challenge to win new business, with many firms preferring to minimise the single-dealer platforms they connect with
FX Week Forum: The challenges of clearing options
In the first in a series of video features addressing key themes in the global FX industry, editorial director Nick Sawyer talks to FX Week editor Joel Clark about the complex issues that have delayed central clearing of FX options
Most innovative bank e-trading platform: BNP Paribas
BNP Paribas developers looked outside the world of finance for inspiration when developing Cortex FX, and the new platform’s functionality has won widespread plaudits from clients
Best provider of FX clearing: Citi
Despite the challenges associated with clearing foreign exchange, Citi wins this award as one of the best-placed banks to succeed when it becomes mandatory
Best retail platform: Spotware Systems' cTrader
Spotware Systems wins the retail award having successfully launched a platform that challenges the dominance of MetaTrader in the retail market
Best FX white-label liquidity service: Saxo Bank
Saxo retains its lead in the white-labelling business, having seen particular traction with private banks over the past year
Best professional e-trading venue: EBS
EBS wins the award in recognition of the thought leadership role it has taken in FX execution over the past year, which has won the support of many of the platform's users
Best algorithmic trading technology provider: BNP Paribas
BNP Paribas successfully breaks into the increasingly competitive market for algorithmic execution in foreign exchange
Vendor e-FX initiative of the year: Traiana
Traiana's CreditLink product wins this year's award, having tackled an important layer of risk in the FX market, and enabled trading relationships to be terminated in real time on five occasions
Bank e-FX initiative of the year: Deutsche Bank
Deutsche scoops two awards, one for its revamped AutobahnFX platform, launched last year, and another for its ACT platform for corporates trading FX
Options platform of the year: Digital Vega
Despite the challenges faced by multibank options platforms as a result of delays in regulation, Digital Vega has managed to build consistent liquidity on its Medusa platform
Best liquidity aggregation system: TraderTools
TraderTools wins the award for best liquidity aggregation system after adding a unique product to the increasingly crowded market with its LightFX hosted service
Achievement award: Jeff Feig
Citi’s global head of G-10 FX wins the 2013 e-FX achievement award in recognition of the exceptional contribution he has made to Citi’s foreign exchange franchise and the broader industry over the past nine years
Best post-trade services provider: DealHub
DealHub scoops the award for best post-trade services provider, having continued to launch new products and help clients prepare for regulatory change
Best transaction cost analysis technology: ITG
Investment Technology Group (ITG) takes the inaugural award for best FX TCA provider, having successfully leveraged its experience in the delivery of TCA in equities
Best trading technology vendor: Barracuda FX
Niche vendor Barracuda FX wins trading technology vendor of the year, having cornered the market for FX-focused order management technology
Cross-border resolution hinges on trust
Work to develop a cross-border recovery and resolution regime is progressing, but the need for individual regulators to sign co-operation agreements is seen as a potential problem. It boils down to trust – and that worries some participants. Michael Watt…
Standardised OTC swaps spice up futurisation fight
March saw the launch of a template for a new standardised interest rate swap product – an attempt to protect swap market liquidity from the threat of futurisation. The first product based on the template could be launched within weeks, but even some…
Corporate cash seeks new home as money-market reforms loom
New regulation on both sides of the Atlantic threatens to make money-market funds less attractive for corporate treasurers. Banks are hoping this cash will flood into fixed-term deposits instead, helping them meet incoming liquidity ratios, but they’re…
Demand for new FX trading platforms boosts providers
New trading platforms are being created to fill the gap between incumbent providers and the more niche areas of the market. Saima Farooqi looks at some of them
Corporates await final Dodd-Frank details as deadline approaches
As Dodd-Frank deadlines loom for corporate derivatives users, treasury desks with sophisticated FX hedging programs should be steadily adapting compliance systems. But with regulatory energy focused on swap dealers, corporates are still waiting for…