Trading
Deutsche Bank unveils hybrid blotter on revamped Autobahn FX platform
Deutsche’s new single-dealer forex platform centres around a trade blotter that allows users to manage their voice and electronic business through a single interface – a first for the industry, the bank says
Bloomberg connects to CME for NDF clearing
Bloomberg has connected its FXGO platform with CME Group to enable NDFs traded on its platform to be cleared through the exchange
FXall fills gap in Thomson Reuters’ forex portfolio, says Jas Singh
Speaking at FX Week USA conference, Thomson Reuters FX head says the acquisition of FXall has been on his personal agenda for four years, but has taken time to push through
Platform proliferation branded unsustainable as Tullett/Integral venture launches
The frenzied round of FX trading platform launches will undoubtedly lead to a round of consolidation, with less successful players squeezed out of the market, argue FX Week USA speakers
Thomson Reuters' FXall acquisition raises industry questions
Acquisition of FXall by Thomson Reuters for $625 million has sparked a number of questions, not least over the future of chief executive Phil Weisberg
Spotlight on: Beng-Hong Lee, Deutsche Bank
Deutsche’s head of offshore renminbi in Shanghai talks to Joel Clark about his role in leading the bank’s efforts in the new currency, and where he believes the biggest opportunities and challenges lie
Barclays begins e-IRS trading in Middle East currencies
UK bank continues to expand electronic capabilities in the Middle East
Renminbi payments continue to grow, according to Swift
Swift says the currency is now the 16th most actively used in trade settlement
Volcker rule could hurt liquidity in FX spot market, participants warn
Foreign exchange swaps and forwards should be exempted from the Dodd-Frank ban on prop trading, or else liquidity in the spot market could suffer
FXSpotStream will cut costs and inefficiencies, say banks
The liquidity providers behind FXSpotStream believe the new platform adds genuine value to the FX spot market by directly tackling the challenges that exist on traditional spot platforms
Deutsche moves to simplify RMB under PBoC scheme
Deutsche Bank today completed the first renminbi cross-border transaction under a simplified scheme designed to ease the documentation burden for corporate users
FX Week China: CNH/CNY forward divergence threat has stabilised
A reversal of the spread between offshore deliverable forwards and onshore NDFs that caused pain for speculators last year is unlikely to recur, say economists
Fleschler returns to Hotspot FX
Industry veteran moves back to ECN
FX Week China: RMB internationalisation will take time
Significant progress has been made since 2010 in opening up renminbi to international participants, but it has to be done gradually, say speakers at FX Week China
Spotlight on: James Watson, FXall
FXall’s newly appointed head of Europe, the Middle East and Africa talks to FX Week about his recent move from an equity sales role at Morgan Stanley into the FX market, and his aspirations for the platform’s European business
And so to the front office
Following the recent appearance of two alternative trading platforms, questions have been raised about how many new platforms the FX market can hold
New-look EBS will drive out disruptive players, vows Mandelzis
Speaking for the first time about his plans for EBS, chief executive Gil Mandelzis says the platform will remain open to all participants that enhance liquidity
TraFXpure open-access model aims to eliminate tech-based competition
Interdealer broker Tradition claims the new bank-backed spot platform will provide fair access for all, regardless of technology
Currency managers down in April, says Parker FX
Index of 52 programmes hit by fiscal and political uncertainty
Spotlight on: Ron Levi, GFI Group
The interdealer broker’s chief operating officer talks to Joel Clark about the growth of GFI Group during its 25-year history, its strengths in foreign exchange, and why he expects to be among the first wave of brokers to register as a Sef under the US…
Global inconsistency remains a challenge for would-be Sefs
An ongoing lack of clarity and the potential for extraterritoriality in swap execution facility rules is creating a bumpy ride towards registration, according to three putative Sefs
Chinese yuan tracks regional sentiment, despite fixing
Spot onshore Chinese yuan (CNY) and offshore yuan (CNH) tracked regional sentiment despite USD/CNY fixing coming in at 28pip higher at 6.3233 today (May 17).
Forex markets absorb political chaos in Europe
Participants reacted relatively calmly to political developments in Europe last week, and the absence of credible alternative currencies prevented a major sell-off
TradingScreen rolls out real-time TCA for FX
New functionality includes a heat map to enable buy-side traders to benchmark their execution in real time