Trading
Passive algos and patient traders
Are all passive fills worth having? XTX’s Matt Clarke says not
Invesco bets on new tech to refine its FX trading
Home-grown tool will improve order routing and execution strategies, asset manager believes
Drax commits to ESG-linked FX derivative targets with UK banks
Renewable energy supplier applies long-term ESG KPIs to short-term FX trades with Barclays and NatWest
FX industry shows little appetite for single API
Market players sceptical over need for standard programming code to connect clients with services
Vanguard extends forwards dominance as Citi dips
Counterparty Radar: Fund giant responsible for more than a third of total forwards volumes and half of EUR/USD in Q4
GFXC sees no changes to code on pre-hedging
Committee rejects calls to set more strict boundaries to controversial practice
OTC FX options market gears up for faster electronification
Share of electronic trading remains low but host of factors promise to change that for good
Has Covid stopped the clocks on FX timestamp efforts?
Budget reallocation may not be the only factor stalling standardisation progress, say participants
First P2P trade completed on Siege FX
Dark pool aims to match algo orders among its 30 buy-side clients
Digital Vega, Spark deal hints at wider shake-up for platforms
Two trading tech firms seek point of difference as dealers cull vendor relationships in cost-cutting drive
Banks nervy over GFXC plan for algo cover sheets
Disclosing inner workings of algorithms could result in loss of intellectual property, banks warn
A peek inside GFXC’s algo cover sheets
Order priority and segregation policy among the items under discussion
Asset managers hold the key to any FX revival
For a regime shift to truly occur, long-term investors need to get on board
Guy Debelle on the FX Global Code and the rise of the buy side
Code’s creators considering updates to sections on last look and pre-hedging
Benchmark rigging scandal: a remake in the making
Regulators should act now to prevent any repeat of the fixing scandal of 2013
Big moves, but no panic after tumultuous US election
Treasury market saw its largest post-election move since at least 2000 – but liquidity held up
Why bigger can be better with FX options
Large notionals often trade at significantly tighter spreads than smaller ones. Simon Nursey at Digital Vega explains why
Unleashing the potential of NDFs
Trading in non-deliverable forwards is on a roll, despite concerns over liquidity
FX volatilities fall on receding US election fears
Polls point to a decisive Biden win – though some worry market is being complacent
NDFs: how algos can make sense of the fragments
The scattering of liquidity in non-deliverable forwards calls for new execution tools, argue HSBC execs
UK’s FCA bans crypto derivatives for retail investors
FCA says retail crypto assets have no reliable valuation basis and could increase financial crime
Taiwanese central bank asks for smaller dollar trades
Large dollar orders may slow down foreign exchange transactions, central bank says
Do macroeconomic releases still matter?
Tradefeedr’s Alexei Jiltsov explores how FX and other asset classes react to macroeconomic reports
An end to the loveless marriage with the US dollar?
Covid-19 represents an unexpected shock that could cause further US dollar decoupling, which could show up in next week’s Cofer data release, writes Gary Smith of Tabula Investment Management