Trading
E-FX initiative of the year: ParFX
ParFX scoops best e-FX initiative of the year
Best professional e-trading venue: KCG Hotspot
KCG Hotspot wins best professional e-trading venue category
EBS reshuffles management team as volumes tank
EBS Market remains a key focus for the broker, chief executive Gil Mandelzis tells FX Week
Fx Focus - Q&A
Chris Concannon, president and CEO of Virtu Financial
FX Focus - Analysing potential
Transaction cost analysis is growing in importance in the FX market, supported by healthy interest from the buy side. But FX may be playing catch-up on TCA in other asset classes for quite some time
FX Focus - Look back in Anger
The use of last look orders by liquidity providers is coming under more scrutiny, as some participants allege banks are gaining unfair trading advantages over buy-side firms from the practice. Are these concerns justified, and how can the industry…
Last look orders come under scrutiny
Banks engaged in "unfair liquidity provision" that could turn into next FX scandal
FCA seeks input on wholesale financial markets competition review
Industry to have its say on competition review
FX Focus - Emerging uncertainty
With volumes of G-10 currencies dipping, banks are switching their focus to over-the-counter emerging market flows. But while there has been growth on this front, all is not rosy in the garden – dealers are struggling to get EM trading algorithms off the…
RMB-ready exporters have edge as Chinese trade links grow
Chinese firms prefer foreign corporates with RMB experience
FX traders focus efforts on improving trade surveillance
Auto-hedging, risk management also key, while regulation is seen as opportunity rather than risk to businesses
Thomson Reuters wins with bullish sterling view
Disparity among central banks on monetary policy set to favour sterling and US dollar
Icap cuts 100 brokers across asset classes
Handful of brokers in Russian instruments impacted, but broker will maintain ruble spot FX desk
Traders could face extradition to US in fixing lawsuit
FX participants could face extradition to the US on antitrust charges following a successful attempt to serve justice on an Italian national in April
Fat-finger error halts yen trading on CME
Price swing due to human order, market participants says, not rogue algorithm
Regional banks capitalise on local edge
Emerging market currencies benefit from readily available technology and expertise
RMB exchange-rate freedom for Chinese banks
Chinese central bank also widens RMB trading band
FX benchmarks manipulated 10-30% of times, MPs told
Scope of manipulation also similar in other asset classes such as gold markets
Markit to launch electronic service for FX options
Together with Barclays, Citi, HSBC, JP Morgan, Morgan Stanley, Nomura, RBS, UBS and Citadel
Thomson Reuters publishes Matching rule book
Follows draft published in March, ending a year-long consultation with clients
Informa Global Markets wins with cautious view overall
Lack of volatility keeps the market subdued in expectation of US Fed signalling tightening
Access to collateral may prove problematic
Academic study warns of ‘immoblised’ inventories
Worries rise over senior exits
Subdued FX markets are a result of senior traders exiting banks and a tighter risk appetite being adopted by remaining participants
Corporates get ready to hedge renminbi risk
Uptick in renminbi volatility brings more corporates to hedging market