Algorithmic trading
RBS appoints Mount head of FX tech-based trading
Ed Mount joins from Elysium Technology, and has also worked at UBS
Regulation is the biggest concern for FX banks, says StreamBase survey
A majority of 52% of respondents to third annual survey cite regulation as their top concern - over and above the growth of competition from high-frequency traders
Thomson Reuters extends Elektron hosting to FX
Thomson Reuters Matching will be the first platform to be available through the Elektron proximity hosting service, but independent platforms will be added in due course, the vendor tells FX Week
Best vendor algorithmic trading technology: Thomson Reuters
Thomson Reuters scoops the algo award, following the acquisition of Aegisoft in 2010 and the subsequent launch of Thomson Reuters Dealing Aggregator in May this year
Best bank algorithmic trading technology: Credit Suisse
Credit Suisse's Advanced Execution Services for FX continues to innovate in algo trading and has put a particular focus on helping clients understand and manage their costs
Most innovative bank e-trading platform: JP Morgan
MorganDirect wins the award for innovation, having always sought to offer clients something more than just tight pricing, according to the bank's global head of e-commerce
Trading Places, July 25, 2011
Appointments at TwoFour, SecFinex, DealHub, Berenberg and Alexander Forbes, while Credit Suisse reshuffles private banking heads in Asia
All in accord on high-frequency risks
In late June four prime brokers and six ECNs allied together in a major new initiative to better monitor and manage the risks posed by high-frequency trading in the FX market. What motivated the collaborative effort? Farah Khalique reports
Banks and ECNs join forces to prevent FX flash crash
Citi, JP Morgan and Morgan Stanley join Deutsche Bank on Traiana's enhanced CreditLink service
UGS signs Kiwi start-up as first client
Start-up currency firm ForexAtom deploys Unified Global Solutions' new Adaptware platform
Integral’s FX Cloud pitches trade repository status
New cloud-based forex platform to be launched as a trade repository to meet Dodd-Frank requirements
Ogg’s new venture to tap 'huge' demand for best execution in FX
Industry veteran targets lack of technology to allow institutions to be sure of achieving best execution in foreign exchange
Thomson Reuters rolls out Dealing Aggregator
FX aggregation service aimed at customers trading on the Thomson Reuters Dealing platform
Malfunctioning algos could cause another flash crash, academic warns
Robotic foreign exchange trading systems could malfunction and lead to a repeat of the May 6 flash crash in the US, according to David Cliff, professor of computer science at the University of Bristol.
BIS: 'Others' drive growth in FX market
The Bank for International Settlements (BIS) attributes 85% of the growth in FX market turnover in 2010 from 2007 to increased trading activity of other financial institutions, notably high-frequency traders, banks trading as clients of the biggest FX…
'Barracuda trading' swims to the fore in Europe
French finance minister Christine Lagarde yesterday told a parliamentary committee that high-frequency trading (HFT) should be regulated "very strictly", and even banned in "exceptional" circumstances.
Second flash crash inevitable
A second flash crash is inevitable while there is no consistency in the rules at exchanges, said delegates at the FX Week Europe congress in London last Tuesday (November 16).
PPP still has legs in the USD/CAD market
Irene Aldridge, quantitative portfolio manager at Able Alpha Trading, and Steven Krawciw, wealth management executive at Credit Suisse in New York, look at the value of PPP in quant strategies
Deutsche Börse preps Asian algo macro news
FRANKFURT – Deutsche Börse is preparing to begin beta testing a version of its AlphaFlash feed of low-latency, machine-readable macroeconomic news for use in algorithmic trading applications, tailored to provide data for Asian markets.
Regulation, Fragmentation and Execution Where to Next for High Frequency FX Trading?
Regulation established in the wake of the financial crisis to promote market integration, together with new norms being considered for high-frequency trading in equity markets, may unnecessarily complicate the FX market, says Chip Lowry, chief operating…
RBC deploys Progress Apama
LONDON – RBC Capital Markets has deployed Progress Apama's FX Aggregation system to support its FX dealing operations, the vendor announced last week (September 8).
CME to launch e-micro gold contracts
CHICAGO - CME Group plans to launch e-micro gold futures on its electronic trading platform CME Globex on October 3, for a trade date of October 4, in response to growing demand for smaller contracts.
Non-banks lead 20% rise in FX turnover
BASEL - The global financial crisis has led to a slowdown in the growth of the foreign exchange markets, with most activity shifting to the investor community from the trade-based flow.
Dodd-Frank prop desk carve-out creates potential restructuring risks
Intellectual property and internal talent could get caught up in bank prop desk divorce