Trading
Who picks up the tab for regulation costs?
Many buy-side firms expect their banks to absorb the costs associated with clearing and reporting of non-deliverable forwards and eventually forex options. But banks have other ideas, with some already quantifying fairly substantial hikes in…
Spotlight on: Rob Maher, Credit Suisse
Credit Suisse’s global head of fixed-income electronic sales talks to Joel Clark about the changes the Swiss bank has been making to its e-FX business with the development of a new single-dealer portal and the integration of its algorithmic and…
EBS ditches decimals as part of platform overhaul
Full-pip and half-pip pricing will return to major currency pairs on EBS from September 17, as platform's new management team recognises flaws in decimalised pricing
All eyes turn towards EBS
EBS is set to unveil the next round of system and policy changes this week, which will be closely scrutinised by newer entrants and competing platforms
New buy-side platform targets March launch
Start-up venture BuysideFX will focus on improving FX workflow on the buy side and plans to be live with its first client by March 2013, officials have told FX Week
The platforms of 2012: Hotspot FX
Knight Capital, the parent company of Hotspot FX, has endured a torrid month following a software glitch on August 1 that cost it $440 million, but Hotspot appears to have weathered the storm. In the second of a series of articles assessing the…
FXall continues product innovation under new ownership
Following the completion of its acquisition by Thomson Reuters, FXall will continue to operate independently until the integration is complete
CME ready to fight for market share in Europe, says Sammann
CME Group's European exchange, set to begin trading FX futures next year, will offer a competitive alternative to other exchanges, says the group's head of FX and rates
Interdealer brokers pick MarkitServ for FX processing
BGC Partners, GFI Group, Tradition and Tullett Prebon have all chosen middleware provider MarkitServ to facilitate connectivity to CCPs and trade repositories, and voice affirmations
The platforms of 2012: LMAX Exchange
The launch of new trading platforms and the restructuring of incumbents has become a clear trend in the foreign exchange market in 2012. In the first of a series of articles seeking to assess the strategies and challenges of new and existing platforms,…
Alior eyes corporates with new forex platform launch
The Polish bank has partnered with Swedish technology vendor Aphelion to build a single-bank portal aimed at corporates
Countries will leave the euro by 2014, says ACI UK poll
The vast majority of respondents believe at least one country will leave the euro by 2014, but expect the single currency to survive
FX mobile trading apps move from retail to institutional
The use of mobile applications to access foreign exchange trading platforms has been a growing phenomenon among retail users for some time, but top-tier banks are also now competing to offer the full range of trade-related services through mobile devices…
Morgan Stanley adds macro monitoring tool to strategy toolkit
New analytics tool identifies currency pairs that show both strong fundamentals and a resilience to risk shocks, says Morgan Stanley strategist
Indian corporates head for forex options markets as rupee volatility continues
Indian firms move away from using forwards in a bid to grab upside benefits of future rupee appreciation
Gain hires PFG trading team to boost GTX platform
Gain Capital's GTX institutional platform has hired 10 traders from collapsed broker Peregrine Financial Group as well as FXCM Pro salesman Anthony Scamardella
Scandi status as FX safe haven tempered by liquidity concerns
The Swedish krona has risen to record highs in recent months, but some strategists believe investors should be wary of rushing to Scandi currencies, given their relative illiquidity
The future frontier of FX trading
At the FX Week USA conference in New York on July 10, FX Week gathered together three recipients of the e-FX achievement award – Jas Singh at Thomson Reuters (2009); Clifford Lewis at Currenex (2010); and Gil Mandelzis at EBS (2012) – to discuss the…
Deutsche Bank unveils hybrid blotter on revamped Autobahn FX platform
Deutsche’s new single-dealer forex platform centres around a trade blotter that allows users to manage their voice and electronic business through a single interface – a first for the industry, the bank says
PFGBest bankruptcy fuels calls for stronger protection of customer funds
The collapse of Peregrine Financial Group, which comes just nine months after the bankruptcy of MF Global, has raised the pressure on US regulators to boost protection of customer funds held by futures commission merchants
Bloomberg connects to CME for NDF clearing
Bloomberg has connected its FXGO platform with CME Group to enable NDFs traded on its platform to be cleared through the exchange
FXall fills gap in Thomson Reuters’ forex portfolio, says Jas Singh
Speaking at FX Week USA conference, Thomson Reuters FX head says the acquisition of FXall has been on his personal agenda for four years, but has taken time to push through
Platform proliferation branded unsustainable as Tullett/Integral venture launches
The frenzied round of FX trading platform launches will undoubtedly lead to a round of consolidation, with less successful players squeezed out of the market, argue FX Week USA speakers
Thomson Reuters' FXall acquisition raises industry questions
Acquisition of FXall by Thomson Reuters for $625 million has sparked a number of questions, not least over the future of chief executive Phil Weisberg