Trading
Hotspot a good buy for exchanges, says co-founder
Exchanges are likely to be interested in KCG's Hotspot to help them build out their FX business, says Steve Reich of Global Trading Systems
EBS volumes hit record high for 2014 on October 31, topping $200bn
The company records flows of $250 billion on the last trading day of October
Bank of Japan easing reaffirms dollar bull trend
Strategists see USD/JPY trading at 115 before the year-end and at 120 by September 2015
Buy side joins calls for delay to NDF Sef trading
NDF trading should not begin on Sefs until rates and credit issues are resolved, say market participants at Risk USA
Electronic trading grows tenfold in some EM currencies
Delegates at the FX Week Asia conference in Singapore heard about the challenges and opportunities Asian electronic trading offers
Volatility boosts Ficc revenues at banks as activity surges
US banks cite foreign exchange as source of success as volatility picks up, while trading platforms also report increased activity
Bloomberg Sef sees $60 billion worth of FX trades in first year
Notional value of $59.78 billion passes through the platform's doors in the last 12 months
Banks consider sealed trading rooms to reform benchmark procedures
Traders executing fix orders are to be isolated from colleagues to prevent manipulation
Volume boost for EBS at last
Volumes up in third quarter, but still depressed by historical standards
Tradition launches African FX futures
Zambian, Kenyan and Nigerian currency futures to be offered on JSE
Colt expands FX Liquidity Access service
Regional banks hanker after greater FX liquidity
EBS is no longer a one-trick pony
EBS CEO Mandelzis and Darryl Hooker, head of EBS Market, say the platform is poised for growth as it moves away from a one-trick pony approach
Agency execution set for strong growth
Growth is being driven by the changing role of dealers and best execution pressures on the buy side
African FX market needs ‘kick up the backside’, say local banks
Volume growth hampered by regulation, but banks cautious towards new product releases
FSB to recommend fix order separation
The recommendations, set to be published within days, will include widening the fixing window and code-of-conduct changes
UK benchmark-rigging laws to extend to FX
Government launches consultation on wider criminalisation of benchmark rigging
Parikh hands in resignation at Goldman Sachs
The migration of senior FX traders from banks to the buy side continues, with Parikh exploring options at a hedge fund
FCA to defy Europe on forex forwards reporting
UK regulator will not require forex forwards to be reported – contravening European policy – until Mifid II forces it to change
DealHub launches RefleX
Technology firm's new product features an innovative price and execution engine
Return of volatility to bust Aussie's strong run
Expansionary monetary policies in the developed countries have supported Aussie strength, distorting the influence of fundamentals
ITG launches new FX benchmark
Research and execution broker aims new reference price at portfolio managers and traders as the race to find alternative benchmarks heats up
Democratisation of risk masks volume discrepancy
The fundamental rearrangement of roles in FX markets is driving underlying volume growth and market structure changes
London set to become dominant RMB hub
Three cities will beat off competition from other financial centres
No end in sight for Sef confirmation struggles
Nearly 12 months after the last Sef was issued, the CFTC finally offers clarification, which splits opinion