Trading
KCG launches direct-to-client market-making service Acknowledge
KCG will publish Acknowledge execution protocols on its website for all asset classes, marking the first time a single-broker liquidity provider has provided this level of transparency
Pragma selects smartTrade's LiquidityFX platform
The deal brings FX liquidity aggregation from a wide range of providers to Pragma's customers
Fenics launch boosts options-trading automation
Fenics launches 12.4 and dealing engine to help regional banks scale their business and expand their service offering
LCFX rebrands as Spectra, makes four hires
FX options agency specialist Louis Capital FX changes name to Spectra FX Solutions
New Zealand firms raise FX hedging amid elevated uncertainty
Survey shows an increase of more than 10% in FX forwards usage while micro-businesses are establishing hedging policies for the first time
Aggressive HFT stable in major currencies
High-frequency trading in FX remains below the levels seen in equities, according to research from AbleMarkets
Renminbi futures in Taiwan off to a good start
Volumes in the new USD/RMB futures outperform Hong Kong and Singapore
G10 implied volatility hovers at extreme lows
Lowest levels since January 15 suggest investors are expecting a quiet summer
London Metal Exchange to accept renminbi as collateral
Offshore Chinese currency now accepted as security by the trading metals venue
Demand for Taiwan RMB futures puts Hong Kong in the shade
Taifex says the exchange-traded instruments launched this week are a ‘milestone' in offshore market development, but analyst believes foreign investors are unlikely to bite
Saxo rolls back extraordinary margins
FXCM and FxPro hold firm for now as Greek talks continue
Best trading technology vendor: Barracuda FX
Dublin-based order-management system provider takes top spot
Emerging markets liquidity hit as banks pull back from risk warehousing
The difficulties of trading currency positions in G10 markets are exacerbated in EM, according to traders
IG customers make official complaint
Clients with negative balances due to the SNB move on January 15 involve the Financial Ombudsman Service
Platforms seek new ways to curb last look abuse
FX platforms see filtering out poor liquidity providers as a more constructive way of prohibiting bad behaviour in electronic markets
FastMatch updates last look procedure
The ECN is the latest to re-examine last look, following FXall and Hotspot, while also updating its disputed trades procedure
There is no ‘F' in FEMR
A trader's view of the FEMR - the first post of our new commentary from an Anonymous Trader
Panel speakers clash on last look viability
Panellists speaking at the FXIC conference in New York disagreed on current electronic trading practices in foreign exchange
Exchange launches asset-backed coins for asset managers
ABCs will be tradeable on the newly launched Abacas exchange
Nasdaq seeks share of surveillance market
Nasdaq's Smarts Trade Surveillance aims to spot trading anomalies and help clients to avoid market manipulation
Platforms turn to pricing in fight for market share
The latest price offerings from currency platforms Hotspot and Integral may be the sign of a maturing market, say participants
FXall last-look function under client review
The Thomson Reuters-owned platform seeks feedback from customers on its newly proposed last-look criteria
Barclays chats reveal extent of USD/RUB manipulation
The CME/Emta benchmark has once again been thrust under the spotlight following the CFTC's $400 million Barclays fine on May 20
Market-makers tweak algorithms post-SNB move
Liquidity providers have been seeking ways to improve their electronic price formation since the Swiss franc event in January