Tech and data
DTCC powers ahead with FX trade repository
Dealers are on-track to meet a February 28 deadline to report FX trades to a repository, a DTCC official said earlier today
SuperDerivatives to launch low-cost market data platform
DGX is aimed initially at corporates, private banks and investors, and will provide low-cost market data across all asset classes
Has last look had its day in FX?
Last look remains a divisive issue in the foreign exchange market, but some platform providers believe it has had its day and is no longer necessary for banks
High-frequency trading: managing the nuclear power supply
New York-based AienTech likens HFT to nuclear power that can be used for both positive and negative purposes, and chief executive Ugur Arslan is preparing to distribute his technology to the broader market in 2013
Bloomberg launches CNY market data service through Cfets
New service provides live interbank rates on USD/CNY and eight other renminbi pairs, priced from 26 participating banks
MarkitServ and Traiana prep pre-trade credit hubs
Post-trade technology providers are vying to build a pre-trade hub that will provide certainty of execution and clearing under new regulation, to be rolled out for rates, credit and FX within months
Forex TCA heads into pre-trade sphere
Banks are increasingly offering pre-trade transaction cost analysis in an effort to help their clients better understand how to ensure best execution prior to committing to the trade. Kathy Alys reports
Local trade repositories are necessary, says senior HKMA official
The benefits of local trade repositories outweigh the possible disadvantages of multiple reporting requirements, says executive director of HKMA’s financial infrastructure unit
UBS readies regulation-focused FX algos
The Swiss bank will launch its first algorithmic FX trading tools early next year with smart order routing to help clients navigate regulatory change
HSBC launches algo carry index
The Global FX Carry Index, launched by HSBC yesterday, considers 32 currencies for investment, including G-10 and emerging markets
Training traders
What role does emotion play in the decision-making process of traders, and can they be trained to better manage their emotions? Saxo Bank believes they can, and is developing a process to support that training. Robert Mackenzie Smith reports
Technology key for Saxo at 20
Saxo Bank celebrated its 20th birthday last month by flying its staff out to Egypt for a celebration in front of the Pyramids, hosted by co-founders Kim Fournais and Lars Seier Christensen. Robert Mackenzie Smith meets them in Copenhagen
FXSpotStream adds Morgan Stanley as liquidity provider
The US bank becomes the seventh liquidity provider on FXSpotStream, which is now live and trading after it was first announced in May
Trade reporting pressure increases as CFTC deadlines loom
DTCC data repository has received provisional CFTC approval, just three weeks ahead of mandatory reporting for credit and rates, with FX reporting due to begin in January
Caplin unveils new development environment for bank platforms
Caplin Systems is launching a new development environment based on HTML5, which it believes will allow banks to build more effective single-dealer platforms
Barclays upgrades Oasis FX analytics tool
Enhanced version of Oasis includes a new charting, analysis and back-testing tool, known as Atlas
Spotlight on: Rob Maher, Credit Suisse
Credit Suisse’s global head of fixed-income electronic sales talks to Joel Clark about the changes the Swiss bank has been making to its e-FX business with the development of a new single-dealer portal and the integration of its algorithmic and…
Shining a light on high-frequency trading
Forex trading platforms are intent on tackling any negative effects of high-frequency trading, but the speed of the practice makes it tough to manage the risks. Robert Mackenzie Smith reports
Alior eyes corporates with new forex platform launch
The Polish bank has partnered with Swedish technology vendor Aphelion to build a single-bank portal aimed at corporates
Sef connectivity hurdle looms for bank platforms
Many single-bank platforms have elected to connect to swap execution facilities, where they can route regulated products rather than losing that business altogether. But the new model requires connectivity to multiple platforms, which could be costly and…
Reporting challenges remain as repositories move towards launch
Market participants continue to grapple with the challenges of reporting FX trades to a repository as regulatory deadlines begin to loom. Kathy Alys and Melanie White report
ANZ launches China-centric commodity index
Australian bank unveils commodity index in bid to better reflect China market influence
FXall enables users to access bank algorithms
New functionality allows clients to route algorithmic and limit order requests to selected banks
FTSE Cürex FX indexes will help transparency, participants say
FTSE and Cürex enter FX index space – and market participants say the indexes will help improve transparency in the foreign exchange markets