Algorithmic trading
Algo experts caution against too prescriptive regulation
Such laws can do more harm than good, they say, and prevention of market impact is too high a standard
Edgewater Markets raises $30m for expansion drive
As part of the deal, the firm's board will gain two new participants from FTV Capital
CFTC working on cyber-security and auto-trading rules
Aiming for year-end target, but market participants are pushing back at some requirements
CFH Clearing launches matching engine in TY3
The prime-of-prime provider aims to reduce latency and enhance execution by reducing the round trip between London and Tokyo by 200 milliseconds
Toland launches fintech start-up for fixed-income markets
TransFicc aims to assist in the migration of trading to electronic venues and adherence to regulation
Dalton leaves Citi
Head of FX algorithmic execution is understood to be moving to National Australia Bank
Class-action lawyers to tap into Barclays' FX team knowledge
With the bank providing information to investors from people within the firm with the most knowledge of its last-look practice, plaintiff lawyers could access information it could have taken years of discovery to obtain
EBS BrokerTec set to move to 1ms data updates
The new FX market data feed is expected to reduce update intervals to 1ms and will become available in the summer
Buy side takes control of execution as liquidity worsens
Risk warehousing ability isn't there any more, say large buy-side traders
CFH Clearing expands choice of white-label platforms
In March, the PoP provider will add Olfa Trade's Seamless FX to its range
The new FX equation
Firms are scrutinising expenses more than ever, but despite hard times, one market participant believes innovation will drive down costs and "our best days as a market are ahead of us"
Price and perfect execution
Firms are trying to give clients visibility on measuring whether the price they are receiving is a good one, but the cost of execution is variable and hard to pinpoint – and it’s not just about price
Banks are still vital for FX
Liquidity provision may increasingly be a non-bank play, but credit remains a bank business
TCA requires standard benchmark and practices
The quest for a universal way of measuring execution quality continues
Part fills add to liquidity woes and sharp price moves
Not trading in full amounts makes market-making harder and more expensive for clients, say market participants
Test algos or go to jail
Under Mifid II, participants need to certify their algorithms will not cause market disorder or face the consequences
FCA expands accountability to HFT traders
New rules published by the UK watchdog aim to strengthen individual accountability in the financial industry
FXCM study underlines segregated pricing advantages
Retail clients gain better or equal prices than on interbank and futures platforms more than 90% of the time
XTX Markets retains Chris Knight to lead Apac push
Knight's firm, Market Partners, will start working with XTX in late January
2016: the year Europe moves towards a regulated market
MiFid II, last look and the first Fed rate hike in nearly a decade will be key influences
More contraction in PB and market-making ahead
Banks' retrenchment from market-making and credit provision will be key themes
Transparency and control will be key goals in 2016
OMS provider Barracuda FX's chief executive says more needs to be done to prepare for the new regulatory landscape
Dangerfield appointed interim CTO at FXecosystem
Matt Dangerfield brings 19 years of ultra-low latency experience to the connectivity provider
FXecosystem shaves 2 milliseconds off London-New York round-trip
The connectivity provider for the FX industry reduces latency further between the two cities