Feature
Taking stock of 2011: the euro
The challenges 2011 has already thrown at foreign exchange market participants have been multi-faceted, ranging from a tough trading environment in major currency pairs to the preparation for new trading and clearing regulations. In the first of a series…
Focus on: Remuneration
The UK Financial Services Authority implemented its revised Remuneration Code at the start of this year, putting new rules in place around salaries, bonuses and retention payments. Joel Clark talks to Andrew Young, a solicitor in the employment practice…
Best liquidity distribution system: Saxo Bank
Saxo wins liquidity distribution award after adopting a prudent approach to sourcing the best liquidity for its white-label offering
Achievement award: Phil Weisberg
FXall's chief executive wins the 2011 e-FX achievement award in recognition of his contribution to the industry over the past decade
Best liquidity management system: TraderTools
TraderTools wins liquidity management award for its exclusive focus on FX and strong growth over the past year, including the launch of LightFX in partnership with Citi in April
Best retail platform: Citi
Citi wins top spot in retail category, in recognition of the success and growth of CitiFX Pro since its launch in 2008
Best vendor algorithmic trading technology: Thomson Reuters
Thomson Reuters scoops the algo award, following the acquisition of Aegisoft in 2010 and the subsequent launch of Thomson Reuters Dealing Aggregator in May this year
Best bank algorithmic trading technology: Credit Suisse
Credit Suisse's Advanced Execution Services for FX continues to innovate in algo trading and has put a particular focus on helping clients understand and manage their costs
Best professional e-trading venue: Hotspot FX
Hotspot FX wins the award for best professional e-trading venue, in recognition of surging volumes and a number of new initiatives aiming to appeal to different client segments
Best vendor for post-trade services: Traiana
Traiana wins the vendor category for post-trade services in recognition of the multiple initiatives it has launched to tackle the challenges experienced in the FX market
Vendor e-FX initiative of the year: CLS and Traiana
CLS Aggregation wins the vendor award, having become a crucial piece of the FX market infrastructure since its launch in January 2010
Bank e-FX initiative of the year: Société Générale CIB
SG CIB scoops the e-FX initiative award for Alpha FX, a single-dealer platform it began designing two years ago and launched in late 2010
Most innovative bank e-trading platform: JP Morgan
MorganDirect wins the award for innovation, having always sought to offer clients something more than just tight pricing, according to the bank's global head of e-commerce
Best trading technology vendor: Integral
Integral nails trading technology award in recognition of the increasing success of its cloud-based products in the FX market over the past year
Best electronic broker: EBS
Icap Electronic Broking has consistently introduced new innovations to meet the demands both of manual and high-frequency traders, says chief executive David Rutter
Best bank post-trade services: UBS
UBS wins the post-trade services award after investing heavily in CRM tools and prime brokerage over the past year as part of its preparation for new regulations
All in accord on high-frequency risks
In late June four prime brokers and six ECNs allied together in a major new initiative to better monitor and manage the risks posed by high-frequency trading in the FX market. What motivated the collaborative effort? Farah Khalique reports
FX Invest: Implications for collateralisation under new CCP model
Saima Farooqi looks at the wave of upcoming regulations relating to central counterparty clearing, and what it means for collateral management
FX Invest: Overlay Asset Management sticks with emerging markets
Overlay Asset Management’s Helie D’Hautefort talks to FX Invest about his firm's emerging markets strategies
FX Invest: New indexes trade volatility
Nikki Marmery reports on the emergence of indexes looking to trade event risk
FX Invest: Rise of the super-Sefs
The Dodd-Frank Act created a multitude of would-be swap execution facilities (Sefs) – trading platforms that will aggregate dealer liquidity. Now, dealers want to hoover up the Sefs by building their own aggregation services, but it’s a strategy that…
FX Invest: US dollar's time as world's reserve currency draws to a close
With the European sovereign debt crisis grabbing headlines, markets might be forgiven for overlooking the nearing end of a second round of quantitative easing in the US. Debate over its success raises deeper questions about the role of the US dollar as…
Hiring frenzy
After a typically busy hiring season during the first half of the year, Chiara Albanese takes stock of some of the biggest appointments and talks to headhunters about the trends driving FX recruitment in 2011
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…