Feature
Danske ends four-year hiatus to reclaim Scandi award
In addition to its natural focus on Scandi currencies, the Danish bank is seeking to expand its global footprint, particularly in emerging markets
Tullett Prebon holds lead in options and forwards
The interdealer broker is set to launch a new FX forwards platform as it continues to prepare itself for regulatory change
Currency carry trade losses overshadow diversification benefits of currency
Currency manager Ugo Lancioni says investors still scarred by losses linked to carry trades are missing out on the diversification benefits of other strategies. Saima Farooqi reports
Offshore deliverable renminbi derivatives market grows despite fall in trade volumes
Despite a fall in offshore renminbi trade volumes, dealers say corporates are making increasing use of CNH forwards and options markets to hedge price exposure. Joti Mangat investigates
Central banks turn to RMB assets
Central banks in Asia are diversifying their holdings into RMB, marking the latest stage in the currency’s internationalisation
Best professional e-trading venue: Hotspot FX
Hotspot FX wins the award for best professional e-trading venue for the second consecutive year - the only firm to do so in this year's awards
Best algorithmic trading technology (vendor): FlexTrade
FlexTrade Systems wins the vendor award for best algorithmic trading technology, having made significant progress in expanding FX market share over the past two years
Vendor e-FX initiative of the year: MarkitServ
MarkitServ's CCP Gateway product, which it brought to market in record time after winning an RFP in 2010, wins the e-FX initiative of the year award
The future frontier of FX trading
At the FX Week USA conference in New York on July 10, FX Week gathered together three recipients of the e-FX achievement award – Jas Singh at Thomson Reuters (2009); Clifford Lewis at Currenex (2010); and Gil Mandelzis at EBS (2012) – to discuss the…
FX options initiative of the year: GFI Fenics
GFI Fenics wins the inaugural e-FX award for FX options initiative of the year in recognition of the successful launch of Fenics Trader in 2011
Best FX prime broker: JP Morgan
JP Morgan wins FX Week’s first e-FX award for best foreign exchange prime broker, having set an emphasis on prudent risk management – both in its approach to high-frequency trading and to over-the-counter clearing
Bank e-FX initiative of the year: UBS
UBS wins the e-FX initiative award for its KPI reporting and analysis tool, which has filled a gap in the market and won plaudits from buy-side firms
Achievement award: Gil Mandelzis
Traiana’s co-founder and former chief executive wins the 2012 e-FX achievement award in recognition of his lasting contribution to the development of the industry over the past 12 years
Citi wins double whammy for algos and Velocity platform
A combined effort to enhance Citi's standing in e-FX lands the bank awards for best algo trading technology and most innovative bank e-trading platform
Best e-FX platform for corporates: Absa Capital
South African investment bank Absa Capital last year white-labelled Barclays technology to develop the Pace single-bank FX platform, which wins this new category in the e-FX awards
Electronic broking initiative of the year: Tradition-Icap
Foreign exchange options broker Tradition-Icap wins this new e-FX initiative award in recognition of its daily volatility fixing, which dealers see as a landmark development in the trading of volatility
Best post-trade services provider: DealHub
DealHub wins the award for best post-trade services provider as it continues to gain traction in the FX market, providing tailored cross-asset technology across the trade life cycle
Best trading technology vendor: Portware
Portware wins the award for best trading technology provider as its algorithmic and cloud capabilities gain increasing traction in the FX market
Saxo scoops retail and white-label awards
As it approaches its 20th anniversary, Denmark’s Saxo Bank wins both best retail platform and best FX white-label liquidity service
Best liquidity management system: smartTrade Technologies
SmartTrade Technologies wins the e-FX award for best liquidity management system, having gained increasing traction in the FX market with a number of large clients
Diverse netting approaches create OTC headache
A lack of legal statutes over netting in several Asian countries means OTC trades could become prohibitively expensive in a post-Basel III world, potentially pushing international banks out of some markets in the region
Standards multiply as FX TCA takes hold
Increased choice in FX transaction cost analysis (TCA) is giving asset owners more tools to measure the performance of liquidity providers, custodians and trading algos. However, with more opportunities for real-time data capture driving a diversity of…
Managing currency risk: the buy-side perspective
Saima Farooqi asked six industry experts to describe their strategies to navigate through a challenging 2012
Tail risk cheap, but few takers
Market dislocation has created attractive tail risk hedging opportunities, but demand is failing to take off, writes Joti Mangat