Algorithmic trading
Grand redesign
Non-bank market-makers are increasingly being viewed as serious players as they set about building customer franchises amid a wide-scale bank pull-back
Spreads need to widen to boost liquidity
Panellists at the 14th annual FX Week Europe conference warn of increasingly illiquid markets
Best Banks Awards: Citi wins nine awards, including top prize
Citi voted Best Bank Overall and gains eight other accolades
Non-bank market-makers look to build customer franchises
Alternative market-makers aim to fill liquidity space left by reduced bank capital and move to connect with customers directly
X Markets Trading will be synonymous with quality, says CEO
The flow-handling and technology company comes up with solutions to meet the risk-warehousing and technology needs of banks
Panellists call for more standardisation in FX
FX Week USA conference delegates hear suggestions for market structure challenges
Best algorithmic trading technology provider: Morgan Stanley
US bank's QSI unit triumphs in heavily contested space with focus on analytics
GSA split amicable, Gerko says
GSA's head of FX trading says his spin-off from the hedge fund was planned for months, with the support of GSA
Electronification of Asian FX only just beginning
Jay Hibbin, VP of capital markets services at Colt, says Asia offers opportunities for latency sensitive traders
Price Markets launches Solid FX ECN platform
Both via GUI and API
Instantaneous hedging is not market-making, says GSA
Rise of hot potato trading is direct result of instant hedging from market-makers, says GSA Capital
Raiffeisen Polbank selects TradAir FX rate engine
Raiffeisen Polbank goes live with rate engine and market-making distribution network
Perspectives on 2014: Simon Wilson-Taylor, Molten Markets
Algorithmic execution might have seemed implausible in the FX market a few years ago, but this will be the year when the market structure shifts further in a direction that favours algos, says Molten Markets chief executive Simon Wilson-Taylor
Pragma to roll out FX algos in Q4
Trading technology vendor is preparing to diversify into foreign exchange with an algo execution product that it believes will add value over bank offerings
Barclays to add algo tools to Gator aggregator
Barclays will add new, less aggressive algos to Gator in the fourth quarter as it looks to make the product more accessible to real-money and corporate clients that prefer to trade with minimal market impact
High-frequency traders face up to regulatory clampdown
Regulators have set their sights on high-frequency trading, but some participants believe the industry is already changing
Best algorithmic trading technology provider: BNP Paribas
BNP Paribas successfully breaks into the increasingly competitive market for algorithmic execution in foreign exchange
Banks welcome EBS latency floor
EBS consults on a new approach it hopes will reduce the advantage of super-fast trading algorithms
Banks beef up quant solutions for FX in response to buy-side demand
Morgan Stanley and Commerzbank are investing in quantitative offerings as a part of their FX strategy, but other banks are pulling back from the business
Barclays launches client aggregator in response to fragmentation
Gator smart order routing tool has been tested internally by Barclays spot traders for more than a year, and is now being rolled out to clients
The advantages of algo execution
As both Barclays and UBS prepare to launch new algo execution tools for foreign exchange in the coming weeks, the space is becoming increasingly crowded – but it appears to be driven by strong demand from the buy side. Miriam Siers reports
Sucden Financial signs up Currenex to meet demand from proprietary traders
Institutional broker lures clients away from banks with better leverage and margin terms
MIG Capital targets retail FX traders in eastern and southern Europe, says CEO Cirulli
Margin foreign exchange broker leverages demand for alternative trading assets and algorithmic trading