Liquidity
FX house of the year, Singapore: OCBC Bank
A focus on client needs, scale, scope of product array and providing liquidity in all conditions wins OCBC Bank the FX house of the year, Singapore award
UK budget gives sterling options traders a wild ride
Reaction to tax cuts sparks most active week for GBP/USD options traders since Brexit negotiations
Euronext is latest venue to demand FX code compliance from LPs
From January 1, anonymous spot liquidity pools across the ECN will automatically switch to code compliant only
BoJ currency intervention spurs FX options traders
Traders turn bearish on USD/JPY FX vol over further central bank intervention
Best bank FX liquidity provider: UBS
UBS’s focus on technology, innovation and client requirements wins it the Best bank FX liquidity provider award
FX timestamping progress ticks on, slowly
New fintechs may help with the problem, but lack of urgency holding back pace of change
BNY Mellon, NAB and RBC latest to ditch additional hold times
Banks join growing list of LPs to have scrapped the controversial practice
Best liquidity provider for corporates and Best single-dealer platform: Citi
Citi discusses its win of two FX Markets e-FX 2022 awards, and the role its client-focused single-dealer platform had to play in its win
Nomura targets smaller Chinese banks after first CFETS trade
Japanese bank is one of seven offshore FX dealers offering G10 pricing on China’s interbank market
Streaming with the enemy: banks turn to non-bank liquidity
Larger banks are becoming more receptive to consuming FX prices from prop traders like Citadel Securities and Virtu
Best liquidity provider for spot: Citadel Securities
Over the past 12 months, Citadel Securities has seen global growth across products, markets and regions, explains Kevin Kimmel, head of FX
Currenex pushes back in fight to dismiss class-action lawsuit
Defence lawyers mount stubborn defence in civil suit brought by XTX and two other financial firms
State Street is latest LP to publish a GFXC disclosure sheet
More liquidity providers expected to publish disclosures this week following GFXC deadline
Return of volatility revs up FX options market
Macro disruption hikes volatility for eager dealers, however liquidity and spread compression remain a concern
Cboe bans FX code holdouts from Full Amount platform
Only FX Global Code signatories will be allowed to trade on the anonymous platform from August 1
Best liquidity aggregator: oneZero
oneZero’s Phil Weisberg discusses streamlining liquidity and its future impact on FX operations
Asian central banks deploy FX reserves to prop up currencies
Analysts remain confident in Asia’s financial stability, but recession risks are building
Best liquidity provider for crypto derivatives: B2C2
As the first single-dealer platform in crypto, B2C2 is now one of the largest liquidity providers in this fast‑evolving space
Barclays scraps additional hold time on last look
With more disclosures expected this month, list of LPs ditching controversial add-on continues to grow
This year’s model: how FX algo usage is evolving
Changes see traders favour opportunistic and pegged styles over TWAP for larger orders, finds BestX’s Aled Basey
New FX trading engines power growth for banks in Singapore
Influx of banks setting up electronic matching engines drives trading volumes in city-state
‘Broken’ euro FX options market facing liquidity concerns
Traders worry about market depth as surge in put buying sees risk reversals hit extremes
Market poised for further trading time reductions across ECNs
As Cboe FX halves trade response times, others are expected to follow – for better or worse
Bridging the gap between traditional and digital currency markets
360T explores how traditional solutions from the FX markets can further advance the digital currency space by diversifying its range of participants