EBS
Redefining roles within the FX market
Many trading platforms and industry utilities have been driven to redefine their roles within the industry in recent years, and banks will have to follow their lead, writes Joel Clark
Volume data creates distorted view of liquidity
As the six main FX committees prepare to release the results of the latest semi-annual FX turnover surveys this week, Joel Clark looks at volume trends in the industry over the past three years
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: 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
EBS to consider latency floor extension within weeks
Analysis of the randomised pause applied to AUD/USD and USD/CHF is almost complete, allowing EBS to consider an extension to other currency pairs, says platform chief
Thomson Reuters ‘considering’ randomisation on Matching platform
The largest FX trading platform by volume could be the latest trading venue to apply randomised pauses, following EBS and ParFX
Former EBS Prime head Faulkner takes R5FX role
David Faulkner has joined R5FX as head of open market, following recent hire of Stuart Crooks, Ed Nelson and Anne Pounds
Dealers losing exclusive role in FX, BIS report notes
A new analysis of the 'anatomy' of the FX market notes the increasing influence of non-dealer financial institutions, following this year's triennial survey
SG CIB joins ParFX as latest bank member
The French bank has become the 12th founder member of ParFX, while Bank of America Merrill Lynch started trading last month without becoming a member
FX Week Europe: Fix reform must address risk-reward imbalance
Banks should be better compensated for the risk they take when executing trades at benchmark rates, say panellists at London conference
EBS Direct launch could reverse volume decline, say participants
The full launch of EBS Direct opens up a new market segment that could be an opportunity to claw back market share lost in recent years
EBS Direct hires Hugh Whelan from Commerzbank
EBS appoints Whelan to oversee liquidity management for the company's new relationship-based platform
EBS volumes fall to another record low in October
Continued low volatility in the FX market has pushed EBS volumes lower in October, as participants struggle to see an end to depressed market activity
BCS Prime eyes domination in USD/RUB market
Having given HFT firms direct access to the Russian ruble, the new UK subsidiary of Russian brokerage BCS is now looking to diversify its client base into the institutional market
FX platforms divided on management of costs and speed
Officials at EBS, LMAX Exchange and State Street Global Exchange debate key issues facing new and incumbent platforms during a live webinar
Chaotic birth of Sefs drives NDF trading off platforms
The first two weeks of Sef trading have seen some trading volume in non-deliverable forwards migrate to single-dealer platforms and voice brokers to avoid the rules
Internalisation to blame for EBS volume decline
Low volatility in major currency pairs has created an environment in which many banks prefer to internalise trades rather than trading on anonymous platforms such as EBS
EBS and Thomson Reuters urged to rethink credit methodology
FX prime brokers say measurement of open positions on a gross rather than net basis exposes them to additional risk and reduces the effectiveness of controls such as the kill switch
Gain Capital appoints chief financial officer
KCG's Jason Emerson moves to Gain, while Price Markets hires a new head of FX sales
FX Week Forum: Dodd-Frank and electronic platforms
In the second in a series of video features addressing key themes in the global FX industry, Joel Clark talks to Kathy Alys and Rob Mackenzie Smith about recent stories covering the Dodd-Frank Act's external business conduct standards and pricing on…
Faulkner exits Integral
EBS veteran David Faulkner has left Integral just four months after joining as global segment head for banks
Saxo Bank to publish monthly volume data
Danish firm aims to promote greater transparency by going public with its volume figures on a monthly basis
Aggregators begin certification process with EBS
Aggregators of EBS liquidity have until November to comply with its new guidance and become certified partners, but some vendors are not certain they will seek certification
Striking a balance on pricing
FX platform pricing models have come under fire, with calls to reduce or abandon fixed costs, but how should platforms seek to get the balance right?