Interview
Bitcoin trading needs bank liquidity, says Saxo chief
Digital currencies need banks to support liquidity formation but stronger framework needed, says Saxo's chief executive
A lot of work ahead says Marshall Bailey, president of ACI
Marshall Bailey says FX market must learn from current upheaval and prepare for "thinking outside the box"
FX Focus - Alessio de Longis Q&A
Emerging markets were rattled by the Federal Reserve’s talk of tapering its quantitative easing programme in 2013. Will 2014 see more of the same? Or will emerging market currencies dance to a different tune?
Scott & Scott takes lead in FX manipulation battle
US law firm Scott & Scott will be in charge of co-ordinating a FX class action lawsuit spanning the globe
Esma foresees a rush to report
Implementing the European Union’s trade reporting rules will be no mean feat for the European Securities and Markets Authority (Esma), with many in the industry way behind on their preparations to meet the February 12 deadline. Michael Watt talks to Esma…
Deutsche blazes trail with decentralised front-office staff
A small FX sales team in Birmingham might seem a minor project, but industry veteran Steve Turner gave up his preconceptions about the city last year to run the team, and believes it allows the bank to improve the quality of sales while reducing costs
Gain GTX gathers momentum as it awaits Sef licence
Gain Capital's institutional platform reached average daily volume of $20.4 billion in November, a year on from the appointment of Joseph Wald to run the platform
Buy side places faith in diverging monetary policy
After a dull end to 2013 that was characterised by excessive consistency among key economies, fund manager Dori Levanoni is eagerly awaiting greater divergence in monetary policy
FX benchmark manipulation: a buy-side perspective
Banks have been caught at the centre of the regulatory probe into manipulation of benchmark exchange rates in recent months, but the scandal could also affect buy-side firms that rely on benchmark fixes. Kathy Alys talks to Patrick Fleur, head of trading…
Perspectives on 2014: Simon Wilson-Taylor, Molten Markets
Algorithmic execution might have seemed implausible in the FX market a few years ago, but this will be the year when the market structure shifts further in a direction that favours algos, says Molten Markets chief executive Simon Wilson-Taylor
Perspectives on 2014: Simon Jones, Mako FX
This will be a year when banks face up to the reality of regulation, constraining their ability to innovate and provide consistent liquidity, but there is an opportunity for regional banks to gain an edge, says Simon Jones, managing partner at Mako FX
Perspectives on 2014: Andrew Coyne, Traiana
With less than six weeks to go until European trade reporting requirements come into effect under Emir, getting the necessary plumbing in place must be front and centre for all market participants, says Traiana’s chief executive
Perspectives on 2014: Roger Rutherford, ParFX
With 12 banks now trading on ParFX as members, the platform will open up to the buy side in the coming months, which will test the strength of its business model and trading rules
Perspectives on 2014: Gil Mandelzis, EBS
Last year was one of both innovation and frustration for EBS, as it continued to push new initiatives amid falling trading volume, but chief executive Gil Mandelzis is bullish for the future and believes the volume will recover
Perspectives on 2014: David Puth, CLS
Working with dealers and central counterparties on settlement of centrally cleared FX options is a ‘high priority strategic objective’ for 2014, says CLS chief executive David Puth
Perspectives on 2014: Nigel Khakoo, Nomura
The market is now better prepared for the Fed to scale back quantitative easing than it was when the idea was first mooted in May, but concerns remain over regulatory issues and the buy side should be more involved, says Nigel Khakoo, head of Emea FX at…
Perspectives on 2014: James Kemp, global FX division
As the regulatory pendulum shifts from the US to Europe next year, there will be new challenges ahead, particularly as new trade reporting requirements come into force in February, says James Kemp, managing director of the GFMA’s global FX division
Perspectives on 2014: David Tait, Credit Suisse
By integrating FX, rates and commodities under a single umbrella, global macro products, Credit Suisse hopes to embed a radical change of culture that will cater more directly to the cross-asset needs of its clients, says business co-head David Tait
Perspectives on 2014: Axel Merk, Merk Investments
The timing of QE tapering will remain a dominant theme in the coming months as many currencies remain beholden to central bank decisions, while the eurozone crisis is still far from over, warns Axel Merk, president and chief investment officer of Merk…
Sberbank looks to FX growth as ruble accelerates
As Russia's central bank looks to a free-floating currency regime by 2015 and CLS pushes the addition of the ruble, Sberbank's new FX trading head Steven Weller sees significant growth opportunities
Lynn Challenger talks to FX Invest
Michael Watt asks Lynn Challenger, managing director of global trading at Mellon Capital Management, about the ups and downs of 2013, the merits and demerits of FX trading styles, and his outlook for 2014
Bank of Montreal's strategy team awaits the taper tantrum
The imminent tapering of US quantitative easing will cause further weakness in the Canadian dollar in 2014, says Greg Anderson, BMO's new head of FX strategy
Saxo looks to capture the middle ground of hedge funds
Following a major restructure at the start of the year, the Danish bank is now looking at a new growth area - the delivery of multi-asset class support services, including capital raising, to emerging hedge funds
BBH's new sales head taps into the European buy side
Having recently relocated from Hong Kong back to London, Brown Brothers Harriman's Chris Gothard is now responsible for FX sales and relationship management in Europe. He talks to Robert Mackenzie Smith