Infrastructure
The new FX equation
Firms are scrutinising expenses more than ever, but despite hard times, one market participant believes innovation will drive down costs and "our best days as a market are ahead of us"
Comparing apples and apples
With clients expecting more transparency, it is vital for firms to be in control of costs. The key is determining the true all-in price of execution
Breaking down the barriers
With parts of the over-the-counter FX market acquiring exchange-style characteristics, the exchanges themselves are becoming more customised
Banks are still vital for FX
Liquidity provision may increasingly be a non-bank play, but credit remains a bank business
Schism narrows between OTC and exchange-traded FX
As exchanges push into FX, a bridge is being built between the two worlds
Part fills add to liquidity woes and sharp price moves
Not trading in full amounts makes market-making harder and more expensive for clients, say market participants
Sales remuneration set for shake-up
Venues and brokers shift focus to quality of flow amid rising price competition
Credit remains the biggest headache in FX
FXPB adjustment pressures clients as service providers tackle rising costs
January volumes up on December, down on year
Average daily volumes rose across major FX platforms, but were far off the numbers posted a year ago
Brandon-Bravo quits GTX
FX veteran with more than three decades of experience leaves the ECN after six years
Houston understood to be seeking exchange role
Deutsche Bank's former FXPB head is believed to be eyeing a senior role at a major exchange
On-Sef FX volumes slump to year lows in December
End-of-year numbers down a quarter from the highs of March
FXCM study underlines segregated pricing advantages
Retail clients gain better or equal prices than on interbank and futures platforms more than 90% of the time
Moon joins Eurobase as group financial chief
Jonathan Moon leaves PayPoint, where he worked for more than 19 years
Singapore grants LCH.Clearnet clearing house recognition
Clearing house expects tremendous demand once mandate kicks in
Renminbi direct payments make inroads in Middle East
The Chinese currency ranks first when the UAE and Qatar make direct payments to China and Hong Kong
Banks explore Mosaic platform to help ailing Ficc revenues
The aim is to discover new business opportunities and more valuable clients
Hotspot launches private liquidity pool tool
Users will be able to create their own customised pools to suit their trading needs
Samsung Securities gains third-party access to CLS
The securities company is the first non-bank financial institution to join CLS in South Korea
SocGen hires O'Hara as PB sales director
Formerly of Credit Suisse, John O'Hara will be responsible for promoting Societe Generale's FX prime brokerage offering to hedge funds and institutional investors
Abacas issues first asset-backed coin on bitcoin blockchain
The exchange, launched in June 2015, allows managers to exchange assets without owning them
R3 connects 11 banks via distributed ledger
The firms complete mock trades in a series of experiments that could determine blockchain's application in the finance industry
New Change FX provides mid-market rate data to RBS
The information provides RBS customers with an independent way to measure the cost of their trades
BofAML becomes first non-resident clearing bank on Moscow Exchange
The US bank is due to begin clearing activities this month