Electronic trading
Retail brokers report record volumes in the Middle East
Local investors are turning to FX in search of better yields, and are becoming increasingly sophisticated about how they trade. FX Week talks to banks and brokers in the region
CVC-Betfair deal collapses
CVC’s potential takeover of gambling group Betfair has collapsed, with both sides unable to agree on financial terms.
BNP Paribas releases corporate trading platform
Bank's digital strategy combines tailored solutions for specific client types with an 'app store' model
Buy-side take-up of execution systems threatens ECNs
As buy-side firms reorganise their execution desks, multi-dealer platforms may need to rethink their position in the FX market
Banks welcome EBS latency floor
EBS consults on a new approach it hopes will reduce the advantage of super-fast trading algorithms
Footprint in Africa leads to diverse liquidity, says Standard Bank's Richard de Roos
Richard de Roos, head of FX at Standard Bank, talks about the South African bank's new single-dealer platform and the challenges of predicting currency trends in sub-Saharan Africa
Forex brokers brace for DDoS hacker attacks
While financial software providers offer protection against web attacks, the peculiarities of foreign exchange mean brokers might have to create bespoke solutions
Banks face tough decisions in platform programming
Some market participants are calling for greater use of programming language HTML5 as an industry standard for web-based platforms. But banks say they must wait for clients to catch up before migrating to something new
Trading kicks off on new platform MoltenFX
Molten Markets launches electronic communications network in first stage of strategy aimed at the investment management market
Betfair rejects CVC-led £912m takeover bid
A £912m takeover offer led by CVC Capital Partners has been rejected by UK–based online gambling business Betfair
ADS teams with Pioneer to build presence in London
Middle East specialists white-labels to Pioneer Trader to grow its footprint in the UK, Europe and the US
Citi aims to strengthen grip on corporates with platform upgrade
Latest version of CitiFX Pulse seeks to offer corporate clients better FX exposure management
JP Morgan loses head of FX algo products
Alex Shterenberg departs the bank in New York
FX Invest North America: Platform proliferation creates buy-side headache, say panellists
An overcrowded market will lead to platform consolidation, but it is too difficult to predict which venues will survive
ParFX hires Bloomberg's Parr to head business development
Robert Parr joins bank-backed spot-trading platform as it prepares to go live
Dukascopy partners with Forex FS in Australia
White-label agreement gives Forex FS clients access to transparent aggregated data feed
Volkswagen Brazil chooses FXGO to manage currency risk
German car-maker's Brazilian subsidiary plans to employ Bloomberg's FXGO across South America to manage global currency exposure
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
Sucden launches electronic trading for NDFs
London institutional broker plans to expand into Asia by leveraging commodities background
GFI eyes expansion into PHP through Manila office
Interdealer broker hopes to offer forwards and NDFs in the Philippine peso by year-end, after it opened an office in Manila in January
Integral targets institutional buy side with InvestorFX platform
New platform launch from Integral is targeted to meet the specific needs of investment managers trading foreign exchange
CFTC's 60-second rule will force rejections, FCMs warn
Given a minute to accept or reject trades for clearing, FCMs warn they will err on the side of caution
Sucden Financial signs up Currenex to meet demand from proprietary traders
Institutional broker lures clients away from banks with better leverage and margin terms
Barx FX, a decade on
Electronic trading in the FX market has evolved almost beyond recognition over the past decade, but single-dealer platforms continue to gain in popularity as banks feed increasing resources into their platforms. Miriam Siers speaks to Barx FX head Tim…