Trading
FX trading volumes remain in decline
Icap and Thomson Reuters both report further declines in trading volumes in April
Single-dealer platforms win out in electronic FX options trading
Forex option volumes and liquidity are increasing on electronic trading platforms, as providers push through the operational and competitive challenges of delivering streaming, executable prices to a diverse customer base. Despite apparent regulatory…
Shake-up in UK council pension schemes’ currency mandates
UK local government pension schemes are focusing attention on currency exposures in overseas assets, resulting in a shake-up in currency mandates
Why the Q1 risk rally was a glass half empty
Following a risk rally in foreign exchange markets during the first quarter, several of the positive drivers of that rally have now dissipated. Looking ahead to the rest of the year, Callum Henderson explains why investors should continue to short…
Investors flock to the Mexican peso
Following significant appreciation of the Mexican peso during the first quarter of 2012, the currency has become a favourite emerging market bet for investors, and market participants believe it will stay that way. Melanie White reports
Overcrowded market for forex options platforms will lead to consolidation
With at least six new multibank options platforms now competing for market share, differentiation is crucial for participants, but some believe consolidation of platforms is also inevitable. Chiara Albanese reports
SG CIB’s ex-head trader eyes the buy side
Richard Bailey is expected to join the buy side, having left his role as global head of FX trading at SG CIB last week
ADS Securities pitches to high-net-worth individuals
The Abu Dhabi-based trading firm last week launched ‘Prime’, a new service targeted at professional and high-net-worth forex and bullion traders
Spotlight on: Raymond Kamrath, Faros Trading
Faros Trading has made a number of senior appointments to its sales team in recent months as it eyes global expansion from its headquarters in Stamford, Connecticut. Chief executive Raymond Kamrath talks to Chiara Albanese about the growth of the firm…
City’s top brass throws weight behind London RMB initiative
London will become the next offshore centre for RMB trading, vows UK chancellor George Osborne, supported by banking chiefs from Bank of China, Barclays, Deutsche Bank, HSBC and Standard Chartered
Spotlight on: John Taylor, FX Concepts
The founder and chief executive of FX Concepts talks to Melanie White about the growth and diversification of the currency management firm over the past three decades, and his current views on major currencies
FXall enters monthly volume contest with strong March results
Average daily volume on FXall in March was $90.4 billion, up 9% on March 2011
A spot of bother
Traders exploiting the spread between CNH deliverable forwards and CNY NDFs got a nasty surprise in September last year, when the basis trade blew up amid a reversal of the spread. Georgina Lee looks at what investors can learn from this turn of events
Depressed FX trading volumes continue in March
Average daily spot volume on EBS and Thomson Reuters remained low in March in comparison to previous years, both platforms have reported this week
UK Lords committee takes on financial transaction tax
The model proposed by the European Commission for a financial transaction tax would not meet its objectives and the UK government should redouble its efforts to veto the proposal, says the House of Lords
Oanda unveils new social networking-based spot platform
Oanda's fxUnity platform, unveiled this week, is aimed at making FX trading simpler and more user-friendly for aspiring currency traders
Tradeo to launch with social trading network
New social networking site will allow FX traders to connect to their peers – and to trade
Correlation breakdown tells a cautionary tale
John Hardy, chief currency strategist at Saxo Bank in London, discusses his views on the currency markets, sounding a note of caution about the risk rally seen since the start of the year
Transparency of public listing will boost FXall’s growth, says Weisberg
In his first series of interviews since its IPO last month, FXall chief Phil Weisberg says the public disclosure and neutrality that results from being publicly listed will improve its public standing and growth potential
FXCM and SuperDerivatives to add new pairs to options platform
Since its launch in July last year, the DCX joint venture has now attracted nine liquidity providers and plans to add new emerging market pairs
Market divided on sustainability of yen slump
Barclays Capital has revised its USD/JPY forecasts upwards, but other banks believe the recent fall of the yen will turn out to be a short-lived trend
Gil Mandelzis to replace Rutter as EBS chief
David Rutter is to leave Icap, as the interdealer broker restructures its electronic broking business
GFI soft-launches NDF risk-mitigation platform
GFI Group recently extended its ForexMatch Liquidity Swaps platform to new currency pairs, including USD/TWD and USD/CNY
Bank focus on new options platforms intensifies
Tradeweb recently became the latest technology provider to launch a multibank trading platform for FX options, as a handful of new platforms compete to harness liquidity in the product. More than a year since the first platforms went live, which ones…