Interview
Awards: UBS
UBS has been voted the winner of three categories at the 2018 FX Week e-FX Awards
Awards: XTX Markets
XTX Markets has been voted Best FX Liquidity Provider and Best Non-bank Market Maker at the 2018 FX Week e-FX Awards
Flow Traders goes live to make FX splash
With 700-plus approved counterparties and significant in-house flows from its ETP business, Flow Traders prepares to realise its FX ambitions
Solid FX firms up expansion plans
New chief Patrick Fleur tells FX Week about the platform’s priorities for the year ahead
FX under one umbrella – the Kölzer plan
Carlo Kölzer, 360T’s chief and Deutsche Börse’s head of FX, tells FX Week about his plans and ambitions for the venue
Asian flows bloom post-Mifid II, TR's Penney says
Trade flow patterns are also changing, leading TR to launch a direct THB/JPY cross sometime this year
BNY Mellon zeroes in on FX
Newly hired James Taylor discusses the business transformation taking place in foreign exchange at the bank
Goldman Sachs: analytics pushes SDPs to fore
As clients ask more detailed questions about execution, deepening key relationships is high on the agenda
BNY Mellon: regulation to continue driving markets
As regulators and market participants evaluate Mifid II compliance
Cboe FX: LP competition to heat up
As banks re-enter the market-making fray, challenging non-bank liquidity providers
State Street: voice trading to stay for Apac clients
Official institutions such as sovereign funds still tend to opt for voice execution due to security and confidentiality concerns
GAM: yen to stand out in 2018
While the majority of G10 currencies are correctly priced, Japan's currency seems undervalued
Nex: more data and better analytics in 2018
This will lead to better execution outcomes for clients
EM forecaster of 2017: Westpac
Emerging market currencies need to be evaluated on a case-by-case basis rather than taking a generalist view
CLS: politics and technology will be main drivers in 2018
Distributed ledger technologies will be used increasingly while cryptocurrencies gain ground
Citadel Securities: understanding LP performance set to drive behaviour
As execution quality is better understood, clients will look to deepen relationships with good liquidity providers
Deutsche Bank: FX Code and disclosure to dominate
Adherence to FX Global Code of Conduct will be a key focus
MarketFactory sees more fragmentation and a rebound for prime
Activity on Clobs will also increase due to best execution requirements
JP Morgan: electronification, algos and control will be key in 2018
More electronification is on the cards, not only in terms of execution, but also workflow
XTX: transparency, clearing and relationships will dominate
In 2017, clients rediscovered the value of relationships, but priorities are likely to change in 2018
G10 forecaster of 2017: CIBC
CIBC still bullish on euro over medium term as political risks stay low
Citi: scale is vital in an increasingly fragmented environment
The push for more automation is also being driven by rising costs and more fragmented markets
BNP Paribas: evaluating tools and practices to be big theme
Following a year of intense preparation for Mifid II
Barclays sees renewed momentum and innovation in 2018
Mifid II and Global Code give FX market the impetus to improve transparency and efficiency