Electronic trading
Citi wins double whammy for algos and Velocity platform
A combined effort to enhance Citi's standing in e-FX lands the bank awards for best algo trading technology and most innovative bank e-trading platform
Best trading technology vendor: Portware
Portware wins the award for best trading technology provider as its algorithmic and cloud capabilities gain increasing traction in the FX market
Best liquidity management system: smartTrade Technologies
SmartTrade Technologies wins the e-FX award for best liquidity management system, having gained increasing traction in the FX market with a number of large clients
EBS clamps down on disruptive behaviour with new dealing rules
The platform will more closely monitor practices such as flashing of orders as part of an effort to incentivise liquidity enhancement and drive out disruptive behaviour
FX sales veteran departs Nomura
Jake Rue, who most recently worked in structured FX sales, has left Nomura in New York
Thomson Reuters to acquire FXall by Q3
Thomson Reuters and multibank platform FXall say they have complementary customer bases and good relationships with bank liquidity providers
FXall enables users to access bank algorithms
New functionality allows clients to route algorithmic and limit order requests to selected banks
FX trading platforms: Spoilt for choice
Four new FX electronic trading platforms have been unveiled in recent weeks, each boasting unrivalled speed, efficiency and transparency. Can the market support them all?
Spotlight on: Douglas Pelton, Lufthansa
Douglas Pelton, treasury manager in the liquidity and risk management division at Lufthansa, talks about the German airline's currency exposures and the evolution of the e-FX business
Euro exit testing intensifies
Banks and FX market infrastructures are stepping up their efforts to prepare for a possible redenomination of eurozone currencies if Greece is forced to leave the currency union, but some investors would like to see new contracts to protect them from…
FX trading volumes remain in decline
Icap and Thomson Reuters both report further declines in trading volumes in April
No need for Sef Clarification Act, says CFTC's Gensler
Dodd-Frank requires transparency for derivatives trading, CFTC chair says - and final Sef rules will reflect that
Single-dealer platforms win out in electronic FX options trading
Forex option volumes and liquidity are increasing on electronic trading platforms, as providers push through the operational and competitive challenges of delivering streaming, executable prices to a diverse customer base. Despite apparent regulatory…
Overcrowded market for forex options platforms will lead to consolidation
With at least six new multibank options platforms now competing for market share, differentiation is crucial for participants, but some believe consolidation of platforms is also inevitable. Chiara Albanese reports
UniCredit hires senior trader in Hong Kong
Robert Ang joined UniCredit last week, reporting to Anke von der Recke, head of FX for Hong Kong
Spotlight on: Raymond Kamrath, Faros Trading
Faros Trading has made a number of senior appointments to its sales team in recent months as it eyes global expansion from its headquarters in Stamford, Connecticut. Chief executive Raymond Kamrath talks to Chiara Albanese about the growth of the firm…
State Street back under spotlight as Connecticut attorney general investigates FX charges
US custodian bank in further pricing setback
Trading places, April 16, 2012
Appointments at Man Group, Renaissance Capital, Icap, TD Securities and Tabb Group, while HSBC loses head of eFX sales for Emea
UK Lords committee takes on financial transaction tax
The model proposed by the European Commission for a financial transaction tax would not meet its objectives and the UK government should redouble its efforts to veto the proposal, says the House of Lords
Credit Suisse hires Lanzilotti in currency trading role
James Lanzilotti joins from UBS as head of US global currency trading
Senior EBS product managers depart Icap
Departures of Brian Andreyko and Chip Defilippo are understood to be part of a broader restructuring of the electronic broking business
Move to electronic trading will increase hedge fund use of futures
Competition among buy-side companies and repercussions of Dodd-Frank will push hedge funds to trade electronically, says research from Tabb. Futures trading, mainly electronic, will also increase.
Citi’s Jones to relocate to London
Simon Jones to head up FX e-trading across G-10 and emerging markets
Spotlight on: Jeffrey Hogan, BGC Partners
BGC’s managing director for business development talks to Joel Clark about the interdealer broker’s voice and electronic broking capabilities in FX, and his extensive work with regulators to ensure new rules for over-the-counter derivatives are…