Trading
Fixation on internalisation is ‘nonsense’, say banks
Banks respond to increasing industry focus on internalisation of FX trades, arguing the practice offers better execution for clients than trading on primary platforms
Forex clearing drives Nasdaq OMX reorganisation
Global market services unit designed to improve trading transparency for exchange’s clients
Thomson Reuters trials randomisation, updates rule book
Thomson Reuters Matching has announced an update to its rule book in a bid to level the playing field among market participants
EBS rolls out randomisation across the board
EBS implements one to three millisecond latency floor in most active currency pairs after a six-month trial in the Australian dollar and Swiss franc
DTCC experiences ‘brutal’ start to trade reporting
Trade repository admits it was caught unprepared by reporting at industry conference
US banks benefit as European peers pull back from Ficc
European banks losing out to better capitalised and less regulated US counterparts, according to research
NZD/CNY begins direct trading agreement
The announcement of a direct FX trading relationship between New Zealand and China will lead to improved efficiency, say approved market-makers
Thomson Reuters switches to 25 pip pricing in Russian ruble
Thomson Reuters Matching is increasing minimum tick sizes in the Russian ruble to prevent high-frequency traders from gaming others
FX Focus - Alessio de Longis Q&A
Emerging markets were rattled by the Federal Reserve’s talk of tapering its quantitative easing programme in 2013. Will 2014 see more of the same? Or will emerging market currencies dance to a different tune?
FX Focus - Currency managers see brighter days ahead for FX markets
Currency managers are attracting more interest from clients as differentials grow between developed-world economies, but patience may still be required in the wait for higher returns
FX Focus - EM currency markets face fragmented 2014
Emerging markets were rattled by the Federal Reserve’s talk of tapering its quantitative easing programme in 2013. Will 2014 see more of the same? Or will emerging market currencies dance to a different tune?
Systematic funds may continue to struggle in low-rate environment
Happier times for systematic traders still some time away, says Alessio de Longis
FXall continues to lead FX volume charts
The Thomson Reuters-owned platform has topped the average daily volume table ahead of Matching and EBS for the sixth month in a row
Commercial banks set to dominate FX trading yet again
The FX market is heading back to the 1990s as smaller, regional banks make a comeback and take back ground from investment banks
RBS internalisation levels hit 90% in EUR/USD
The Royal Bank of Scotland has revealed details of the extent to which it internalises certain currency pairs, which it claims is a better deal for clients
Migration from multi-bank platforms set to continue as fees mount
High fees in low-return environment pushing banks to alternative liquidity distribution channels
UK and Singapore set up RMB private sector working group
Offshore RMB development to be hot-housed by UK and Singapore forum
FX Invest Europe: Denison calls for more innovation in FX fund management
Keynote speaker at FX Invest Europe says FX managers too often stuck in a rut
FX Invest Europe: Deutsche Bundesbank official praises Fed’s QE exit strategy
Christine Glockmann says other central bankers may copy Fed’s communication over QE tapering in 2013
FX traders see lacklustre trading volumes as trends stay weak
Volumes and activity point to subdued year ahead as trends remain weak
FSB announces review of FX benchmarks
FSB will present findings to G-20 Brisbane conference in November
Buy side enjoys two consecutive quarters of narrowing spreads
Cut-throat competition for volumes brings good news for buy-side firms
Russian ruble pricing changes provoke FX market debate
Debate over price granularity in the ruble heats up as platforms consider changes
Argentine peso stabilises after turbulent few weeks
Central bank introduces new capital controls policy as foreign currency reserves dwindle