Algorithmic execution
Price and perfect execution
Firms are trying to give clients visibility on measuring whether the price they are receiving is a good one, but the cost of execution is variable and hard to pinpoint – and it’s not just about price
Jones finds inspiration in Pierrepoint for FX execution
Ex-Citi FX head names advisory after Albert Pierrepoint, the UK's last executioner
Non-bank market-makers step into the breach as banks turn to agency
Buy side continues to worry about the reliability of non-bank market-makers, despite their presence during a technical glitch and volatile trading times
Instantaneous hedging is not market-making, says GSA
Rise of hot potato trading is direct result of instant hedging from market-makers, says GSA Capital
FX probe fails to spark algo execution surge
Contrary to reports of a broad-based switch into algorithmic execution around the WM/Reuters benchmark, market participants say client demand has not surged significantly
Perspectives on 2014: Simon Wilson-Taylor, Molten Markets
Algorithmic execution might have seemed implausible in the FX market a few years ago, but this will be the year when the market structure shifts further in a direction that favours algos, says Molten Markets chief executive Simon Wilson-Taylor
Portware to launch automated FX hedging tools
Trading software vendor launches new FX capabilities as it expands into increasingly electronic marketplace
Barclays to add algo tools to Gator aggregator
Barclays will add new, less aggressive algos to Gator in the fourth quarter as it looks to make the product more accessible to real-money and corporate clients that prefer to trade with minimal market impact
Legal & General's FX trading head tasked to grow derivatives
Newly appointed to head FX trading at Legal & General Investment Management, options trader Virginie Queval is looking at ways to grow the firm's small FX business
Best algorithmic trading technology provider: BNP Paribas
BNP Paribas successfully breaks into the increasingly competitive market for algorithmic execution in foreign exchange
Best transaction cost analysis technology: ITG
Investment Technology Group (ITG) takes the inaugural award for best FX TCA provider, having successfully leveraged its experience in the delivery of TCA in equities
JP Morgan loses head of FX algo products
Alex Shterenberg departs the bank in New York
IPM sees buy-side differentiation through early adoption of e-FX
Fredrik Wingren, head of trading at Informed Portfolio Management in Stockholm believes being an early adopter of new technology gives the firm added clout in helping develop products in conjunction with the sell side
The advantages of algo execution
As both Barclays and UBS prepare to launch new algo execution tools for foreign exchange in the coming weeks, the space is becoming increasingly crowded – but it appears to be driven by strong demand from the buy side. Miriam Siers reports
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
UBS readies regulation-focused FX algos
The Swiss bank will launch its first algorithmic FX trading tools early next year with smart order routing to help clients navigate regulatory change
Spotlight on: Rob Maher, Credit Suisse
Credit Suisse’s global head of fixed-income electronic sales talks to Joel Clark about the changes the Swiss bank has been making to its e-FX business with the development of a new single-dealer portal and the integration of its algorithmic and…
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
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
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…
BNP Paribas rolls out FX algos
Cortex iX algorithmic execution suite will officially launch this week, aiming to provide better anonymity than existing FX algos
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
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
Algo execution sales head departs Credit Suisse
Jonathan Wykes, formerly global head of FX sales for Credit Suisse’s algorithmic execution business, has left the bank