Tech and data
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
BNP Paribas rolls out FX algos
Cortex iX algorithmic execution suite will officially launch this week, aiming to provide better anonymity than existing FX algos
Thomson Reuters rolls out China version of Eikon
The vendor will announce today that it has launched a new version of its Eikon desktop terminal for the benefit of users in China
South Africa’s Rand Merchant Bank goes live on TraderTools
The implementation of the technology vendor’s liquidity management platform has been completed in record time and is proving very effective, says senior trader
A man of standing: Michael Cross, BoE
During nine years in the markets division of the Bank of England, including three years as head of foreign exchange, Michael Cross has been at the forefront of the central bank’s response to the financial crisis. As chair of the FX Joint Standing…
Gain Capital adopts StreamBase LiveView
Real-time analytics platform will enable Gain Capital to ensure its liquidity partners are providing consistent FX prices
GFI targets generalist salespeople with latest Fenics release
Version 12.2 of Fenics Professional, launched earlier this week, aims to make the system more accessible to non-specialist salespeople
TradingScreen rolls out real-time TCA for FX
New functionality includes a heat map to enable buy-side traders to benchmark their execution in real time
Taiwan’s trade repository setting up reporting agreement with DTCC
Taiwan's new trade repository for over-the-counter derivatives is looking to ink a reporting agreement with DTCC
FX repository moves to production ahead of October launch
The DTCC began user testing of its new trade repository on May 1, and plans to have full regulatory and public reporting up and running by the fourth quarter to meet CFTC deadlines
ITG rolls out forex TCA
New York-based technology provider ITG launched its new transaction cost analysis tool for FX earlier this week