Reuters Dealing Now Accounts for 50 Percent Of All Foreign Exchange Spot Trades In London
TECHNOLOGY
At least 50 percent of all foreign exchange spot transactions in the London market are now done through the Reuters dealing systems, bankers and brokers estimate. In some banks, the figure is closer to 75 percent, as traders take advantage of the system's convenience to bypass both brokers and direct telephone lines. A spokesman for Reuters says its bank customers informally report that they do about half their transactions through the screens. However, the company does not (and is technically
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe
You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.
You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@fx-markets.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@fx-markets.com
More on Structured Products
HSBC debuts RMB hedged share class for Ucits
Asset manager started offering the class for its global investment funds on March 23
FX structurers see mixed demand for cross-asset hedges
Increased hedging costs in rates and credit has led some investors towards FX structured products, but some remain concerned that correlation may not hold up
Reyker adds James Chu and looks to expand retail structured product offerings
Former managing director of Incapital Europe, James Chu, has joined bespoke financial service provider Reyker Securities to head its latest structured product distribution initiative
Wealthy Greeks turn to offshore securities to escape redenomination risk
The massive drop in deposits held in domestic banks in Greece is partly attributable to transfers of savings into overseas accounts or securities to mitigate fears of a Greek eurozone exit and a return to the drachma
Europe’s institutional investors look to alternatives and cost-effective exposure
Institutional investors in Europe favour fixed-income and alternative assets as they continue de-risking their portfolios, with a focus on cost-effective market exposure and downside protection
Macquarie to offer bespoke beta and absolute return commodity products from June
Macquarie is extending its existing commodity sales and trading platform with the launch of a commodity investor products business, which will be led by ex-Goldman Sachs global head of commodities
Absa Capital unveils five ETNs based on precious metals and currencies
Absa Capital has launched five exchange-traded notes, providing investors with exposure to precious metals and currencies.
FX Invest: Macroeconomic uncertainty boosts demand for gold and oil exposure
Continued uncertainty about inflation and deepening concerns over sovereign default risks in Europe are making the commodities increasingly attractive as hedging tools
Most read
- FX house of the year Singapore and FX house of the year Malaysia: OCBC Bank
- Asia FX Awards 2024: The winners
- Best trading platform for retail: OCBC Bank