Trading systems
The importance of FX policy
MONTE CARLO - It is important to have a policy for managing non-trading foreign currency exposures, Ian Tyler, senior manager and group treasurer at Royal Bank of Scotland, told delegates at Risk 's conference.
EBS set to take NDF trading online
LONDON – Non-deliverable forwards are set to be traded electronically with EBS. The platform is in discussion with banks about making them available on the platform.
BarCap rolls out e-FX for Asia
SINGAPORE – Barclays Capital (BarCap) has launched electronic trading of vanilla FX options in Asia via its proprietary platform, Barx for FX Trading.
Reuters adds four banks to RTFX platform
LONDON – Deutsche Bank, Dexia, HSBC and Société Générale (SG) have joined Reuters' bank-to-client platform Reuters Trading for Foreign Exchange (RTFX).
Currenex applies for engine patent
NEW YORK – Currenex has applied for a patent for its aggregated liquidity matching engine, CX OneOrder.
Who's who on the exhibition floor?
FX Week gives a rundown of some of the top exhibitors at this year's event. Find out who's showcasing what, then see the box below for those all-important entertainment listings
FNX adds more liquidity sources
PHILADELPHIA – Technology vendor FNX Solutions is linking to five more liquidity providers to give customers a wider range of sources to which they can link their execution engines.
April strong for forex
NEW YORK – April was a positive month for FX trading, with platforms EBS and FXall both breaking respective trading volumes.
Differing approaches from the biggest players
Where you base your business is in some ways just as important as how it is run. Deutsche Bank's decision to move back into Tokyo this week with a full sales and trading operation shows that it has faith in the Japanese economy's ability to deliver…
Currenex takes algo plunge
NEW YORK – Currenex is moving into algorithmic trading with the launch of CX SmartOrder, a platform that enables customers to use a number of standard models or to create their own.
Differentiate to accumulate
Banks are taking a variety of approaches to make money in a high-volume, low-margin environment, says Giulio Pignatti-Morano, FX & MM solutions manager at Calypso in San Francisco
Eurobase launches four electronic trading modules
LONDON – Vendor Eurobase Banking Solutions has launched four e-trading modules aimed at providing banks with tools to maximise revenue generation across FX and other asset classes.
A changing interbank landscape
The decision by the world's largest interdealer broker, Icap, to acquire spot FX broker EBS bears significant implications for the current landscape of the FX industry.
Standard Bank builds in sales
LONDON & HONG KONG – Standard Bank is building its sales capabilities in London and Asia, as it looks to expand coverage to institutional and corporate clients.
CLS Bank reports 10% rise in volume in March
LONDON – CLS Bank recorded a 10% rise in average daily payment instructions settled on its system in March.
FXall sees increase in volumes
NEW YORK – Trading platform FXall announced record trading volumes of $825 billion in March, a 53% increase on the same period last year.
Knight Capital completes HotspotFXi acquisition
JERSEY CITY, NJ – Knight Capital Group last week completed the acquisition of Hotspot FX in an all-cash deal for $77.5 million.
Marex Financial taps Hotspot FX
LONDON & WATCHUNG, NJ – Independent brokerage, Marex Financial, has signed its fourth deal with an FX platform in recent weeks.
Currenex introduces staged order management tool
LONDON – Currenex has added a staged order management feature, in response to client demand for a large block trading tool.
Talks mount over FXall buyer
NEW YORK – FXall has agreed to sell a 20% stake to private equity firm Technology Crossover Ventures (TCV), based on an overall valuation of $300 million for the company, say sources.
Talks mount over FXall buyer
NEW YORK – FXall has agreed to sell a 20% stake to private equity firm Technology Crossover Ventures (TCV), based on an overall valuation of $300 million for the company, say sources.
Marex continues expansion
NEW YORK & LONDON – Independent brokerage firm Marex Financial has signed its third deal with an FX platform in recent weeks.
Currenex platform for Marex
LONDON - Marex Financial, a Refco spin-off, began offering Currenex's white label FX platform, FXtrades to clients last week.