Infrastructure
Mifid amendments threaten HFT platform access
A set of parliamentary amendments to the Mifid review threaten to ban ‘sponsored access’ – a popular route for high-frequency traders to access platforms without going through a prime broker
FXall acquisition ticks all the boxes, says Mark Warms
Thomson Reuters' purchase of FXall makes sense and will lead to a more powerful combined entity in the FX market, according to FXall's former Europe head
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…
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
EBS clamps down on disruptive behaviour with new dealing rules
The platform will more closely monitor practices such as flashing of orders as part of an effort to incentivise liquidity enhancement and drive out disruptive behaviour
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
FX market a challenge for CCPs, says New York Fed official
Central counterparties might struggle to implement clearing solutions for the FX market, says Jeanmarie Davis
New CPSS/Basel guidance on FX risk management to be published soon
A new consultation paper on risk management practices in the FX market will be released in the third quarter – and may be published as early as this month
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
CME client clearing hits two more currencies
Following the clearing of the first NDF trade through CME Group in late April, the exchange has cleared client trades denominated in Chinese renminbi and the Philippine peso over the past month
FXall unconcerned by late entry into FX options
FXall’s chief executive Phil Weisberg recognises the firm has moved into options later than some of its competitors, but believes it will add value by having options integrated into its platform
FX trading platforms: Spoilt for choice
Four new FX electronic trading platforms have been unveiled in recent weeks, each boasting unrivalled speed, efficiency and transparency. Can the market support them all?
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
FX Week China: Post-trade forex utilities are crucial in crisis times
CLS and FX clearing platforms are becoming a crucial part of the FX market, but they will need to co-operate closely in future, say FX Week China speakers
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
CCP resolution plans start to take shape
LCH.Clearnet's re-launched CDS clearing service adopts a loss-sharing mechanism - in line with a "last gasp of breath" approach outlined in an Isda letter to the Bank of England
Cloud-based delivery model hits the spot for Portware
Trading technology vendor believes the cloud is the delivery mechanism of the future in the FX market, after it launched its Pro suite of cloud-based technology in January
BM&F Bovespa plans to integrate clearing houses
Plan to combine four clearing houses into one will result in margin efficiencies of 30-40%, the exchange estimates
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
Aussie banks join e-FX arms race
Ramping up single-dealer platforms and connectivity to multibank portals is a key priority for Australian banks, as they seek to ensure their forex business is not poached by global banks with superior technology
DealHub rolls out reporting and clearing platform
FX technology vendor is this week launching its so-called Smart Trade Reporting platform to help clients meet new regulatory requirements
Mandelzis hands Traiana baton to Coyne
Gil Mandelzis tells the industry Andy Coyne was his 'immediate no-brainer choice' to succeed him as chief executive of Traiana