Electronic trading
Aligning Deutsche with the complex needs of corporate clients
A year on from a major internal restructure to focus on electronic trading across asset classes, Deutsche Bank's corporate FX sales heads explain how their business has changed
KCG Europe loses chief executive
Robert Smith departs the recently merged company in Europe
Banks eye new protocol to streamline platform connectivity
A working group backed by seven banks is looking to create an automated protocol to streamline the process by which clients connect to FX trading platforms
Barclays appoints Cartledge to head new e-Ficc team
Management changes at Barclays globally after Cartledge takes on role leading the bank's new electronic Ficc trading team
Portware to launch automated FX hedging tools
Trading software vendor launches new FX capabilities as it expands into increasingly electronic marketplace
EBS and Thomson Reuters urged to rethink credit methodology
FX prime brokers say measurement of open positions on a gross rather than net basis exposes them to additional risk and reduces the effectiveness of controls such as the kill switch
Oanda acquires Currensee copy trading platform
FX copy trading platform will strengthen Oanda's product offering
High-frequency firm AienTech shuts up shop
Technology-focused hedge fund made its mark in FX as a top provider of volume to bank platforms
Molten Markets appoints COO from State Street
John Vause ends more than 13 years at State Street to head operations at the new vendor
FastMatch signs with TMX Atrium for low-latency connectivity
Start-up spot FX platform joins network to lower transatlantic latency and leverage global coverage
FX market will be 70% electronic by year-end, says Aite Group
New research estimates 60% of FX is electronic today, rising to 70% by year-end but there will still be a place for voice trading
Portware loses head of product strategy
Harrell Smith has left Portware after six years to join Lab49 in New York
FX platforms encouraged to consider liquidity enhancing pricing models
A proposal made to the FX Joint Standing Committee in July 2012 for a per-order fee that is rebated in proportion to actual executed volume has garnered support among market participants
Future of e-FX will be cross-product, says Citi’s Bibbey
Richard Bibbey, Citi's new head of e-FX trading, believes the landscape is changing and successful banks will be those that can leverage technology across products and asset classes
FX platform pricing needs a rethink, say banks
Greater transparency on fees at some new trading platforms is a welcome development, with banks calling on incumbent platforms to rethink their fixed costs, as well as the discounts they offer to incentivise volume
Compressed margins put tight squeeze on FXPB
The combination of rising costs and increased competition in FX prime brokerage has led to a squeeze on margins, but as the business attracts a wider range of clients than ever before, there is still clear demand for those that can afford to keep…
SEB veteran Dubajic moves to Aphelion
Electronic FX salesperson Henrik Dubajic departs after almost 20 years at the Swedish bank
Most innovative bank e-trading platform: BNP Paribas
BNP Paribas developers looked outside the world of finance for inspiration when developing Cortex FX, and the new platform’s functionality has won widespread plaudits from clients
ACI to develop new spot FX standards
Industry association plans to complete project by year-end to bring greater clarity to the definition of spot FX across currencies and geographies
Westpac partners with Broadway Technology for aggregated solution
Australian bank replaces in-house aggregation tool with a white-label offering to increase capacity
Hotspot reduces 'last look' response time by 100 milliseconds
Although the platform reports the cut has already had a positive effect, dealers working outside Hotspot's base in New York could experience latency issues
Bloomberg takes aim at Thomson Reuters Dealing
Bloomberg's chat-based FX trading tool, Instant Bloomberg Dealing, starting to rival Thomson Reuters' offering
Retail brokers report record volumes in the Middle East
Local investors are turning to FX in search of better yields, and are becoming increasingly sophisticated about how they trade. FX Week talks to banks and brokers in the region
CVC-Betfair deal collapses
CVC’s potential takeover of gambling group Betfair has collapsed, with both sides unable to agree on financial terms.