Feature
Photo gallery: FX Week Europe, November 2012
Photos and stories from the FX Week Europe conference, held in London on November 21
Taking HFT to task
As a small group of high-frequency traders (HFTs) rise to prominence as market-makers in spot FX, the reliability of their prices during times of market stress has been called into question – so much so that electronic trading platforms are taking steps…
Integrate to accumulate
Increased volatility, lower availability of credit and emerging market expansion is accelerating the integration of cash management and FX, says Laurence Neville
Best Banks 2012: Kevin Rodgers talks to FX Week
Kevin Rodgers, global head of foreign exchange at Deutsche Bank, the winner of this year's Best Banks Awards survey, talks to Joel Clark about the challenges the bank has faced in 2012
LCH.Clearnet bags FX clearing house award
In the inaugural award for best FX clearing house, LCH.Clearnet is voted top for the successful launch of ForexClear, which has cleared roughly 23,000 trades over the past eight months
Barclays grabs top spot for FX options
The UK bank has risen from fourth to third place in this year's survey, and has also added FX options to its awards tally
UBS holds Swiss franc lead despite intervention
UBS wins best bank for the Swiss franc and best bank for post-trade services as it continues to provide liquidity despite the challenges posed by the EUR/CHF floor
SuperDerivatives and Bloomberg scoop vendor awards
SuperDerivatives has risen gradually to the top spot for risk management and options pricing, while Bloomberg has again won best market data provider for FX
Thomson Reuters and FXall still on top
As two become one, FXall and Thomson Reuters have both topped their individual award categories again this year
Icap lands emerging markets award as NDF volumes grow
Icap has topped the spot-broking category once again and has also picked up the award for best broker in emerging markets, in recognition of its strength in NDFs
Citi bumps up awards tally to scoop eight categories
The launch in January of Velocity 2.0, the latest incarnation of Citi’s FX platform, has been a key driver of its success in a number of different areas this year, according to the bank’s FX management team
HSBC cleans up in emerging Asia and Emea
A strategic coverage in key emerging markets, coupled with its ongoing focus on onshore and offshore renminbi trading, has landed HSBC with a string of awards this year, including both emerging Asia and Emea
Deutsche Bank takes first place as volatile market calms
As volatility diminished substantially in 2012, Deutsche Bank has held onto its top position in the Best Banks survey and clinched six additional awards this year
ANZ continues expansion as Aussie dollar popularity rises
The Australian bank will soft launch its new collateral FX platform next month, ahead of a full roll-out scheduled for February
BMO holds Canadian dollar award for second year running
Bank of Montreal has been at the forefront of efforts to capitalise on the rising international interest in the Canadian dollar
Danske ends four-year hiatus to reclaim Scandi award
In addition to its natural focus on Scandi currencies, the Danish bank is seeking to expand its global footprint, particularly in emerging markets
Tullett Prebon holds lead in options and forwards
The interdealer broker is set to launch a new FX forwards platform as it continues to prepare itself for regulatory change
Currency carry trade losses overshadow diversification benefits of currency
Currency manager Ugo Lancioni says investors still scarred by losses linked to carry trades are missing out on the diversification benefits of other strategies. Saima Farooqi reports
Offshore deliverable renminbi derivatives market grows despite fall in trade volumes
Despite a fall in offshore renminbi trade volumes, dealers say corporates are making increasing use of CNH forwards and options markets to hedge price exposure. Joti Mangat investigates
Central banks turn to RMB assets
Central banks in Asia are diversifying their holdings into RMB, marking the latest stage in the currency’s internationalisation
Best professional e-trading venue: Hotspot FX
Hotspot FX wins the award for best professional e-trading venue for the second consecutive year - the only firm to do so in this year's awards
Best algorithmic trading technology (vendor): FlexTrade
FlexTrade Systems wins the vendor award for best algorithmic trading technology, having made significant progress in expanding FX market share over the past two years
Vendor e-FX initiative of the year: MarkitServ
MarkitServ's CCP Gateway product, which it brought to market in record time after winning an RFP in 2010, wins the e-FX initiative of the year award
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…