Trading
Barx FX, a decade on
Electronic trading in the FX market has evolved almost beyond recognition over the past decade, but single-dealer platforms continue to gain in popularity as banks feed increasing resources into their platforms. Miriam Siers speaks to Barx FX head Tim…
Increased risk appetite causes spike in relative value FX trades
Investors are turning to relative value trades to provide low-premium, guaranteed downside and good leverage to the upside, traders say
Traders prepare for HFT shift into emerging markets
Better infrastructure and deeper liquidity is attracting high-frequency traders to exploit EM currencies, say traders and technology providers
TraFXpure adds Nomura and BTMU ahead of launch
Tradition's new platform now has 11 founder members and has been renamed ParFX as it moves towards 'imminent' launch
US volumes dive after Sandy hits FX survey data
Average daily FX volume fell again in the US, UK and Canada in October 2012, but the fall was sharpest in the US, partly due to the effects of Hurricane Sandy
Could FX volumes bounce back in 2013?
As the central bank FX committees prepare to publish their semi-annual turnover surveys today, trading volumes are expected to have remained depressed in October 2012, but many now expect a recovery in volumes this year
Exchanges converge on INR/USD futures to boost Indian rupee
This month's launch of Indian rupee futures on CME and Ice has been welcomed by traders as an important step in boosting liquidity in the currency
SEB eyes FX growth in London under new regional head
In his new role as head of FX for London, Shaun Barham has a mandate to grow the bank’s forex business in the city, as well as to bolster the FX prime brokerage business, which now reports directly to him. He talks to Robert Mackenzie Smith
Citi prepares to go mobile with Velocity platform
The bank is testing a trading component for the mobile version of its Velocity platform, which will allow users to manage orders, and eventually execute on live rates, remotely
Traders braced for further yen weakness ahead of BoJ meeting
Many market participants were caught unawares by the sharpness of the yen's fall in recent weeks, but all eyes will be on the currency's reaction to this week's Bank of Japan meeting
Axa IM to move FX execution to TradingScreen as it phases out FXall
Axa Investment Managers aims to be live for FX on TradingScreen TradeEMS in two months’ time, having decided it needed more sophisticated tools than it was getting from FXall
FXall trading volumes surpass EBS
Multi-bank trading platform bucks falling volume trend
Participants encouraged by Thomson Reuters’ FX management changes
Phil Weisberg, who has been appointed global head of FX at Thomson Reuters, is widely seen as a strong appointment but will face challenges in his new role, say senior traders
The year of threats, or opportunities?
The maelstrom of strategic changes that have come to pass at EBS and Thomson Reuters now poses a threat to incumbent platforms that had previously capitalised on their reluctance to deviate from their core business
Knight Capital and Getco merger to close in Q2
The merger of the two firms, which was announced on December 19, will see FX trading platform Hotspot FX fall under new management
Weisberg to head FX at Thomson Reuters as Singh departs
Phil Weisberg, FXall's chief executive, has been appointed global head of FX at Thomson Reuters, while FX architect Jas Singh is to leave the company after 10 years
LMAX management team buys majority stake from Betfair
Management buyout will give LMAX Exchange the necessary flexibility to evolve into a leading FX venue within three to five years, says chief executive David Mercer
Has last look had its day in FX?
Last look remains a divisive issue in the foreign exchange market, but some platform providers believe it has had its day and is no longer necessary for banks
EBS volumes down in November
Average daily spot volume on EBS was $103.8 billion, down 28% year-on-year
ADS Securities targets HFT with new FX platform
New platform white-labels FlexTrade's systems and is pitched to high-frequency and high-volume traders
Bank of England must promote RMB trading, warns Chinese official
A swap line between the central banks of the UK and China would be a key step towards the growth of offshore renminbi, a former official of the People's Bank of China said yesterday
Credit Suisse cuts staff in FX sales and trading
Five employees are leaving Credit Suisse in London, including the head of European hedge fund FX sales, two spot traders and an options trader
EBS a ‘natural fit’ for ClientKnowledge, says CEO Trenner
EBS has acquired FX advisory firm ClientKnowledge and chief executive Justyn Trenner will become global head of EBS liquidity optimisation services
Agency execution model gains favour for FX trading
Under pressure from new regulations that will constrain balance sheet usage, the agency model is becoming increasingly popular with banks, but agency desks won't escape forthcoming hikes in cost