Articles by Michael Watt
Traiana warns of busy regulatory year ahead
Steve French, director of product strategy at Traiana, says fixing the Emir system and implementing Mifid II reporting will bring huge challenges in 2015
Renminbi set for more volatility, analysts say
More two-way volatility is expected and price swings could come close to those seen in the first half of 2014
Trade repositories set to shake up pricing
Competition for contract renewals will heat up early next year
FX volumes surge as BIS warns of emerging market fragility
Dollar strength could spell trouble for developing world economies
ACI pushes for adoption of global code of conduct
In response to stern words from regulators stating regulation is only avoidable with industry initiatives
Icap merges EBS with BrokerTec
Michael Spencer combines Icap's e-platforms for FX and fixed income
TriOptima and DTCC launch trade repository reconciliation service
Service will allow clients to match reported over-the-counter trade details
LCH names Davie as group COO
Michael Davie given new role at London-based clearing house
Banks would love to get benchmarking ‘off their plates’ - FX Week Europe
Barclays trader says banks would support a netting utility for fix orders
‘Distortion’ of free fix must end – FX Week Europe panellists
Benchmark charging must be introduced to curb manipulation, say FX Week Europe panellists
FX Focus - Doubts over agency desk execution grow
Banks are turning to agency desk execution to cut the cost of trading. Some market participants claim it could be the source of as much as half of all turnover in the FX market within five years. Others are more sceptical, and there are fears that a mass…
FX Focus - Editor's Letter
Volatility comes back to the market but rising costs and regulatory burdens forcing major structural changes
EBS hires G-10 currencies head
Bill Marsden joins EBS from a liquidity sales position at Thomson Reuters
Tullett Prebon wins forwards prize for 11th year running
Tullett Prebon's market share of Sef-traded forwards accounts for around 17% of the overall space
CME Group voted best clearing house
CME says it clears $93 billion daily in FX futures and options - a 72% rise on 2006
FX Focus - How to reform FX benchmarking
The long-running investigation into FX benchmarks looks to be coming to a close, with banks being hit by fines running into the hundreds of millions of dollars. Attention will now turn to the myriad possible reforms to the fixing process. Which changes…
Exchange trading on the march in EMFX
Emerging market currencies to get the best of the over-the-counter and exchange-traded worlds
EBS Select liquidity pool launches
EBS Select will complement existing platforms EBS Market and EBS Direct
Saxo introduces no-dealing desk accounts
Saxo gives retail clients direct access to liquidity and launches a more integrated MetaTrader 4 offering
Thomson Reuters volumes dip, but still up 21% on the year
Volumes on Thomson Reuters' Matching and FXall venues dip since September, but are up 21% on October 2013
Agency desk growth will be slower than expected, traders say
The chance of 50% of the FX market going to agency execution within five years is viewed as highly unlikely, but some banks wager on agency being the future of FX trading
Non-bank market-makers step into the breach as banks turn to agency
Buy side continues to worry about the reliability of non-bank market-makers, despite their presence during a technical glitch and volatile trading times
Standard Chartered creates new head of RMB sales role
Zhou Cheng Gang to lead development of RMB capabilities
GFI board to review BGC buyout offer
Board still states preference for pre-existing CME deal