Trading
FX Invest: Volatility trading comes up trumps in June
RBS research shows short-volatility strategy would have been top performer in June
Further liquidity fragmentation in FX predicted
Market-damaging behaviour should be controlled, but separation or elimination of high-frequency trading would be damaging to the market’s equilibrium, ClientKnowledge argues in research published today
Thomson Reuters reveals new timeline for Sef compliance
Vendor's conversational dealing platform will be Sef-compliant and subject to a new global rulebook by mid-2012, Thomson Reuters announces today
Trade associations lobby for clarity on extraterritoriality
Eight trade associations lobby Geithner and Barnier to address extraterritorial concerns
FXCM and SuperDerivatives to launch options platform within days
Deal-X platform will launch with three liquidity providers on July 14, to be followed soon after by SurfacExchange's Surface Wave venture
Deutsche Börse targets FX options after taking stake in Digital Vega
German exchange’s acquisition of a minority stake, announced on July 5, gives it a new-found foothold in foreign exchange options, according to Deutsche Börse official
Anglo Irish winds down FX desk
Anglo Irish Bank’s foreign exchange desk in London has shrunk to three people and is expected to shut down as part of ongoing restructuring
More upside in the Aussie dollar
Paul Bednarczyk, head of currency strategy at 4Cast in London, looks at the steady rise of the Australian dollar since 2008 and explains why it might yet appreciate further
Decimalisation piles pressure on market-makers
Dan O'Sullivan, SG CIB's co-head of global FX trading, shares concerns about the narrowing of bid-ask spreads as a result of decimalised pricing, which is hitting the bottom line
Spotlight on: Dan O’Sullivan, Société Générale
The French bank’s co-head of global FX trading talks to Farah Khalique about the impact of recent eurodollar volatility on banks and investors, and the practical challenges of implementing new regulatory requirements
Hong Kong fixing sets benchmark for CNH spot
Hong Kong interbank participants have created the first US dollar/offshore renminbi price fixing, giving the city first-mover advantage in renminbi products such as derivatives
Aphelion joins BT Radianz cloud
Swedish FX technology vendor cuts time-to-market for users by joining up to BT cloud
BNP Paribas launches iPhone app for GlobalMarkets access
Gain Capital and IPC Systems add their insights on the advent of mobile-based trading
Decimalisation unlikely on Thomson Reuters Matching, says Jas Singh
Head of treasury rules out decimalisation for the foreseeable future, and explains his decision to exit interbank options matching
Spotlight on: Jas Singh, Thomson Reuters
The global head of treasury at Thomson Reuters talks to Joel Clark about the challenges of managing the firm’s flagship FX matching platform and the decisions he has had to make relating to high-frequency trading, options matching and decimalised pricing
Crunch time for the US dollar, says Barclays Capital
US economic issues overshadowed by the eurozone crisis will return to the fore in Q3 and push US dollar depreciation, according to quarterly report
Icap hits record CNH volumes
Average daily volumes on EBS in June double those in May, with a record $92 million traded on June 17
Spotlight on: Tod Van Name, Bloomberg
Bloomberg’s global head of foreign exchange talks to Chiara Albanese about the company’s progress since it entered the FX market in 2000, and how it is preparing for regulatory change and the advent of Sefs
European corporates wary of RMB settlement
UK government pushing for London to become a centre of offshore renminbi trading, say conference speakers
Banks monitor FX options trading following Thomson Reuters withdrawal
Market-makers continue to focus on emergence of new multi-bank options platforms that will enable them to comply with new regulations
Thomson Reuters to quit FX options matching business
Resources will be diverted to Eikon platform upgrade, with new trade capabilities to be offered in FX options
Deutsche Bank launches DXY ETNs
Now listed on NYSE Arca as UUPT and UDNT
Gain Capital targets mid-tier investors with prime-brokerage offering
Online FX broker steps into prime brokerage with GTX Direct platform
Trading platforms prepare for Sef arms race
As the CFTC prepares to close the consultation period on its Sef rulemaking next week, it is still unclear exactly what changes FX trading platforms might need to make to comply with the Sef criteria. How are the potential Sefs preparing? Chiara Albanese…