Icap
Parr joins Bloomberg after departing Icap earlier this year
Robert Parr has joined Bloomberg Tradebook and will be responsible for FX sales in Europe, the Middle East and Africa
Central banks take aim at dollar-funding shortage
Co-ordinated action from five central banks eases the pressure on dollar funding for European banks, but EUR/USD cross-currency basis swap market remains under stress
Thomson Reuters extends Elektron hosting to FX
Thomson Reuters Matching will be the first platform to be available through the Elektron proximity hosting service, but independent platforms will be added in due course, the vendor tells FX Week
Trading volumes soar in July, report EBS, Reuters and FXall
High volatility in FX markets as a result of eurozone sovereign debt issues and the US debt problems have resulted in record volumes, platforms report
Best electronic broker: EBS
Icap Electronic Broking has consistently introduced new innovations to meet the demands both of manual and high-frequency traders, says chief executive David Rutter
FX Week USA: Regulation both good and bad for the end-investor
Panellists agree mandated use of CCPs and exchanges could attract investors but will also raise costs
Icap hires Mark Price as COO
Ex-Deutsche chief operating officer will join Icap on October 3, replacing Mark Yallop
EBS signs smartTrade for streaming liquidity
Icap will use LiquidityConnect platform to allow users to more efficiently stream prices into EBS
FX Invest: Deeper markets, broader opportunities
The foreign exchange industry could be set for a shake-up. But with all things new come great opportunities.
Trading Places, July 11, 2011
Departures from BAML, Morgan Stanley and Deutsche Bank over the past week
Decimalisation piles pressure on market-makers
Dan O'Sullivan, SG CIB's co-head of global FX trading, shares concerns about the narrowing of bid-ask spreads as a result of decimalised pricing, which is hitting the bottom line
Steve Toland departs EBS
Head of sales for Europe and North America departs as Jeff Ward promoted to global head of EBS sales
Spotlight on: Jas Singh, Thomson Reuters
The global head of treasury at Thomson Reuters talks to Joel Clark about the challenges of managing the firm’s flagship FX matching platform and the decisions he has had to make relating to high-frequency trading, options matching and decimalised pricing
Icap hits record CNH volumes
Average daily volumes on EBS in June double those in May, with a record $92 million traded on June 17
FX spot volumes drop back to normal
Thomson Reuters and Icap report more normal volumes in April after a spike in March
Charitable sector gets savvy in FX hedging
Investment managers that serve the not-for-profit sector say charities have become more sophisticated in hedging their currency risk after experiencing increased volatility. How do charities typically hedge their FX risk? Chiara Albanese reports
Deutsche and Barclays sweep into CNH derivatives
Banks both now offer offshore renminbi trading in spot, forwards and swaps on their FX platforms after new launches over the past fortnight
Testing the limits
Thomson Reuters Spot Matching suffered a major outage last month, with trading unavailable on any currency pairs for four hours. Chiara Albanese speaks to FX trading platforms to assess how they test their technology to prevent such outages
Isda raises concerns over Russian netting laws
But despite the challenges involved, banks and brokers are excited by the progress being made to open up the Russian market
Icap updates rules for EBS Spot Ai customers
Interdealer broker limits top-of-book quote interrupts to 200 per institution per day
Trading Places, April 11, 2011
Read this week's trading places to catch up on people moves across the FX world
EBS decimals move has divided the spot market, admits Icap
Interdealer broker tells conference delegates it has made both friends and enemies by introducing decimalised pricing on major currency pairs