FX Markets - 10 Jul 2017
Articles in this issue
CFTC to boost resources to study HFT impact
Acting CFTC chief hopes to get better analytics to discover the effects of high-frequency trading on the market
ECB: bulk of euro trading will stay in London after Brexit
In its annual review of the single currency, the central bank says any shift from the UK to the EU will be gradual
Esma warns it may intervene to regulate CFDs and retail products
Two years since Esma set up a task force to supervise risky products such as CFDs, rolling spot FX and binary options
Nex Optimisation launches automated credit-rebalancing tool
Rebalancer, developed in partnership with Citi, enables dynamic allocation of credit across ECNs
Winners of the 14th FX Week e-FX Awards are revealed
The annual e-FX Awards recognise innovation and excellence in foreign exchange markets
e-FX Awards: Cobalt – e-FX Initiative of the Year
The distributed ledger technology firm aims to cut post-trade costs by up to 80%
e-FX Awards: Citi – Most Innovative Bank e-FX Trading Platform and Bank e-FX Initiative of the Year
Citi Velocity, the bank’s single-dealer platform, is being used in 90 countries with varying requirements among its clients
e-FX Awards: FastMatch – Best e-FX Trading Venue
In Q1, FastMatch saw ADV grow 61% year-on-year to $17.7bn. In April, it recorded $19bn ADV – 76% higher than in the corresponding period of 2016
e-FX Awards: XTX Markets – Best FX Liquidity Provider
The London-headquartered market-maker is expanding to become a global firm
e-FX Awards: Citadel Securities – Best FX Flow Market Maker
Investment has been a major theme for Citadel Securities this year and the effort is paying off
e-FX Awards: LCH – Best Clearing Services Provider
LCH's ForexClear saw volumes surge after the first tier of bilateral margining rules entered into force in September
e-FX Awards: Fenics – Best e-FX Software Provider
Release of Fenics Trading Solutions allows the firm to spread across geographies such as Emea and North America
e-FX Awards: HSBC – Best e-FX Platform for Corporates
The banking giant now has the institutional space in its sights with e-FX platform Evolve
e-FX Awards: Integral – Best e-FX Distribution Platform
Integral lets regional banks and lower-tier dealers reach clients on single/multi-dealer platforms and third-party systems without undue technology spend
e-FX Awards: NatWest Markets – Best FX Prime Broker
The bank deliberately positioned its FXPB business to cater for high-touch clients
e-FX Awards: Nasdaq Smarts & Digital Reasoning – Best e-Surveillance Provider
Advanced monitoring technology using artificial intelligence has reduced false positives by up to 70%
e-FX Awards: Saxo Bank – Best Prime-of-Prime Provider and Best Retail FX Platform
It prides itself on the breadth of access its clients enjoy with 24 bank and non-bank LPs pricing into streams
e-FX Awards: BNP Paribas – Best Bank Algorithmic Trading Technology Provider
The bank is developing its fourth-generation algos, with the aim of giving clients even more control over execution
e-FX Awards: Pragma Securities – Best Independent Algorithmic Trading Technology Provider
Regulation helps Pragma’s growth; clients appreciate its value proposition around transparency and control
e-FX Awards: Thomson Reuters – Best Trading Technology Vendor
It's all about serving the whole FX market, rather than a niche, and providing leadership on quality and certainty of execution
e-FX Awards: Portware – Highly Commended – Best Trading Technology Vendor
Portware has developed an order-allocation solution for the real-money community
e-FX Awards: Broadway Technology – Best FX Connectivity Provider
Connectivity is the bedrock upon which everything is built – without it, even the most expensive technology is useless
e-FX Awards: ITG – Best FX TCA Provider
The drive towards cross-asset best execution and workflow efficiencies helped the firm to victory
e-FX Awards: smartTrade Technologies – Best Liquidity Aggregation System
The Liquidity FX platform gives clients full control of the execution process and helps them with risk management
The sun keeps shining on the euro – NAB
The single currency is benefiting from a spell of newfound optimism, says the Australian bank